During the historical period, the global canned motor pumps market created an absolute $ opportunity worth US$ 728.9 million. The COVID-19 pandemic, on the other hand, has disrupted demand for canned motor pumps in almost every region. As a result, the global canned motor pumps market will experience latency.
Fact.MR forecasts sluggish growth in the global canned motor pumps market as the market recovers, with the market valued at US$ 3.1 billion by the end of the forecast period (2020– 2030).
Key Segments of the Canned Motor Pumps Market
Fact.MR’s study on the canned motor pumps market offers information divided into two key segments-product, end-use and capacity across six regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
- Standard Pumps
- High-Temperature Pumps
- Reverse Circulation Pumps
- Liquid Pumps
- Multistage Pumps
- Others
End-Use
- Chemical
- Water & wastewater
- Oil & gas
- Power
- Pharmaceutical
- Food & beverages
- Agricultural
- Other End-Use
Capacity
- Low
- Medium
- High
Manufacturers of Canned Motor Pumps: Strategies
The market for canned motor pumps is both moderately consolidated and fiercely competitive. To spur growth, industry leaders are concentrating on new product development. For example, HERMETIC-Pumpsen GmbH, a canned motor pump manufacturer, expanded its modular “V-Line” product line for the chemical and petrochemical industries in 2019.
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