Axial Flow Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Axial Flow Pump Market - Overview
The axial flow pump market is predicted to rise steadily in the forthcoming years. Axial flow pumps are commonly found in circulating water pumps or for flood dewatering applications. Typically, axial flow pumps are used where large quantities of water need to be transported for short distances. Transport of fluids in power plants, evaporators, and sewage digesters are some areas where axial flow pump is used in power plants. Collectively, this fuels growth of axial flow pump market.
Domestic water and wastewater, petroleum, chemical, and food and processing are key end users of axial flow pumps for water and fluid management.
TMR Research (TMR) in one of its upcoming research publications throws light on growth trends and opportunities likely to come to the fore in the forecast period between 2018 and 2028.
Axial Flow Pump Market: Competitive Landscape
On the competitive outlook, key players in the axial flow pump market are entering into strategic alliances for growth. Top players that operate globally are striving for M&As with small and regional players to expand their product portfolio and geographical presence.
Besides this, efforts to expand and improve service networks and after sales service is another growth strategy of players in the axial flow pump market.
Further, regional companies are entering into strategic partnerships with large global players to expand their product line with international standards. Large companies, in turn, gain benefit from local outreach of regional players. This translates into a win-win situation for both the players.
Key players operating in the axial flow pump market include:
Axial Flow Pump Market: Key Trends
Axial flow pumps find wide use for channeling of rain water in housing communities, thus influencing growth of axial flow pumps= market. Axial flow pumps also find use in wastewater industries due to their functional capacity, maintenance and operation, and controlled flow rate of water.
In urban areas of emerging economies, rapid development of housing communities that require proper channeling of rain water and proper sewage disposal system are some key factors stoking demand of axial flow pumps. The axial flow pumps= market gains, in turn.
Further, considerable distance between freshwater sources and residential areas in urban areas necessitates municipal authorities to invest heavily in pumping solutions. This, in turn, fuels demand for axial flow pumps for civic use.
Oil & gas sector is likely to emerge as a key end user for axial flow pumps, thereby contributing significant revenue to the axial flow pumps= market. Rapidly increasing demand of crude oil for transportation, energy, supply and logistics leading to amplified onshore and offshore oil and gas exploration is serving to boost demand for axial flow pumps.
Apart from this, the chemical sector is predicted to display notable growth in the axial flow pump market due to their capability to withstand flammable, viscous, and abrasive fluids.
Axial Flow Pump Market: Regional Outlook
North America is a key axial flow pump market due to substantial investments for water treatment facilities. Besides this, significant investments for exploration of unconventional both onshore and offshore oil reserves is stocking demand for axial flow pumps in the region.
Europe holds significant share in the axial flow pump market. High spending in water and wastewater sector account for continued demand for axial flow pumps in the region.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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