Global Axial Flow Pump Market Size To Worth USD 42.1 Billion by 2030 | CAGR of 4.4%

Global Axial Flow Pump Market Size To Worth USD 42.1 Billion by 2030

The Global Market for Axial Flow Pump estimated at USD 27.4 Billion in the year 2021, is projected to reach a revised size of USD 42.1 Billion by 2030, growing at a CAGR of 4.4%. as per the latest research report by Spherical Insights & Consulting.

Increasing investment by corporations in the Middle East and Africa to expand their petroleum & energy business and geographical presence is likely to drive market growth. The global expansion of the water-treatment industries in recent years is expected to stimulate the need for axial flow pumps. This is owing to rising freshwater demand caused by population growth, rapid industrial development, and technological improvements. Furthermore, increased government expenses for energy production and petroleum sector expansion are likely to fuel the market throughout the forecast period.

Browse key industry insights spread across 200 pages with 119 market data tables and figures & charts from the report "Global Axial Flow Pump Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Product Type (Horizontal and Vertical), Application (Water Treatment, Irrigation, Evaporators, and Others) and End-Use (Chemical, Municipal, Pulp & Paper, Food & Beverage, Agriculture, and Others): By Region (U.S., Canada, Mexico, Rest of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, the Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021-2030"

in detail along with the table of contents https://www.sphericalinsights.com/reports/axial-flow-pump-market

Axial flow pumps are progressively being used in the construction of water purification and municipal sewage facilities in nations such as the United States, China, the United Arab Emirates, India, and Australia, which is projected to boost the market throughout the forecast period. Furthermore, the use of axial flow pumps in the biochemical industry is expected to increase since they provide a high flow velocity with regulated vertical heads, preventing spillage.

Wastewater management businesses such as Veolia and Xylem Inc. are collaborating with axial flow pump producers on the R&D of innovative and efficient machines to maximize output, resulting in market growth. Furthermore, axial flow pump manufacturers are implementing value chain integration strategies to track the kind of raw resources used in pump manufacturing as well as the efficiency of specific cases.

Customer income declines and international travel restrictions have reduced demand for axial flow pumps in the refining sector. According to a report published by the US Bureau of Labor Statistics, worldwide oil demand fell by 3 million barrels per day in March 2020 because of lockdowns and transportation limitations. Furthermore, around 180 nations have temporarily halted the trade of superfluous products, which has impeded the demand-supply cycle of axial flow pumps during the COVID-19 scenario. However, demand for axial flow pumps in sectors such as agriculture, food processing, and others has kept the axial flow pump market in the lead during the COVID-19 crisis.

Segmentation:

By Product Type

• Horizontal
• Vertical

By Application

• Water Treatment
• Irrigation
• Evaporators
• Others

By End-Use

• Chemical
• Municipal
• Pulp & Paper
• Agriculture
• Food & Beverage
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia

About the Spherical Insights & Consulting

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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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