Asia Pacific Axial Flow Pump Market Size & Outlook
Asia Pacific axial flow pump market, 2018-2030 (US$M)
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Asia Pacific axial flow pump market highlights
- The Asia Pacific axial flow pump market generated a revenue of USD 1,866.9 million in 2022.
- The market is expected to grow at a CAGR of 3.9% 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, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,866.9 million |
| Market revenue in 2030 | USD 2,542.0 million |
| Growth rate | 3.9% (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, Asia Pacific region accounted for 46.8% 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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Asia Pacific 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 22.79% in 2022. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific present vast potential for axial flow pump manufacturer in the region. Additionally, Asia Pacific region is recognized by its large amount of skilled labor at low cost along with ample support from the local governments. Shift in production industry towards emerging economies, particularly China and India is expected to positively influence market growth over the forecast period.
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Target buyers of Asia Pacific axial flow pump market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific axial flow pump market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific axial flow pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Axial Flow Pump Market Outlook Share, 2022 & 2030 (US$M)
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