Press release
Strong Growth Ahead: Radial Flow Pump Market Size To Grow At Arecord 4.4% Cagr By 2029
Radial Flow Pump
How Big Is the Radial Flow Pump Market Size Expected to Be by 2034?
In recent times, the market size of the radial flow pump has seen a consistent rise. The market is projected to escalate from $24.50 billion in 2024 to $25.64 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The notable growth witnessed during the historic period is largely due to its widespread adoption in industry applications, an increased demand for energy-saving pumping solutions, developments in water and wastewater infrastructure, expansion in infrastructure overall, and the broadening scope of oil and gas exploration activities.
Anticipated to witness stable growth over the ensuing years, the radial flow pump market's size is predicted to touch $30.48 billion by 2029, with a compound annual growth rate (CAGR) of 4.4%. Factors such as progress in automation, escalating environmental awareness, increased deployment in renewable energy, emphasis on high-pressure applications, and the incorporation of Industry 4.0 principles are anticipated to drive this growth in the forecasted period. Trends expected to dominate the forecast period include technological progression, invention and improvements in technology, digitalization integration, adoption of sustainable practices, and pioneering sealing technologies.
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What Are the Emerging Segments Within the Radial Flow Pump Market?
The radial flow pump market covered in this report is segmented -
1) By Pump Type: Single-Stage, Multi-Stage, End-Suction, Vertical, Horizontal
2) By Material: Cast Iron, Stainless Steel, Duplex Stainless Steel, Alloy 20, Bronze
3) By Capacity: Low Capacity, Medium Capacity, High Capacity
4) By Configuration: Single Stage, Multi-Stage
5) By End-Use: Agriculture, Construction And Building Services, Water And Wastewater, Power Generation, Oil And Gas, Chemicals, Other End Uses
Subsegments:
1) By Single-Stage: Close-Coupled, Frame-Mounted, Axially Split
2) By Multi-Stage: Radially Split, Barrel Casing, Ring Section
3) By End-Suction: Back Pull-Out, Close-Coupled, Inline
4) By Vertical: Line Shaft, Submersible, Can-Type
5) By Horizontal: Axially Split, Radially Split, Between Bearings
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What Long-Term Drivers Are Shaping Radial Flow Pump Market Trends?
The enlargement of oil and gas investigation tasks is projected to spur the progress of the radial flow pump market in the future. Oil and gas investigation tasks pertain to the procedures involved in finding and detecting possible places for borehole and extraction of crude oil and natural gas. These tasks are growing due to the increasing international energy requirement, propelling the necessity for fresh hydrocarbon supplies to guarantee energy stability and fulfil industrial, transport, and residential consumption necessities. Radial flow pumps in the oil and gas sector are employed for high-tension fluid transition, infusion, and flow in boring, refining, and production procedures. For example, in September 2024, Statistics Canada, a governmental organization based in Canada, reported that crude oil and equivalent item production saw a 6.8% rise in June 2024, hitting 23.9 million cubic meters, symbolizing the consecutive ninth month of annual growth. Therefore, the enlargement of oil and gas investigation tasks is fostering the progress of the radial flow pump market.
Who Are the Top Competitors in Key Radial Flow Pump Market Segments?
Major companies operating in the radial flow pump market are ANDRITZ AG, Star Pump Alliance GmbH, EBARA Corporation, Sulzer Ltd., ITT Inc., KSB SE & Co. KGaA, Wilo SE, Franklin Electric Co. Inc., John Crane (A Smiths Group Company), ITT Goulds Pumps (A Division of ITT Inc.), SPP Pumps Limited, Singla Motors Pvt. Ltd., Mahendra Pumps Pvt. Ltd., Kirk Pumps (Potentially Kirk Process Solutions Ltd.), Titanium Tantalum Products Limited, HiFuni Pumps Pvt. Ltd., C.R.I. Pumps Private Limited, Pumps and Systems Inc., Laxmi Pumps Private Limited, UNNATI MECH PRIVATE LIMITED, Silver Pumps & Motors, Flowserve Corporation, Xylem Inc., Malhar Pump Industrie, Softech Hydraulic & Pneumatic Systems.
What Radial Flow Pump Market Trends Are Gaining Traction Across Different Segments?
Expanding geographically, including the establishment of manufacturing facilities to increase production capacity, improve operational efficiency, and fulfil the rising worldwide demand for high-performance pumping systems, is a priority for key players in the radial flow pump market. Manufacturing plants are industrial sites where raw materials undergo processing and assembly into completed products through an organised production sequence. For example, Xylem Inc., a water technology firm based in the US, opened a new pump production facility in Egypt in July 2023 to strengthen local production and contribute to water infrastructure initiatives. The goal of this facility is to enhance supply chain efficacy, shorten delivery periods for regional clients, and create advanced water and wastewater pumps that are customised to local needs. This growth initiative is consistent with Xylem's ambition to expand its influence in developing markets.
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Which Regions Are Becoming Hubs for Radial Flow Pump Market Innovation?
Asia-Pacific was the largest region in the radial flow pump market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the radial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Radial Flow Pump Market?
2. What is the CAGR expected in the Radial Flow Pump Market?
3. What Are the Key Innovations Transforming the Radial Flow Pump Industry?
4. Which Region Is Leading the Radial Flow Pump Market?
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