North America Axial Flow Pump Market Size & Outlook
North America axial flow pump market, 2018-2030 (US$M)
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North America axial flow pump market highlights
- The North America axial flow pump market generated a revenue of USD 680.9 million in 2022.
- The market is expected to grow at a CAGR of 1.7% from 2023 to 2030.
- In terms of segment, agriculture was the largest revenue generating end use in 2022.
- Chemical is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 680.9 million |
| Market revenue in 2030 | USD 782.0 million |
| Growth rate | 1.7% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Construction & Building Services, Water & Wastewater, Power Generation, Oil & Gas, Chemical |
| Key market players worldwide | Ebara Corp, Flowserve Corp, Hitachi Ltd, ITT Inc, Pentair PLC, Sulzer AG, Weir Group PLC, Xylem Inc, Grundfos |
Other key industry trends
- In terms of revenue, North America region accounted for 17.1% of the global axial flow pump market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,542.0 million by 2030.
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Axial Flow Pump Market Scope
Axial Flow Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America axial flow pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to axial flow pump market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 23.04% in 2022. Horizon Databook has segmented the North America axial flow pump market based on agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical covering the revenue growth of each sub-segment from 2018 to 2030.
The market in North America is anticipated to grow at a steady rate over the forecast period. It is expected to be driven by the increasing investment in water treatment facilities. The rising water scarcity is leading to innovations which are likely to support the growth of the market over the predicted period.
The axial pumps market demand in the region is likely to be driven by key application sectors including water & wastewater treatment, chemical, and petroleum. Technological advancements pertaining to superior performance of pumping systems is expected to impel the market growth in North America over the forecast period.
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Our clientele includes a mix of axial flow pump market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America axial flow pump market , including forecasts for subscribers. This continent databook contains high-level insights into North America axial flow pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America axial flow pump market
North America Axial Flow Pump Market Outlook Share, 2022 & 2030 (US$M)
North America axial flow pump market
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