PUBLISHER: TechSci Research | PRODUCT CODE: 1124819
PUBLISHER: TechSci Research | PRODUCT CODE: 1124819
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The global axial flow pump market is anticipated to witness a steady CAGR during the forecast period of 2023-2027. Factors such as the growing investments in wastewater treatment plants and increased oil & gas activities drive the demand for the global axial flow pump market. The flourishing oil & gas industry, especially in the Middle East and Africa region, and the growing focus of the leading authorities on the development of the petroleum and power generation industry are further expected to influence the market demand in the forecast period. With the rise in demand for freshwater, rapid industrialization and urbanization, and advancements in technology, the demand for the global axial flow pump market is expected to grow at a significant rate during the forecast period.
The global axial flow pump market is segmented into type, industry, application, material, regional distribution, and competitive landscape. Based on the type, the market is fragmented into mini-watt and high-power pumps. The high-power axial pump dominates the market and is anticipated to maintain its dominance during the forecast period, 2023-2027. There is a massive demand for axial flow pumps in different applications, including flood dewatering, wastewater treatments, and water treatments.
Based on industry, the market is divided into wastewater & water, oil & gas, petrochemical & chemical, food & beverages, mining, and others. The food & beverages segment is expected to dominate the market in the forecast period. The rise in investments by food & beverage market players and the use of pumps in the manufacturing process is expected to fuel the segment demand in the coming years.
The key players operating in the global axial flow pump market are Xylem Inc., Grundfos, Sulzer Ltd., KSB SE & Co. KGaA, Pentair plc., Weir Group PLC, Wilo SE, Leo Group Co., Ltd., ETEC S.A., ITT Inc., among others.
Years considered for this report:
Historical Years: 2017 - 2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023 - 2027
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Global Axial Flow Pump market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Axial Flow Pump market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Miniwatt
High Power
Wastewater & Water
Oil & Gas
Petrochemical & Chemical
Food & Beverages
Mining
Others
Irrigation
Land Drainage
Flood Control
Recirculation
Water Treatment
Others
Aluminium
Cast Iron
Brass
Bronze
Ceramics
Nickel-Alloy
North America
APAC
Europe
MEA
South America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Axial Flow Pump market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information