https://www.magicmag-tech.com/The-market-for-magnetic-couplings-continues-to-grow-and-is-widely-used-in-severa.html
Here is a detailed analysis of the magnetic coupling market:
I. Market Scale and Growth
1. Global Market:
In 2023, the global market for magnetically coupled mixers (a form of application of magnetic couplings) reached $418 million.
The global magnetic coupling mixer market size is expected to reach USD 840 million by 2030, growing at a CAGR of 10.6% (2024-2030).
Another report predicts that the global magnetic coupling mixer market size will reach $770 million by 2029, growing at a CAGR of 10.6% over the next few years.
2. Chinese Market:
As the largest producer and consumer of magnetic application equipment, including magnetic couplings, the Chinese market accounts for nearly 40% of the global market.
In 2022, China's magnetic application equipment market size was approximately US$484 million and is expected to reach US$642 million by 2027, with a CAGR of 5.80%.
II. Fields of Application
Magnetic couplings are widely used in the following areas due to their leak-free, low-maintenance and high safety:
Chemical and pharmaceutical: Magnetic couplings are widely used in chemical and pharmaceutical processes because they can achieve hermetically sealed transmission and avoid media leakage and cross-contamination due to mechanical seal damage.
Food and beverages: The sealing performance of the magnetic coupling can avoid product contamination and ensure the hygiene and safety of food and beverages.
Energy and environmental protection: The magnetic coupling can be transmitted without contact, reducing the energy loss during the transmission process, thereby improving energy efficiency and reducing environmental pollution.
Other fields: Magnetic couplers are also used in non-ferrous metals, steel, environmental protection, materials and other industries.
III. Market Competition
The major players in the global magnetic coupling mixer market include Alfa Laval, SPX Flow, ZETA GmbH, Metenova, and others, which hold a large market share.
IV. Market Drive Factors
The development needs of downstream industries: With the continuous development of magnetic application technology, the application field of magnetic couplers is gradually broadening, and the demand of downstream industries is increasing.
Innovation of new technologies, new materials and new processes: The emergence of new materials such as high-performance NdFeB permanent magnet materials and the application of new technologies have improved the performance and reliability of magnetic couplers.
Promotion of environmental protection policy: With the improvement of global environmental awareness, the application of magnetic coupling in waste treatment, resource recovery and other fields has been promoted because of its non-leakage characteristics.
To sum up, the magnetic coupler market has broad development prospects and huge market potential.
https://www.magicmag-tech.com/The-market-for-magnetic-couplings-continues-to-grow-and-is-widely-used
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