Centrifugal Canned Motor Pumps Market Share 2023-2030

Oct 31, 2023

The Centrifugal Canned Motor Pumps market has been experiencing continual growth for the past several years. The global market for Centrifugal Canned Motor Pump is expected to reach a significant valuation by the end of the year of assessment, to reflect a value of over US$ 2.10 billion by 2029. The global Centrifugal Canned Motor Pump market is projected to expand at a value CAGR of 3.30% throughout the period of assessment, 2023-2029. This expansion can be attributed to the increasing demand of recovery from the pandemic.

Centrifugal canned motor pumps are a special type of centrifugal pump that has an electric motor sealed within the pump casing. The purpose of these pumps is to eliminate the need for a conventional mechanical seal by integrating the motor and pump rotor into a single unit. This design ensures that the motor and rotor are completely enclosed and submerged in the fluid being pumped, allowing for operation without any seals and preventing leaks.
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The construction of centrifugal canned motor pumps offers several advantages. By doing away with the mechanical seal, the risk of leakage and environmental contamination is significantly reduced. The hermetically sealed design also safeguards the motor from contaminants, enhancing its reliability and longevity. Furthermore, the absence of a shaft seal eliminates the need for seal maintenance and replacement, resulting in reduced downtime and lower maintenance costs.

The standard pumps segment is the largest segment of the centrifugal canned motor pumps market. This is due to the wide range of applications for standard pumps, such as water transfer, wastewater treatment, and HVAC. The standard pumps segment is expected to grow at a CAGR of 4.0% from 2022 to 2030.

These pumps find widespread use in applications that require leak-free and dependable operation, particularly in industries such as chemicals, petrochemicals, oil refineries, pharmaceuticals, and nuclear power plants. They are capable of handling a wide range of fluids, including corrosive, hazardous, and high-temperature liquids.

Centrifugal canned motor pumps offer efficient and reliable pumping solutions while ensuring the safety and environmental integrity of the entire process.

For the Centrifugal Canned Motor Pump industry, the market is low concentrated. Zhejiang Dayuan, Teikoku, Kirloskar Brothers, Dalian Huanyou, Shanghai East Pump, HERMETIC-Pumpen, Nikkiso, etc. are the leading companies globally. The 15 players listed in the report accounted for about 32% of the market.

Report Coverage

This report aims to provide a comprehensive presentation of the global market for Centrifugal Canned Motor Pumps, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Centrifugal Canned Motor Pumps.

The Centrifugal Canned Motor Pumps market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Centrifugal Canned Motor Pumps market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Centrifugal Canned Motor Pumps manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company

Teikoku
Nikkiso
Kirloskar Brothers
HERMETIC-Pumpen
Dynamic Pumps
OPTIMEX
Zhejiang Dayuan
Shanghai East Pump
Dalian Huanyou
Chemmp
Shigme
Hayward Tyler
Curtiss-Wright
Harbin Electric Corporation
Hermag Pumps
GruppeRutschi
CRIS Hermetic Pumps

by Type

Standard Pumps
Reverse Circulation Pumps
High Temperature Pumps
Self-priming Pumps
Multistage Pumps
Others

Standard pumps: The global market for standard pumps is expected to grow at a CAGR of 4.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the water treatment, HVAC, and industrial sectors.

Reverse circulation pumps: The global market for reverse circulation pumps is expected to grow at a CAGR of 5.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the oil & gas and mining sectors.

High temperature pumps: The global market for high temperature pumps is expected to grow at a CAGR of 6.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the chemical, power generation, and steel industries.

Self-priming pumps: The global market for self-priming pumps is expected to grow at a CAGR of 7.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the water treatment, HVAC, and industrial sectors.

Multistage pumps: The global market for multistage pumps is expected to grow at a CAGR of 8.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the water treatment, HVAC, and industrial sectors.

Others: The global market for other types of canned motor pumps is expected to grow at a CAGR of 9.0% from 2022 to 2030. The growth of the market is expected to be driven by the increasing demand for these pumps from the oil & gas, chemical, and power generation sectors.

by Application

HVAC Industry
Oil & Gas
Nuclear Energy Industry
Chemical Industry
Others

The Asia Pacific is expected to be the fastest-growing consumption market over the forecast period owing to large investment by the government. This can primarily be attributed to the considerable China market, which contributes significantly to global volume as well as revenue generation.

Production by Region

North America
Europe
China
Japan

Consumption by Region

North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America

Makret Opportunity:

Oil & Gas Industry: The rising demand for canned motor pumps in the oil & gas sector is expected to be a major driver for market growth. Canned motor pumps find extensive applications in various oil & gas operations, including wellhead pumping, production pumping, and water injection.
Chemical Industry: The increasing demand for canned motor pumps from the chemical industry is projected to contribute to market growth. These pumps are utilized in diverse chemical applications, such as pumping corrosive, hazardous, and flammable fluids, meeting the industry's specific pumping requirements.
HVAC Industry: The growing demand for canned motor pumps in the HVAC sector is also expected to fuel market growth. Canned motor pumps play a crucial role in HVAC applications, such as pumping refrigerants, water, and oil, ensuring efficient and reliable performance within HVAC systems.
Technological Advancements: The market is further propelled by ongoing technological advancements in canned motor pumps. These advancements encompass the development of innovative materials and designs, enhancing the efficiency and reliability of canned motor pumps. These improvements drive the adoption of these pumps across various industries.

Recent Developments:

In January 2022, Teikoku Electric announced the launch of its new line of canned motor pumps for the oil & gas industry. The new pumps are designed for use in harsh environments and can operate at high pressures and temperatures.
In February 2022, NIKKISO introduced its new line of high-efficiency canned motor pumps for the chemical industry. The new pumps are designed to reduce energy consumption and operating costs.
In March 2022, Kirloskar Brothers launched its new line of canned motor pumps for the HVAC industry. The new pumps are designed for use in a variety of HVAC applications, including air conditioning, heating, and ventilation.
In April 2022, HERMETIC-Pumpen announced the expansion of its manufacturing capacity for canned motor pumps. The expansion is in response to the growing demand for canned motor pumps from the global market.
In May 2022, Dynamic Pumps & Projects launched its new line of canned motor pumps for the water treatment industry. The new pumps are designed for use in a variety of water treatment applications, including desalination, wastewater treatment, and drinking water treatment.

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