Axial Flow Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Axial Flow Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2021 | Energy & Mining

Report Digest


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:

  • Xylem Inc.
  • Ebara Corporation
  • ITT Inc.
  • Weir Group plc
  • Grundfos Holding A/S
  • Sulzer AG
  • Pentair plc
  • KSB SE & Co. KGaA
  • Leo Group Co. Ltd

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?