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Forecasts indicate that the worldwide axial flow pump market, which was valued at $27.24 billion in 2023, will expand to $42.13 billion by 2031, a 6.4% compound annual growth rate.
Within the housing of an axial flow pump is a propeller-type impeller, distinguishing it from other positive displacement pumps. Fluids passing through an axial flow pump's impeller experience centrifugal force. A direction perpendicular to the pump shaft is the one in which the fluid is displaced. Even with low-pressure heads, these pumps can provide high-volume flow rates. Historically, these pumps have also been utilized to remove water from areas inundated by natural disasters such as floods.
Applications necessitating low pressures and high flow rates might make use of the axial flow. Fluid circulation in evaporators, sewage digesters, and power plants is mostly accomplished by axial flow pumps. The axial flow pump industry is also significant in the irrigation and fishing industries. During the specified forecast period, axial flow pumps will continue to see growth due to their reduced aerodynamic losses, higher stage efficiencies, short blade lengths, compact dimensions, and ease of handling.
Sewage treatment plants, irrigation systems, and flood control systems all make use of axial flow pumps. These pumps are used in the agricultural industry to transfer water from storage tanks to the field and to drain the field of any excess or undesirable water. Further applications include municipal water treatment, where it facilitates the transportation of treated water and other fluids to various reservoirs and conveyer systems.
The expansion of the axial flow pump industry is anticipated to be propelled by these elements. The global axial flow pumps market is expanding due to their many benefits, such as a high low rate with minimal pressure requirement, an improved discharge rate with relatively low head velocity, and the ability to be adjusted for efficient operation with little aerodynamic loss. Taken together, these factors drive up the demand for axial flow pumps, which in turn boosts the growth of the global market.
Refining industry demand for axial flow pumps has dropped due to falling consumer income and travel constraints. The US Bureau of Labor Statistics said that in March 2020, global oil demand decreased by 3 million barrels per day due to transportation restrictions and lockdowns. In addition, the demand-supply cycle of axial flow pumps has been hindered in the COVID-19 scenario since about 180 nations have temporarily prohibited the sale of excess products. Regardless, the axial flow pump market has remained dominant during the COVID-19 crisis due to demand from several sectors, including agricultural and food processing.
A unique worldwide pandemic, the new coronavirus has devastated economies and claimed the lives of people in more than 180 countries. Since the axial flow pump industry is highly dependent on the chemical, petrochemical, and fishery industries, it has been severely affected by the COVID-19 pandemic's aftermath. Production in the chemical industry fell 20% from March 2019 to March 2020, while earnings fell 66%, according to a data published by the National Bureau of Statistics of China.
Concerns about the spread of infectious diseases among employees have caused the closure or reduction in operations of a number of chemical manufacturing companies that rely on axial flow pumps to transfer massive volumes of liquid to evaporators, crystallizers, and other machinery. As a result, during the COVID-19 era, axial flow pump demand has been temporarily hindered.
Report Coverage
Global Axial Flow Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Axial Flow Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Axial Flow Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Axial Flow Pump market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Axial Flow Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Axial Flow Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Handol Pumps Limited, Xylem Inc., Ebara Corporation, .Sulzer Ltd, Grundfos Holding A/S, The Weir Group PLC, Flowserve Corporation, Pentair PLC, Hitachi Industrial Products, Ltd., ITT Goulds Pumps
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Axial Flow Pump market based on the below-mentioned segments:
Global Axial Flow Pump Market, By Product Type
Horizontal
Vertical
Global Axial Flow Pump market, By Application
Water Treatment
Irrigation
Evaporators
Others
Global Axial Flow Pump Market, By End User
Chemical
Municipal
Pulp & Paper
Agriculture
Food & Beverage
Others
Global Axial Flow Pump market, Regional Analysis
Within the housing of an axial flow pump is a propeller-type impeller, distinguishing it from other positive displacement pumps. Fluids passing through an axial flow pump's impeller experience centrifugal force. A direction perpendicular to the pump shaft is the one in which the fluid is displaced. Even with low-pressure heads, these pumps can provide high-volume flow rates. Historically, these pumps have also been utilized to remove water from areas inundated by natural disasters such as floods.
Applications necessitating low pressures and high flow rates might make use of the axial flow. Fluid circulation in evaporators, sewage digesters, and power plants is mostly accomplished by axial flow pumps. The axial flow pump industry is also significant in the irrigation and fishing industries. During the specified forecast period, axial flow pumps will continue to see growth due to their reduced aerodynamic losses, higher stage efficiencies, short blade lengths, compact dimensions, and ease of handling.
Sewage treatment plants, irrigation systems, and flood control systems all make use of axial flow pumps. These pumps are used in the agricultural industry to transfer water from storage tanks to the field and to drain the field of any excess or undesirable water. Further applications include municipal water treatment, where it facilitates the transportation of treated water and other fluids to various reservoirs and conveyer systems.
The expansion of the axial flow pump industry is anticipated to be propelled by these elements. The global axial flow pumps market is expanding due to their many benefits, such as a high low rate with minimal pressure requirement, an improved discharge rate with relatively low head velocity, and the ability to be adjusted for efficient operation with little aerodynamic loss. Taken together, these factors drive up the demand for axial flow pumps, which in turn boosts the growth of the global market.
Refining industry demand for axial flow pumps has dropped due to falling consumer income and travel constraints. The US Bureau of Labor Statistics said that in March 2020, global oil demand decreased by 3 million barrels per day due to transportation restrictions and lockdowns. In addition, the demand-supply cycle of axial flow pumps has been hindered in the COVID-19 scenario since about 180 nations have temporarily prohibited the sale of excess products. Regardless, the axial flow pump market has remained dominant during the COVID-19 crisis due to demand from several sectors, including agricultural and food processing.
A unique worldwide pandemic, the new coronavirus has devastated economies and claimed the lives of people in more than 180 countries. Since the axial flow pump industry is highly dependent on the chemical, petrochemical, and fishery industries, it has been severely affected by the COVID-19 pandemic's aftermath. Production in the chemical industry fell 20% from March 2019 to March 2020, while earnings fell 66%, according to a data published by the National Bureau of Statistics of China.
Concerns about the spread of infectious diseases among employees have caused the closure or reduction in operations of a number of chemical manufacturing companies that rely on axial flow pumps to transfer massive volumes of liquid to evaporators, crystallizers, and other machinery. As a result, during the COVID-19 era, axial flow pump demand has been temporarily hindered.
Report Coverage
Global Axial Flow Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Axial Flow Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Axial Flow Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Axial Flow Pump market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Handol Pumps Limited, Xylem Inc., Ebara Corporation, .Sulzer Ltd, Grundfos Holding A/S, The Weir Group PLC, Flowserve Corporation, Pentair PLC, Hitachi Industrial Products, Ltd., ITT Goulds Pumps |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Axial Flow Pump Market from 2021 to 2031.
- Market Forecast for Axial Flow Pump Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Axial Flow Pump competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Axial Flow Pump
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Axial Flow Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Axial Flow Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Handol Pumps Limited, Xylem Inc., Ebara Corporation, .Sulzer Ltd, Grundfos Holding A/S, The Weir Group PLC, Flowserve Corporation, Pentair PLC, Hitachi Industrial Products, Ltd., ITT Goulds Pumps
Primary Target Market
- Market Players of Axial Flow Pump
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Axial Flow Pump market based on the below-mentioned segments:
Global Axial Flow Pump Market, By Product Type
Horizontal
Vertical
Global Axial Flow Pump market, By Application
Water Treatment
Irrigation
Evaporators
Others
Global Axial Flow Pump Market, By End User
Chemical
Municipal
Pulp & Paper
Agriculture
Food & Beverage
Others
Global Axial Flow Pump market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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