Global Axial Flow Pump Market : 2020-2027

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Global Axial Flow Pump Market holds potential to reach US$XX billion by 2027, driven by multiple factors.

The axial flow pump market drivers and restraints are covered in the report by region since each region has different market dynamics. Demand drivers and restraints are covered in separate chapter by keeping the user’s convenience in mind. Drivers are divided by demand side drivers and supply side drivers.

• Demand Side Drivers:

o Globally, the upcoming exploration and refinery projects in the petrochemical industry are expected to increases the demand for axial flow pumps by xx% by 2027, however, by region picture is not the same.
o The Asia Pacific is expected to dominate the global market with xx% market share by 2027 owing to the rising exploration activities and the growth in agriculture and the water & wastewater industry.

• Supply Side Drivers:

o The axial flow pump market is driven by Grundfos Holdings A/S, Xylem, Inc., and Sulzer AG are meeting xx% of the demand in 2019.
o In April 2019, SFA Group has acquired the ZehnderPumpen GmbH, is a German pump manufacturer ...
... for industry, homes, and gardens. The acquisition will help SFA group to increase its sales by xx% especially in Germany and also increase the global presence with the help of 60 distributors globally.

Drivers: Rising investments by key players, the rise in the water and wastewater treatment industry, the development in the power generation and petroleum sectors, and the rapid urbanization and industrialization, among others are the key factors resulting the market to grow at a CAGR of 7.4% by 2027.

Restraints: The inefficiency faced in the operation of the pump

The inefficiency faced in the operation of the pumps while dealing with the viscous fluids may hamper the market growth at global level. The rise in viscosity will effectively reduce a pump’s efficiency in conjunction with marked reductions in head and flow. Several techniques and correlations have been developed to calculate the reduction rate in axial flow pump performance when handling viscous fluids.

Covid-19 Impact on the smart phone market:

The COVID-19 outbreak has negatively impacted the global axial flow pump market owing to the lockdowns imposed in several countries across the world. The pandemic has disrupted the momentum of the production and supply chain systems such as transportation and distribution mechanisms among suppliers, manufacturing units, and consumers.

Customers are living, thinking, and purchasing in a different way. Retailers are closing stores and reduce opening hours to help to reduce the spread of COVID-19. Globally, Consumers are looking at products and brands through e-commerce. Supply chain point of view, the majority of raw materials are imported from emerging economies in Asia pacific. The foreign direct investment (FDI) will reduce approximately 15% due to an operation drop in the manufacturing sector in terms of an industrial unit shutdown.

Segment Analysis:

The high power segment has led the axial flow pump market in 2019(for e.g., Miniwatt, and High Power)

Based on type, the high power segment has led the axial flow pump market in 2019 and is expected to reach US$ xx Mn during the forecast period, with the CAGR of xx%. This segment growth is attributed to the technological developments in the power generation sector and the increased demand for high power pumps in various applications like flood dewatering and water and wastewater treatment. But, the miniwatt segment is likely to grow at a CAGR of 3.1% in the forecast period. The rising demand for new industrialization practices along with industrial expansion in emerging economies will increase the demand for miniwatt in the axial flow pump market over the forecast period.

Global Axial Flow Pump Market

Regional Insights:

Global Axial Flow Pump Market1

Asia Pacific has led the axial flow pump market in 2019.

Asia Pacific held the dominant market share of 41.6% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with the CAGR of xx%. The growth in the end-use industries like petroleum and domestic water and wastewater are expected to impel the market growth in the coming years.

The presence of large manufacturing base in emerging economies such as China and India thanks to the cheap labor costs and supportive government policies are likely to create lucrative opportunities for pump manufacturers in Asia pacific.

Increasing investments in the R&D activities for the introduction of an advanced type of axial flow pumps are predicted to accelerate the market growth over the forecast. Developing countries such as China and India are the leading contributor to regional market growth. Among these, China accounted for the largest market share of xx% in 2019 because it’s the leading consumer of axial flow pump in the Asia Pacific. India is the fastest-growing country in the regional market.

North America is showing the fastest growth in the axial flow pump market during the forecast period.

In terms of value, North America is expected to grow at a CAGR of xx% during the forecast period. The ongoing exploration and production activities in the onshore and offshore field and R&D activities for pump manufacturing will propel the market growth in North America.

The objective of the report is to provide the following:

• To provide market size, forecast data for global, regional and market segments
• To provide strategic developments, benchmarking and market share analysis of 10 players operating in the global axial flow pump market
• Detailed insights on drivers, restraints, opportunities, and challenges in the axial flow pump industry
• Impact of technological advancements in the axial flow pump market and its future outlook
• High level insights on the regional and country level analysis along with regional attractiveness
• Market intelligence on the growth trends and opportunity analysis in the axial flow pump market at the segmental and overall market levels
• In-depth coverage of SWOT, PORTER, PEST and VALUE & SUPPLY CHAIN
Scope of the report

Global Axial Flow Pump Market, by Metal Type:

• Miniwatt
• High Power
Global Axial Flow Pump Market, by Application:

• Domestic Water
• Waste Water
• Petroleum
• Chemical
• Food and Beverage
Global Axial Flow Pump Market, by Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Axial Flow Pump Market, Major Players:

• Xylem, Inc.
• Grundfos Holdings A/S
• Ebara Corporation
• Sulzer AG
• Pentair plc
• ITT Inc.
• KSB SE and Co. KGaA
• Weir Group PLC
• Leo Group Co., Ltd.
• Mackwell Pumps & Controls
• Flowserve Corporation
• Shanghai East Pump
• ETEC S.A.
• Wilo SE
• Sanlian Pump Company

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 This Report Is Submitted By : Maximize Market Research Company

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