Press release
Demand For Canned Motor Pumps Has Dampened Significantly Due To Halted Operations In End Use Industries
As the market recovers, Fact.MR forecasts that the canned motor pumps market will expand slowly and reach US$ 3.1 billion in value by the end of the forecast year (2020 - 2030).
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=382?Ps
The market for canned motor pumps with reverse circulation was dominated by these devices. Due to their capability to treat extremely volatile fluids including LPG, LNG, Liquid Ammonia, and refrigerants, among others, these pumps are extensively employed in the oil & gas and industrial sectors.
More than one-third of the world's canned motor pump market is located in Asia Pacific excluding Japan (APEJ). Manufacturers of canned motor pumps should target the APEJ market because it has become a global industrial powerhouse.
Increased uptake is also being caused by the efficiency of canned motor pumps. For instance, APEJ dominates the chemical and industrial business with a roughly 45% market share.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=382
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.
By Product :
โข Standard Pumps
โข High-Temperature Pumps
โข Reverse Circulation Pumps
โข Liquid Pumps
โข Multistage Pumps
โข Others
By End-Use :
โข Chemical
โข Water & wastewater
โข Oil & gas
โข Power
โข Pharmaceutical
โข Food & beverages
โข Agricultural
โข Other End-Use
By Capacity :
โข Low
โข Medium
โข High
By Region :
โข North America
โข Latin America
โข Europe
โข Japan
โข Asia Pacific Excluding Japan (APEJ)
โข Middle East & Africa (MEA)
In the coming years, the market is anticipated to reach equilibrium as a result of the anticipated increase in the pharmaceutical sector brought on by the coronavirus pandemic. Fact. According to MR, the chemical end use segment is expected to grow at a CAGR of 2.2% over the course of the projected period.
Middle East & AfricaThe study further identifies major manufacturing trends, technologies that will be commercialized
โข Key manufacturing trends in end-use industries;
โข New technologies used in a variety of application areas
โข Key manufacturing trends in end-use industries
โข New technologies used in a variety of application areas; Major economic shocks, such as the recent COVID-19 pandemic
โข Country markets that will emerge as hotbeds of opportunity;
โข Regulatory frameworks that will shape the strategies of key players in key regions in the Canned Motor Pumps market
โข Key technological trends and the likely rate of commercialization of novel technologies in key industries and allied industries
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/382
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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