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Global Axial Flow Pump Market by Application (Chemical, Food & Beverage), by Type (High Power, Miniwatt) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-73413
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 79
  • No. Of Pages: 224
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global axial flow pumps market was worth USD 32.23 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 3.6%) between 2020 and 2027. The product demand will be driven by rising investments made in Africa and the Middle East for oil & gas expansion. Axial flow pumps will be in high demand due to the global growth of the wastewater and water treatment industry in the last few years. This can be attributed to rising freshwater demand due to rapid urbanization, industrialization, and technological advances. The market will be driven by rising government spending on the development of power generation and petroleum industries over the forecast period.

Due to increased exploration in the offshore and onshore unconventional oil and gas sectors, the U.S. market for axial flow pump is expected to expand significantly. The overall market will be driven by technological innovations and renovations to the existing infrastructure for industrial water and wastewater management.

Due to technological advances, increasing industrialization, and rapid urbanization, the demand for energy fuel has increased dramatically over the last few years. This will increase the product's penetration in many end-use industries such as power, oil and gas, water, and wastewater treatment.

The increasing use of axial flow pumps in water treatment and wastewater management is expected to drive the market in the future. Axial flow pumps are expected to be used more in the chemical industry due to their high discharge rate and controlled vertical heads. This prevents spillage.

Veolia and Xylem Inc., two wastewater management companies, have partnered with axial pump manufacturers to develop new and more efficient machines. This will lead to increased market growth. Axial flow pump manufacturers have adopted value chain integration strategies to track the raw material used in making the pumps as well as the efficiency of the components.

Type Insights

High power axial flow pumps dominated the market, accounting for 52.7% of global revenue in 2019. This was due to the increased demand for high-power pumps in applications such as flood dewatering or water and wastewater treatment. High power axial flow pumps will be in demand due to the rapid development in power generation in South America and Central America.

High-power axial pumps will be in high demand due to the development of the oil & gas, and petroleum sectors in Africa and the Middle East. Companies such as Qatar Projects Oil & Gas Services or Saudi Aramco have made significant investments in expanding their businesses in other regions. This has increased the demand for these pumps.

From 2020 to 2027, the miniwatt axial flow pumps segment will grow at 3.1%. Miniwatt axial flow pumps will be in high demand due to the increasing use of industrialization techniques and technological developments in South America and Asia Pacific.

High-power axial pumps have a key advantage: they can discharge at a lower vertical distance and have a high discharge rate. These pumps can pump more water and other liquids than centrifugal pumps at a distance of less than four meters. This reduces aerodynamic losses and increases product demand.

Application Insights

In 2019, the largest share was 29.5% for the others segment. In 2019, the food and beverage segment was second in terms of share. This can be attributed to the investments made by food and beverage companies in new machinery and pumps, as well as the recently established regulations by the Department of Energy and U.S. Food & Drug Administration.

Axial flow pumps can be used to handle flammable, vicious and aggressive fluids. Chemicals are used in many industries including construction, manufacturing and automotive. These industries are expected to grow, which will increase the demand for chemicals. This could impact the penetration of axial flow pump for chemical handling.

The onshore and offshore exploration will be boosted by rising crude oil demand to facilitate overseas logistics, production centers, domestic transports, and domestic transports. Due to increased investment in the sector in order to meet growing energy demand in developing countries like Brazil, China, India, South Korea and South Korea, the petroleum segment will likely expand at a 4.2% CAGR over the forecast period.

Proper sewage systems are becoming more important due to the rapid growth of commercial and residential buildings. Municipalities are expected to make significant investments in pumping solutions that will ensure consistent water supply to residential areas. Axial flow pumps are expected to be in demand as a result of the rapid growth of cities.

Regional Insights

Asia Pacific dominated the market, accounting for 41.6% of global revenue in 2019. A growing demand for axial pumps in the region can be attributed to the phenomenal growth of end-use industries such as domestic water, wastewater and petroleum. Market growth is expected to be fueled by rapid investments in manufacturing to meet the growing demand from a rapidly expanding population.

Axial flow pumps have been adopted in Europe due to government initiatives in setting up wastewater and water management facilities in countries like France, Germany, Italy, and the U.K. The recent COVID-19 outbreak, which caused the temporary closing of many manufacturing plants, has led to a decrease in demand.

North America is forecast to grow at 2.2% CAGR over the forecast period. Market growth is expected to be driven by the U.S.'s advanced processing capabilities and continuous R&D for pump manufacturing. Moreover, the region is likely to see an increase in product demand due to rising water scarcity.

Axial power pumps are expected to increase in demand in South Africa and Central Africa due to the expanding power generation industry in Argentina and Brazil. The region's product demand will be boosted by the replacement of centrifugal pumps by axial flow pumps, which are more efficient at work in power plants and water management plants.

Market Share Insights & Key Companies

Due to the presence multinational and local players, the global market is highly competitive. To expand their product ranges and strengthen their market positions, market players have adopted key strategies such as the development of new technologies or customization options.

Market players are also creating strategic partnerships with industry players to integrate the value chain and long term deals with end-use industries. This includes water management, oil and gas, food and beverage, and oil and gas. These partnerships allow them to design pumps that suit their specific needs and expand their product range. Market players are also expanding their distribution network. The following are some of the most prominent players in the global market for axial flow pumps:

  • Xylem

  • Grundfos

  • KSB SE & Co. KGaA

  • Sulzer Ltd.

  • Pentair

  • Weir Group PLC

Up Market Research published a new report titled “Axial Flow Pump Market research report which is segmented by Application (Chemical, Food & Beverage), by Type (High Power, Miniwatt), By Players/Companies Xylem, Weir Group PLC, Grundfos, Pentair, Sulzer Ltd, KSB SE & Co KGaA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleAxial Flow Pump Market Research Report
By ApplicationChemical, Food & Beverage
By TypeHigh Power, Miniwatt
By CompaniesXylem, Weir Group PLC, Grundfos, Pentair, Sulzer Ltd, KSB SE & Co KGaA
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages224
Number of Tables & Figures157
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Axial Flow Pump Industry Outlook

Global Axial Flow Pump Market Report Segments:

The market is segmented by Application (Chemical, Food & Beverage), by Type (High Power, Miniwatt).

Axial Flow Pump Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Axial Flow Pump Market

Overview of the regional outlook of the Axial Flow Pump Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Axial Flow Pump Market Overview

Highlights of The Axial Flow Pump Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Axial Flow Pump Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Chemical

                2. Food & Beverage

        7. By Type:

                1. High Power

                2. Miniwatt

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Axial Flow Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Axial Flow Pump Market Trends

Reasons to Purchase the Axial Flow Pump Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Axial Flow Pump Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Axial Flow Pump Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Axial Flow Pump Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Axial Flow Pump Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Axial Flow Pump Market Size & Forecast, 2018-2028 
      4.5.1 Axial Flow Pump Market Size and Y-o-Y Growth 
      4.5.2 Axial Flow Pump Market Absolute $ Opportunity 


Chapter 5 Global Axial Flow Pump Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Axial Flow Pump Market Size Forecast by Application
      5.2.1 Chemical
      5.2.2 Food & Beverage
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Axial Flow Pump Market Analysis and Forecast by Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type
      6.1.2 Basis Point Share (BPS) Analysis by Type
      6.1.3 Absolute $ Opportunity Assessment by Type
   6.2 Axial Flow Pump Market Size Forecast by Type
      6.2.1 High Power
      6.2.2 Miniwatt
   6.3 Market Attractiveness Analysis by Type

Chapter 7 Global Axial Flow Pump Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Axial Flow Pump Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Axial Flow Pump Analysis and Forecast
   9.1 Introduction
   9.2 North America Axial Flow Pump Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Axial Flow Pump Market Size Forecast by Application
      9.6.1 Chemical
      9.6.2 Food & Beverage
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Axial Flow Pump Market Size Forecast by Type
      9.10.1 High Power
      9.10.2 Miniwatt
   9.11 Basis Point Share (BPS) Analysis by Type 
   9.12 Absolute $ Opportunity Assessment by Type 
   9.13 Market Attractiveness Analysis by Type

Chapter 10 Europe Axial Flow Pump Analysis and Forecast
   10.1 Introduction
   10.2 Europe Axial Flow Pump Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Axial Flow Pump Market Size Forecast by Application
      10.6.1 Chemical
      10.6.2 Food & Beverage
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Axial Flow Pump Market Size Forecast by Type
      10.10.1 High Power
      10.10.2 Miniwatt
   10.11 Basis Point Share (BPS) Analysis by Type 
   10.12 Absolute $ Opportunity Assessment by Type 
   10.13 Market Attractiveness Analysis by Type

Chapter 11 Asia Pacific Axial Flow Pump Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Axial Flow Pump Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Axial Flow Pump Market Size Forecast by Application
      11.6.1 Chemical
      11.6.2 Food & Beverage
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Axial Flow Pump Market Size Forecast by Type
      11.10.1 High Power
      11.10.2 Miniwatt
   11.11 Basis Point Share (BPS) Analysis by Type 
   11.12 Absolute $ Opportunity Assessment by Type 
   11.13 Market Attractiveness Analysis by Type

Chapter 12 Latin America Axial Flow Pump Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Axial Flow Pump Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Axial Flow Pump Market Size Forecast by Application
      12.6.1 Chemical
      12.6.2 Food & Beverage
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Axial Flow Pump Market Size Forecast by Type
      12.10.1 High Power
      12.10.2 Miniwatt
   12.11 Basis Point Share (BPS) Analysis by Type 
   12.12 Absolute $ Opportunity Assessment by Type 
   12.13 Market Attractiveness Analysis by Type

Chapter 13 Middle East & Africa (MEA) Axial Flow Pump Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Axial Flow Pump Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Axial Flow Pump Market Size Forecast by Application
      13.6.1 Chemical
      13.6.2 Food & Beverage
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Axial Flow Pump Market Size Forecast by Type
      13.10.1 High Power
      13.10.2 Miniwatt
   13.11 Basis Point Share (BPS) Analysis by Type 
   13.12 Absolute $ Opportunity Assessment by Type 
   13.13 Market Attractiveness Analysis by Type

Chapter 14 Competition Landscape 
   14.1 Axial Flow Pump Market: Competitive Dashboard
   14.2 Global Axial Flow Pump Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Xylem
      14.3.2 Weir Group PLC
      14.3.3 Grundfos
      14.3.4 Pentair
      14.3.5 Sulzer Ltd
      14.3.6 KSB SE & Co KGaA
Segments Covered in the Report
The global Axial Flow Pump market has been segmented based on

By Application
  • Chemical
  • Food & Beverage
By Type
  • High Power
  • Miniwatt
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Xylem
  • Weir Group PLC
  • Grundfos
  • Pentair
  • Sulzer Ltd
  • KSB SE & Co KGaA

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