Axial Flow Pump Market: Overview

Axial pumps, also known as propeller pumps, are extensively used for circulating water in power plants, chemical industries and also in dewatering applications.  They are also used in managing sewage from municipal, commercial and industrial operations. With a rise in demand from industries dealing in water, waste water, chemicals, petroleum and food and beverages, the global axial flow pump market is predicted to grow at a steady Compound Annual Growth Rate.

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Axial Flow Pump Market: Notable Developments

2017: Sulzer, a leading player in the global axial flow pump market, took its expertise in pumping solutions to a new pedestal altogether with the aid of its Internet of things based wireless condition system, Sulzer Sense. It allows remote monitoring of important parameters 24x7 making sites safer and operations efficient. This widens the playing field for consumers and creates more competition in the market for other players who should are now looking at a classic example of digital innovation in the field.

Global Axial Flow Pump market is fairly fragmented with a decent number of players foraying its landscape. Some of the most prominent names are that of Xylem Inc, Grundos Holding A/S, Ebara Corporation, Sulxer AG, Pentair Plc and ITT Inc. Most top players are known for an expansive product folio, robust distribution network and a healthy level of operational integration.

Strategies to hold a firm grasp on the market share involve strategic acquisitions of small as well as medium sized innovative companies (mainly by international names). Manufacturers focus on constantly upgrading themselves for catering to an vast applications market by investing in product improvement and improving sales and service networks.

Axial Flow Pump Market: Key Trends and Drivers

  • As people are getting more environmentally conscious and governments are ready to invest in water and waste water treatment, there is a rise in demand expected for axial flow pump market.
  • Rising demand for energy fuel is another reason why the global axial flow pump market is looking at an upward growth chart. There is an increase in demand for crude oil in the domestic transportation and overseas logistics that is set to boost exploration of fuel both onshore and offshore. This again is a good sign for global axial flow pump market considering they provide utility functions as well as they are good at handling subsea pressures

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Axial Flow Pump Market: Geographical Analysis

The North American Axial Flow Pump Market will grow at a steady rate as per the TMR forecast. It would mainly be driven by a robust investment environment, esp. in the water treatment facilities. Unites States of America is bound to have a major slice of the global axial flow pump market pie with major exploration activities on going in both onshore and offshore formats mainly in the unconventional oil and gas sector. This is driving the demand slope for axial flow pumps higher.

Another area worth keeping eyes set on is the Asia Pacific region (APAC) which held a large chunk in 2018 and is expected to demonstrate further potential over years to come. While being lucrative to manufacturers for reasons of market share, it is also marked by cheap labor and increasing support from local governments. China and India, in particular, are shifting the production industry towards themselves quite successfully.

Other reasons for growth of the Asia Pacific region include technological developments and innovations that are greatly empowering the foothold for industrialization. It is believed it would help drive the demand for Axial Flow Pump Market in the forecast period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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