Overview and Scope
Axial flow pumps, often known as propeller pumps, employ centrifugal force to transfer liquid through an impeller, which generates pump pressure by utilizing fluid momentum and velocity. It is commonly used in dewatering, irrigation process, and fluid circulation in sewage digesters, power plants, and evaporators where high discharge/flow rate and low pressure is required.
Sizing and Forecast
The axial flow pump market size has grown steadily in recent years. It will grow from $32.58 billion in 2023 to $33.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to industrialization and infrastructure development, agricultural expansion, global water scarcity concerns, energy efficiency focus, government initiatives and regulations.
The axial flow pump market size is expected to see steady growth in the next few years. It will grow to $40.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to renewable energy integration, rising focus on sustainable agriculture, water infrastructure investments, smart cities development, climate change adaptation. Major trends in the forecast period include digitalization and iot integration, technological advancements, competitive landscape, environmental considerations, material innovations.
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Segmentation & Regional Insights
The axial flow pump market covered in this report is segmented –
1) By Product Type: Horizontal, Vertical
2) By Application: Water Treatment, Irrigation, Evaporators, Other Applications
3) By End-User: Chemical, Municipal, Pulp And Paper, Agriculture, Food And Beverage, Other End-Users
Asia-Pacific was the largest region in the axial flow pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global axial flow pump market report during the forecast period. The regions covered in the axial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for freshwater is significantly contributing to the growth of the axial flow pump market going forward. Axial flow pumps are used in moving or pumping large volumes of liquid in lesser time from freshwater sources such as rivers, lakes, and wells to treatment plants, irrigation, flood control, and drainage applications at high pressure or the lifting of fluid over a large vertical distance in lesser time by minimizing the turbulence. For instance, in 2023, according to a report published by the Guardian a UK-based daily newspaper company, the demand for freshwater is anticipated to surpass supply by 40% by the end of 2030. Therefore, the rising demand for freshwater will drive the axial flow pump market.
Key Industry Players
Major companies operating in the axial flow pump market report are Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Hitachi Industrial Products Ltd., ITT Goulds Pumps, Pentair PLC, Sulzer Ltd., The Weir Group PLC, Xylem Inc., Franklin Electric Co. Inc., Kubota Group, Torishima Pump Manufacturing Co Ltd., Hayward Tyler, Peerless Pump Company, KSB SE & Co. KGaA, Sintech Precision Products Ltd., Moving Water Industries, Holland Pump Company, Patterson Pump Company, Emile Egger & Cie SA, Flowmore Limited, Huayang Intelligent Pumps, Ruthman Companies, Hebei Zidong Pump Industry Co. Ltd., Thomas & Associates, Brehnor Pumps (Pty) Ltd., PumpWrxs & Controls, JeffPro Fluid Solutions – Pumps and Packaged Pump Systems, Handol Pumps Limited, Shanghai Pacific Pump Manufacture (Group) Co. Ltd., Bellflo Engineering Corporation Pte. Ltd., Jiangsu Suhua Pump Co. Ltd., Liancheng Group
The axial flow pump market report table of contents includes:
1. Executive Summary
2. Axial Flow Pump Market Characteristics
3. Axial Flow Pump Market Trends And Strategies
4. Axial Flow Pump Market – Macro Economic Scenario
5. Global Axial Flow Pump Market Size and Growth
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31. Global Axial Flow Pump Market Competitive Benchmarking
32. Global Axial Flow Pump Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Axial Flow Pump Market
34. Axial Flow Pump Market Future Outlook and Potential Analysis
35. Appendix
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