Magnetic Drive Pump Market Size, Share, Growth Forecast 2032

Global Magnetic Drive Pump Market Size is expected to reach USD 2198.4 million by 2032, at a CAGR of 7.2% during the forecast period 2022 to 2032. Magnetic drive pumps, commonly referred to as magnetically linked pumps, are distinct from conventional pumps. Instead of being directly mechanically driven by a shaft, the fluid-pumping impeller of these pumps is driven by magnets. They operate using a driving magnet, which does not require shaft sealing