#Magnetic Drive Pumps Market Share

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Global Breast Pump Market Size, Share, Growth and Forecast 2031

Global breast pump market is projected to witness a CAGR of 8.03% during the forecast period 2024-2031, growing from USD 1.77 billion in 2023 to USD 3.28 billion in 2031. The breast pump market is drastically growing owing to the changing equation in the workforce that necessitates the use of breast pumps for mothers, awareness about the benefits of breast milk, and the rising disposable income of the female population.

Breast pumps are devices that extract milk from a nursing mother’s breasts. It can be manual or electric. Used to collect breast milk for feeding or to relieve engorgement, it allows mothers to store milk for later use, supporting breastfeeding while providing flexibility for caregivers. The breast pump market is booming as a rise in breastfeeding awareness and participation of women in the workforce is driving the growth. The major players are constantly innovating new product launches to cater to the needs of modern mothers. Newly developed smart breast pumps allow users to connect them with mobile applications that track milk production and maintain the perfect comfort settings. Besides, hands-free and wearable designs were created to enable mothers to express their milk discreetly while accomplishing multi-tasking. Additionally, environmentally friendly designs with sustainable materials are gaining consumer market attention. Adjustable flange sizes and different pumping modes attract individual tastes. Such innovations enhance usability and contribute toward a positive breastfeeding experience in nature, thus driving the market forward as mothers look for convenient solutions for milk expression.

For instance, in May 2024, Eufy (Anker Innovations Technology Co., Ltd) launched a new line of wearable breast pumps, including the S1 Pro, S1, and E10, aimed at improving maternity wellness. These pumps feature innovative technologies such as HeatFlow for improved comfort and milk flow, with users reporting up to a 30% increase in output. The S1 Pro includes a magnetic charging case for portability, while all models offer smart app control and customizable pumping settings.

Growing Women Workforce Boosts the Demand for Breast Pumps

Great growth in women’s participation at the workplace simultaneously increases the demand for a breast pump. When mothers are required to return to their workplace shortly after delivery, they find an easy solution for their babies in breast pumps since these allow them to express and store milk. This way, the infants get breast milk even when mothers are not around. This would allow the mother to combine breastfeeding with professional responsibilities. These changes in policies at work have also been created to facilitate breastfeeding. There is already a set pumping area or spot and flexible break schemes allowing mothers to use their breast pumps when the child needs them. Increased awareness of how breastfeeding health will benefit infants, and their mothers tends to drive this trend. Companies and health organizations also promote this method as part of their campaign for maternal and child health, making breast pumps more accessible and visible. With such huge demand, manufacturers are now developing more efficient, portable, and user-friendly designs, catering to the needs of working mothers and enhancing demand in the market. For instance, according to the United States Bureau of Labor Statistics, women’s labor force participation increased from 32.7% in 1948 to 57.3% in 2023, indicating women’s rising involvement in the workforce’s economic outcomes.

Rising Awareness Drives Market

Rising awareness about the benefits of breast milk significantly drives growth in the breast pump market. As healthcare professionals increasingly emphasize the nutritional and immunological advantages of breast milk for infants, more mothers are motivated to provide breast milk, even when they face work or personal commitments. This growing knowledge highlights the importance of breast milk in reducing health risks for babies, including allergies and infections, and promotes maternal health benefits, such as improved postpartum recovery. Public health campaigns and educational resources further improve this awareness, encouraging mothers to consider breast pumps as essential tools for maintaining breastfeeding. This heightened awareness translates into a stronger demand for breast pumps, leading to innovations and an expanding market as manufacturers strive to meet the diverse needs of breastfeeding mothers seeking to balance work and family. For instance, as per data from Bradley University, children between 6-23 months who were breastfed at any time showed better infant mortality compared to others. Also, there was a 50% reduction in deaths that were related to sudden infant death syndrome (SIDS) in such children.

Dominance of Battery-Powered Breast Pump Segment in Market

Due to its portability and convenience, the battery-powered breast pump segment continues to top the market. These breast pumps are more compliant with modern mothers who need the flexibility to extract milk at home, at their workplace, and while traveling. Instead of depending on a power outlet, battery-powered breast pumps do not have to be hooked up and can be used anywhere, accommodating people’s busy mobile lifestyles. In addition, technological advances also support more efficient use with longer-lasting and more potent batteries that make it even easier for mothers to pump discreetly and comfortably without interruption. These pumps tend to come with designs that are easy to use and give such adjustable settings that people can aspire to achieve them to meet their preferences and needs, making these pumps even more attractive. This trend of multi-tasking and the need for discrete and efficient breastfeeding solutions further strengthen the dominance of the battery-powered segment in the breast pump market. Innovative product launches from the market players further boost the market share of the segment; for instance, in June 2024, Momcozy (Shenzhen Lute Jiacheng Network Technology Co., LTD.) launched the battery-powered Mobile Flow Hands-free Breast Pump, designed to enhance the breastfeeding experience for mothers. This innovative pump features a powerful third-generation motor and the Momcozy DoubleFit Flange for efficient milk extraction. With three modes and 15 intensity settings, users can customize their pumping sessions via the Momcozy app.

North America Dominates the Breast Pump Market

North America is highly dominant in the breast market due to factors such as increased healthcare awareness, supportable policies on breastfeeding, and an emphasis placed on better health conditions for mothers as well as children. The United States and Canada enact large-scale educational programs focusing on the benefits of breastfeeding, thus, high demand for breast pumps to attain work-life and nursing balance. The region’s strong healthcare infrastructure, maternity support programs, and insurance that covers breast pump purchases further facilitate access. In addition, more workplaces have begun offering family-friendly policies, which include special rooms for pumping and flexible breaks, making breastfeeding more feasible for mothers. Innovation plays a prime role, as North American companies are usually the first to release advanced, user-friendly designs in breast pumps, such as smart and portable designs that can be used with any busy lifestyle. Additionally, the USFDA’s role also plays a crucial part in market expansion; for instance, in April 2023, The USFDA cleared MilkMate Products, Inc.’s groundbreaking breast pumping solution designed specifically for employees. This innovative product allows mothers to pump breast milk discreetly and efficiently at work, promoting breastfeeding while balancing professional responsibilities. The solution aims to improve workplace support for nursing mothers, addressing common challenges associated with pumping in a corporate environment.

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Future Market Scenario (2024-2031F)

Innovative designs like the SmartLact8 breast pump are transforming the breast pump market by mimicking natural infant suckling patterns, which reduces discomfort and complications associated with traditional pumps. Key features include a bio-inspired mechanism that combines compression and vacuum pressure, advanced sensor technology for real-time data capture, and customization options for individual needs. Future trends include the rise of wearable technology, personalized healthcare solutions, and a focus on sustainability and hygiene. As products like SmartLact8 prioritize user comfort and convenience, they are likely to dominate the market, promoting breastfeeding as an essential aspect of maternal and child health while enhancing overall user satisfaction.

Report Scope

“Breast Pump Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global breast pump market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

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HVAC Vacuum Pump Market Size, Share, and Forecast to 2032

HVAC Vacuum Pump Market

The latest study released on the Global HVAC Vacuum Pump Market by Market Strides, Research evaluates market size, trend, and forecast to 2032. The HVAC Vacuum Pump Market consider covers noteworthy inquire about information and proofs to be a convenient asset record for directors, investigators, industry specialists and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, openings and up and coming challenges and approximately the competitors.

 Some of the key players profiled in the study are: 

Henry-tech

CPI

Pyramid Technologies

Inc.

Coinco

Kangyi

Cassida

Japan Cash Machine

Bst-counter

Magner

Accubanker

Ronghe

Innovative Technology Ltd.

Shanghai Guao Electronic

Julong

Dri Mark Products Inc

International Currency Technologies

Royal Sovereign International Inc.

Comet

Global Payment Technologies (GPT)

Glory Ltd.

Weirong

Baijia

Fraud Fighter

Jofemar

Cummins Allison Corp.

Semacon Business Machines

Inc.

Crane Payment Innovations

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 Scope of the Report of HVAC Vacuum Pump Market : 

The report also covers several important factors including strategic developments, government regulations, market analysis, and the profiles of end users and target audiences. Additionally, it examines the distribution network, branding strategies, product portfolios, market share, potential threats and barriers, growth drivers, and the latest industry trends.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Affect and Economic Slowdown globally. Keep up a competitive edge by measuring up with accessible commerce opportunity in HVAC Vacuum Pump Market different portions and developing territory.

 The titled segments and sub-section of the market are illuminated below: 

Based on Type

Ink Verification

UV Detection

Magnetic Ink Detectors

Watermark Detection

Security Threads

Magnifying Glass

Others

Based on Application

Retail

Banking

Gaming

Transportation

Hotels

Others

Get Detailed@ https://marketstrides.com/report/hvac-vacuum-pump-market

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

 • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

• North America (United States, Mexico & Canada)

• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report: 

•To carefully analyze and forecast the size of the HVAC Vacuum Pump Market by value and volume.

• To estimate the market shares of major segments of the HVAC Vacuum Pump Market

• To showcase the development of the HVAC Vacuum Pump Market in different parts of the world.

• To analyze and study micro-markets in terms of their contributions to the HVAC Vacuum Pump Market, their prospects, and individual growth trends.

• To offer precise and useful details about factors affecting the growth of the HVAC Vacuum Pump Market

• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the HVAC Vacuum Pump Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Key questions answered: 

• How feasible is HVAC Vacuum Pump Market for long-term investment?

• What are influencing factors driving the demand for HVAC Vacuum Pump Market near future?

• What is the impact analysis of various factors in the Global HVAC Vacuum Pump Market growth?

• What are the recent trends in the regional market and how successful they are?

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The market research report on the Global HVAC Vacuum Pump Market has been thoughtfully compiled by examining a range of factors that influence its growth, including environmental, economic, social, technological, and political conditions across different regions. A detailed analysis of data related to revenue, production, and manufacturers provides a comprehensive view of the global landscape of the HVAC Vacuum Pump Market. This information will be valuable for both established companies and newcomers, helping them assess the investment opportunities in this growing market.

Region Included are: Global, North America, Europe, APAC, South America, Middle East & Africa, LATAM.

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

At long last, HVAC Vacuum Pump Market is a important source of direction for people and companies.

Thanks for reading this article; you can also get region wise report version like Global, North America, Europe, APAC, South America, Middle East & Africa, LAMEA) and Forecasts, 2024-2032

About Us: 

Market Strides, a leading strategic market research firm, makes a difference businesses unquestionably explore their strategic challenges, promoting informed decisions for economical development. We give comprehensive syndicated reports and customized consulting services. Our bits of knowledge a clear understanding of the ever-changing dynamics of the global demand-supply gap across various markets.

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Antiepileptic Drugs Market Predictions: Future Insights and Analysis

Antiepileptic Drugs Market Outlook, Scope & Overview:

Industry reports indicate that the global antiepileptic drugs market was valued at USD 18.21 billion in 2023 and is projected to reach USD 26.30 billion by 2031, growing at a CAGR of 4.70% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Antiepileptic Drugs Market

The adoption of advanced antiepileptic drugs (AEDs) will continue to influence global market revenues. The increasing prevalence of epilepsy and other seizure disorders, along with ongoing advancements in drug development and therapy options, are expected to drive market growth.

As a product segment, novel AEDs currently hold a significant share of the global antiepileptic drugs market. This segment is anticipated to grow at a year-over-year rate of 4.70% in 2024 over 2023 and reach USD 26.30 billion in revenues by 2031. The growing demand for effective and targeted therapies, along with increasing awareness about epilepsy, is expected to drive market growth.

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Antiepileptic Drugs – Market Dynamics

Drivers:

The antiepileptic drugs market is witnessing growth due to the rising incidence of epilepsy and the need for effective treatment options. Advances in drug research and development, including the introduction of novel AEDs with improved efficacy and safety profiles, are key factors driving market expansion. Additionally, the increasing adoption of personalized medicine approaches and the growing focus on patient-centric therapies are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high treatment costs, side effects associated with some AEDs, and the complexity of managing chronic conditions can hinder the widespread adoption of antiepileptic drugs. Moreover, regulatory hurdles and the need for ongoing research to address unmet medical needs pose additional challenges to market expansion.

Antiepileptic Drugs – Market Outlook

The proven benefits of antiepileptic drugs in managing seizure disorders and improving patient quality of life have contributed to the market's growth. Antiepileptic drugs are expected to witness increased adoption across major markets, including North America, Europe, and Asia Pacific, driven by advancements in drug development and the growing focus on epilepsy management.

Global Antiepileptic Drugs Market

The rise in demand for antiepileptic drugs in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global antiepileptic drugs market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing growth in the adoption of AEDs, supported by increasing healthcare investments and rising awareness about epilepsy.

Key Players in the Antiepileptic Drugs Market

Leading companies in the antiepileptic drugs market include Pfizer Inc., Novartis International AG, Johnson & Johnson, and GlaxoSmithKline plc. These companies are at the forefront of developing and commercializing advanced AEDs for various types of epilepsy and seizure disorders.

In conclusion, the global antiepileptic drugs market is poised for steady growth over the forecast period, driven by technological advancements, increasing prevalence of epilepsy, and the expanding adoption of novel and effective therapies for seizure management.

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Ceramic Packages Market 2024: Emerging Trends, Major Driving Factors, Business Growth Opportunities

Ceramic Packages Market provides in-depth analysis of the market state of Ceramic Packages manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ceramic Packages in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Ceramic Packages Market Report:

The report offers a comprehensive and broad perspective on the global Ceramic Packages Market.

The market statistics represented in different Ceramic Packages segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Ceramic Packages are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Ceramic Packages.

Major stakeholders, key companies Ceramic Packages, investment feasibility and new market entrants study is offered.

Development scope of Ceramic Packages in each market segment is covered in this report. The macro and micro-economic factors affecting the Ceramic Packages Market

Advancement is elaborated in this report. The upstream and downstream components of Ceramic Packages and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/ceramic-packages-market-100566

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Web: https://www.globalgrowthinsights.com

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Electric Motor Market - Forecast(2024 - 2030)

 Electric Motor Market Overview

Electric Motor Market Size is forecast to reach $169 billion by 2030, at a CAGR of 5.6% during��2024-2030. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving the growth in the electric motor market during the forecast period. An increase in awareness of green vehicles among customers has been a key factor leading the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is analysed to drive the market. The growing interest in sustainable transportation has driven the demand for electric vehicles. Electric motors play a crucial role in powering EVs, and advancements in motor technology contribute to increased efficiency and range. The industrial sector is witnessing the integration of electric motors with the Internet of Things (IoT) and Industry 4.0 technologies. This integration allows for real-time monitoring, predictive maintenance, and improved efficiency in industrial processes.

Smart motor technologies, incorporating features like connectivity, sensors, and advanced control systems, are becoming more prevalent. These innovations contribute to better performance, remote monitoring, and enhanced automation in various applications. Developments in motor control systems, including advanced algorithms and power electronics, contribute to improved motor performance, reduced energy losses, and enhanced control precision. There is an increasing emphasis on developing more energy-efficient electric motors to meet sustainability goals and reduce energy consumption. Regulations and standards promoting energy efficiency also influence the design and manufacturing of electric motors. Additionally, Electric motors have been observing several advancements in technology over the past few years, owing to which its demand is set to gain higher traction during the forecast period 2024-2030.

Report Coverage

The report: “Electric Motor Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Electric Motor market

By Product Type: AC Motor (Induction Motor, Synchronous Motor, Servo Motor, Stepper Motor), DC Motor (Brushed DC Motor, Brushless DC Motor, Servo Motor, Series Motor, Stepper motor, Compound Motor).

By Product Category: Permanent Magnet, Non-Permanent Magnet.

By Phase: Single Phase, Three Phase.

By Power Rating: Below 0.5W, 0.5W-1W, 1W to 100W, 100W to 1KW, 1KW to 10KW, 10KW and Above.

By Efficiency: IE1, IE2, IE3, IE4.

By Application: Commercial (Automated Doors, Elevators & Escalators, Blowers, Electric Sweepers, Hand Dryers, Data Center & UPS, Pumps, Power Tools, Water Coolers, Camera PTZ Control, Drones, Others), Consumer Products (Pumps, Hair Dryers, Lawn Mowers, Boilers, Dishwashers, Vacuum Cleaners, washing machine, Blenders & Mixers, Fans & Chimneys, Desktop & Laptops, Smartphones, Refrigerators, Others), Automotive (Body Control motors, EPS Motors, Brake Booster BLDC Motor, Seat Adjustment, Belt Tensioner, Car Window Motor, Door Lock Motors, Wiper Motor, Others), Medical & Healthcare (Diagnostic Equipment (CT Scanners, MRI, Biopsy Systems, Diagnostics Analyzers, Ultrasound Transducers, X-Ray, Others), Medical Centrifuges, Medical Pumps, Blowers and Compressors, Surgical Instruments (Saws, Drills, Surgical Robots, Others), Dental CAD/CAM Milling Machines, Exoskeleton & Prosthetics, Microscopes, Wheelchairs & Scooters, Stair Lifts, Hospital Beds & Exam Tables, Others).

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Poland, Czechia, Belgium, Sweden  and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

• The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market in APAC.

• The DC Motor segment is growing at a significant CAGR of 7.6% in the forecast period 2024-2030. A DC motor consists of a stator and a rotor.

• Medical & Healthcare sector is expected to witness a highest CAGR of 8.5% the forecast period 2024-2030, due to its extensive reliance on electrically powered devices and equipment. Diagnostic imaging equipment, such as MRI and CT scanners, demands high-performance electric motors for precise movements and accurate imaging. 

• Electric Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Electric Motor Market Segment Analysis - By Product Type

The DC Motor segment is expected to grow at a significant CAGR of 7.6% during the forecast period 2024-2030. Owing to the growing penetration of brushless DC motors across various industry verticals substituting brushed dc and even ac induction motors in certain applications such as home appliances. DC motors are used in electric vehicles in the automotive industry for various non-traction applications, contributing to the ongoing shift towards sustainable transportation. As the demand for electric vehicles grows, so does the demand for efficient and dependable DC motors. DC motors are also widely used in industrial automation, powering conveyor systems, robotics, and manufacturing equipment. Owing to the ease of control, they are suitable for accurate and regulated movements in automated processes.

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Electric Motor Market Segment Analysis - By Application

Medical & Healthcare sector is expected to witness a highest growth of CAGR 8.5% during the forecast period 2024-2030, owing to the increase in investments in healthcare and medical sector, along with growing penetration of advanced medical devices & equipment in the sector such as surgical robots, advanced imaging & diagnostic equipment, prosthetics and so on. Medical advances and technical improvements have resulted in the development of a wide range of medical instruments and gear that significantly rely on the precision and efficiency provided by electric motors. High-performance electric motors are required for precise motions and accurate imaging in diagnostic imaging equipment such as MRI and CT scanners. Electric motors provide stability and consistency to patient care and monitoring systems such as infusion pumps and monitoring equipment. Furthermore, the incorporation of electric motors in mobility aids such as electric wheelchairs and patient lifts improves accessibility for people who have mobility issues. Electric motors are used in laboratory equipment, robotic surgical systems, and a variety of medical tools, all of which contribute to the overall efficiency and improvement of healthcare techniques. The demand for electric motors is on the rise as the healthcare industry evolves and adopts more technologically sophisticated solutions, fueling additional innovation in this critical sector.

Electric Motor Market Segment Analysis - By Geography 

Electric Motor market in Asia-Pacific region held significant market share of 38% in 2023. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market. In addition, advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Electric Motor Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2022, Ford Motor has committed to increase its investments in electric vehicles to $50 billion by 2026, up from a previous spend of $30 billion by 2025. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As electric vehicles use various types of electric motors for traction & auxiliary applications, the rising demand for electric vehicles globally is set to assist the market growth for electric motors used in the same.

Growing R&D activities 

Manufacturers are continuously focusing on R&D to develop new and effective electric motors to meet consumer demand. Increasing concerns, such as environmental pollution and regulations, are forcing manufacturers to develop electric motors that reduce vibration and increase efficiency. For instance, a synchronous electric motor is around 80% more efficient than an induction electric motor. Similarly, the development of a new type of steel for electric motors, which reduces the weight of the electric motor and makes it more efficient and powerful. This new type of electric motor will be small in size and cost effective, which will raise demand from residential and commercial applications. Moreover growing developments from various companies is also analysed to drive the market growth. Hence these factors are analysed to drive the market growth in the forecast period 2024-2030.

Electric Motor Market Challenges 

Easy availability of low-quality electric motors

The market for electric motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of electric motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality electric motors. This acts as a key challenge for the growth of the market.

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Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Electric Motor market. Electric Motor top 10 companies include:

ABB Ltd

Johnson Electric Holdings Limited

Siemens AG

Rockwell Automation

Nidec Corporation

Bosch Electric

Regal Rexnord

Franklin Electric Company Inc.

Teco Electric & Machinery Co. Ltd.

Wolong Electric Group co. ltd.

Acquisitions/Product Launches

• In July 2023, Nidec Corporation announced that it has successfully developed a new electric power steering motor power pack*1 (“EPS-PP”).

• In July 2023, WEG announced new investments for its motor manufacturing plant located in Manaus, Brazil. The Company will invest R$ 48 million, in the next three years, to expand production capacity and adapt the plant to produce a new line of permanent magnet electric motors for split-type air conditioners

• In December 2023, Johnson Electric Launches 48-Volt Cooling Fan Module with High Power and Efficiency. Johnson Electric is pleased to announce the launch of the 48-Volt Cooling Fan Module with power up to 1.5kW to meet the most demanding cooling requirements.  The need to reduce emissions and increase the electrification of the vehicle, requires higher cooling performance and efficiency.

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Unveiling Growth Catalysts, Trends, and Innovators in the 2033 Transformer Tap Changers and Voltage Control Relay Market

Global sales of the sealless magnetic drive pumps market are set to be valued at over US$ 674.6 million in 2023. From 2023 to 2033, the worldwide market is expected to expand at a value CAGR of 6.4%. By 2033, total market revenue is likely to cross US$ 1252.3 million.

Growth in the market is driven by the increasing demand for energy-efficient technologies and rapid industrialization. Growing usage of sealless magnetic drive pumps across sectors such as chemical and pharmaceutical will boost the market.

The rising number of water treatment projects, especially in emerging economies will fuel sealless magnetic drive pump sales. The magnetic drive pump market will also experience greater expansion as the significance of recycling water increases globally.

Industries are required to invest heavily in new technologies by environmental agencies such as the Pollution Control Agency and the Environmental Protection Agency to limit pollution emissions. This in turn will continue to fuel demand for sealless magnetic drive pumps.

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Sealless magnetic drive pumps are widely used in industries such as pharmaceutical and chemical. This is due to their safe, reliable, and leak-proof features. As per Future Market Insights (FMI), the pharmaceuticals segment is estimated to hold more than one-fifth of the market value share.

Sealless magnetic drive pumps are used in the pharmaceutical industry for applications where precision and contamination control are critical. They are also suitable for pharmaceutical applications that require high accuracy and precision, such as dosing and metering.

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Energizing the Future: AC Drives Market Trends

Alternate Current (AC) drives are electronic devices that control the speed & torque of an electric motor by alternating parameters such as voltage, frequency & magnetic flux. Optimizing energy consumption plays a crucial role managing the overall operating costs of energy intensive sectors. AC drives offer optimization in energy along with significant reduction in operational costs by controlling the speed and torque of electric motors. Minimization of energy usage and the advantage of the advantages of prolonging the life of the electrical equipment make AC drives to have widespread applications in industries such as oil & gas, water & wastewater, and mining.

The rise in increasing urbanization & growing rate of industrialization are the key factors that drive the growth of the market. Different regulations on obtaining energy efficiency along with rising need for energy optimizations in different industrial processes are the key factors are the factors that boost the market growth. Decrease in the foreign direct investment such as Greenfield investments is a key restraining factor hindering the growth of the market. However, there is a huge growth opportunities of the market in the replacement market. Furthermore, rising applications in Industrial Internet of Things (IIoT) will offer ample growth opportunities in the AC drives market. Various local vendors are offering stiff competition to the big market players is a key market challenge to be overcome by key market players to gain stronghold in the market.

The report segments the AC drives market on the basis of voltage, power rating, applications, end-user industry and region. On the basis of voltage, the market is segmented into low voltage & medium voltage. On the basis of applications, the market is segmented into pumps, fans, compressors, conveyors, extruders among other applications. On the basis of end-use industry, the AC drives market is segmented into oil & gas, power generation, water & wastewater, building automation, food & beverage, metals & mining, chemicals & petrochemicals among other industries. On the basis of power rating the market is segmented into low power drives, medium power drives and high power drives. On the basis of region, the market is segmented into Asia-Pacific, Europe, North America Middle East & Africa and South America. Each of these regions are segmented into voltage, application, power rating (kW), end-use industry and countries.

Prominent market players operating in the market are ABB LTD., Danfoss Group, Mitsubishi Electrical Co., Schneider Electric Co., Siemens Ag Fuji Electric Co. Ltd., Emerson Electric Co., Hiconics Drive Technology Co. Ltd., Hitachi Ltd., Parker Hannifin Co., Rockwell Automation Inc., Toshiba International Corporation, WEG S.A. And Yaskawa Electric Co.

KEY BENEFITS FOR STAKEHOLDERS:

The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of the market globally.

The report offers an extensive analysis of government regulations related to commercial drones in different countries and its impact on their adoption rate in these countries.

The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.

This report involves the detailed quantitative analysis of the current market and estimations through 2014 and 2020, which assists in identifying the prevailing market opportunities.

The report analyses the top impacting factors in detail and offers adoption rate analysis of the market on the basis of different segment across different countries.

Porters Five Forces analysis is offered in the report along with highlighting bargaining power of buyers and suppliers.

The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.

The report offers information on the status of new projects along with offering investment feasibility analysis of the same.

Key Market Players :

ABB LTD.

Danfoss Group

Mitsubishi Electrical Co.

Schneider Electric Co.

Siemens Ag Fuji Electric Co. Ltd.

Emerson Electric Co.

Hiconics Drive Technology Co. Ltd.

Hitachi Ltd.

Parker Hannifin Co.

Rockwell Automation Inc.

[esgdatainrate]

IE4 Permanent Magnet Synchronous Motors In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031

IE4 Permanent Magnet Synchronous Motors Market Outlook — 2025

The global IE4 permanent magnet synchronous motors market size was valued at $85,153 thousand in 2013, and is projected to reach $206,623 thousand by 2025, growing at a CAGR of 9.8% from 2018 to 2025. IE4 permanent magnet synchronous motors is a super-premium efficiency class motor, which is designed and manufactured according to the energy efficiency motors program to encourage end users to use higher efficiency motors. The aim of utilization of IE4 permanent magnet synchronous motors is to reduce energy consumption and minimize CO2 emissions. These motors are further used to drive industrial fans, pumps, compressors, and other mechanical applications, which fuel their adoption.

In addition, IE4 motors find their application in numerous robotic processes. Factors such as speed, acceleration, torque requirements, control, and angular movements make IE4 motors an ideal choice for robotic system manufacturers. Efficiency and performance have increased owing to rising demand for superior machine control, thereby improving the performance of equipment where IE4 motors are installed. Efficiency and performance have increased owing to rising demand for superior machine control.

The global IE4 permanent magnet synchronous motors market is segmented into product, application, and region. Based on product, the global IE4 permanent magnet synchronous motors market is divided into less than 20 kW, 20–200 kW, and more than 200 kW. In 2017, the 20–200 kW segment held the largest share, due to increase in demand for energy-efficient conveyor systems in manufacturing and automotive industries.

Competition Analysis

The major players operating in the global IE4 permanent magnet synchronous motors market include ABB, Altra Industrial Motion Corp, Anhui Wannan Electric Machine Co., Ltd., Bharat Bijlee, CG global, Danfoss, Fuji Electric Co., Ltd., Hitachi Ltd., Kaeser Kompressoren, Kienle + Spiess GmbH, KSB SE & Co. KGaA, Lafert, Merkes GmbH, Nidec, NORD Drive systems, O.M.E. Motori Elettrici s.r.l., OEMER, Siemens AG, Toshiba Corporation, Weg S.A., and VEM Group. Key players adopted product launch and partnership as its key developmental strategy to sustain the intense competition and improve its product portfolio. For instance, in December 2017, Nord Drivesystems expanded its portfolio of smooth-surface permanent-magnet synchronous motor by launching IE4 or Super Premium Efficiency synchronous motors for applications in food, beverage, and pharmaceutical industries. similarly, in January 2019, WEG S.A, established partnership with Iberian pork producer located in Badajoz, Spain. According to the partnership agreement WEG S.A has provided a W22 Magnet IE4 electric motors for compressors operation of its new refrigeration unit at the Mafresa facilities for cold production.

Many competitors in IE4 permanent magnet synchronous motors market adopted product launch and partnership as its key developmental strategies to sustain the intense competition and improve their product portfolio. For instance, Kaeser established partnership with a renowned motor manufacturer to develop IE4 motors for next-generation compressor packages. Moreover, in December 2017, Nord Drive Systems expanded its portfolio of smooth-surface permanent-magnet synchronous motor by launching IE4 or super-premium efficiency synchronous motors for applications in food, beverage, and pharmaceutical industries.

Full Report With TOC:-https://www.alliedmarketresearch.com/ie4-permanent-magnet-synchronous-motors-market

[latestmarketblogupdates]

Control Transformer Market - Forecast(2022 - 2027)

Overview

Control Transformer Market is forecast to reach $9.04 billion by 2025, growing at a CAGR 5.67% from 2020 to 2025. Control transformer provides stepped-down voltages to machine tool control devices to separate control circuits from all lighting and power circuits and allow ungrounded or grounded circuits to be worked. The use of control transformer is important for the control devices to work efficiently and safely. With the concern for safety in electrical equipment, the need for control transformers has increased considerably to prevent the equipment from any accidents. Control transformer is expected to play an important role in helping countries achieve their energy-efficiency goals, as energy saving is the primary feature of these devices. Utilities need to boost the efficiency of electricity and eventually increase the quality of power supplied to customers. Control transformer provides a high degree of secondary voltage stability in less time, which is expected to increase market growth over the forecast period of the control transformer.

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Key Takeaways

The need for control transformers has increased with this concern for protection in electrical equipment. These transformers are used to protect the equipment from any incidents. Control transformers are expected to play an important role in helping countries meet their energy efficiency goals, because energy saving is the primary feature of these devices. The three phase dominates the market, due to the need for improved results in different applications. The three-phase Control transformers are used for many general equipment applications in manufacturing, power plants, chemical and other industries. Over 1500 VA transformers are primarily used in heavy-duty industries such as oil & gas, metal & mining, and heavy-duty machinery power generation. Due to industrialization and infrastructural developments in China and India, the Asia Pacific market is projected to hold the largest share of the control transformer market.

By Phase- Segment Analysis

During the forecast period the three phase segment is expected to grow at a CAGR 6.9%. Owing to improved performance in industrial applications compared to the single phase segment, the three-phase segment held the largest share of the control transformer market. The three phase controls the market, owing to the need for better performance in various applications. The three-phase control transformers are used to operate many general equipment in mining, power plants, chemical, and other industries, such as pumps, compressors, crushers, and other mechanical devices.

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By Power Rating - Segment Analysis

500-1000 VA Segment is expected to grow at a higher CAGR 8.2% during the forecast period. The control transformers are designed specifically for industrial applications where electromagnetic components such as relays, solenoids and magnetic motor starters are used. The 500-100 VA Control Transformers are designed to sustain high voltage inputs with efficiency. Basically, these control transformers are used for electrical devices & systems. With today's growing popularity of cost-saving benefits of high-voltage delivery of modern buildings, 500-1000 VA power transformers are projected to increase and this increase is anticipated to help in growth of control transformer market.

By Geography - Segment Analysis

APAC currently dominates the global Control Transformer market with a share of more than 37.2%. Due to industrialization and infrastructural developments in China and India, the Asia Pacific market is projected to hold the largest share of the control transformer market. Power and distribution infrastructure gradation, aging equipment standby, growing heavy industry development, and renewable energy growth are some of the factors driving demand for control transformers in this region. The increasing need to expand and develop the existing transmission and distribution network to meet rising electricity demand is projected to lead to positive growth of the transformers market during the forecast period. Furthermore, evolving Asia-Pacific markets are expanding many prospects for the introduction of wind power capacity in these nations. Asia's offshore wind capacity is expected to rise 20 times to 43 GW, by 2027. Such factors will eventually fuel the growth of the control transformer market.

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Drivers – Control Transformer Market

Need to reduce system failures triggered by frequent spikes in voltage

Electricity dependency and the proliferation of highly sensitive electrical equipment make it important to have reliable, high-quality power sources. Transient flickering and voltage instability are significant causes of system failure and operational disruption. Such interruptions can damage critical power equipment including transformers, switchgears, condensers, overhead lines, inductors. Operational losses of USD 80 billion per annum are sustained in the US due to power interruption. High maintenance and manufacturing costs, production delays, loss of revenue, late deliveries, idle workers and increased spoilage and scrap are among the major effects of voltage instability on operations. In addition, uncontrolled voltage stability can cause damage to sensitive electronic equipment by sudden accidents, long-term damage or industrial process interruptions. Control transformers minimize the possibility of voltage instability and ensure safe and reliable performance of the equipment.

Stability for secondary voltage in less time period

Stability for secondary voltage in less time period is a key factor for the growth of the industrial Control Transformer. It helps in keeping the voltage driving system at a steady level when there is high current. It helps prevent issues like short circuiting and technological problems. Targets for electricity generation, increasing the introduction of emerging technology, increasing clean coal, and a share of renewable energy resources provide enormous opportunities for key players as they are significantly driving the need for control transformer for secondary voltage stability.

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Challenges – Control Transformer Market

Dependent on other Devices for voltage regulation

During the past few years, voltage regulation has become a major control issue, especially at distribution level and for a twofold reason. Voltage control is a function of voltage magnitude difference between a component's sending and receiving ends. The percentage voltage difference between no load and maximum load voltage distribution lines, transmission lines, and transformers is commonly used in power engineering. Control transformers depend upon other devices for voltage regulation which is a major concern and is anticipated to hinder the market growth of control transformer.

Market Landscape Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Control Transformer Market. Control Transformer Market is expected to be dominated by major companies such as ABB, Siemens, Schneider Electric, Emerson Electric Co., Hammond Power Solutions (HPS), Dongan Electric Manufacturing Co., Eaton, GE, Hubbell, Rockwell Automation, Broadman Transformers, MCI Transformers.

Acquisitions/Technology Launches

In October 2016, ABB introduced a free Total Cost of Ownership (TCO) tool to help customers determine loss capitalization factors, and compare different transformer alternatives from the point of view of total cost and environmental impact. In March 2016, ABB launched a new production facility for transformers in Lodz, Poland. The investment's reach was to support ABB's existing transformer manufacturing facilities in Lodz by providing support workers for machine operators and logistics, buying, efficiency, and engineering.

[paullui2002]

Magnetic Drive Pumps Market 2021 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2028

Magnetic Drive Pumps Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Flow Rate (Upto 80 m3/hr, 81–200 m3/hr, 201–500 m3/hr, and Above 500 m3/hr), Material (Polypropylene, Polyvinylidene Fluoride, Stainless Steel, Nickel Alloys, PFA, and ETFE), Application (Chemical Processing, Water Treatment, Surface Treatment, Food Processing, Oil & Gas, and Renewable Energies), and Pump Type (Side Channel Pumps, Centrifugal Pumps, and Others)

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The magnetic drive pumps market is expected to reach US$ 1,584.37 million by 2028 from US$ 933.25 million in 2021; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The overall market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South and Central America. In APAC, the magnetic drive pumps market is growing due to the increasing large-scale industrialization. Countries such as China, South Korea, and Thailand have discovered new oil and gas reserves. Further, China and India have a more significant number of chemical industries. Hence, the consumption of magnetic drive pumps is increasing with the growth of industries in the region. Another reason behind the strong growth of the magnetic drive pumps market over the years is the presence of many market players in the region.

The overall magnetic drive pump market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the magnetic drive pump market. The process also serves the purpose of obtaining an overview and forecast for the magnetic drive pump market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the magnetic drive pump market. IWAKI CO., LTD.; Sundyne, Klaus Union GmbH & Co. KG; Flowserve Corporation; Dickow Pump Company; KSB SE & Co. KGaA; ITT Goulds Pumps; Sulzer Ltd; Finish Thompson, Inc.; OPTIMEX; HERMETIC-Pumpen GmbH; CP Pumpen AG; and CDR Pumps are among the key players operating in the global magnetic drive pumps market.

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[health-views-updates]

eHealth Market Future: Trends, Challenges, and Opportunities

eHealth Market Outlook, Scope & Overview:

Industry reports indicate that the global eHealth market was valued at USD 346.86 billion in 2023 and is projected to reach USD 1330.55 billion by 2031, growing at a CAGR of 18.3% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global eHealth Market

The adoption of advanced eHealth technologies will continue to influence global market revenues. Healthcare providers are increasingly turning to eHealth solutions due to their effectiveness in improving patient outcomes, reducing costs, and enhancing healthcare delivery.

As a service segment, telehealth services currently hold a significant share of the global eHealth market. This segment is anticipated to grow at a year-over-year rate of 18.3% in 2024 over 2023 and reach USD 500 billion in revenues by 2031. A substantial increase in the demand for telehealth services is expected, driven by factors such as increasing internet penetration, advancements in telecommunication technologies, and the rising need for remote healthcare services.

Telehealth Services in eHealth – Market Dynamics

Drivers:

Telehealth services are witnessing significant growth in the global market due to their ability to provide remote healthcare, which is particularly beneficial in rural and underserved areas. The use of advanced technologies and platforms for telehealth has enhanced the accessibility and convenience of healthcare services, driving the demand for these solutions worldwide. Additionally, the growing aging population and the need for continuous monitoring and management of chronic diseases are leading to higher adoption of telehealth services.

Restraints:

Despite the growth potential, challenges such as limited access to high-speed internet in certain regions and the high cost of telehealth infrastructure are hindering the widespread adoption of telehealth services. Moreover, regulatory and privacy concerns regarding patient data security act as barriers to the growth of the telehealth market.

Telehealth Services – Market Outlook

The effective outcomes observed from telehealth services in improving healthcare accessibility and patient engagement have contributed to the market's growth. Telehealth services are projected to witness a steady increase in demand, particularly in developed regions where internet penetration and healthcare infrastructure are more advanced.

Global eHealth Market

The rise in demand for eHealth services in North America, Europe, and Asia Pacific regions is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global eHealth market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing a surge in demand for eHealth services, fueled by increasing adoption of digital health technologies and supportive government initiatives.

Key Players in the eHealth Services Market

Leading companies in the eHealth services market include Teladoc Health, Cerner Corporation, Allscripts Healthcare Solutions, and Philips Healthcare. These companies offer a range of eHealth solutions, including telehealth platforms, electronic health records (EHR) systems, and mobile health applications tailored to individual and institutional needs.

In conclusion, the global eHealth market is poised for substantial growth over the forecast period, driven by technological advancements, increasing awareness, and the growing need for efficient and accessible healthcare solutions.

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[techsciresearch]

Magnetic Drive Pumps Market to Reach USD 1,064.9 Million by 2024 | TechSci Research

Expanding chemical industry coupled with increasing application in food processing industry to drive global magnetic drive pumps market through 2024

According to a report released at TechSci Research, “Global Magnetic Drive Pumps Market, By Flow Rate, By Material, By Application, By Region, Competition, Forecast & Opportunities, 2024” global magnetic drive pumps market is projected reach $ 1,064.9 million by 2024. Anticipated growth in the market can be attributed to factors such as low maintenance cost and lower risk of emission of fluid. Moreover, growing chemical and food processing industries is further likely to steer growth in the market. Magnetic drive pumps are sealless centrifugal pumps in which induced magnetic-field created due to the attraction between drive magnet and the impeller magnet allows the torque of motor to transfer to the pump. These pumps are energy efficient and are widely used in circulating and storing variety of fluids, especially hazardous and corrosive fluids.

Browse 4 market data Tables and 122 Figures spread through 142 Pages and an in-depth TOC on " Global Magnetic Drive Pumps Market "

https://www.techsciresearch.com/report/magnetic-drive-pumps-market/4037.html

Global magnetic drive pumps market is broadly segmented into flow rate, material, application and region. Based on application, the market is categorized into chemical processing, water treatment, surface treatment, and food processing. Among these applications, magnetic drive pumps are majorly used in chemical processing to avoid leakage and emission of toxic liquids and hazardous gases. Chemical processing is expected to maintain its dominance during forecast period as well. Some of the major players in global magnetic drive pumps market are Iwaki Co Ltd, Sundyne LLC., Klaus Union, ITT Goulds Pumps Inc, Flowserve Corporation, Xylem Inc, March Manufacturing, Ruhrpumpen Inc., Kirloskar Brothers Limited, among others.

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Customers can also request for 10% free customization on this report.

“Regionally, global magnetic drive pumps market is segmented as Asia-Pacific, North America, Europe, Middle East & Africa and South America. Among these, Asia-Pacific region is leading the market on account of high growth in chemical and food processing industries in the region. Moreover, increasing usage of magnetic drive pumps in emerging applications such as pharmaceutical and refrigeration is further anticipated to drive demand for Magnetic drive pumps in the region.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Magnetic Drive Pumps Market, By Flow Rate, By Material, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global magnetic drive pumps market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global magnetic drive pumps market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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