September 15, 2023 09:55 ET | Source: Zion Market Research Zion Market Research
NEW YORK, United States, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Axial Flow Impeller Pumps Market By Type (Horizontal And Vertical), By Pressure (High Pressure And Low Pressure), By Stage (Single-Stage And Multi-Stage), By End-User Industry (Water & Wastewater Treatment, Oil & Gas, Power Generation, Agriculture & Fisheries, Chemical Industry, Pulp & Paper, Food & Beverages, And Other End-User Industries), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. Plastic Sewer Pipe Fittings
“According to the latest research study, the global axial flow impeller pumps market size was valued at approximately USD 28.7 billion in 2022. The market is expected to grow at a CAGR of 4.64% and is anticipated to reach a value of USD 41.2 billion by 2030.”
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Axial Flow Impeller Pumps Market Overview:
Centrifugal pumps that move fluid axially through an impeller are known as axial flow impeller pumps. In these pumps, the fluid enters and exits in the same direction as the impeller. Axial flow pumps are velocity pumps that provide energy to the fluid by increasing pressure or flow velocity at the pump impeller. These compressors can be powered by either gasoline or an electric motor. Compared to conventional centrifugal pumps like radial pumps, axial flow impeller pumps are more efficient and can pump more fluids with a lower delivery head.
Axial flow impeller pumps are utilized in a number of industries, including water treatment, irrigation, chemical processing, oil & gas, and others. The advancement of technology in the axial flow impeller pump industry is creating new applications and enhancing the performance of existing pumps. In key global regions such as Asia-Pacific, North America, Europe, and others, the demand for axial flow impeller pumps is increasing.
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Axial Flow Impeller Pumps Market: Growth Drivers
The global market for axial flow impeller pumps is anticipated to expand due to rising demand from the water & wastewater treatment sector. In the industry of water treatment, axial flow impeller pumps are used to drive or pump water at various phases of treatment. These compressors are utilized in sewage digesters to circulate fluids. In this industry, axial flow impeller pumps manage voluminous quantities of fluid flow within treatment facilities.
The worldwide expansion of water and wastewater treatment infrastructure is driving the growth of the axial flow impeller pump market. According to the United Nations, approximately 58 percent of the world's domestic wastewater was treated securely in 2022. In Australia and New Zealand, approximately 92% of domestic effluent was treated safely in 2022.
Axial Flow Impeller Pumps Market: Restraints
Axial flow impeller pumps are not recommended for pumping viscous liquids due to their limited head and high capacities. A liquid with a high viscosity increases the skin friction loss in the blade flow passage, which causes a pressure decrease and input power loss. Extremely viscous fluids are pumped using positive displacement pumps such as gear pumps. In addition, axial flow impeller pumps are inappropriate for applications requiring a high head. Oil and gas, mining, and other industries utilize high-head compressors. Various industries choose radial centrifugal pumps for applications requiring a high head.
Axial Flow Impeller Pumps Market: Segmentation
The global axial flow impeller pumps market is segmented based on type, pressure, stage, end-user industry, and region.
Based on type, the global market segments are horizontal & vertical. Currently, the global market is dominated by horizontal axial flow impeller pumps, considering their high performance in different applications such as irrigation, water treatment, and others.
Based on pressure, the axial flow impeller pumps industry is segmented into low-pressure & high-pressure. The low-pressure segment dominated the market share in 2022. Low-pressure & high-flow rate pumps are widely preferred by various end-user industries.
Based on stage, the global market segments are single-stage & multi-stage. Currently, the global market is dominated by single-stage. Single-stage axial pumps have one impeller, whereas multi-stage impellers have two or more than two impellers around the rotating shaft. Multi-stage axial impeller pumps are used in applications requiring high heads.
Based on the end-user industry, the global axial flow impeller pumps market segments are water & wastewater treatment, oil & gas, power generation, agriculture & fisheries, chemical industry, pulp & paper, food & beverages, and other end-user industries. Currently, the axial flow impeller pumps industry is dominated by the agriculture & fisheries segment.
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The global axial flow impeller pumps market growth is expected to be driven by Asia Pacific, during the forecast period. Various end-user industries such as agriculture & fisheries, water & wastewater treatment, oil & gas, and power generation, among others, are the key consumers of axial flow impeller pumps. According to the Economic and Social Commission for Asia and the Pacific (ESCAP), the agriculture industry in the Central Asia region consumes around 90% of available surface water resources.
The report contains qualitative and quantitative research on the global Axial Flow Impeller Pumps market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Axial Flow Impeller Pumps market include;
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The global Axial Flow Impeller Pumps market is segmented as follows:
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