Global Axial Flow Pump Market Expected To Grow By 4.41% CAGR During The Projection Period

The global axial flow pump market size was worth around USD 27 billion in 2021 and is predicted to grow to around USD 42 billion by 2028 with a compound annual growth rate (CAGR) of roughly 4.41% between 2022 and 2028.

Axial flow pumps (AFPs) sometimes also referred to as propeller pumps are a kind of centrifugal pump capable of moving fluids axially with the aid of an impeller. One of the leading causes of AFPs gaining popularity is their ability to provide a high flow rate and low head. There are some models that can be customized or adjusted to provide efficient and desired results by altering the impeller pitch. Axial flow pumps use fluid velocity and momentum to generate pump pressure making them dynamic in nature. In precise terms, they are centrifugal machines that are capable of generating velocity by using an impeller that applies centrifugal force to the moving liquid. AFP is one of the three subtypes of centrifugal pumps, the other two being radial and mixed flow.

The main characteristics of an axial flow pump are the lowest discharge pressures and highest flow rates. The fluid flow is directed in a line parallel to the impeller shaft that is shaped like a propeller but has only a few vanes. A motor is used to drive the impeller that may be either directly sealed on the pump body or it may be driven by a shaft that launched into the pipe tube from the side. The performance deliverables of axial flow pumps are different from other pumps. Generally, a pump performance curve provided by the manufacturer is used to determine the correlation between the head and capacity of the given pump. AFPs are made of different types of materials which are decided depending on the factors like system requirements, surrounding environment, and media type.

Cast irons are capable of providing durability, high tensile strength, and high resistance to abrasion which corresponds to a high-pressure rating. On the other hand, plastics are cost-effective, affordable, and highly resistant to chemical attacks and corrosion. Stainless steel alloys and steel protect against rust and chemical corrosion while also providing high tensile strengths as compared to plastics. Some other materials used in manufacturing AFP are bronze, brass, aluminum, nickel-alloy, and ceramic.

The global market cap witnessed a decline during 2020 owing to the negative implications resulting from Covid-19. The concerns were related to the timely supply of raw material, availability of employees at work sites, and production halt for months as a direct consequence of total lockdowns witnessed across the globe. Consumers of axial flow pumps were also inactive during this time and hence there was overall lesser demand for the devices in the global market.

The global axial flow pump market is expected to grow owing to the rising use of these devices in the chemical and oil & gas industry which are amongst the top consumers of AFPs along with the agricultural sector. The oil & gas industry currently holds a market value of USD 6800.04 billion and is expected to grow at a high CAGR of 12% by the end of the decade. Axial flow pumps are widely preferred in these segments because of their properties like simple structure, convenient installation, excellent heat dissipation, and easy maintenance making them widely popular in industries that deal with low to semi-viscous fluids and their drainage.

The global market growth is also anticipated to be driven by the applications of AFP in sewage maintenance processes. With the increasing industrialization, and its impact on the environment, it has become necessary to upgrade systems related to wastewater management. Axial flow pumps are key contributors in this segment and the rising investment in sewage maintenance is expected to drive the global market forward.

The challenges posed in regards to the use of highly viscous fluid may restrict the global market growth while the increase in water management systems in developing and populated economies is projected to provide expansion opportunities. The global market may witness some challenges owing to the presence of other forms of high-powered flow pumps.

The global axial flow pump market is segmented based on product, application, end-use, and region.

By product, the global market is divided into vertical and horizontal. The global market generated the highest revenue in 2021 from the horizontal axial flow pumps, and the CAGR for the segmental growth is around 4.25% during the projection period. The factors contributing to the high adoption rate are the ease of use, hassle-free assembling and disassembling of the equipment, along with other factors like high discharge rate, quick inspections, and adjustable pump housing.

Based on application, the global market segments are irrigation, water treatment, evaporators, and others. The global market is dominated by the irrigation segment since the device is capable of providing high flow rates at low pressures which is most suitable for processes like irrigation, sewage management, and others. For instance, as per data submitted by Chenyu, China is expected to invest around 120 billion yuan by 2025 in upgrading sewage management systems.

Based on end-use, the global market is segmented into municipal, chemical, pulp & papers, agriculture, food & beverages, and others. Agriculture led the global market share in 2021 and may grow at a CAGR of 3.9% by 2028. The growth is driven by the high demand for the products amongst agricultural leaders owing to the benefits of the axial flow pumps like easy drainage. Fisheries is another segment that utilized AFPs to great extent and contributes heavily to the segmental growth.

Asia-Pacific is projected to generate the highest revenue in the global axial flow pump market during the forecast period because of growing investments in the chemical, agricultural, and food & beverages sectors in economies like India and China. The chemical industry in India is ranked in the sixth position and was estimated at a market value of USD 100 billion in 2019. With total revenue of more than USD 1500 billion in 2020,

China has become the largest chemical producer globally. It contributed over 44.1% of the total global chemical market revenue in 2020. These factors are anticipated to aid regional growth. In North America, the market expansion can be expected due to the increasing presence of advanced technologies and processing capabilities. The growth may be propelled by the rise in research & development activities in the manufacturing sector. European market growth is projected to be driven by the rise in government undertakings for upgrading wastewater treatment processes

The global axial flow pump market houses players like Grundfos, Xylem, Sulzer Ltd., KSB SE & Co. KGaA, Pentair, and Weir Group PLC.

Recent Developments:

• In May 2019, All-Flo Pump Company was acquired by Dover Corporation resulting in All-Flo pumps products now being a part of Dover’s fluid segment. The acquisition has helped Dover Corporation strengthen its foothold in the global market.
• In April 2019, Zehnder Pumpen GmbH was acquired by SFA Group. Zehnder Pumpen is a Germany-based pump producer. The acquisition has resulted in SFA group expanding its customer database, especially in Germany, and is in sync with its vision to become a global leader.

Browse the full “Global Axial Flow Pump Market By Application (Irrigation, Water Treatment, Evaporators, and Others), By Product Type (Vertical, and Horizontal), By End-Use (Municipal, Chemical, Pulp & Paper, Agriculture, Food & Beverages, and Others), and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028???????.” Report at https://www.zionmarketresearch.com/report/global-axial-flow-pump-market

The global axial flow pump market is segmented as follows:

By Application

• Irrigation
• Water Treatment
• Evaporators
• Others

By Product Type

• Vertical
• Horizontal

By End-Use

• Municipal
• Chemical
• Pulp & Paper
• Agriculture
• Food & Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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