Radial Flow Pump Market Size, Share & Trends Analysis Report By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Power Generation), By Region, And Segment Forecasts, 2023 - 2030

Radial Flow Pump Market Size, Share & Trends Analysis Report By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Power Generation), By Region, And Segment Forecasts, 2023 - 2030

Radial Flow Pump Market Growth & Trends

The global radial flow pump market size is anticipated to reach USD 32.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.6% from 2023 to 2030. One of the primary driving factors is the need for high-pressure fluid handling in industries such as oil and gas, water treatment, chemical processing, and power generation. Radial flow pumps are capable of generating significant pressure differentials, making them suitable for applications that require substantial pressure increases.

Radial flow pumps are utilized in construction projects for dewatering excavations, foundation work, tunneling, and managing water levels in construction sites. As infrastructure development continues, the need for effective fluid-handling solutions remains high, thus fueling the adoption of radial flow pumps over the forecast period. In addition, these pumps help transport and control water for various applications such as agriculture, and construction, among others. The demand for efficient water management solutions in municipal water supply, wastewater treatment, irrigation, and desalination drives the use of radial flow pumps.

Industries are focusing on optimizing processes and achieving higher productivity. Radial flow pumps support process intensification by providing efficient fluid transportation and pressure boosting.As urban populations increase, the demand for efficient water supply, sewage management, and construction activities fuels the adoption of radial flow pumps.

Manufacturers prioritize equipment reliability and durability; these radial flow pumps are highly designed to withstand demanding operating conditions and deliver consistent performance. Moreover, manufacturers are upgrading their existing pump systems to improve efficiency, reduce maintenance, and enhance overall performance. Radial flow pumps are significantly employed for their ability to meet higher pressure requirements. Owing to these aforementioned factors the market is anticipated to grow over the forecast period.

Manufacturers of radial flow pumps are looking for partnerships, mergers, and acquisitions to diversify their product offerings and boost output. To meet the growing demand from application sectors such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemicals, and other manufacturers are also concentrating on expanding their manufacturing facilities.

Radial Flow Pump Market Report Highlights

• In terms of configuration, the single-stage radial flow pump segment held the largest revenue share of 62.8% in 2022 as this segment plays a crucial role in agricultural irrigation, helping to move water from water sources to fields and crops efficiently
• In terms of end-use, the oil and gas segment is anticipated to register a CAGR of 3.8% over the forecast period owing to its applications such as injection, hydraulic fracturing, crude oil transportation, and refining processes. The growth of the oil and gas industry contributes to the demand for radial flow pumps
• Several factors including industrialization, technical improvements, and growing urbanization, 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 projection period in terms of region. This is anticipated to increase the product's uptake by several businesses, including the water and wastewater treatment, power, and oil and gas sectors
• In May 2023, Xylem, Inc. launched a global pump manufacturing site in Egypt. Leading water brands including Flygt; Lowara; and Bell & Gossett will be manufactured and assembled at the new Xylem Egypt Plant, which will also produce parts and full units. The Xylem Egypt Plant will first produce Split-Case Centrifugal pumps for various uses, including irrigation, HVAC, and commercial building services, as well as End-Suction pumps for industry and irrigation

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