What is Global Axial Flow Impeller Pumps Market?
The Global Axial Flow Impeller Pumps Market is a sector that focuses on the production and distribution of axial flow impeller pumps. These pumps are a type of centrifugal pump that uses an impeller with vanes that direct the flow axially. They are designed to move large volumes of fluid with low levels of head, making them ideal for applications where high flow rates are required. The market for these pumps is vast and varied, encompassing a range of industries and applications. The global market value for these pumps was estimated at US$ 413.5 million in 2022, with projections indicating a growth to US$ 545.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period of 2023-2029. The market is dominated by key players such as Sulzer, Grundfos, and Weir Group, which collectively account for a 33.62% share of the global market.
Horizontal Pump, Vertical Pump in the Global Axial Flow Impeller Pumps Market:
The Global Axial Flow Impeller Pumps Market can be segmented based on the type of pump, namely horizontal and vertical pumps. Horizontal pumps are typically used in applications where the surface of the liquid is easily accessible, and the pump can be installed next to the liquid. They are commonly used in industrial and municipal water supply systems. On the other hand, vertical pumps are used when the liquid surface is not easily accessible, such as in deep wells or underground tanks. These pumps are often used in applications that require the pumping of water from great depths, such as in the oil and gas industry. Both types of pumps play a crucial role in various industries, contributing significantly to the overall market value.
Water and Wastewater, Chemical Industry, General Industry, Power, Other in the Global Axial Flow Impeller Pumps Market:
The Global Axial Flow Impeller Pumps Market finds its usage in various areas such as Water and Wastewater, Chemical Industry, General Industry, Power, and Others. In the Water and Wastewater sector, these pumps are used for the treatment and distribution of water, as well as the disposal of wastewater. In the Chemical Industry, they are used for the transfer of various chemicals and other fluids. In the General Industry, these pumps find their application in various processes that require the movement of large volumes of fluid. In the Power sector, they are used in cooling systems and other applications that require the circulation of water or other fluids. Lastly, in the Other sector, these pumps are used in a variety of applications, ranging from agriculture to mining.
Global Axial Flow Impeller Pumps Market Outlook:
The market outlook for the Global Axial Flow Impeller Pumps Market is promising. In 2022, the market was valued at US$ 413.5 million and is expected to grow to US$ 545.9 million by 2029. This growth is expected to occur at a CAGR of 4.0% during the forecast period of 2023-2029. The market is dominated by key players such as Sulzer, Grundfos, and Weir Group, which collectively hold a 33.62% share of the global market. This data indicates a steady growth in the market, with these key players continuing to play a significant role in the market's expansion.
| Report Metric | Details |
| Report Name | Axial Flow Impeller Pumps Market |
| Accounted market size in 2022 | US$ 413.5 million |
| Forecasted market size in 2029 | US$ 545.9 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Grundfos, Flowserve, ITT, KSB, Sulzer, Ebara, Xylem, Weir Group, Pentair, Zigong Pump, DNB, LEO |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
