Global Axial Flow Pump Market 2024-2028
The axial flow pump market is forecasted to grow by USD 6.69 bn during 2023-2028, accelerating at a CAGR of 4.23% during the forecast period. The report on the axial flow pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing investments in water infrastructure projects, expansion of agriculture, particularly in emerging economies, and rise of renewable energy sources.
Technavio's axial flow pump market is segmented as below:
By Application
- Oil and gas
- Food and beverage
- Wastewater and water
- Mining
- Others
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies digitalization and IoT integration as one of the prime reasons driving the axial flow pump market growth during the next few years. Also, the growing availability of energy-efficient axial flow pumps and recycling and refurbishing of axial flow pump components will lead to sizable demand in the market.
The report on the axial flow pump market covers the following areas:
- Axial flow pump market sizing
- Axial flow pump market forecast
- Axial flow pump market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading axial flow pump market vendors that include Ebara Corp., Emile Egger and Cie SA , Flowmore Ltd., Flowserve Corp., Fluid Engineering, Grundfos Holding AS, Holland Pump, ITT Inc., KSB SE and Co. KGaA, MWI Pumps, Pentair Plc, Pioneer Group, Propeller Pumps, Ruhrpumpen Group, Sintech Precision Products Ltd., Sulzer Management Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., and Xylem Inc.. Also, the axial flow pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.