05 September 2019
Visiongain’s new report the Axial Flow Pump Market Report 2019-2029: Forecasts by Type (Mini Watt, High Power), by Material (Aluminum, Cast Iron, Brass, Bronze, Ceramics, Nickel-Alloy), by Application (Irrigation, Land Drainage, Flood Control, Recirculation, River Intake, Cofferdams, Dry Docks, Water Treatment, Pollution Effluent Control) Plus Leading Company Analysis and Regional and Leading National Market Analysis.
Increasing Demand for Axial Flow Pump from various Industries
Axial pump, also known as a propeller pump, is a sort of centrifugal pump that consists of an impeller positioned in a pipe that axially moves the fluid through the impeller. Low discharge pressures and elevated flow rates characterize axial pumps. They are commonly used in power plants, dewatering applications, and chemical industries to circulate big amounts of liquids for the circulation of water. They are also used in municipal, commercial and industrial wastewater handling. These trends are anticipated to boost demand for industrial pumps that can deliver utility functions and handle subsea pressures. Axial pumps have a wide variety of applications and can handle the most flammable, viscous, aggressive, and abrasive fluids with ease.
Increasing demand for axial flow pumps in mechanical sectors involves driving variables responsible for the development of axial flow pumps sector. The axial flow pumps market segmentation product contains miniwatt and high energy. Based on application segmentation, irrigation, land drainage, flood control, recirculation, river intake, cofferdams, dry docks, water treatment, pollution effluent control are included in the axial flow pumps sector. Axial flow pump industry segmentation involves aluminum, cast iron, brass / bronze and others.
Leading Regional & National Analysis
Over the forecast period, the market in North America is expected to expand steadily, driven by increased investment in water treatment equipment. Asia Pacific appeared with a market share of 38.1 percent as the biggest market for flow pumps in 2018. The region is anticipated to present the region's pump producers with huge growth opportunities. The European industry stood at USD 9.1 billion in 2018 and over the forecast period is projected to expand. Increased expenditure on water and wastewater and strict regulations are anticipated to drive market growth over the forecast period. From 2019 to 2029, the German market is expected to expand at a CAGR of 5.4 percent. Technological breakthrough and heavy investment in the country's industrial research has led to the growth of high-performance chemicals, active pharmaceutical ingredients, and polymers. The country's anticipated significant increase in chemical processing operations will drive demand for flow pumps to handle slurries, pastes, and other viscous fluid media.
Manufacturers have taken several approaches to obtain a competitive advantage in the market for axial pumps. In order to expand their product portfolio, international players focus on strategic purchases of tiny and medium-sized businesses. Companies involved in the production of these pumps also focus on improving and extending their after-sales and service networks to meet their customers ' requirements quickly. Regional businesses have established strategic alliances with significant global players to support product development in line with global norms.
Xylem Inc., Grundfos Holding A/S, Sulzer AG, KSBSe & Co. KGAA, Pentair Plc, Weir Group Plc, Wilo SE, Leo Group Co., Ltd., Atlas Copco Ab, ITT Inc., Ebara Corporation, Xiangtan Electric Manufacturing Group Co., Ltd. (XEMC)
The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.
The Axial Flow Pump Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.
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