COVID-19 Impact Europe Magnetic Drive Pumps Market Forecast by 2028: CDR Pumps, CP Pumpen AG, Dickow Pump Company, Finish Thompson Inc

The Europe magnetic drive pumps market is expected to grow from US$ 256.65 million in 2021 to US$ 444.20 million by 2028; it is estimated to register a CAGR of 8.2% from 2021 to 2028.

"Europe Magnetic Drive Pumps Market" study by The Business Market Insights provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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Leading Europe Magnetic Drive Pumps Market Players: CDR Pumps, CP Pumpen AG, Dickow Pump Company, Finish Thompson Inc., Flowserve Corporation, HERMETIC-Pumpen GmbH, ITT Goulds Pumps, IWAKI CO., LTD., Klaus Union, KSB SE & Co. KGaA, OPTIMEX, Sulzer Ltd, Sundyne

Magnetic drive pumps are generally more expensive than mechanical seal pumps. However, the maintenance costs of these pumps are very low, and end users consider long-term financial advantages when choosing the pump. The primary reason for reduced maintenance is the relatively simple design. Moreover, when utilized for normal operations, it is seen that the magnetic drive pumps function for ten years or longer before requiring any repair that are usually inexpensive. Magnetic drive pumps are manufactured to be driven by the force of magnets. Hence, these pumps do not have any shaft coming out of the pump casing, and there is no requirement for shaft sealing devices such as mechanical seals and gland packing.

The report is a combination of qualitative and quantitative analysis of the Europe Magnetic Drive Pumps Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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Europe Magnetic Drive Pumps market - Regional Analysis to 2028 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Europe Magnetic Drive Pumps market with the detailed segmentation by type, application, and region through in-depth traction analysis of the overall virtual reality industry.

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