Axial Flow Pump Market Share, Industry Size, Demand, SWOT Analysis, Report 2023-2028

The latest report published by IMARC Group, titled "Axial Flow Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on axial flow pump market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global axial flow pump market is expected to exhibit a growth rate (CAGR) of 3.3% during 2023-2028.

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An axial flow pump is a type of centrifugal pump that uses an impeller with vanes, often referred to as blades, which are oriented in the direction of the flow, resembling a propeller. The primary function of an axial flow pump is to transport fluid in a direction parallel to the pump shaft, making it highly efficient for moving large volumes of fluid at low pressures. Axial flow pumps are commonly used in applications involving large volumes of water, such as irrigation and flood control, and in industries where large-scale water movement is necessary. They are also used in cooling systems, sewage treatment plants, and in certain chemical and petrochemical processes. In addition, axial flow pumps are employed in marine applications for ballasting and bilging due to their efficiency in handling large volumes of water.

Market Trends:

The growing demand for efficient water management solutions, especially in the agriculture and irrigation sectors, is driving the global market. Axial flow pumps, known for their ability to move large volumes of water efficiently, are increasingly adopted for irrigation purposes, facilitating the agricultural sector's need for effective water usage. Moreover, the expanding wastewater treatment industry is augmenting the market.

As environmental regulations become more stringent and the focus on water conservation intensifies, the need for efficient wastewater management systems is crucial. Axial flow pumps are integral to these systems, offering the required efficiency and reliability for large-scale water and wastewater treatment operations. Additionally, the growth in the construction and mining industries contributes to the market's expansion. In these sectors, axial flow pumps are employed for dewatering purposes, managing water levels at construction or mining sites, and ensuring smooth and safe operations.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Atlas Copco
• Ebara Corporation
• Grundfos Pumps India Private Ltd
• ITT Inc.
• KSB SE & Co. KGaA
• Leo Group Co., Ltd.
• Pentair
• Sanlian Pump Company
• Shanghai East Pump (Group) Co. Ltd.
• Sulzer Ltd.
• The Weir Group PLC
• Wilo SE

Axial Flow Pump Market Segmentation:

Our report has categorized the market based on region, type and application.

Breakup by Type:

• Miniwatt
• High Power

Breakup by Application:

• Domestic Water and Wastewater
• Petroleum
• Chemical
• Food and Beverage
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.