The global axial flow pump market size is expected to reach of around US$ 55 Bn by 2027 and is anticipated to grow at a CAGR of around 9% in terms of revenue during the forecast period 2020 – 2027.
The axial pump, also recognized as the propeller pump, is a type of diffusive pump, which requires a piston that pushes the fluid pivotally around a shaft. Small release weights and high stream speeds are provided in axial pumps. They are commonly used for water flow in dewatering applications, energy plants, and composites for large volumes of liquids. They are also used in civil, commercial and urban wastewater treatment.
The report provides analysis of global Axial Flow Pump market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2018 is considered as the base year.
The worldwide need for axial flow pumps is projected to grow considerably as the demand for water & sanitation, gasoline, gas, food & beverage and others is growing. Factors such as higher investment in water and sanitation and rising demand for fossil fuel are projected to drive a rise in the industry. Adequate wastewater treatment facilities would be needed for the exponential development of residential and urban commercial buildings. In each area, segregated from sewage waste, the gap between freshwater sources and residential zones is preserved. As a result, municipal officials are anticipated to invest heavily in pumping alternatives to ensure a coherent supply of water throughout their homes. The growth of cities is projected to play a major role in meeting commodity requirements through the forecast period.
North America is expected to remain dominant region amid the projected timeframe conducted by a robust investment climate, especially in water treatment plants. The US is expected to have a significant portion of the global demand for axial flow pumps, with big mining operations onshore and off shore mostly in the oil and gas sector. This allows the axial flow pump demand slope to be higher. The rising energy demand and exploratory activities have been driving the growth of North America and the Europe region's global axial flow pump industry. In addition, the expanding chemical and power plants industries have powered business growth. On the other hand, Asia Pacific is projected to grow significantly during the forecast time span. China and India has a lofty demand for axial flow pump due to vast population, and thus they are the leading countries on the market of axial flow pumps.
The market research study on “Axial Flow Pump Market (By Type: Miniwatt, High Power; Axial Flow Pump Market By Application: Food & Beverages, Chemical, Petroleum, Water & Wastewater, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Axial Flow Pump market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global Axial Flow Pump market, its type, application, and major geographic regions. The report covers global Axial Flow Pump market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Axial Flow Pump market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Axial Flow Pump market is segmented as below:
Axial Flow Pump Market By Type
Axial Flow Pump Market By Application
Axial Flow Pump Market By Geography
Middle East & Africa
Major players include in this report are Grundos Holding A/S, Xylem Inc, Ebara Corporation, S KSB SE & Co. KGaA, ulxer AG, Pentair Plc, ITT Inc, and Others.
These businesses have a wide range of products, a large network of distribution and a high degree of organizational efficiency. In recent years, major players in the industry have invested extensively in research and development initiatives, contributing to the production of a range of new goods that can be found in the sector.
The axial pumps are commonly used for water flow in dewatering applications, energy plants, and composites for large volumes of liquids. They are also used in civil, commercial and urban wastewater treatment.
Growing demand from multiple applications is a key market driver.
The market value of axial flow pump is anticipated to be worth around US$ 55 Bn in 2027.
The axial flow pump market is anticipated to grow around 9% CAGR amid the forecast period.
North America held maximum share in 2019 led by the US.
Asia Pacific is projected to grow at a fast pace during forecast period.
Major players include in the axial flow pump market report are Grundos Holding A/S, Xylem Inc, Ebara Corporation, S KSB SE & Co. KGaA, ulxer AG, Pentair Plc, ITT Inc, and Others.