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The global axial flow pump market is expected to exhibit moderate growth during 2021-2026. Axial flow pump is a positive displacement pump used for circulating water in power and chemical manufacturing plants. The pump is usually manufactured using materials, such as cast iron, plastic, aluminum, brass, bronze and ceramics and consists of a horizontal shaft, suction and discharge lines and concrete inlet and outlet canals. It increases the pressure causing an axial acceleration of liquid within the blades. The pumps are widely used for irrigation, sewage treatment, cooling water pumps and operating drainage systems. In comparison to the traditionally used centrifugal pumps, axial flow pumps offer improved flow rate in low-pressure applications with low aerodynamic losses. As a result, it finds extensive applications across various industries, including oil and gas, wastewater treatment, chemical and food and beverage.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, increasing demand for effective wastewater treatment solutions is providing a thrust to the market growth. The pumps are submerged into the water to draw untreated water into the suction bell and discharge it with minimal friction. Axial flow pumps are also widely used for on-shore and off-shore explorations of crude oil to meet the overseas logistics, domestic transportation and energy fuel requirements. In line with this, the pumps are also used for handling flammable, toxic and abrasive chemicals and fluids across automobile, construction and manufacturing industries, thereby contributing to the market growth. Other factors, including extensive infrastructural development, along with the implementation of favorable government policies, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global axial flow pump market to grow at a CAGR of around 4% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global axial flow pump market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco, Ebara Corporation, Grundfos Pumps India Private Ltd, ITT Inc., KSB SE & Co. KGaA, Leo Group Co., Ltd., Pentair, Sanlian Pump Company, Shanghai East Pump (Group) Co. Ltd., Sulzer Ltd., The Weir Group PLC and Wilo SE.
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