Axial Flow Pump Market Size, Share & Trends Report

Axial Flow Pump Market Size, Share & Trends Analysis Report By Type (Miniwatt, High Power), By Application (Domestic Water & Wastewater, Petroleum, Chemical, Food & Beverage), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-193-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 172

Report Overview

The global axial flow pump market size was estimated at USD 40.2 billion in 2018 and is projected to ascend at a CAGR of 8.4% from 2019 to 2025 on account of rising product demand from various applications including domestic water & wastewater, chemicals, petroleum, food & beverage, and others. Factors such as growing investments in water and wastewater treatment industry and rising demand for energy fuel are expected to drive the growth of the market.

U.S. axial flow pumps market size

Axial pump, also called as a propeller pump, is a type of centrifugal pump comprising an impeller placed in a pipe that moves the fluid axially through the impeller. Axial pumps are characterized by low discharge pressures and high flow rates. They are widely used for the circulation of water in power plants, dewatering applications, and in chemical industries for circulating large quantities of fluids. They are also used in handling sewage from municipal, commercial, and industrial sources.

Manufacturers have adopted several strategies in order to gain a competitive advantage in the axial pumps market. International players are focusing on strategic acquisitions of small as well as medium-scale companies to expand their product portfolio. Companies engaged in manufacturing these pumps are also concentrating on improving and expanding their after sales and service networks to promptly cater to the needs of their customers. Regional companies have formed strategic partnerships with major international players to promote the development of products in line with international standards.

Type Insights

Miniwatt axial pumps are expected to exhibit significant growth over the forecast period. The segment was valued USD 18.7 billion in 2018 and it is expected to grow at a CAGR of 8.1% over the forecast period. Technological developments and increasing industrialization, especially in the Asia Pacific & CSA regions, are expected to drive the demand for miniwatt pumps over the forecast period.

High power axial pumps segment accounted for the largest market revenue share in 2018 and it is expected to be the fastest-growing product type segment over the forecast period. Increasing demand for the high power pumps in flood dewatering, irrigation system, and water treatment applications is, in turn, expected to boost market growth over the forecast period.

Application Insights

Axial flow pumps are widely used in domestic water and wastewater industries owing to their range of capacity, ease of maintenance & operation, and smooth flow rate. The domestic water & wastewater segment is projected to ascend at a CAGR of 6.4% from 2019 to 2025. Rapid development of housing complexes and commercial buildings in cities will require proper systems for disposal of sewage. Apart from sewage disposal, the distance between freshwater sources and residential areas in prime locations are kept at either end. As a result, municipal authorities are expected to invest heavily in pumping solutions to provide consistent water supply across residential locations. The growth of expanding cities in future is expected to play an essential role in promoting the product requirement over the forecast period.

Global axial flow pumps market share

The petroleum application segment was valued at USD 3.8 billion in 2018 and is expected to exhibit a strong growth rate over the forecast period. Increasing demand for crude oil in order to facilitate domestic transports, production centers, and overseas logistics is expected to amplify onshore and offshore exploration activities in the future. These trends are, in turn, expected to promote the demand for industrial pumps that are capable of providing utility functions and handling subsea pressures. The chemical application segment is anticipated to grow at an estimated CAGR of 10.2% over the forecast period. Axial pumps have a wide variety of applications and can handle the most flammable, viscous, aggressive, and abrasive fluids with ease.

Regional Insights

The market in North America is anticipated to grow at a steady rate over the forecast period, driven by increasing investments in water treatment facilities. The U.S. constituted the largest market share of the total flow pumps market in North America in 2018. Significant exploration activities in both onshore and offshore unconventional oil & gas sector are expected to drive the demand for these pumps over the forecast period.

The European market stood at USD 12.5 billion in 2018 and is expected to grow over the forecast period. An increase in spending on the water & wastewater sector and stringent regulations are expected to drive the growth of the market over the forecast period. Germany market is anticipated to grow at a CAGR of 6.4% from 2019 to 2025. Technological breakthrough and high investments in industrial research in the country have resulted in the development of high-performance chemicals, active pharmaceutical ingredients, and polymers. Considerable rise in chemical processing activities in the country is expected to drive the demand for flow pumps for handling slurries, pastes, and other viscous fluid media.

Asia Pacific emerged as the largest market for flow pumps in 2018 with a market revenue share of 40.5%. The region is expected to present vast growth potential to the manufacturers of the pumps in the region. Additionally, the region is characterized by its large low-cost skilled labor along with huge support from the local governments. The shift of the production industry toward developing economies, particularly China and India, is expected to have a positive impact on the market growth over the forecast period.

Key Companies & Market Share Insights

Companies have a wide product portfolio, extensive distribution network, and high degree of operational integration. Major market players have invested extensively in research & development operations in the recent years, which has led to the invention of several innovative products that can be employed across the market. Some of the prominent players in the axial flow pump market include:

  • Xylem, Inc.

  • Grundfos Holding A/S

  • Ebara Corporation

  • Sulzer AG

  • Pentair plc

  • ITT Inc.

  • KSB SE & Co. KGaA

  • Weir Group PLC

  • Leo Group Co., Ltd.

Axial Flow Pump Market Report Scope

Report Attribute


Market size value in 2020

USD 49.29 billion

Revenue forecast in 2025

USD 70.79 billion

Growth Rate

CAGR of 8.4% from 2019 to 2025

Base year for estimation


Historical data

2014 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Segments covered

Type, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; France; Italy; China; Japan; India; South Korea; Brazil; UAE

Key companies profiled

Xylem, Inc.; Grundfos Holding A/S; Ebara Corporation; Sulzer AG; Pentair plc; ITT Inc.; KSB SE & Co. KGaA; Weir Group PLC; Leo Group Co., Ltd.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the axial flow pump market on the basis of type, application, and region.

  • Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Miniwatt

    • High Power

  • Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Domestic water & wastewater

    • Petroleum

    • Chemical

    • Food & Beverage

    • Others

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

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