APEJ to Lead Global Canned Motor Pumps Market during 2017-2026

Posted on 2019-03-05 by Mark Hub in Retail // 0 Comments

Rockville, USA, 2019-Mar-05 — /EPR Network/ — Canned motor pumps are advanced centrifugal pumps with an electric motor hermetically-sealed and mounted on a single shaft, which in turn eliminates the requirement for mechanical seals. The entire rotating assembly of canned motor pumps is immersed in liquid, with motor stator and rotor isolated from pumped liquid by using a corrosion-resistant non-magnetic sleeve and liner.

Petrol’s energy density makes it an imperative raw material in every combustible, and an irreplaceable raw material utilized in petrochemical industries for manufacturing a wide range of everyday life products. However, the environmental impact including leaks from petroleum extractions, carbon dioxide emissions and degassing effects of petrol has become a major concern among regulatory authorities. Environmental sensibilization has resulted into enforcement of standards with regard to petrochemical installations based on severe security and health protection requirements. Canned motor pumps that are leak-proof contribute significantly to respect of such specifications, thereby witnessing huge demand in the petrochemical industries.

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The canned motor pumps market will exhibit an impressive expansion over the forecast period (2017-2026), in terms of volume. Global sales of canned motor pumps are estimated to exceed 7,000 Mn units by 2026-end. In terms of revenues, the market is expected to surpass US$ 4,500 Mn by 2026-end.

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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.

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.

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.

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.

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Fact.MR’s report has identified prominent companies contributing to the market expansion significantly. These companies include Subaru Corporation, Ryobi Limited, Lifan Industry (Group) Co., Ltd., Briggs & Stratton Corporation, Wuxi Kipor Power Co. Ltd., Toshiba Corporation, Hyundai Motor Company, Champion Power Equipment, Inc., Generac Holdings Inc., Yamaha Motor Co., Ltd., and Honda Motor Co., Ltd.

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