Axial Flow Pump Market to Witness an Outstanding Growth During 2021- 2026

(The Express Wire via Comtex)

The global axial flow pump market size will gain impetus in the forecast duration owing to the increasing investments in wastewater treatment worldwide. A report on this market by Fortune Business Insights™ titled, “Axial Flow Pump Market Size, Share and Industry Analysis, By Type (Miniwatt, High Power), By Application (Wastewater and Water, Oil and Gas, Petrochemical and Chemical, Food and Beverages, Mining, Others) and Regional Forecast, 2019-2026,” presents an elaborate analysis with prime emphasis on key industry insights.

According to the present axial flow pump market trends, the mini watt axial flow pump segment will earn a high axial flow pump market share with respect to type. This is because of the high demand from various end user segments, further attributed to the technological advancements in the past few years.

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Some of the keyaxial flow pump market manufacturers include:

  • Thomas and Associates "The Pump Specialists"
  • Holland Pump Company
  • Hebei Zidong Pump Industry Co., Ltd.
  • PumpWrxs and Controls
  • MWI Pumps
  • JeffPro Fluid Solutions - Pumps and Packaged Pump Systems
  • Ruthman Companies
  • Patterson Pump Company
  • Brehnor Pumps (Pty) Ltd
  • Huayang Intelligent Pumps
  • Sintech Pumps
  • Emile Egger and Cie SA
  • Flowmore Limited

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Asia Pacific to Dominate Market with Increasing Agricultural Cultivation Activities

On a geographical basis, the global market is categorized into five major regions, namely Europe, Latin America, Asia Pacific, the Middle East and Africa, and North America. These regions are further sub-categorized into countries. Among these, a dominant market share has been earned by Asia Pacific on account of the rise in agricultural cultivation activities and a surge in exploration activities in the region. India and China are dominating the industrial and agricultural sectors in the region and are thus the major nations promoting the regional market growth.

Rise in Oil Field Exploration Activities Worldwide to Promote Growth

The most significant factor boosting the market growth is the increasing investments made in wastewater management. In addition to this, the rise in oil field activities is likely to help attract highmarket revenue in the forthcoming years. Moreover, the rapid rate of industrialization and urbanization worldwide is prognosticated to help augment the overall market growth in the coming years.

However, the inefficiency caused by viscous fluids while operating pumps may hamper the market size in the forecast period. This, coupled with the difficulty faced by these pumps to function under high pressure, may also restrict the market growth in the future.

Merger and Acquisition Strategies Adopted by Players will Bode Well for Players

Major market vendors are focusing on the development of new products to gain traction. Moreover, companies are also entering into strategic collaborations, mergers and acquisitions, contracts and agreements, and others to make their mark in the top list and toughen the competition for other players.

Regional Analysis Market Research Report:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

Some of the key industry developments in the axial flow pumpmarket are:

February 2019 The leading designer and manufacturer of axial and centrifugal flow pump, namely Rheinhutte Pumpen Group, were acquired by ITT by an agreement announced in February this year. This agreement will help promote the presence of ITT in the European nations with a range of expanded products and further enhance the manufacturing, engineering, pump, channel, and testing capabilities of the overall axial flow pump market in the region.

April 2019 -Zehnder Pumpen GmbH, A German pump producing company, was acquired by SFA Group in April. This acquisition is anticipated to help multiply the sale of the pump, especially in Germany. Besides this, this strategy will also help to increase the global presence of the company by taking help from 60 distributors worldwide.

Highlights of the Report:

  • 360-degree overview of the market with base and forecast figure, and CAGR
  • Important drivers, restraints, trends, and opportunities of the market.
  • List of significant players in the axial flow pump market
  • Key Industry developments and their impact on the market
  • Detailed segmentation of the market and names of leading segment
  • Interesting industry insights
  • Other axial flow pump market trends

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Major Table of Content -

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Market Analysis, Insights and Forecast, 2026
  6. North America Market Analysis, Insights and Forecast, 2026
  7. Europe Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific AMarket Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Market analysis, Insights and Forecast, 2026
  10. Latin America Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in "Energy and Power"Industry)

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Press Release Distributed by The Express Wire

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