What Has Been the Progress and Growth of the Axial Flow Pump Market in Recent Years?
The axial flow pump market has seen considerable growth due to a variety of factors.
•In recent times, the axial flow pump market has shown a steady increase in size. It is projected to increase from a market worth of $33.68 billion in 2024 to $35.14 billion in 2025, asserting a compound annual growth rate (CAGR) of 4.3%.
The growth during this historical period can be credited to causes such as industrialization and infrastructure progression, expansion in agriculture, worldwide concerns over water scarcity, emphasis on energy proficiency, and the impact of government interventions and regulatory norms.
What Can Be Expected from the Axial Flow Pump Market in the Coming Years?
The axial flow pump market is expected to maintain its strong growth trajectory in upcoming years.
• Robust expansion is predicted in the axial flow pump market in the upcoming years, with its size anticipated to reach "$43.06 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.2%.
In the forecast period, the growth can be linked with the amalgamation of renewable energy, emphasis on sustainable agriculture, investments in water infrastructure, smart cities' development, and adjustments to climate change. Notable trends during this forecast period are digitalization and IoT integration, technological improvements, a competitive environment, environmental considerations, and material advancements.
What Main Forces Are Fueling Expansion In The Axial Flow Pump Market?
The increasing need for freshwater significantly aids in the advancement of the axial flow pump industry. By minimizing turbulence, these pumps are employed to transfer vast volumes of liquid quickly from freshwater bases like rivers, lakes, and wells to treatment facilities, irrigation, flood control, and drainage applications with high pressure or the elevation of fluid over a substantial vertical distance in a shorter time period. For instance, a forecast in 2023 by The Guardian, a UK newspaper, anticipated that freshwater demand will exceed supply by 40% by 2030. Hence, this growing need for freshwater will act as a catalyst for the axial flow pump market.
What Are The Primary Segments In The Global Axial Flow Pump Market?
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
Subsegments:
1) By Horizontal Axial Flow Pumps: Single Stage, Multi-Stage
2) By Vertical Axial Flow Pumps: In-Line Vertical Pumps, Submersible Vertical Pumps
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Which Key Trends Are Driving Changes In The Axial Flow Pump Market?
The growing trend in the axial flow pump market is focused on technological innovation. The top companies in this market are prioritizing the creation of new axial flow pump models that offer increased durability and corrosion resistance. As an example, the Indiana-based company, Baker Hughes, which specializes in axial flow pumps and energy technology, introduced a pioneering technology known as PythonPipe in November 2023. designed to hasten the installation process, reduce time to first production, and minimize lifecycle emissions. Compliant with API 15s regulations, the PythonPipe portfolio contains a flexible, non-metallic RTP selection, in a variety of sizes, materials, and lining options, providing up to 60% reduction in installation time while costing only 20% of equivalent steel installations. PythonPipe also promotes efficiency and sustainability by reducing carbon emissions by up to 75% over its lifecycle, decreasing maintenance by up to 80%, and requiring 60% less workforce.
Who Are the Key Players in the Axial Flow Pump Market?
Major companies operating in the axial flow pump market include:
• 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
What Is The Most Dominant Region In The Axial Flow Pump Market?
Asia-Pacific was the largest region in the axial flow pump market in 2024.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
