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Global Axial Flow Pump Market Share, Trends, Analysis, Research: By Type: Miniwatt, High Power; By End-Use: Chemical, Municipal, Agriculture, Food and Beverage, Pulp and Paper, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028
Global Axial Flow Pump Market Outlook
The global axial flow pump market stood at a value of around USD 28.77 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.80% to reach USD 37.04 billion by 2027.
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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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Axial Flow Pump Market Analysis
8.1 Key Industry Highlights
8.2 Global Axial Flow Pump Historical Market (2018-2022)
8.3 Global Axial Flow Pump Market Forecast (2023-2028)
8.4 Global Axial Flow Pump Market by Type
8.4.1 Miniwatt
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 High Power
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Axial Flow Pump Market by End-Use
8.5.1 Chemical
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Municipal
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Agriculture
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Food and Beverage
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Pulp and Paper
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Axial Flow Pump Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Axial Flow Pump Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Axial Flow Pump Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Axial Flow Pump Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Axial Flow Pump Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Axial Flow Pump Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Moving Water Industries
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Holland Pump
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mackwell Pumps & Controls
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Patterson Pump Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Flowmore Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Axial Flow Pump Market: Key Industry Highlights, 2018 and 2028
2. Global Axial Flow Pump Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Axial Flow Pump Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Axial Flow Pump Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Axial Flow Pump Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Axial Flow Pump Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Axial Flow Pump Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Axial Flow Pump Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Axial Flow Pump Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Axial Flow Pump Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Axial Flow Pump Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Axial Flow Pump Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Axial Flow Pump Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Axial Flow Pump Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Axial Flow Pump Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Axial Flow Pump Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Axial Flow Pump Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Axial Flow Pump Market Structure.
Key Questions Answered in the Report
In 2021, the global market attained a value of nearly USD 28.77 billion.
The market is estimated to grow at a CAGR of 4.80% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 37.04 billion by 2027.
The major regions in the industry are North America, Latin America, Middle East, Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of the pumps in the agriculture industry, growing need to reduce the energy costs in various end use industries, and growing research and development activities aimed towards exploring potential applications of the product.
The increasing investments in water and wastewater treatment projects in the emerging economies are likely to be the key trends in the market.
Miniwatt and high power are the are the different disease types based on which the market has been divided.
Chemical, municipal, agriculture, food and beverage, and pulp and paper, among others is the segmentation of market based on application.
The major players in the industry are Moving Water Industries, Holland Pump, Mackwell Pumps & Controls, Patterson Pump Company, and Flowmore Limited, among others.
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