By Type (Miniwatt and High Power), By Application (Domestic Water & Wastewater, Chemical Industry, Food &Beverage, Petroleum Industry, Mining Industry, and Others), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentina, Colombia, Germany, Italy, France, UK, Spain, Saudi-Arabia, UAE, South Africa, China, India, Japan, and South Korea), By Company
The Axial Flow Pumps market has been experiencing a positive growth trend due to the rapid modernization of technologies and mechanization in the industrial sector. Axial pumps are used as an impeller that manages the gust of heavy fast-flowing liquid. The product comes in two major forms, the mini watt, and the high-power pumps. The high-power pumps are generally used in the chemical, oil and gas industries due to the high natural pressure of chemicals and hydrocarbons.
According to MarkNtel Advisors’ research report titled “Global Axial Flow Pump Market Analysis, 2020”, the Global Axial Flow Pump Market is anticipated to grow at a CAGR of around 9% during 2020-25. The growth in the axial flow pump market is attributed to the rising demand of these pumps from the industrial end-use sectors such as oil and gas, chemical industry, water and wastewater plants, and food and beverage. Further, with the modernization of technologies, the demand for axial pumps in the agriculture sector has been witnessing significant market growth, owing to its wide-ranging applications in the irrigation system, dewatering of flooded water, and agriculture wastewater treatment.
Based on the application segment of axial flow pumps, the domestic water and wastewater segment dominated the market category dominated the market in 2019, followed by the chemicals industry as stated in the MarkNtel Advisors’ research report “Global Axial Flow Pump Market Analysis, 2020”. The growth in the construction of new houses and the development of existing residential infrastructure are the key causes behind the dominance of the residential sector. With an increment in the disposable income of the consumers and improving living standards of the civilians in the emerging countries, the modernization of houses and the commercial sector has been taking place. The government authorities have been making a huge investment in the management of water generation and its supply infrastructure, to meet the growing demand from various sectors. Thus, this is further projected to upsurge the market growth of the axial water pumps in the forecast period.
The rising degree of government investments in the oil & gas and power sectors in several countries such as India, China, Canada, the US, UAE, Qatar, Saudi Arabia, and Mexico is expected to boost the product demand from the oil and gas industry during 2020-25. Surging demand for crude oil and petroleum products has been boosting the development of exploration industries such as oil and gas industry.on both onshore and offshore oil basins. Axial flow pumps are used in the oil & gas industry to facilitate the transportation and supply of reserves to the households and production centers. Moreover, for onshore applications, pumps are used to control the subsea pressures.
According to MarkNtel Advisors, some the of key competitors operating in the Global Axial Flow Pump include Ebara Corporation, LEO Group, Weir Group, Grundfos Holding, Pentair, Sulzer, Hydra Tech, Ampco Pumps, etc.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Axial Flow Pumps Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, opportunities, regulations in the Global Axial Flow Pumps Market?
Who are the key competitors or market players and how they perform in Global Axial Flow Pumps Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Axial Flow Pumps Market study?
Market Outlook, Segmentation and Statistics
Market Potential & Outlook
Market Segmentation & Outlook
Domestic Water & Wastewater
Middle East & Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
North America Axial Flow Pumps Market Outlook, 2015- 2025F (USD Million)
South America Axial Flow Pumps Market Outlook, 2015- 2025F (USD Million)
Europe Axial Flow Pumps Market Outlook, 2015- 2025F (USD Million)
Middle East & Africa Axial Flow Pumps Market Outlook, 2015- 2025F (USD Million)
Global Axial Flow Pumps Market Policies, Regulations, Application Standards
Global Axial Flow Pumps Market Hotspot and Opportunities
Global Axial Flow Pumps Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Axial Flow Pumps Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold.
Q. What would be the growth rate or CAGR of Global Axial Flow Pumps Market during 2020-25?
A. The growth rate of Global Axial Flow Pumps Market during 2020-25 is forecast to be around 9%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Axial Flow Pumps Market?
A. Ebara Corporation, LEO Group, Weir Group, Grundfos Holding, Pentair, Sulzer, Hydra Tech, Ampco Pumps are few of the leading players in the Global Axial Flow Pumps Market.
Q. Does the report scope cover Global Axial Flow Pumps type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Axial Flow Pumps type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in Global Axial Flow Pumps ?
A. The domestics water & waste water segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Axial Flow Pumps.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Axial Flow Pumps Market Outlook, 2015-2025F
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1. By Type
184.108.40.206. High Power
4.2.2. By Application
220.127.116.11. Domestic Water & Wastewater
18.104.22.168. Chemical Industry
22.214.171.124. Food &Beverage
126.96.36.199. Petroleum Industry
188.8.131.52. Mining Industry
4.2.3. By Region
184.108.40.206. North America
220.127.116.11. South America
18.104.22.168. Middle East & Africa
4.2.4. By Company
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement in Markntel Quadrant
5. North America Axial Flow Pumps Market Outlook, 2015-2025F
5.1. Market Potential & Outlook
5.1.1. By Revenues
5.2. Market Segmentation & Outlook
5.2.1. By Type
5.2.2. By Application
5.2.3. By Country
5.3. The US Axial Flow Pumps Market Outlook, 2015-2025F