Comprehensive Report on the Radial Flow Pump Market: Opportunities and Challenges

Developed by experienced analysts, this report offers in-depth insights for understanding competition and customer behavior in the radial flow pump industry.

What Is The Expected CAGR For The Radial Flow Pump Market Through 2025?
The radial flow pump market size has grown steadily in recent years. It will grow from $24.5 billion in 2024 to $25.14 billion in 2025 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to increasing adoption in industrial applications, rising demand for energy-efficient pumping solutions, expansion of water and wastewater infrastructure, growing infrastructure development, and expansion of oil and gas exploration activities.

The radial flow pump market size is expected to see steady growth in the next few years. It will grow to $29.23 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to advancements in automation, growing environmental concerns, increased use in renewable energy, a focus on high-pressure applications, and the integration of industry 4.0 principles. Major trends in the forecast period include technological advancements, innovation and technological improvements, digitalization integration, sustainable practices adoption, and innovative sealing technologies.

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Radial Flow Pump Market Size, Share

Which Key Factors Will Influence Radial Flow Pump Market Growth Over 2025-2034?
The expansion of oil and gas exploration activities is expected to propel the growth of the radial flow pump market going forward. Oil and gas exploration activities refer to the processes involved in locating and identifying potential sites for drilling and extracting crude oil and natural gas. Oil and gas exploration activities are expanding due to the rising global energy demand, which is driving the need for new hydrocarbon reserves to ensure energy security and meet industrial, transportation, and domestic consumption needs. Radial flow pumps in oil and gas activities are used for high-pressure fluid transfer, injection, and circulation in drilling, refining, and production processes. For instance, in September 2024, according to Statistics Canada, a Canada-based government agency, crude oil, and equivalent product production experienced a 6.8% increase in June 2024, reaching 23.9 million cubic meters and marking the ninth consecutive month of year-over-year growth. Therefore, the expansion of oil and gas exploration activities is driving the growth of the radial flow pump market.

Comprehensive Segment-Wise Insights Into The Radial Flow Pump Market
The radial flow pumpmarket covered in this report is segmented –

1) By Pump Type: Single-Stage, Multi-Stage, End-Suction, Vertical, Horizontal
2) By Material: Cast Iron, Stainless Steel, Duplex Stainless Steel, Alloy 20, Bronze
3) By Capacity: Low Capacity, Medium Capacity, High Capacity
4) By Configuration: Single Stage, Multi-Stage
5) By End-Use: Agriculture, Construction And Building Services, Water And Wastewater, Power Generation, Oil And Gas, Chemicals, Other End Uses

Subsegments:

1) By Single-Stage: Close-Coupled, Frame-Mounted, Axially Split
2) By Multi-Stage: Radially Split, Barrel Casing, Ring Section
3) By End-Suction: Back Pull-Out, Close-Coupled, Inline
4) By Vertical: Line Shaft, Submersible, Can-Type
5) By Horizontal: Axially Split, Radially Split, Between Bearings

What Are The Prominent Trends In The Radial Flow Pump Market?
Major companies operating in the radial flow pump market are prioritizing geographical expansions, including establishing manufacturing plants to boost production capacity, enhance operational efficiency, and meet the increasing global demand for high-performance pumping solutions. Manufacturing plants are industrial facilities where raw materials are processed and assembled into finished products through systematic production processes. For instance, in July 2023, Xylem Inc., a US-based water technology company, inaugurated a new pump manufacturing facility in Egypt to enhance local production and support water infrastructure projects. This facility aims to improve supply chain efficiency, reduce lead times for regional customers, and manufacture advanced water and wastewater pumps tailored to local requirements. This expansion aligns with Xylem’s strategy to strengthen its presence in emerging markets.

Analysis Of Key Players In Radial Flow Pump Market
Major companies operating in the radial flow pump market are ANDRITZ AG, Star Pump Alliance GmbH, EBARA Corporation, Sulzer Ltd., ITT Inc., KSB SE & Co. KGaA, Wilo SE, Franklin Electric Co. Inc., John Crane (A Smiths Group Company), ITT Goulds Pumps (A Division of ITT Inc.), SPP Pumps Limited, Singla Motors Pvt. Ltd., Mahendra Pumps Pvt. Ltd., Kirk Pumps (Potentially Kirk Process Solutions Ltd.), Titanium Tantalum Products Limited, HiFuni Pumps Pvt. Ltd., C.R.I. Pumps Private Limited, Pumps and Systems Inc., Laxmi Pumps Private Limited, UNNATI MECH PRIVATE LIMITED, Silver Pumps & Motors, Flowserve Corporation, Xylem Inc., Malhar Pump Industrie, Softech Hydraulic & Pneumatic Systems.

View the full radial flow pump market report here:
https://www.thebusinessresearchcompany.com/report/radial-flow-pump-global-market-report

What Are The Key Regional Trends In The Radial Flow Pump Market?
Asia-Pacific was the largest region in the radial flow pump market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the radial flow pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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