Axial Flow Pump Market 2022 Latest Report, Business Overview, Technology Features and Analysis by 2030

(Heraldkeepers via Comtex)

Axial Flow Pump Market is valued approximately at USD 32.23 billion in 2019 and is anticipated to grow with a growth rate of more than 3.6% over the forecast period 2020-2027.

Axial pumps, also known as propeller pumps, are used for circulating water in power plants, dewatering applications and also in chemical industries. This pump also manages sewage from commercial, municipal and industrial operations. Axial pumps have low aerodynamic losses, short blade lengths, higher stage efficiencies, smaller in dimensions and easy to handle. The axial pumps are widely used in various end use applications such as petrochemical & chemical, wastewater and water, food & beverages, pharmaceuticals, oil & gas, mining and others. The growing investment in the wastewater treatments plants as well as rising demand for freshwater due to population growth, rapid urbanization and industrialization are the few factors responsible for growth of the market over the forecast period.

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According to California Water Association, California's largest regulated water utilities invested around USD 645 million in the year 2017 to improve & upgrade the infrastructure that delivers water to the communities of the province. The California water association represents around 100 water utilities which are regulated by the California Public utilities commission that serves approximately 6 million individuals in California. Similarly, according to water world report, an estimation of total length of the sewer network is around 3 million across the Europe Union and more than 18,000 waste water treatment plants are installed in these regions. However, the inefficiency faced in the operation of the pumps while dealing with the viscous fluids is the major factor restraining the growth of global Axial Flow Pump market during the forecast period.

The regional analysis of global Axial Flow Pump market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the tremendous growth of the end-use industries, including domestic water and wastewater and petroleum. . Whereas, Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Xylem Inc.
Sulzer Ltd.
Weir Group PLC

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
High Power

By Application:
Domestic Water & Wastewater
Food & Beverage

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Axial Flow Pump Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Factors Influencing

The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.

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COVID-19 Impact Analysis

The COVID-19 pandemic has affected almost every industry. The market witnessed a significant decline in investments, mainly in the energy and power sector. According to the estimations by the International Energy Agency, investments in the energy and power domain are projected to decrease by 10% in 2020 as compared to the pre-pandemic statistics. This indicate the condition of global marketplace along with severe challenges faced during pandemic.

Regional Analysis

Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments' initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.

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What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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Source - HeraldKeeper
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