GVR Report cover Axial Flow Pump Market Size, Share & Trends Report

Axial Flow Pump Market Size, Share & Trends Analysis Report By Type (High-power, Miniwatt), By Configuration (Single-stage, Multi-stage), By End-use (Agriculture, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-193-1
  • Number of Pages: 90
  • Format: Electronic (PDF)

Axial Flow Pump Market Size & Trends Sharee

The global axial flow pump market size was estimated at USD 3,992.0 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 3.1% from 2023 to 2030. The growth of the market is primarily attributed to the rising investments in wastewater treatment facilities and an uptick in activity in the oil industry to meet the rising energy demand. In addition, it is anticipated that rapid urbanization and industrialization across the world will have a beneficial effect on the expansion of the market in the coming years. Government laws, such as DOE energy conservation standards, that are strict on energy efficiency, safety, and standards are anticipated to have a significant impact on the market.

U.S. Axial Flow Pump Market size and growth rate, 2023 - 2030

Many government agencies have not only restructured their existing structures but also their current policies. The U.S. held the largest market share of the global industrial pumps market in North America in 2022. The replacement of the nation's outdated industrial water & wastewater infrastructure is also anticipated to be a major factor driving the market growth. Moreover, the market is expected to grow significantly in the U.S. owing to increasing exploration activities in both the onshore & offshore unconventional oil & gas sectors.

In addition, renovation and technological developments of the existing industrial water & wastewater management infrastructure in the country will support the overall market growth. Axial flow pumps are used in setting up wastewater management & water treatment facilities in various countries, such as the U.S., China, UAE, India, and Australia, which is expected to drive the overall market growth over the forecast period. In addition, product usage is likely to grow in the chemical industry as they offer a high discharge rate with controlled vertical heads, thus avoiding spillage.

Type Insights

The high-power type segment accounted for a significant market share of 58.9%, in terms of revenue, in 2022. High-power axial flow pumps offer a great rate of flow and power as compared to their counterparts. In this regard, the heightened application of these pumps in the flood dewatering, and water & wastewater, and oil & gas industries, is driving the segment’s growth. The increasing inclination toward using axial flow pumps with high power to accelerate industrial operations in various end-use industries is anticipated to provide impetus to the segment.

The mini-watt type segment is likely to witness a lucrative growth rate of 2.7% over the forecast period. This rapid growth can be attributed to the emphasis on energy efficiency. Mini-watt axial flow pumps are designed to consume minimal power while delivering fluid circulation, making them suitable for applications where energy conservation is a priority.

Configuration Insights

On the basis of configurations, the global market has been further bifurcated into single-stage and multi-stage configurations. The single-stage configuration segment accounted for the largest share of 62.7%, in terms of revenue, in 2022. One of the primary factors driving the demand for single-stage axial flow pumps is their ability to handle high flow rates of fluids. These pumps are well-suited for applications where a significant volume of fluid needs to be moved efficiently.

On the other hand, the multi-stage type segment is likely to witness the fastest growth rate of 3.9% over the forecast period. Multi-stage axial flow pumps are well-suited for applications that require high discharge pressures, such as water supply for tall buildings, high-pressure irrigation, industrial processes, and oil and gas pipelines.

End-use Insights

The agriculture segment accounted for a maximum share of 23.2% in 2022 in terms of revenue and is likely to continue to dominate the market over the forecast period. Product utilization in the agricultural sectors, such as drainage, irrigation, and fisheries, among others, is a major driving factor for the segment growth. In addition, there is a greater need for food production due to the growing population, and axial flow pumps are frequently used for irrigation. Axial flow pumps are used for handling flammable, vicious, aggressive, and abrasive fluids with ease.

Global Axial Flow Pump Market share and size, 2022

 Chemicals are used in various end-use industries, including automotive, manufacturing, and construction. The growth of the aforementioned industries is likely to augment the demand for various chemicals, thereby impacting the penetration of axial flow pumps for chemical handling. The rapid development of residential and commercial construction has resulted in an increased need for proper sewage systems. The municipal authorities are expected to invest significantly in pumping solutions to provide a consistent water supply across residential locations. The rapid expansion of cities is expected to have a positive impact on the product demand in the domestic water & wastewater industry.

Regional Insights

Asia Pacific led the market and accounted for a 46.8% share of the global revenue in 2022. The growing product demand in the region is attributed to the tremendous growth of the end-use industries, including domestic water & wastewater, and petroleum. In addition, rapid investments in the manufacturing sector to cater to the demand from a rapidly growing population are expected to fuel market growth over the forecast period. The demand for axial power pumps in Central & South Africa is expected to be driven by the rapidly expanding power generation sector in Brazil and Argentina.

Axial Flow Pump Market Trends, by Region, 2023 - 2030

Furthermore, the replacement of commonly used centrifugal pumps with axial flow pumps owing to their ability to increase workplace efficiency at power plants and water management plants, is anticipated to augment the product demand in the region. North America is expected to expand at a CAGR of 1.7% from 2023 to 2030. The presence of advanced processing capabilities in the U.S., coupled with continuous R&D activities for manufacturing pumps, is expected to drive the market in the region. Furthermore, rising water scarcity has resulted in innovations that are likely to promote product demand in the region.

Key Companies & Market Share Insights

The industry is extremely competitive due to the presence of both international and local players. Manufacturers use a variety of strategies to increase market penetration and meet the dynamic technological demands of end-use industries, such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemicals, and others. For instance, Flowserve introduced the SIHI Boost UltraPLUS dry-running vacuum pump in May 2023. Cycle times for batch processes can be cut by 50% or more with the help of this new unit. This new device also provides high performance and low power consumption. Some of the prominent players in the global axial flow pump market include:

  • Ebara Corporation

  • Flowserve Corporation

  • Grundfos Holding A/S

  • Handol Pumps Limited

  • Hitachi Industrial Products Ltd.

  • ITT Goulds Pumps

  • Pentair PLC

  • Sulzer Ltd.

  • The Weir Group PLC

  • Xylem Inc.

Axial Flow Pump Market Report Scope

Report Attribute


Market size value in 2023

USD 4,082.5 million

Revenue forecast in 2030

USD 5,109.1 million

Growth rate

CAGR of 3.1% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated

October 2023

Quantitative units

Revenue in USD million, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends

Segments covered

Type, configuration, end-use, region

Regional scope

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

Country Scope

U.S.; Canada; Mexico; France; Germany; Italy; UK; China; Japan; India; Australia; Argentina; Brazil; Saudi Arabia; UAE

Key companies profiled

Ebara Corporation; Flowserve Corp.; Grundfos Holding A/S; Handol Pumps Ltd.; Hitachi Industrial Products Ltd.; ITT Goulds Pumps; Pentair PLC; Sulzer Ltd.; The Weir Group PLC; Xylem Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Axial Flow Pump Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global axial flow pump market report on the basis of type, configuration, end-use, and region:

Global Axial Flow Pump Market Report Segmentation

  • Type Outlook (Revenue, USD Million, 2018 - 2030)

    • High Power

    • Miniwatt

  • End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • Agriculture

    • Construction & Building Services

    • Water & Wastewater

    • Power Generation

    • Oil & Gas

    • Chemicals

    • Others

  • Configuration Outlook (Revenue, USD Million, 2018 - 2030)

    • Single-stage

    • Multi-stage

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • France

      • Germany

      • Italy

      • UK

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • UAE

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