Axial Flow Pump Global Market Report 2024

Description

“Axial Flow Pump Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on axial flow pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
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Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for axial flow pump? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The axial flow pump market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Ebara Corporation; Flowserve Corporation; Grundfos Holding A/S; Hitachi Industrial Products Ltd.; ITT Goulds Pumps
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Axial flow pumps, often referred to as propeller pumps, utilize centrifugal force through an impeller to propel liquids. This process generates pump pressure by harnessing the momentum and velocity of the fluid. They find widespread use in dewatering, irrigation processes, and fluid circulation in applications such as sewage digesters, power plants, and evaporators, where there's a requirement for high discharge or flow rates at relatively low pressure levels.

The primary types of axial flow pumps include horizontal and vertical configurations. Horizontal axial flow pumps feature a rotational axis positioned horizontally and are commonly utilized in applications such as irrigation, flood control, and drainage, where high flow rates are needed at low heads. These pumps are extensively applied in water treatment, irrigation systems, evaporators, and various industries including chemical, municipal services, pulp and paper production, agriculture, food and beverage, among others.

The axial flow pump market research report is one of a series of new reports from The Business Research Company that provides axial flow pump market statistics, including axial flow pump industry global market size, regional shares, competitors with an axial flow pump market share, detailed axial flow pump market segments, market trends and opportunities, and any further data you may need to thrive in the axial flow pump industry. This axial flow pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The axial flow pump market size has grown steadily in recent years. It will grow from $32.58 billion in 2023 to $33.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth observed in the historical period can be attributed to several factors, including rapid industrialization and concurrent infrastructure development, expansions in agricultural practices, increasing global concerns regarding water scarcity, a growing emphasis on energy efficiency measures, and governmental initiatives and regulations aimed at addressing these challenges.

The axial flow pump market size is expected to see steady growth in the next few years. It will grow to $40.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period is expected to stem from various factors, including the integration of renewable energy sources, heightened attention towards sustainable agricultural practices, increased investments in water infrastructure, the development of smart cities, and efforts focused on adapting to the impacts of climate change.

The escalating demand for freshwater is a significant driver fueling the growth of the axial flow pump market. These pumps are instrumental in swiftly moving large volumes of water from sources such as rivers, lakes, and wells to treatment plants, irrigation, flood control, and drainage systems. The growing demand for freshwater is expected to outpace supply by 40% by 2030, as per a 2023 report by The Guardian, necessitating efficient water movement systems. Consequently, this increasing need for freshwater is poised to propel the axial flow pump market.

The increasing demand for hydropower generation is set to bolster the growth of the axial flow pump market. Axial flow pumps play a pivotal role in water transportation and control systems within hydropower facilities, enhancing the efficiency, reliability, and flexibility of energy generated from hydropower sources. According to the International Energy Agency's July 2023 report, global hydropower output surged by over 70 TWh (nearly 2%), reaching 4,300 TWh in 2022. Hence, the rising demand for hydropower generation significantly drives the axial flow pump market.

The burgeoning oil and gas sector is expected to propel the axial flow pump market's growth. These pumps, known for their high flow rates, are invaluable in transporting large liquid quantities, making them essential assets in the diversified operations of the oil and gas sector. For instance, data from the Energy Information Administration in May 2023 revealed a 5.6% increase in crude oil production in the United States in 2022, reaching 0.6 million b/d. Additionally, in December 2022, US dry natural gas production surpassed 100 Bcf/d, marking record-breaking figures pre-pandemic. Therefore, the expanding oil and gas sector is a key driver behind the growth of the axial flow pump market.

Technological innovation stands out as a prominent trend in the axial flow pump market. Companies in this sector are intensively focused on developing corrosion-resistant and durable axial flow pump variants. For example, Baker Hughes Company introduced the Python Pipe portfolio in November 2023, a cutting-edge reinforced thermoplastic pipe (RTP) technology. PythonPipe offers quicker installation, reduced time to first production, and fewer lifecycle emissions compared to traditional steel installation methods. With certifications and various size and material options, PythonPipe brings substantial cost and time savings while significantly reducing carbon emissions and maintenance expenses during its lifespan.

In October 2022, Baker Hughes, a prominent US-based oil field services company, completed the acquisition of AccessESP LLC for an undisclosed sum. This strategic move empowers Baker Hughes to expand its suite of oil field services by incorporating AccessESP's equipment into its offerings, thereby enhancing its position within the market for oil field equipment products. Notably, AccessESP LLC, a US-based oil field equipment manufacturer, is recognized for its production of various equipment, including axial flow pumps, contributing to Baker Hughes' diversified portfolio in the oil and gas sector.

Major companies operating in the axial flow pump market report are 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

Asia-Pacific was the largest region in the axial flow pump market in 2023. 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

The countries covered in the axial flow pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The axial flow pump market consists of sales of the frame, the floating platform, the engine, the gearbox, the drive shaft, and the propeller. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11546

1. Executive Summary

2. Axial Flow Pump Market Characteristics

3. Axial Flow Pump Market Trends And Strategies

4. Axial Flow Pump Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Axial Flow Pump Market Size and Growth

5.1. Global Axial Flow Pump Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Axial Flow Pump Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Axial Flow Pump Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Axial Flow Pump Market Segmentation

6.1. Global Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Horizontal
Vertical
6.2. Global Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Water Treatment
Irrigation
Evaporators
Other Applications
6.3. Global Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Chemical
Municipal
Pulp And Paper
Agriculture
Food And Beverage
Other End-Users

7. Axial Flow Pump Market Regional And Country Analysis

7.1. Global Axial Flow Pump Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Axial Flow Pump Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Axial Flow Pump Market

8.1. Asia-Pacific Axial Flow Pump Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Axial Flow Pump Market

9.1. China Axial Flow Pump Market Overview
9.2. China Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Axial Flow Pump Market

10.1. India Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Axial Flow Pump Market

11.1. Japan Axial Flow Pump Market Overview
11.2. Japan Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Axial Flow Pump Market

12.1. Australia Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Axial Flow Pump Market

13.1. Indonesia Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Axial Flow Pump Market

14.1. South Korea Axial Flow Pump Market Overview
14.2. South Korea Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Axial Flow Pump Market

15.1. Western Europe Axial Flow Pump Market Overview
15.2. Western Europe Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Axial Flow Pump Market

16.1. UK Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Axial Flow Pump Market

17.1. Germany Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Axial Flow Pump Market

18.1. France Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Axial Flow Pump Market

19.1. Italy Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Axial Flow Pump Market

20.1. Spain Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Axial Flow Pump Market

21.1. Eastern Europe Axial Flow Pump Market Overview
21.2. Eastern Europe Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Axial Flow Pump Market

22.1. Russia Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Axial Flow Pump Market

23.1. North America Axial Flow Pump Market Overview
23.2. North America Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Axial Flow Pump Market

24.1. USA Axial Flow Pump Market Overview
24.2. USA Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Axial Flow Pump Market

25.1. Canada Axial Flow Pump Market Overview
25.2. Canada Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Axial Flow Pump Market

26.1. South America Axial Flow Pump Market Overview
26.2. South America Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Axial Flow Pump Market

27.1. Brazil Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Axial Flow Pump Market

28.1. Middle East Axial Flow Pump Market Overview
28.2. Middle East Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Axial Flow Pump Market

29.1. Africa Axial Flow Pump Market Overview
29.2. Africa Axial Flow Pump Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Axial Flow Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Axial Flow Pump Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Axial Flow Pump Market Competitive Landscape And Company Profiles

30.1. Axial Flow Pump Market Competitive Landscape
30.2. Axial Flow Pump Market Company Profiles
- 30.2.1. Ebara Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Flowserve Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Grundfos Holding A/S
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Hitachi Industrial Products Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ITT Goulds Pumps
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Axial Flow Pump Market Competitive Benchmarking

32. Global Axial Flow Pump Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Axial Flow Pump Market

34. Axial Flow Pump Market Future Outlook and Potential Analysis

34.1 Axial Flow Pump Market In 2028 - Countries Offering Most New Opportunities
34.2 Axial Flow Pump Market In 2028 - Segments Offering Most New Opportunities
34.3 Axial Flow Pump Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer