Global Axial Flow Pump Market to Reach $43.06 Billion by 2029, Growing at 5% CAGR

What industry-specific factors are fueling the growth of the axial flow pump market?
The escalating need for freshwater considerably propels the expansion of the axial flow pump market. Axial flow pumps, being efficient in transporting considerable amounts of liquid swiftly from freshwater sources such as rivers, lakes, and wells to treatment plants, irrigation systems, flood control, and drainage infrastructures at high pressure or elevating the fluid over a substantial vertical distance in less time by reducing the turbulence, are crucial. For example, a 2023 report by the Guardian, a UK daily newspaper corporation, predicted a 40% shortage in freshwater supply by the end of 2030. Hence, the surging freshwater demand will fuel the axial flow pump market.

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What Is the projected market size and growth rate for the axial flow pump market?
Over the past years, there's been a steady growth in the size of the axial flow pump market. The market, valued at $33.68 billion in 2024, is anticipated to blossom into a $35.14 billion industry in 2025, displaying a compound annual growth rate (CAGR) of 4.3%. The notable growth experienced in the previous period can be associated with factors such as industrialization, development of infrastructure, expansion of agriculture, increasing worries over global water scarcity, emphasis on energy efficiency, as well as various government regulations and initiatives.

Over the next few years, the axial flow pump market is projected to experience significant growth, ballooning to "$43.06 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.2%. The expansion during the forecast period is likely due to factors such as the integration of renewable energy, an increased emphasis on sustainable farming, investments in water infrastructure, the progression of smart cities, and adapting to climate change. Key trends during this period will encompass digitalization and IoT integration, technological progression, competitive market dynamics, environmental aspects, and innovative materials.

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What new trends are reshaping the axial flow pump market and its opportunities?
The dominating trend emerging in the axial flow pump market is technological innovation. Many leading firms in this industry are prioritizing the creation of axial flow pumps that are more durable and resistant to corrosion. For example, Baker Hughes Company, an American organization specializing in axial flow pump and energy technology, in November 2023, introduced its latest innovation in reinforced thermoplastic pipe (RTP) technology named PythonPipe portfolio. This portfolio facilitates quicker setup, accelerates the emergence of initial production, and minimizes overall emissions throughout its lifecycle. With an array of sizes, materials, and liners, the American Petroleum Institute 15s-certified, flexible, non-metallic PythonPipe RTP contributes to nearly 60% reduction in installation time, costing only around 20% of equivalent steel installation costs. Besides efficiency, PythonPipe also emphasizes sustainability, demonstrating up to 75% reduction in carbon emissions over its life cycle, up to 80% reduction in maintenance costs, and nearly 60% reduction in required personnel.

What major market segments define the scope and growth of the axial flow pump market?
The axial flow pump market covered in this report is segmented -

1) By Product Type: Horizontal, Vertical
2) By Application: Water Treatment, Irrigation, Evaporators, Other Applications
3) By End-User: Chemical, Municipal, Pulp And Paper, Agriculture, Food And Beverage, Other End-Users

Subsegments:
1) By Horizontal Axial Flow Pumps: Single Stage, Multi-Stage
2) By Vertical Axial Flow Pumps: In-Line Vertical Pumps, Submersible Vertical Pumps

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Which region dominates the axial flow pump market?
Asia-Pacific was the largest region in the axial flow pump market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global axial flow pump market report during the forecast period. The regions covered in the axial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the axial flow pump industry growth?
Major companies operating in the axial flow pump market include Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Hitachi Industrial Products Ltd., ITT Goulds Pumps, Pentair PLC, Sulzer Ltd., The Weir Group PLC, Xylem Inc., Franklin Electric Co. Inc., Kubota Group, Torishima Pump Manufacturing Co Ltd., Hayward Tyler, Peerless Pump Company, KSB SE & Co. KGaA, Sintech Precision Products Ltd., Moving Water Industries, Holland Pump Company, Patterson Pump Company, Emile Egger & Cie SA, Flowmore Limited, Huayang Intelligent Pumps, Ruthman Companies, Hebei Zidong Pump Industry Co.Ltd, Thomas & Associates, Brehnor Pumps (Pty) Ltd., PumpWrxs & Controls, JeffPro Fluid Solutions - Pumps and Packaged Pump Systems, Handol Pumps Limited, Shanghai Pacific Pump Manufacture (Group) Co.Ltd., Bellflo Engineering Corporation Pte. Ltd., Jiangsu Suhua Pump Co. Ltd., Liancheng Group

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What Is Covered In The Axial Flow Pump Global Market Report?

• Market Size Forecast: Examine the axial flow pump market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the axial flow pump market for a structured understanding.
• Key Players Overview: Analyze major players in the axial flow pump market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the axial flow pump market.
• Segment Contributions: Evaluate how different segments drive overall growth in the axial flow pump market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the axial flow pump market.
• Industry Challenges: Identify potential risks and obstacles affecting the axial flow pump market.
• Competitive Landscape: Review strategic developments in the axial flow pump market, including expansions, agreements, and new product launches.

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