China Axial Flow Pump Market Size & Outlook, 2022-2030
China axial flow pump market, 2018-2030 (US$M)
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China axial flow pump market highlights
- The China axial flow pump market generated a revenue of USD 680.1 million in 2022 and is expected to reach USD 923.5 million by 2030.
- The China 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.
Axial flow pump market data book summary
| Market revenue in 2022 | USD 680.1 million |
| Market revenue in 2030 | USD 923.5 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Chemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 17.0% of the global axial flow pump market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China axial flow pump market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 463.8 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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China 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 22.44% in 2022. Horizon Databook has segmented the China 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.
The axial flow pumps market in China is the largest in the Asia Pacific region. The axial flow pumps market in the country is poised to increase at a significant growth rate over the years ahead. Rise in the foreign investments in the industrial pumps sector coupled with government subsidies for promoting usage of energy-efficient pumps is estimated to leverage the industry growth by the end of 2025.
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Target buyers of China 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 country-level data and insights on the China axial flow pump market , including forecasts for subscribers. This country databook contains high-level insights into China axial flow pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China axial flow pump market size, by end use, 2018-2030 (US$M)
China Axial Flow Pump Market Outlook Share, 2022 & 2030 (US$M)
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