Axial Flow Pump Market Size, Share & Trends Analysis Report By Type (High-power, Miniwatt), By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2030

Axial Flow Pump Market Size, Share & Trends Analysis Report By Type (High-power, Miniwatt), By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2030

Axial Flow Pump Market Growth & Trends

The global axial flow pump market size is anticipated to reach USD 5,109.1 million by 2030, registering a CAGR of 3.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The global market has been growing due to increased energy consumption and exploratory activities. In addition, factors, such as favorable government policies and increasing demand for energy-efficient axial flow pump solutions, are anticipated to drive the overall market demand. Axial flow pumps are extensively used in the various stages of wastewater treatment, including aeration tanks, mixing tanks, and others, to facilitate proper mixing and aeration for an effective treatment process.

The efficient and high-capacity features of axial flow pumps make them well-suited for applications where large volumes of water or wastewater need to be moved, mixed, or treated. They play a significant role in ensuring the effective management of water resources and maintaining the proper functioning of wastewater treatment. Increasing awareness about environmental pollution, stringent regulations on waste and wastewater management, and growing demand for sustainable and efficient wastewater treatment solutions are expected to drive the market demand. Significant axial flow pump application is seen in irrigation systems, flood control systems, and sewage water treatment facilities. Axial flow pumps are also widely used in agriculture to remove surplus or unwanted water from fields as well as to pump water from water reservoirs to fields.

In the upcoming years, the market is projected to grow due to the aforementioned applications. These pumps can also be used in situations where low pressures and high flow rates are necessary. To circulate fluids through evaporators and sewage digesters, axial flow pumps are mostly employed in power plants. These pumps are predicted to witness a high adoption rate due to their ease of handling, greater stage efficiencies, reduced aerodynamic losses, short blade lengths, and smaller dimensions. Manufacturers are looking for partnerships, and M&As to diversify their product offerings and boost output. To meet the growing demand from the application sectors, such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemicals, and manufacturers are also concentrating on expanding their manufacturing facilities.

Axial Flow Pump Market Report Highlights

• The high-power type segment accounted for a share of 58.9% in 2022 owing to increased demand for high-power pumps in applications, such as flood dewatering and water & wastewater treatment
• The single-stage axial flow pump configuration segment accounted for a share of 62.7% in 2022 owing to its applications in various industries, including agriculture (irrigation), municipal water supply, wastewater management, flood control, aquaculture, and industrial fluid circulation
• The oil & gas end-user segment is likely to register a CAGR of 3.4% over the forecast period owing to high product demand in various fluid handling applications due to their unique design that allows for efficient flow of fluids in a straight-line direction along the pump axis
• Several factors, including rapid industrialization & urbanization, and technical improvements, have contributed to the remarkable rise in demand for energy fuel over the past few years, and North America is predicted to dominate the market over the projected period
• This is anticipated to increase the product's uptake by many businesses, including the water & wastewater treatment, power, and oil & gas sectors
• By offering flow control products and services for the global infrastructure market, Flowserve Corporation announced the launch of its new Energy Advantage program in March 2022. This all-encompassing flow control approach aims to assist customers in lowering total cost of ownership and reducing carbon footprint
• With Energy Advantage, Flowserve can assist customers in optimizing pump and valve power usage to achieve higher energy efficiency due to its engineering know-how, rigorous data-driven review approach, and full product & service portfolio

Please note The report will be delivered in 4-8 business days upon order notification.