Global Axial Flow Pump Market Report and Forecast 2024-2032

Global Axial Flow Pump Market Outlook

The global axial flow pump market stood at a value of around USD 31.60 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.8% to reach USD 48.19 billion by 2032.

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Increasing Demand for High Power Axial Flow Pumps by Various End Use Industries Driving Market Growth

High power axial flow pumps offer great rate of flow and power as compared to its counterparts. In this regard, the heightened application of these pumps in the flood dewatering, water and wastewater, and oil and gas industry, among others is driving the segment’s growth. The increasing inclination towards using axial flow pumps with high power, to accelerate the industrial operation in various end use industries, is anticipated to provide impetus to the segment.

The Asia Pacific Region Accounts for a Noteworthy Segment in the Market for Axial Flow Pumps

The global axial flow pump market in the region is driven by an increasing expansion of the major end user industries of the product including food and beverage and pulp and paper industry. In addition to this, the strong foothold of major pump manufacturers and local suppliers in emerging economies such as India and China, are further providing an impetus to the market. Moreover, the dominating agricultural sector in the region along with the rapid technological advancements and innovation are anticipated to aid the market in coming years.

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Market Segmentation

An axial flow pump, also known as a centrifugal pump, is defined as a rotor driven by motor, which navigates the flow of liquid along the path that is parallel to pump. Crucial components of axial flow pumps include impellers and vanes which pump the liquid. These pumps are extensively applied where the requirements for rate of flows is high, while the pressure is low.

Based on type, the market for axial flow pumps can be bifurcated into:

• Miniwatt

• High Power

By application, the market has been divided into:

• Chemical

• Municipal

• Agriculture

• Food and Beverage

• Pulp and Paper

• Others

The regional markets for the product include North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

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Increasing Applications in the Agriculture Sector to Boost the Growth of the Axial Flow Pumps Market

The rising applications of axial flow pumps in the agriculture industry for proper irrigation and drainage of unwanted water is driving the global axial flow pump market growth. In addition to this, axial flow pumps have the ability to reduce the energy usage, while decreasing the cost of low-lift surface water irrigation, which is a major driving factor of the market. Moreover, the anticipated increase in the demand for energy in the agriculture sector is likely to accelerate the demand for axial flow pumps in the coming years. These pumps are also used in the chemical industry as circulators of liquid in evaporators and crystallisers.

Over the forecast period, the growing research and development activities aimed towards exploring the potential applications of the product in various end use industries are anticipated to propel the market growth. Additionally, the market is likely to be augmented by rising investments in water and wastewater treatment projects, propelling the demand for axial flow pumps in the near future.

Key Players in the Global Axial Flow Pumps Market

The report gives a detailed analysis of the following key players in the global axial flow pump market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Moving Water Industries

• Holland Pump

• Mackwell Pumps & Controls

• Patterson Pump Company

• Flowmore Limited

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report