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The global canned motor pumps market created an absolute $ opportunity worth US$ 728.9 million during the historical period. However, the outbreak of COVID-19 pandemic has disrupted demand for canned motor pumps in almost every region. This, in turn, is poised to create latency in the global canned motor pumps market.
As the market rebounds, Fact.MR projects that the global canned motor pumps market is poised to witness sluggish growth and is set to be valued at US$ 3.1 billion by the end of the forecast period (2020 – 2030).
Hampered supply chains amidst lockdowns imposed in many of the countries has caused irregular and insufficient supply of raw materials. At the same time, demand for canned motor pumps has dampened significantly due to halted operations in end use industries.
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The Canned Motor Pumps market's various significant aspects are covered in detail in the report. The market for Canned Motor Pumps can grow successfully if certain critical factors are taken into account, according to the report. These characteristics include things like market size, expansion, revenue, sales, demand, risks, dangers, opportunities, economic forecast and history, among many other things. To provide our clients with a thorough overview of the Canned Motor Pumps market landscape and to help them create a business canvas in line with it, the report is founded on factual data that has been evaluated by our research analysts.
The Space Mining Market report profiles the successive companies, which includes: – HERMETIC-Pumpen GmbH, Avingtrans Plc, Curtiss-Wright Corporation, Dalian Huanyou Canned Motor Pump Co., Ltd., Dynamic Pumps & Projects Pvt. Ltd., Harbin Electric Corporation, Jiamusi Electric Machine CO., Ltd.
Fact.MR analysts are currently analyzing and coordinating their insights on the effect of COVID-19 across diverse industry verticals. These insights are quite promising for several businesses and ventures to cope up with this unprecedented downturn and take effective strategic decisions to expand and proliferate within a competitive business ecosystem.
Standard Pumps High-Temperature Pumps Reverse Circulation Pumps Liquid Pumps Multistage Pumps Others
Chemical Water & wastewater Oil & gas Power Pharmaceutical Food & beverages Agricultural Other End-Use
Market Segment by Regions, regional analysis covers:
North America Latin America Europe East Asia South Asia & Oceania Middle East Africa
Canned Motor Pumps Considered as Effective Alternative to Centrifugal Pumps
More and more seal-less canned motor pumps are witnessing adoption for conveying of liquefied gases in the chemical sector. This is mainly because of their low life cycle costs, significant noise reduction, higher operational safety & efficacy, and particularly owing to their high degree of eco-friendliness. Canned motor pumps are being considered as an effective and safe alternative to the conventional centrifugal pumps, as well as the magnetic drive pumps. Environment awareness that has propelled over the past few years has led to the implementation of stricter regulations apropos to safety and health on the petrochemical and chemical plants.
Canned motor pumps, which are completely leakage-free and deprived of shaft sealing, significantly contribute to maintenance of such regulations. These pumps comply with the API (American Petroleum Institute) 685 specification, which standardizes seal-less pumps' application in the petrochemical industry and refineries.
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