PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454130
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454130
Axial Flow Pump Market size was valued at USD 4,120.90 Million in 2023, expanding at a CAGR of 4.10% from 2024 to 2032.
Axial flow pumps, also referred to as elbow or propeller pumps, are utilized in applications that require high flow rates and low pressure. Sulzer provides a comprehensive selection of axial flow pumps, both horizontal and vertical, designed specifically to handle challenging pumping conditions. These pumps are ideal for promoting the flow of incompressible fluids and are capable of handling large volume flows at relatively low delivery heads. Similar to other centrifugal pumps, the energy transmission in axial flow pumps is solely achieved through flow-related processes. The specific design and functional features of axial flow pumps are influenced by their predetermined installation location and the type of liquid being pumped. Different installation types can be implemented for pumps within the same model range, while maintaining consistent hydraulic characteristics and pumping performance.
Axial Flow Pump Market- Market Dynamics
Rising investments in wastewater treatment facilities is anticipated to propel the market growth
The increasing investments in wastewater treatment facilities, fueled by urbanization, industrialization, and escalating environmental concerns, create a substantial opening for the Axial Flow Pump industry. Axial flow pumps are widely utilized in wastewater treatment plants for tasks such as pumping raw sewage, stormwater, and effluent. As per the United States Environmental Protection Agency (US EPA) approximations, there are around 23,000 to 75,000 sanitary sewer overflows annually. An projected 3 billion to 10 billion gallons of raw waste is discharged from sewage action plants each year. Ongoing progress in pump technology, which includes the innovation of more effective designs and materials, provides opportunities to improve the efficiency and dependability of axial flow pumps. Nevertheless, the high initial investment could impede market growth.
Axial Flow Pump Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.10% over the forecast period (2024-2032)
Based on product type segmentation, Horizontal was predicted to show maximum market share in the year 2023
Based on application segmentation, irrigation was the leading type in 2023
Based on End-User segmentation, Agriculture was the leading type in 2023
On the basis of region, Asia pacific was the leading revenue generator in 2023
The Global Axial Flow Pump Market is segmented on the basis of Product Type, Application, End-User, and Region.
The market is segmented into two groups according to the type of product: Vertical and Horizontal. Horizontal holds the majority share in the market. Horizontal axial flow pumps have a significant impact on different water management applications such as irrigation, flood control, aquaculture, and water transfer. Their horizontal orientation, along with their efficient hydraulic design and customizable features, makes them highly suitable for a diverse range of horizontal pumping applications in the agricultural, industrial, and municipal sectors.
The market is categorized into three segments according to its application: Irrigation, Water Treatment, Evaporators, and Others. The dominant sector in the market is irrigation. The axial flow pump market plays a crucial role in facilitating efficient and sustainable irrigation practices in agriculture. Axial flow pumps are widely utilized for transferring water from various sources like rivers, lakes, reservoirs, or wells to irrigation networks.
The market is segmented into five categories according to End-User: Municipal, Chemical, and Pulp & Paper, Agriculture, Food & Beverages, and Others. The Agriculture sector holds the largest share in the market. Axial flow pumps are essential in contemporary agriculture as they offer dependable water management solutions for irrigation, drainage, flood control, aquaculture, and dewatering purposes.
Axial Flow Pump Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. The Asia Pacific region holds a dominant position in the market, attributed to the rapid urbanization and industrialization trends. The Asia-Pacific region is witnessing a surge in urbanization, leading to an increased need for water and wastewater management systems, flood control measures, and irrigation projects. Axial flow pumps are crucial in these infrastructure advancements, creating substantial growth opportunities for the market. China's urbanization rate of permanent residents reached 64.72 percent in 2021, as reported by the country's top economic planner. Following Asia Pacific, Europe and North America are projected to be the second-largest regions driving market growth, driven by rising product demand and significant investments in the manufacturing sector.
Companies in the axial flow pump market are engaged in fierce competition to enhance their products with cutting-edge technologies in order to boost efficiency, reliability, and overall performance. This market competition involves various aspects such as technological advancements, unique product offerings, competitive pricing, and exceptional customer service, adherence to regulations, forming strategic alliances, and promoting sustainability. Sustained focus on research and development, expanding market reach, and prioritizing customer needs are crucial for companies to stay competitive and thrive in this rapidly evolving market landscape.
Atlas Copco Portable Energy has broadened its product range for the dewatering sector by introducing more than 30 novel high-capacity heavy-duty, pumps. This expansion involves the incorporation of three high-flow models into its PAS series of centrifugal dry prime pumps. These latest pumps have the capability to handle flows of up to 1400 cubic meters per hour.
The Cereal Systems Initiative for South Asia (CSISA), supported by USAID and Feed the Future, is dedicated to addressing the issue of expensive and fuel-inefficient irrigation methods utilized by smallholder farmers in Bangladesh.
GLOBAL AXIAL FLOW PUMP MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ebara Corporation
Atlas Copco
Grundfos Holding A/S
Xylem Inc.
Flowserve Corporation
KSB SE & Co. KGaA
Sulzer Ltd.
Handol Pumps Limited
ITT Goulds Pumps
Hitachi Industrial Products Ltd.
Pentair PLC,
The Weir Group PLC.
Others