Mixed Flow Pump Market Size, Share & Trends Analysis Report By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Power Generation, Construction & Building Services, Water & Wastewater), By Region, And Segment Forecasts, 2024 - 2030

Mixed Flow Pump Market Size, Share & Trends Analysis Report By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Power Generation, Construction & Building Services, Water & Wastewater), By Region, And Segment Forecasts, 2024 - 2030

Mixed Flow Pump Market Growth & Trends

The global mixed flow pump market size is anticipated to reach USD 13.15 billion by 2030, registering a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Mixed flow pumps provide a balance of radial and axial flow pumping characteristics, delivering efficient fluid movement with medium to high flow rates and discharge capabilities. This attribute is an important factor in applications that require the transport of fluids over a range of flow rates and pressures. Due to these unique characteristics, these pumps are used in various industries such as chemical and water treatment industry.

With the growth in these industries across the globe, the demand for mixed flow pumps is expected to grow over the forecast period. Stringent government laws on energy efficiency, safety, and standards are expected to have a significant impact on the market. While many developed countries have invested in the water treatment sector, developing countries in Asia-Pacific are expected to encourage and increase investments in water treatment and agriculture sectors in the coming years.

According to the International Hydropower Association, 34GW of hydropower will be generated globally in 2022, exceeding the 30GW cap for the first time since 2016. Mixed flow pumps are used in hydroelectric power generation, both for new projects and upgrades to existing installations. As mixed flow pumps are used in the power generation facilities, development in the power generation facilities is expected to drive the market.

Mixed flow pumps are used for efficient water distribution, irrigation, and water recycling in agricultural, municipal, and industrial applications. As water scarcity becomes a concern and rising urbanization and population growth, sustainable water management and conservation efforts are on the rise. Hence with the urbanization and population growth, the demand for mixed flow pumps is expected to increase over the forecast period.

Important market participants are creating energy-efficient pumps to reduce the carbon foot print. Variable frequency drivers (VFDs), and Computational Fluid Dynamics (CFD) technologies are the feature of these recently developed pumps that allow for improved flow and pump effectiveness. Furthermore, recently introduced mixed flow pumps include a digital control system and are integrated with the Industrial Internet of Things (IIoT) to improve their efficiency.

Mixed Flow Pump Market Report Highlights

• Based on configuration, single-stage mixed flow pumps accounted for a market share of 63.2% in 2023, as these pumps play a crucial role in agricultural irrigation, helping to move water from water sources to fields and crops efficiently
• Multi-stage mixed flow pumps are likely to witness lucrative growth with a CAGR of 5.5% over the forecast period, owing to their ability to efficiently supply fluids at high pressure with high discharge rates across a wide range of industries
• Based on end-use, the agriculture segment accounted for a maximum share of 25.9% in 2023 owing to the capacity to transport water from sources such as wells, rivers, or reservoirs to fields for irrigation purposes
• The chemical segment is expected to witness significant growth with the highest CAGR of 6.0% over the forecast period, as they can easily handle various types of chemicals with different pH, viscosity, and heterogeneity
• Asia Pacific accounted for a 48.2% share of the global revenue in 2023 and is expected to expand at a CAGR of 5.7% from 2024-2030 due to significant growth in the agriculture sector. Further growth in the urbanization, and end-use industries such as food processing industries, is expected to fuel the growth of the market
• Middle East and Africa is expected to witness the second-highest CAGR over the forecast period due to the flourishing industries such as oil & gas exploration and production, water treatment & desalination facilities, and power generation
• In May 2022, Franklin Electric expanded its production and storage facility in New Olive, U.S. This move secures the space needed for the production and storage of large vertical and submerged shaft drive turbines, including the FVT series, FAF Shaft series, and FMF series mixed flow pumps

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