Axial Flow Pump Market Size, Share, Growth Analysis, By Product(Horizontal, Vertical), By Type(Miniwatt, High Power), By Configuration(Single stage, Multi stage), By End Use(Chemical, Agriculture) - Industry Forecast 2024-2031

Global Axial Flow Pump Market size was valued at USD 29.83 billion in 2022 and is poised to grow from USD 31.14 billion in 2023 to USD 43.95 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031).

The global axial flow pump market is experiencing strong growth, playing a pivotal role across various industries requiring efficient fluid transportation. Also referred to as propeller pumps, these devices are tailored to move fluid parallel to the pump shaft, proving ideal for high flow rates and low head needs. A major driving force behind this market surge is the expanding agricultural sector, where axial flow pumps are extensively used in irrigation systems, aiding farmers in water distribution optimization and enhancing crop yields. Additionally, the water and wastewater industry heavily relies on these pumps for the efficient movement of wastewater, stormwater, and raw water, fostering demand globally. Moreover, the surge in construction and infrastructure projects, especially in emerging economies, has fueled the need for axial flow pumps for dewatering and flood control, owing to their capacity to handle large water volumes at low lift heights. In the energy sector, these pumps are indispensable in cooling systems for various power generation plants, ensuring smooth operations due to their efficiency and reliability.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Axial Flow Pump Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Axial Flow Pump Market Segmental Analysis

The global axial flow pump market is segmented based on the product, type, configuration, end Use and region. By product, the market is segmented into horizontal and vertical. By type, the market is segmented into Mini watt and high-power. By configuration, the market is segmented into singlestage and multistage. By end use, the market is segmented into chemical, agriculture, water & wastewater, power generation, oil & gas, construction & building services, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Axial Flow Pump Market

The increasing need for enhanced water management and infrastructure development, encompassing irrigation, flood control, and wastewater treatment, significantly propels the axial glide pump market forward. With ongoing urbanization and climate change leading to heightened occurrences of extreme weather events, there arises a heightened requirement for effective water conveyance and management systems. Axial glide pumps, well-adapted for large-scale water movement, emerge as vital components in addressing these challenges and facilitating such initiatives.

Restraints in the Global Axial Flow Pump Market

One of the main limitations of axial float pumps lies in their significant electricity consumption, particularly notable in high-float, low-head applications where they operate continuously. With increasing emphasis on energy efficiency and environmental concerns, there is mounting pressure from both end-users and regulators for manufacturers to innovate towards more energy-efficient axial float pumps or explore alternative technologies.

Market Trends of the Global Axial Flow Pump Market

A notable trend within the axial flow pump industry is the rising demand for these pumps in water and wastewater treatment. With population growth, ongoing urbanization, and industrial expansion, the necessity for efficient water distribution and wastewater handling systems has surged. Axial flow pumps are particularly suitable for tasks such as flood control, drainage, irrigation, and sewage treatment, given their capacity to move substantial water volumes at low head pressures. Governments and municipalities worldwide have been investing in infrastructure initiatives to enhance water management, thereby fueling the demand for axial flow pumps.