India Axial Flow Pump Market Size & Outlook, 2022-2030
India axial flow pump market, 2018-2030 (US$M)
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India axial flow pump market highlights
- The India axial flow pump market generated a revenue of USD 325.7 million in 2022 and is expected to reach USD 463.8 million by 2030.
- The India market is expected to grow at a CAGR of 4.5% 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 325.7 million |
| Market revenue in 2030 | USD 463.8 million |
| Growth rate | 4.5% (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, India accounted for 8.2% 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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India 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 22.66% in 2022. Horizon Databook has segmented the India 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 CAGR at which the market is likely to accelerate is 10.89% over the forecast period. Furthermore, the positive developments in regional economic conditions are likely to foster developments in the pump manufacturing sector, which in turn is conducive to axial flow pump market growth.
The increasing penetration and demand in the chemical & pharmaceutical industry is likely to fuel the market demand in the region. Additionally, the growing number of applications of axial flow pump in food & beverage industry is expected to boost the demand.
The country’s expanding population & urbanization is likely to continue generating demand for compact and sophisticated pump devices. Government initiatives like “Make in India” is likely to fuel the demand for axial flow pump as this initiative is attracting many global pump manufacturers to set up plant in India.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the India axial flow pump market , including forecasts for subscribers. This country databook contains high-level insights into India axial flow pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India axial flow pump market size, by end use, 2018-2030 (US$M)
India Axial Flow Pump Market Outlook Share, 2022 & 2030 (US$M)
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