Global Axial Flow Pumps Professional Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Axial Flow Pumps Professional Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Axial Flow Pumps, or AFP, is a common type of pump that essentially consists of a propeller (an axial impeller) in a pipe. Axial pumps are used for the promotion of incompressible fluids and are employed for large volume flows at relatively low delivery heads.

Market Overview:

The latest research study on the global Axial Flow Pumps Professional market finds that the global Axial Flow Pumps Professional market reached a value of USD 1314.05 million in 2023. It’s expected that the market will achieve USD 1661.92 million by 2029, exhibiting a CAGR of 3.99% during the forecast period.

Global intermediate products account for more than half of all goods trade, and global supply chains have been closely integrated. China, the United States and Germany have become the industrial chain hubs in East Asia, North America and Western Europe respectively. The epidemic has an impact on the industrial chain, especially for industries with a high degree of integration in the global value chain, such as automobiles, electronics, and mechanical equipment. The COVID-19 epidemic has led to a slowdown in manufacturing activities, mainly reflected in parts shortage, labor disruption, and traffic disruption. As global supply chains may continue to be interrupted, global manufacturing output may also shrink significantly.

Russia and Ukraine are the world's major producers and exporters of steel, steel billets, iron ore and coal. The outbreak of the Russo-Ukrainian war led to the destruction of some Ukrainian production equipment and also affected transportation. Russian exports have also been affected in many aspects, including payment, transportation and sanctions. Due to the impact on Russia and Ukraine's exports, international steel prices, especially those in countries that rely on Russia and Ukraine to supply steel and billets, have risen sharply. The main raw material of Axial Flow Pumps is steel, so this leads to an increase in the raw material cost of Axial Flow Pumps, which leads to an increase in the price of Axial Flow Pumps, which is not conducive to the development of the Axial Flow Pumps market.

Growth in demand from downstream industries

As people's living standards improve, the demand for residential, commercial and public facilities is also increasing. Among them, residential construction and commercial construction are the two main areas of the U.S. construction market. According to data released by the U.S. Department of Commerce, the total U.S. residential construction market reached $1.322 trillion in 2019, while total U.S. commercial construction sales in 2019 were $561.7 billion. At the same time, the market demand for public facilities buildings is also rising.

Limited operational stability

Axial flow pumps have strict requirements on fluid handling during operation. For example, solid particles or bubbles in the fluid may affect the operational stability and effectiveness of the axial flow pump. Therefore, in special cases, such as sewage treatment or the transportation of fluids containing suspended solids, additional measures need to be taken to prevent the axial flow pump from being adversely affected. The operational stability of Axial Flow Pumps is limited, which is not conducive to the development of the Axial Flow Pumps market.

Axial flow pump technology innovation

With the advancement of science and technology, the production technology of axial flow pumps has been continuously improved and upgraded. The application of new materials, the optimized design of pump shafts and impellers, and the selection of efficient motors have improved the efficiency, reliability, and service life of axial flow pumps. In addition, the application of digital control technology also makes axial flow pumps more intelligent and convenient. Innovations in the production technology of Axial Flow Pumps are driving the growth of the Axial Flow Pumps market.

Region Overview:

In 2022, the share of the Axial Flow Pumps Professional market in United States stood at 23.17%.

Company Overview:

Grundfos is one of the major players operating in the Axial Flow Pumps Professional market, holding a share of 10.60% in 2023.

Segmentation Overview:

Among different product types, Vertical segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Water & Wastewater, with a market share of 44.05% in 2022.

Key Companies in the global Axial Flow Pumps Professional market covered in Chapter 3:

Sulzer
Pentair
Hidrostal Group
Hitachi Industrial Products
Gruppo Aturia
Ruhrpumpen
Liancheng Group
Xylem
Ebara Corporation
ITT RHEINHÜTTE Pumpen
Weir Group
ETEC International
LEO Pump
SanLian Pump Company
ITT Goulds Pumps 
Flowserve Corporation
Tsurumi Pump
Hunan M&W Pump
Grundfos

In Chapter 4 and Chapter 14.2, on the basis of types, the Axial Flow Pumps Professional market from 2019 to 2030 is primarily split into:

horizontal
vertical

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Axial Flow Pumps Professional market from 2019 to 2030 covers:

Water & Wastewater
Petroleum Industry
Chemical Industry
Food & Beverage
Mining Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)