Axial Flow Pump Market to grow at a Significant Rate During the Forecast Period
Exponential growth of water and waste-water industry drive
the growth of Global Axial Flow Pump Market.
According to TechSci Research report, “Global
Axial Flow Pump Market By Type (Miniwatt, High
Power) By Industry (Wastewater & Water, Oil &
Gas, Petrochemical & Chemical, Food & Beverages, Mining, Others) By
Application (Irrigation, Land Drainage, Flood Control,
Recirculation, Water Treatment, Others) By Material (Aluminium, Cast Iron,
Brass, Bronze, Ceramics, Nickel-Alloy) By Region, Competition Forecast &
Opportunities, 2026”, the Global Axial Flow Pump is expected to grow at a
promising rate during the forecast period. The market experienced an impressive
growth in the historical years, and it is expected to grow at anticipated CAGR
in the next five years, 2022-2026 too. Due to increased oil field activities
and rising investments in wastewater treatment plants the market is anticipated
for the growth. Moreover, the market might have to over come the difficulties
in high pressure operations and handling viscous fluids.
Due to the onset of COVID-19 and imposition of
complete lockdown to mitigate the coronavirus, there has been shutdown of many
manufacturing units and disruption in the supply chain resulting in interrupted
production and lesser supply of the implants all around the globe. Also, the
economy has been adversely affected in many countries resulting in the hinderance
to the growth of the Axial Flow Pump market. However, after relief from lockdown
market is again going to pick up pace to grow significantly.
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Global Axial Flow Pump Market"
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Global axial flow pump market is segmented by type,
industry, application, material, and regional distribution. Based on industry
the market is further categorized into wastewater & water, oil & gas,
petrochemical & chemical, food & beverages, mining, and others. Food
& beverage segment is expected to continue its dominance over the market in
the forecast years, owing its impressive growth by the investments of
manufacturers of food and beverages products. Recent regulations by Department
of Energy (DOE) and the Food & Drug Administration (FDA) to implant new and
technologically sound pumps along with other machinery is attributing to the
anticipated growth of the market in next five years.
Some of the key players in the market are Xylem Inc.,
Grundfos, Sulzer Ltd., KSB SE & Co. KGaA, Pentair
plc., Weir Group PLC, Wilo SE, Leo Group Co., Ltd., ETEC S.A., ITT Inc., among
others. The companies are focussing on extensive research and developments
activities to stay competitive in the market. Other competitive strategies
include formation of alliances and partnerships.
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“Crude Oil is in
demand for the facilitation of worldwide logistics, production units and
transports implemented domestically. Looking at the petroleum sector the market
is sure to grow for the energy fuel demands in developing countries like China,
India, South Korea, and Brazil. South America, and Asia Pacific region are a
promising landscape for the future of this market.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based Global management consulting firm.
“Global Axial Flow Pump
Market By Type (Miniwatt, High Power) By Industry (Wastewater & Water, Oil
& Gas, Petrochemical & Chemical, Food & Beverages, Mining, Others) By
Application (Irrigation, Land Drainage, Flood Control, Recirculation, Water
Treatment, Others) By Material (Aluminium, Cast Iron, Brass, Bronze, Ceramics,
Nickel-Alloy) By Region, Competition Forecast & Opportunities, 2026”, has evaluated
the future growth potential of Global Axial Flow Pump and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Axial Flow Pump.
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