The market for canned motor pumps is anticipated to grow from a value of US$ 2 billion in 2023 to US$ 3.6 billion by the end of 2033, expanding at a CAGR of 6%. To increase overall pumping capacity, reverse circulation pumps are frequently used in conjunction with other pumps.
An electric motor is mounted on a single shaft of a centrifugal pump that is hermetically sealed, eliminating the need for a sealing device. The greatest advantages of canned motor pumps are their exceptional compactness and excellent power-to-weight ratio. They are therefore ideal for use in circumstances where a lightweight pump is required or where space is at a premium.
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Key Takeaways
1- Asia-Pacific excluding Japan (APEJ) is expected to remain dominant in the global canned motor pumps market, in terms of volume as well as revenues. The region is also expected to remain the fastest expanding market for canned motor pumps.
2- In terms of revenues, the markets in North America and Europe are projected to exhibit similar CAGRs through 2026. However, in terms of volume, the market in Europe will continue to exhibit a comparatively faster expansion than that in North America.
3- Revenues from sales of canned motor pumps in Latin America and Middle-East & Africa (MEA) will remain sluggish, and will increase at an approximately similar CAGR through 2026.
4- Volume sales of standard pumps and high temperature pumps will remain significantly higher than all the other product segments included in the report. However, revenues from these two product segments will remain relatively lower in the market. In addition, revenues from sales of reverse circulation pumps and multistage pumps will account for the largest market shares during the forecast period. Multistage pumps are anticipated to witness the lowest volume sales in the market during 2017 to 2026.
5- Canned motor pumps will find the largest volume sales for end-use in the chemical industry. Although volume sales of canned motor pumps for end-use in waste & wastewater and pharmaceutical industries will remain nearly similar, revenues from canned motor pump sales in the former will remain comparatively larger than those from the latter. In terms of both volume sales as well as revenues, canned motor pumps will continue to witness the lowest end-use in food & beverages industry.
6- On the basis of capacity, small capacity canned motor pumps will remain preferred in the market. Volume sales of small canned motor pumps will exceed 3,000 Mn units, to surpass revenues worth US$ 2,000 Mn by 2026-end. Volume sales of medium and high capacity canned motor pumps will collectively outgrow their small capacity counterparts by 2026-end.
Competitive Landscape
Key canned motor pump producers are increasing their efforts to provide the end-users with highly effective products following safety regulations and maintaining product standards. Leading companies are focusing on quality control, forming strategic alliances with other producers, and supply chain management to broaden their product lines.
For instance,
- In 2019, HERMETIC-Pumpsen GmbH, a manufacturer of canned motor pumps, expanded its modular product line named “V-Line” for the chemical and petrochemical industry.
- EmNet, LLC, a renowned US business recognized for its intelligent solutions and systems for controlling the urban water cycle, wastewater, and stormwater, was acquired by Xylem Inc., according to a press release. The advanced infrastructure analytics solutions and capabilities that Xylem is developing are anticipated to grow as a result of this acquisition.
Market Titans
- Nikkiso
- HERMETIC-Pumpen GmbH
- OPTIMEX
- Shinhoo
- Hayward Tyler
- SHIMGE
- Teikoku
- Zhejiang Dayuan
- Shanghai East Pump
- Dlian Huanyou
- Curtiss-Wright
- Harbin Electric Corporation
Key Segments
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
Region
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
A comprehensive estimate of the Canned Motor Pumps market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Canned Motor Pumps during the forecast period. Price point comparison by region with the global average price is also considered in the study.
Some of the Canned Motor Pumps Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Canned Motor Pumps and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Canned Motor Pumps Market .
- Insights about adoption of new technologies and its influence on the Canned Motor Pumps market Size.
- Overview of the impact of COVID-19 on Canned Motor Pumps Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Canned Motor Pumps Market during the forecast period.
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