Global Sealless Centrifugal Pumps Market
A pump is a device that uses pressure or suction to raise or move fluids from one location to another. A centrifugal pump uses the principal of centrifugal force or action to create a force that raise or move a liquid, gas, etc from one place to a desired location. A mechanical seal is a very important part of a centrifugal pump and prevents leakage of the pumped liquid. A sealless centrifugal pump does not contain a mechanical seal. As mechanical seals wear and tear, it increases the operation cost of the centrifugal pump. Sealless centrifugal pumps, which do not have a mechanical seal, have lower operation cost compared to a centrifugal pump with seal.
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Global Sealless Centrifugal Pumps Market: Dynamics
Rise in demand for centrifugal pumps in the U.S. increasing the sale of Sealless centrifugal pump
In the U.S., centrifugal pumps dominate the market and have a market share of approximately 90.0%. The rise in demand for sealless centrifugal pumps as compared to other pumps is due to a number of factors. Although the initial cost of a sealless centrifugal pump is more compared to centrifugal pump, the operation cost of the former is less. Sealless centrifugal pumps are best suited in process applications where concentrated liquid is used. Mechanical seal is a drawback of a centrifugal pump; this weakness is not found in a sealless centrifugal pump. All these factors are increasing the sale of sealless centrifugal pumps across the U.S. and other North American countries.
Rise in environmental awareness and maintenance and safety issues increasing the demand for Sealless pumps in chemical and municipal wastewater industry
Rising awareness about the need to reduce process-fluid leakage in the chemical industry and municipal wastewater industry is increasing the sale of Sealless centrifugal pumps. The most important aspect of a sealless centrifugal pump is that these pumps are chemically inert to the process fluids in chemical and wastewater treatment industries. These factors increase the demand for sealless pumps across the globe.
Global Sealless Centrifugal Pumps Market: Competitive Landscape
The global sealless centrifugal pumps market consists of large, small, and medium sized players. Large market players operate in more than one country/ region. Competition is intense among global and regional players operating in the sealless centrifugal pumps market. A few key players operating in the market are:
- Magnatex Pumps, Inc.
- Sundyne, LLC
- Dover Corporation
- KSB SE & Co. KGaA
- DAC Worldwide
- The Gorman-Rupp Company
- Teikoku Electric Mfg. Co., Ltd.
- Dynaflow Engineering, Inc.
- CECO Environmental
- Precision engineering Co.
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Global Sealless Centrifugal Pumps Market: Segmentation
The global office sealless centrifugal pumps market can be segmented based on:
- Product Type
- End-use Industry
Global Sealless Centrifugal Pumps Market, by Product Type
- Magnetic Drive Pumps (MDP)
- Canned Motor Pumps (CMP)
Global Sealless Centrifugal Pumps Market, by End-use Industry
- Oil & Gas
- Water and Wastewater
- Others (food and beverage, pharmaceuticals, etc.)
The report on the global sealless centrifugal pumps market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the global sealless centrifugal pumps market across regions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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