Global Axially Split Pump Market Insights Forecasts to 2033

• The Global Axially Split Pump Market Size was Valued at USD 5.28 Billion in 2023
• The Market Size is Growing at a CAGR of 5.37% from 2023 to 2033
• The Worldwide Axially Split Pump Market Size is Expected to Reach USD 8.91 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Axially Split Pump Market Size is Anticipated to Exceed USD 8.91 Billion by 2033, Growing at a CAGR of 5.37% from 2023 to 2033. The incorporation of digital monitoring and Internet of Things technology into pump systems presents a significant opportunity. These developments lower operating costs and increase pump reliability by enabling predictive maintenance and real-time performance tracking.   

Market Overview  

Axially split pumps, also known as split casing pump designs, have two volutes, twin wear rings, two mechanical seals or packing boxes, twin impellers on a shaft, and bearings. They are extensively used in water and oil pipelines, where they operate around the clock to move heavy loads over long distances, and they are well known for their extraordinary efficiency. Axial split pumps have become indispensable for sectors needing dependable and long-lasting fluid handling solutions due to their effectiveness in handling vast volumes of liquid at low to medium pressure. Growing demand from sectors including power generation, water treatment, oil and gas, and chemical production has driven the growth in axial split pump market. The need for water and wastewater treatment facilities where axial split pumps are driven by due to ongoing infrastructure initiatives, especially in emerging nations. Pump technology developments and an increased focus on infrastructure development are two other factors driving the growth in the axially split pump market.    

Report Coverage

This research report categorizes the axially split pump market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the axially split pump market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the axially split pump market.

Driving Factors

The growing need for dependable and effective pump solutions in a range of commercial and industrial applications is the main development factor driving the axially split pump market. The growing need for water and wastewater management systems is a major driver of the growth axially split pump market.  Technological developments and the growing use of intelligent and energy-efficient pump solutions are driving the growth in axially split pumps market. One of the main development drivers would be the move towards energy-efficient and sustainable technologies.

Restraining Factors

Advanced pump systems are expensive initially, which is a major restriction in the axially split pump market. Energy-efficient and smart pump technologies have several long-term advantages, but certain customers can find them prohibitively expensive upfront, especially in regions where consumers are price-sensitive. 

Market Segmentation

The axially split pump market share is classified into type, application, and end user.   

• The single-stage segment is estimated to hold the largest market revenue share through the projected period.  

Based on the type, the axially split pump market is classified into single-stage and multi-stage. Among these, the single-stage segment is estimated to hold the largest market revenue share through the projected period. The delivery of low to medium heads is frequently served by single-stage pumps. These pumps are more affordable and easier to repair due to their simpler designs and fewer parts.

• The water & wastewater segment is anticipated to hold a significant market share through the forecast period.

Based on application, the axially split pump market is divided into water & wastewater, oil & gas, power generation, chemical, and others. Among these, the water & wastewater segment is anticipated to hold a significant market share through the forecast period. In the water and wastewater segment, pumps are crucial to control industrial effluent, sewage disposal, and municipality water supply.

• The industrial segment is anticipated to hold the largest market share through the forecast period.

Based on the end user, the axially split pump market is divided into industrial, commercial, and residential. Among these, the industrial segment is anticipated to hold the largest market share through the forecast period. The industrial segment is a result of the widespread usage of axially split pumps in a variety of industries, including water and wastewater management, power production, chemical, and oil and gas. These industries' need for dependable and effective pump solutions is driving the industrial segment expansion.

Regional Segment Analysis of the Axially Split Pump Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the axially split pump market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the axially split pump market over the predicted timeframe. The market for axially split pumps is anticipated to grow significantly in the Asia Pacific region due to the fast industrialization and urbanization of nations like China and India. The region's market is expanding as a result of significant expenditures in infrastructure development and the rising need for effective water and wastewater management systems. Government programs and investments in sustainable energy and water management projects are anticipated to propel the Asia Pacific market.   

North America is expected to grow at the fastest CAGR growth of the axially split pump market during the forecast period. The market for axially split pumps in North America is driven by strict environmental regulations and continuous improvements in industrial infrastructure. This region's market is expanding as a result of the need for dependable and effective pumping solutions in the power generating, water and wastewater, and oil and gas industries.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the axially split pump market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Flowserve Corporation
• Sulzer Ltd.
• SPX FLOW, Inc.
• Xylem Inc.
• DESMI A/S
• Grundfos Holding A/S
• HMS Group
• Pentair plc
• Weir Group PLC
• Torishima Pump Mfg. Co., Ltd.
• Kirloskar Brothers Limited
• Dover Corporation
• Ebara Corporation
• Others    

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the axially split pump market based on the below-mentioned segments: 

Global Axially Split Pump Market, By Type

• Single-Stage
• Multi-Stage

Global Axially Split Pump Market, By Application 

• Water & Wastewater
• Oil & Gas
• Power Generation
• Chemical
• Others

Global Axially Split Pump Market, By End User

• Industrial
• Commercial
• Residential

Global Axially Split Pump Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa