The axial flow pump market size has grown steadily in recent years. It will grow from $33.68 billion in 2024 to $35.14 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to industrialization and infrastructure development, agricultural expansion, global water scarcity concerns, energy efficiency focus, government initiatives, and regulations.
The axial flow pump market size is expected to see strong growth in the next few years. It will grow to $43.06 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to renewable energy integration, rising focus on sustainable agriculture, water infrastructure investments, smart cities development, and climate change adaptation. Major trends in the forecast period include digitalization and IoT integration, technological advancements, competitive landscape, environmental considerations, and material innovations.
The escalating demand for freshwater is a significant driver fueling the growth of the axial flow pump market. These pumps are instrumental in swiftly moving large volumes of water from sources such as rivers, lakes, and wells to treatment plants, irrigation, flood control, and drainage systems. The growing demand for freshwater is expected to outpace supply by 40% by 2030, as per a 2023 report by The Guardian, necessitating efficient water movement systems. Consequently, this increasing need for freshwater is poised to propel the axial flow pump market.
The increasing demand for hydropower generation is set to bolster the growth of the axial flow pump market. Axial flow pumps play a pivotal role in water transportation and control systems within hydropower facilities, enhancing the efficiency, reliability, and flexibility of energy generated from hydropower sources. According to the International Energy Agency's July 2023 report, global hydropower output surged by over 70 TWh (nearly 2%), reaching 4,300 TWh in 2022. Hence, the rising demand for hydropower generation significantly drives the axial flow pump market.
The burgeoning oil and gas sector is expected to propel the axial flow pump market's growth. These pumps, known for their high flow rates, are invaluable in transporting large liquid quantities, making them essential assets in the diversified operations of the oil and gas sector. For instance, data from the Energy Information Administration in May 2023 revealed a 5.6% increase in crude oil production in the United States in 2022, reaching 0.6 million b/d. Additionally, in December 2022, US dry natural gas production surpassed 100 Bcf/d, marking record-breaking figures pre-pandemic. Therefore, the expanding oil and gas sector is a key driver behind the growth of the axial flow pump market.
Technological innovation stands out as a prominent trend in the axial flow pump market. Companies in this sector are intensively focused on developing corrosion-resistant and durable axial flow pump variants. For example, Baker Hughes Company introduced the Python Pipe portfolio in November 2023, a cutting-edge reinforced thermoplastic pipe (RTP) technology. PythonPipe offers quicker installation, reduced time to first production, and fewer lifecycle emissions compared to traditional steel installation methods. With certifications and various size and material options, PythonPipe brings substantial cost and time savings while significantly reducing carbon emissions and maintenance expenses during its lifespan.
In October 2022, Baker Hughes, a prominent US-based oil field services company, completed the acquisition of AccessESP LLC for an undisclosed sum. This strategic move empowers Baker Hughes to expand its suite of oil field services by incorporating AccessESP's equipment into its offerings, thereby enhancing its position within the market for oil field equipment products. Notably, AccessESP LLC, a US-based oil field equipment manufacturer, is recognized for its production of various equipment, including axial flow pumps, contributing to Baker Hughes' diversified portfolio in the oil and gas sector.
Major companies operating in the axial flow pump market include Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Hitachi Industrial Products Ltd., ITT Goulds Pumps, Pentair PLC, Sulzer Ltd., The Weir Group PLC, Xylem Inc., Franklin Electric Co. Inc., Kubota Group, Torishima Pump Manufacturing Co Ltd., Hayward Tyler, Peerless Pump Company, KSB SE & Co. KGaA, Sintech Precision Products Ltd., Moving Water Industries, Holland Pump Company, Patterson Pump Company, Emile Egger & Cie SA, Flowmore Limited, Huayang Intelligent Pumps, Ruthman Companies, Hebei Zidong Pump Industry Co.Ltd, Thomas & Associates, Brehnor Pumps (Pty) Ltd., PumpWrxs & Controls, JeffPro Fluid Solutions - Pumps and Packaged Pump Systems, Handol Pumps Limited, Shanghai Pacific Pump Manufacture (Group) Co.Ltd., Bellflo Engineering Corporation Pte. Ltd., Jiangsu Suhua Pump Co. Ltd., Liancheng Group.
Asia-Pacific was the largest region in the axial flow pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global axial flow pump market report during the forecast period. The regions covered in the axial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the axial flow pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Axial flow pumps, often referred to as propeller pumps, utilize centrifugal force through an impeller to propel liquids. This process generates pump pressure by harnessing the momentum and velocity of the fluid. They find widespread use in dewatering, irrigation processes, and fluid circulation in applications such as sewage digesters, power plants, and evaporators, where there's a requirement for high discharge or flow rates at relatively low pressure levels.
The primary types of axial flow pumps include horizontal and vertical configurations. Horizontal axial flow pumps feature a rotational axis positioned horizontally and are commonly utilized in applications such as irrigation, flood control, and drainage, where high flow rates are needed at low heads. These pumps are extensively applied in water treatment, irrigation systems, evaporators, and various industries including chemical, municipal services, pulp and paper production, agriculture, food and beverage, among others.
The axial flow pump market research report is one of a series of new reports that provides axial flow pump market statistics, including axial flow pump industry global market size, regional shares, competitors with an axial flow pump market share, detailed axial flow pump market segments, market trends and opportunities, and any further data you may need to thrive in the axial flow pump industry. This axial flow pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The axial flow pump market consists of sales of the frame, the floating platform, the engine, the gearbox, the drive shaft, and the propeller. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The axial flow pump market size is expected to see strong growth in the next few years. It will grow to $43.06 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to renewable energy integration, rising focus on sustainable agriculture, water infrastructure investments, smart cities development, and climate change adaptation. Major trends in the forecast period include digitalization and IoT integration, technological advancements, competitive landscape, environmental considerations, and material innovations.
The escalating demand for freshwater is a significant driver fueling the growth of the axial flow pump market. These pumps are instrumental in swiftly moving large volumes of water from sources such as rivers, lakes, and wells to treatment plants, irrigation, flood control, and drainage systems. The growing demand for freshwater is expected to outpace supply by 40% by 2030, as per a 2023 report by The Guardian, necessitating efficient water movement systems. Consequently, this increasing need for freshwater is poised to propel the axial flow pump market.
The increasing demand for hydropower generation is set to bolster the growth of the axial flow pump market. Axial flow pumps play a pivotal role in water transportation and control systems within hydropower facilities, enhancing the efficiency, reliability, and flexibility of energy generated from hydropower sources. According to the International Energy Agency's July 2023 report, global hydropower output surged by over 70 TWh (nearly 2%), reaching 4,300 TWh in 2022. Hence, the rising demand for hydropower generation significantly drives the axial flow pump market.
The burgeoning oil and gas sector is expected to propel the axial flow pump market's growth. These pumps, known for their high flow rates, are invaluable in transporting large liquid quantities, making them essential assets in the diversified operations of the oil and gas sector. For instance, data from the Energy Information Administration in May 2023 revealed a 5.6% increase in crude oil production in the United States in 2022, reaching 0.6 million b/d. Additionally, in December 2022, US dry natural gas production surpassed 100 Bcf/d, marking record-breaking figures pre-pandemic. Therefore, the expanding oil and gas sector is a key driver behind the growth of the axial flow pump market.
Technological innovation stands out as a prominent trend in the axial flow pump market. Companies in this sector are intensively focused on developing corrosion-resistant and durable axial flow pump variants. For example, Baker Hughes Company introduced the Python Pipe portfolio in November 2023, a cutting-edge reinforced thermoplastic pipe (RTP) technology. PythonPipe offers quicker installation, reduced time to first production, and fewer lifecycle emissions compared to traditional steel installation methods. With certifications and various size and material options, PythonPipe brings substantial cost and time savings while significantly reducing carbon emissions and maintenance expenses during its lifespan.
In October 2022, Baker Hughes, a prominent US-based oil field services company, completed the acquisition of AccessESP LLC for an undisclosed sum. This strategic move empowers Baker Hughes to expand its suite of oil field services by incorporating AccessESP's equipment into its offerings, thereby enhancing its position within the market for oil field equipment products. Notably, AccessESP LLC, a US-based oil field equipment manufacturer, is recognized for its production of various equipment, including axial flow pumps, contributing to Baker Hughes' diversified portfolio in the oil and gas sector.
Major companies operating in the axial flow pump market include Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Hitachi Industrial Products Ltd., ITT Goulds Pumps, Pentair PLC, Sulzer Ltd., The Weir Group PLC, Xylem Inc., Franklin Electric Co. Inc., Kubota Group, Torishima Pump Manufacturing Co Ltd., Hayward Tyler, Peerless Pump Company, KSB SE & Co. KGaA, Sintech Precision Products Ltd., Moving Water Industries, Holland Pump Company, Patterson Pump Company, Emile Egger & Cie SA, Flowmore Limited, Huayang Intelligent Pumps, Ruthman Companies, Hebei Zidong Pump Industry Co.Ltd, Thomas & Associates, Brehnor Pumps (Pty) Ltd., PumpWrxs & Controls, JeffPro Fluid Solutions - Pumps and Packaged Pump Systems, Handol Pumps Limited, Shanghai Pacific Pump Manufacture (Group) Co.Ltd., Bellflo Engineering Corporation Pte. Ltd., Jiangsu Suhua Pump Co. Ltd., Liancheng Group.
Asia-Pacific was the largest region in the axial flow pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global axial flow pump market report during the forecast period. The regions covered in the axial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the axial flow pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Axial flow pumps, often referred to as propeller pumps, utilize centrifugal force through an impeller to propel liquids. This process generates pump pressure by harnessing the momentum and velocity of the fluid. They find widespread use in dewatering, irrigation processes, and fluid circulation in applications such as sewage digesters, power plants, and evaporators, where there's a requirement for high discharge or flow rates at relatively low pressure levels.
The primary types of axial flow pumps include horizontal and vertical configurations. Horizontal axial flow pumps feature a rotational axis positioned horizontally and are commonly utilized in applications such as irrigation, flood control, and drainage, where high flow rates are needed at low heads. These pumps are extensively applied in water treatment, irrigation systems, evaporators, and various industries including chemical, municipal services, pulp and paper production, agriculture, food and beverage, among others.
The axial flow pump market research report is one of a series of new reports that provides axial flow pump market statistics, including axial flow pump industry global market size, regional shares, competitors with an axial flow pump market share, detailed axial flow pump market segments, market trends and opportunities, and any further data you may need to thrive in the axial flow pump industry. This axial flow pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The axial flow pump market consists of sales of the frame, the floating platform, the engine, the gearbox, the drive shaft, and the propeller. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Axial Flow Pump Market Characteristics3. Axial Flow Pump Market Trends and Strategies4. Axial Flow Pump Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Axial Flow Pump Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Axial Flow Pump Market34. Recent Developments in the Axial Flow Pump Market
5. Global Axial Flow Pump Growth Analysis and Strategic Analysis Framework
6. Axial Flow Pump Market Segmentation
7. Axial Flow Pump Market Regional and Country Analysis
8. Asia-Pacific Axial Flow Pump Market
9. China Axial Flow Pump Market
10. India Axial Flow Pump Market
11. Japan Axial Flow Pump Market
12. Australia Axial Flow Pump Market
13. Indonesia Axial Flow Pump Market
14. South Korea Axial Flow Pump Market
15. Western Europe Axial Flow Pump Market
16. UK Axial Flow Pump Market
17. Germany Axial Flow Pump Market
18. France Axial Flow Pump Market
19. Italy Axial Flow Pump Market
20. Spain Axial Flow Pump Market
21. Eastern Europe Axial Flow Pump Market
22. Russia Axial Flow Pump Market
23. North America Axial Flow Pump Market
24. USA Axial Flow Pump Market
25. Canada Axial Flow Pump Market
26. South America Axial Flow Pump Market
27. Brazil Axial Flow Pump Market
28. Middle East Axial Flow Pump Market
29. Africa Axial Flow Pump Market
30. Axial Flow Pump Market Competitive Landscape and Company Profiles
31. Axial Flow Pump Market Other Major and Innovative Companies
35. Axial Flow Pump Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Axial Flow Pump Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on axial flow pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for axial flow pump? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The axial flow pump market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Horizontal; Vertical2) By Application: Water Treatment; Irrigation; Evaporators; Other Applications
3) By End-User: Chemical; Municipal; Pulp and Paper; Agriculture; Food and Beverage; Other End-Users
Subsegments:
1) By Horizontal Axial Flow Pumps: Single Stage; Multi-Stage2) By Vertical Axial Flow Pumps: In-Line Vertical Pumps; Submersible Vertical Pumps
Key Companies Mentioned: Ebara Corporation; Flowserve Corporation; Grundfos Holding a/S; Hitachi Industrial Products Ltd.; ITT Goulds Pumps
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Ebara Corporation
- Flowserve Corporation
- Grundfos Holding A/S
- Hitachi Industrial Products Ltd.
- ITT Goulds Pumps
- Pentair PLC
- Sulzer Ltd.
- The Weir Group PLC
- Xylem Inc.
- Franklin Electric Co. Inc.
- Kubota Group
- Torishima Pump Manufacturing Co Ltd.
- Hayward Tyler
- Peerless Pump Company
- KSB SE & Co. KGaA
- Sintech Precision Products Ltd.
- Moving Water Industries
- Holland Pump Company
- Patterson Pump Company
- Emile Egger & Cie SA
- Flowmore Limited
- Huayang Intelligent Pumps
- Ruthman Companies
- Hebei Zidong Pump Industry Co.Ltd
- Thomas & Associates
- Brehnor Pumps (Pty) Ltd.
- PumpWrxs & Controls
- JeffPro Fluid Solutions - Pumps and Packaged Pump Systems
- Handol Pumps Limited
- Shanghai Pacific Pump Manufacture (Group) Co.Ltd.
- Bellflo Engineering Corporation Pte. Ltd.
- Jiangsu Suhua Pump Co. Ltd.
- Liancheng Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 35.14 Billion |
| Forecasted Market Value ( USD | $ 43.06 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
