PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1574941
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1574941
Mixed Flow Pump Market size was valued at USD 9,489.09 Million in 2023, expanding at a CAGR of 4.90% from 2024 to 2032.
A mixed flow pump is a type of centrifugal pump that combines characteristics of both axial flow and radial flow pumps. The design allows the liquid to enter the impeller axially and then be pushed out in a direction that is part radial and part axial. Because of this combination of flows, mixed flow pumps are particularly effective in applications where a medium flow rate and medium head (pressure) are required.
Mixed Flow Pump Market- Market Dynamics
Growing demand from agriculture & irrigation and wastewater management application is expected to propel market demand
The agriculture sector is one of the primary users of mixed flow pumps, particularly in irrigation systems. As agricultural production increases to meet the growing food demand, the need for efficient water management and irrigation infrastructure is driving the adoption of mixed flow pumps. Government initiatives to enhance irrigation facilities, especially in regions prone to droughts or water scarcity, are further propelling market growth. Also, mixed flow pumps are used in various industrial applications, including cooling water systems, chemical processing, and power generation. The need for energy-efficient and reliable pump solutions in industries is driving demand.
The growing focus on sustainable water management and the need to upgrade old water infrastructure are major drivers for the mixed flow pump market. Increasing concerns about water scarcity, along with stringent environmental regulations, encourage investment in more efficient and versatile pumping systems like mixed flow pumps. Mixed flow pumps are often preferred for their balance between flow rate and head, leading to improved energy efficiency. With increasing emphasis on reducing energy consumption and minimizing operational costs, the demand for energy-efficient pumps is growing. These market drivers highlight the diverse range of applications and factors influencing the growth.
Mixed 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 4.90% over the forecast period (2024-2032)
Based on Type segmentation, the single stage segment was predicted to show maximum market share in the year 2023, owing to its ease of maintenance.
Based on Application segmentation, the water & wastewater segment was the leading Application segment in 2023, due to the high need for wastewater management.
Based on End User segmentation, agriculture segment was the leading End User segment in 2023, due to increasing demand from irrigation & water needs.
On the basis of region, Asia Pacific was the leading revenue generator in 2023, due to the high demand from agriculture and construction sectors.
The Global Mixed Flow Pump Market is segmented on the basis of Type, Application, End User, and Region.
The market is divided into two categories based on Type: single stage and multistage. The single-stage segment dominates the market. The ease of maintenance & cost-effectiveness is boosting demand for single stage pumps.
The market is divided into four categories based on Application: water & wastewater, power generation, irrigation, and others. The water & wastewater segment dominates the market. The rapid urban developments are boosting the need for wastewater management thereby contributing to segment growth.
The market is divided into five categories based on End User: agriculture, construction, oil & gas, chemical, and others. The agriculture segment dominates the market and is expected to maintain its high dominance during the forecast period. The need for water distribution at agriculture land, and adequate water supply is attained by mixed flow pumps, boosting market demand.
Mixed Flow Pump Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is the largest revenue market. The Asia-Pacific region is witnessing rapid growth due to urbanization, infrastructure development, and industrial expansion. The growing demand for water supply, irrigation, and flood control in countries like China, India, and Southeast Asian nations is significantly contributing to market expansion. The Middle East and Africa region has a high demand for mixed flow pumps for water management and agricultural irrigation due to its arid climate. Thus, the need for effective water distribution and sewage systems is also driving demand.
The mixed flow pump market is moderately fragmented, with a mix of multinational corporations and regional players competing in the global market. Companies are investing in R&D to develop high-efficiency mixed flow pumps that offer better energy savings, improved performance, and lower lifecycle costs. Additionally, companies are developing eco-friendly pumps that minimize environmental impact and comply with energy efficiency standards. Increasing adoption of smart and IoT-enabled pumps with features like remote monitoring, predictive maintenance, and energy optimization is also promoting companies' interest in the market.
In 2022, Grundfos Holding A/S increased its production facility in Serbia to expand their business supply chain in European market.
In 2023, Xylem invested in digital technology and energy-efficient product development to cater to the demand for sustainable water management solutions.