Axial Flow Pump Market Report Scope & Overview:

The Axial Flow Pump Market size was valued at USD 29.5 billion in 2022 and is expected to grow to USD 41.95 billion by 2030 and grow at a CAGR of 4.5 % over the forecast period of 2023-2030.

In power plants, the chemical industry, and for dewatering purposes, axial pumps also called propeller pumps are widely employed to circulate water. Additionally, they are utilized to manage effluent from industrial, commercial, and municipal activities. The need for axial flow pumps is expected to increase across industries that deal with water, wastewater, chemicals, petroleum, and food and beverages.

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The axial flow pumps are a class of positive displacement pumps with an impeller resembling a propeller that runs through the casing. These pumps exert centrifugal force on fluid as it passes past the impeller. The direction of the fluid displacement is parallel to the direction of the pump shaft. Even at low-pressure heads, these pumps are capable of delivering great volume flow rates. In the past, these pumps have also been utilised to remove water from a soggy region in the event of natural disasters like floods. Applications requiring both high flow rates and low pressures can use axial flow.

The majority of power plants employ axial flow pumps to move fluids through evaporators and sewage digesters. Fisheries and irrigation are the two other key industries where axial flow pumps are used. Axial flow pumps will see growth throughout the specified projection period because of the reduced aerodynamic losses, greater stage efficiencies, short blade lengths, lower overall dimensions, and ease of handling of these pumps.

MARKET DYNAMICS

KEY DRIVERS:  

• Rising demand for energy fuel

• Growing demand for Axial flow pump

• Increased oil field activity

• Increased investments in wastewater treatment facilities

These pumps are used in the agricultural industry to remove excess or undesired water from agricultural fields as well as to pump water from water reservoirs to fields. It may be utilized in municipal water treatment to assist in moving water or other fluids to various conveyor systems or reservoirs.

RESTRAIN:

• High pressure operations

• Managing viscous fluids

OPPORTUNITY: 

• Improving sales and opportunities

• Including technological advancement and innovations

CHALLENGES:

• Inefficiency of the pumps

The main factor limiting the growth of the worldwide axial flow pump market is the inefficiency of the pumps' functioning while dealing with viscous fluids. During the specified time period, the challenges the pump faces when running at high pressure may potentially restrain market growth for axial flow pumps globally.

IMPACT OF RUSSIA-UKRAINE WAR

Russia's invasion of Ukraine poses a threat of significantly disrupting global supply chains. The invasion has disrupted worldwide travel, halted energy and industrial goods supply networks, and increased volatility in global markets. Each hazard was heightened by the Ukraine situation, which also made any viable remedies more difficult.

Russia is a large supplier of metals, natural gas, and oil, and it is anticipated that increased costs for these commodities will harm the global economy. Russia provides 25% of Europe's oil and over 40% of its natural gas. Natural gas prices are currently nearly six times higher than they were at the commencement of the war, with an additional 20% spike following the start of the war.

KEY MARKET SEGMENTATION

By Type

• Miniwatt

• High Power

By Application

• Wastewater & Water

• Oil & Gas

• Petrochemical & Chemical

• Food & Beverages

• Mining

• Others

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REGIONAL ANALYSIS

Asia Pacific dominated the market and generated 41.6% of global revenue. The explosive expansion of the region's end-use sectors, such as the household water and wastewater treatment and petroleum industries, is credited with driving up demand for axial flow pumps. The market expansion is anticipated to be fuelled by quick investments in the manufacturing sector to meet the needs of a population that is expanding quickly.

North America is anticipated to grow at a CAGR of 2.2%. The U.S.'s availability of sophisticated processing capabilities along with ongoing R&D for pump production is anticipated to fuel the industry in the area.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

RECENT DEVELOPMENTS

• At the 2022 Global Water Awards, Xylem, a leading global provider of water technology, received the "Net Zero Carbon Champion" award in recognition of the Company's initiatives to hasten the decarbonization of the water industry. In addition to working with utilities, companies, and water management, Xylem is dedicated to reaching net-zero carbon emissions globally to assist them in lowering their carbon impact. These programs help the market under study even more.

• In June 2021, Sulzer and Blue Planet announced their collaboration to cut CO2 emissions and sustainably revolutionize the cement industry. Sulzer made it possible to develop and improve Blue Planet's ground-breaking carbon mineralization method for carbon capture, utilization, and storage (CCUS) solutions. The Sulzer carbon will be used in the creative process technology to cut back on greenhouse gas emissions from commercial activity.

KEY PLAYERS

The Major Players are xylem Inc., Grundfos Holding A/S, Pentair PLC, Sulzer Ltd, Handol Pumps Limited, The Weir Group PLC, Ebara Corporation, Flowserve Corporation, Hitachi Industrial Products, Ltd., ITT Goulds Pumps, and other players are listed in a final report.

Grundfos Holding A/S-Company Financial Analysis