Chemical Canned Motor Pumps Market Insigth: CAGR is Projected to 3.9%

Market Introduction

Canned Motor Pump is a centrifugal pump with pump and hermetically sealed electric motor mounted on single shaft thus eliminating the requirement of mechanical seal or other sealing device. Entire rotating assembly is immersed in the liquid, and motor stator and rotor are isolated from the pumped liquid with corrosion resistant, non-magnetic liner and sleeve. A part of the pumped liquid is by-passed through the motor, for cooling of motor and lubricating the bearing.

Chemical Canned Motor Pumps Market Summary

According to the new market research report “Global Chemical Canned Motor Pumps Market Report 2023-2029”, published by QYResearch, the global Chemical Canned Motor Pumps market size is projected to reach USD 0.77 billion by 2029, at a CAGR of 3.9% during the forecast period.

• Global Chemical Canned Motor Pumps MarketSize(US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Chemical Canned Motor Pumps Market Report 2023-2029.

Market Drivers:

Industrialization process: With the advancement of globalization and industrialization, the chemical industry, as an important part of the basic industry, has an increasing demand for canned pumps. In the chemical production process, a large number of canned pumps are needed to transport various chemical substances and maintain the normal operation of the production process. Therefore, the advancement of industrialization is an important factor driving the development of the chemical canned pump industry.

Application of new materials and new processes: The application of new materials and new processes has promoted the upgrading and innovation of canned pump technology. For example, the application of high-performance polymer materials and ceramic materials enables canned pumps to perform better under harsh working conditions such as high temperature, high pressure, and corrosive media. The introduction of new processes has also improved the efficiency and reliability of canned pumps, further promoting the development of the industry.

Restraint:

Environmental regulations and safety standards: Strict environmental regulations and safety standards have put pressure on the chemical industry, requiring companies to adopt safer and more environmentally friendly technologies and equipment. This may increase the design and manufacturing costs of the canned pump, and also requires the canned pump to have higher sealing and reliability.

Fluctuating raw material prices: The manufacture of canned pumps often requires the use of special alloys, polymers and ceramic materials, and the prices of these raw materials can fluctuate. The instability of raw material prices may lead to rising costs and affect corporate profitability.

• Global Chemical Canned Motor Pumps Top17 Players Rankingand Market Share（Continually updated）

Based on or includes research from QYResearch: Global Chemical Canned Motor Pumps Market Report 2023-2029.

According to QYResearch Top Players Research Center, the global key manufacturers of Chemical Canned Motor Pumps include Teikoku, HERMETIC-Pumpen, Dalian Huanyou, Shanghai East Pump, Kirloskar Brothers, KSB, Nikkiso, Zhejiang Dayuan, CRIS Hermetic Pumps, Hayward Tyler, etc. In 2022, the global top 10 players had a share approximately 49% in terms of revenue.

• Chemical Canned Motor Pumps,Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Chemical Canned Motor Pumps Market Report 2023-2029.

In terms of product type, currently Standard Pumps Chemical Canned Motor Pumps is the largest segment, hold a share of 50%.

• Chemical Canned Motor Pumps,Global Market Size, Split by ApplicationSegment

Based on or includes research from QYResearch: Global Chemical Canned Motor Pumps Market Report 2023-2029.

In terms of product application, Basic Chemical Industry is the largest application, hold a share of 45%

• Chemical Canned Motor Pumps,Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Chemical Canned Motor Pumps Market Report 2023-2029.

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