Axial Flow Pump Market Poised to Hit $41.74 Billion by 2029 with Accelerating Growth Trends

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Axial Flow Pump Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, the market size of the axial flow pump has experienced consistent growth. It is expected to escalate from an estimated $33.68 billion in 2024 to approximately $34.58 billion in 2025, boasting a compound annual growth rate (CAGR) of about 2.7%. The expansion during this historical timeframe can be ascribed to factors such as industrial development and infrastructure growth, agricultural broadening, global awareness of water scarcity, concentration on energy efficiency, along with government policies and regulations.

How Will the Axial Flow Pump Market Size Evolve and Grow by 2029?
The market for axial flow pumps is anticipated to experience consistent expansion in the upcoming years, with projections suggesting it will reach a value of $41.74 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.8%. This expected surge during the predicted period can be linked to the inclusion of renewable energy, increased emphasis on sustainable farming, investments in water infrastructure, the development of smart cities, and adaptation to climate change. Key trends during the predicted period will be digitalization and the integration of the Internet of Things (IoT), technological progress, a competitive market environment, considerations of the environment, and advancements in materials.

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What Drivers Are Propelling the Growth of Axial Flow Pump Market Forward?
The growth of the axial flow pump market is being significantly influenced by the growing need for freshwater. These pumps are utilized in the speedy transportation or pumping of massive amounts of liquid from freshwater sources like rivers, lakes, and wells to various uses including treatment plants, irrigation, flood control, and drainage operations, generating high pressure and transporting fluid over a big vertical distance in a short time by decreasing the turbulence. As an illustration, a report released by the Guardian, a UK-based daily newspaper company, in 2023 suggested that the demand for freshwater is predicted to exceed supply by 40% by 2030. Consequently, the increasing need for freshwater will spur the axial flow pump market's growth.

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Which Emerging Trends Are Transforming the Axial Flow Pump Market in 2025?
Technological innovation is the key trend gaining popularity in the axial flow pump market. Major companies operating in the axial flow pump market are focusing on developing new axial flow pump offerings with more corrosion resistance and durability. For instance, in November 2023, Baker Hughes Company, a US-based axial flow pump and energy technology company, launched the PythonPipe portfolio, the most recent advancement in reinforced thermoplastic pipe (RTP) technology, allowing for speedier installation, a shorter time to first production, and fewer lifecycle emissions. The PythonPipe portfolio includes American Petroleum Institute 15s-certified, flexible, and non-metallic RTP with many sizes, materials, and liner choices, offering up to a 60% decrease in installation time and at a fifth the cost of comparable steel installation. PythonPipe offers both efficient and sustainable processes by achieving up to a 75% decrease in carbon emissions during its lifespan, up to an 80% reduction in maintenance expenses, and up to a 60% reduction in manpower required.

What Are the Key Segments in the Axial Flow Pump Market?
The axial flow pumpmarket 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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Who Are the Key Players Shaping the Axial Flow Pump Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in 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

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