Emerging Growth Drivers in the Radial Flow Pump Global Market Report 2025 Market Landscape: Expansion Of Oil And Gas Exploration Driving Market Growth Due To Rising Energy Demand
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How Has the Radial Flow Pump Global Market Report 2025 Market Size Changed, over the years?
The market size of the radial flow pump has seen a consistent rise in recent years. Its size is projected to escalate from $24.50 billion in 2024 to $25.64 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period is credited to factors such as its increased incorporation in industrial applications, heightened demand for energy-efficient pumping solutions, expansion in the water and wastewater infrastructure, burgeoning infrastructure development, and increased exploration activities in oil and gas sector.
How Much Will the Radial Flow Pump Global Market Report 2025 Market Be Worth in 2029?
Predictions suggest a consistent increase in the size of the radial flow pump market over the next few years. By 2029, this market could be valued at $30.48 billion, with a compound annual growth rate (CAGR) of 4.4%. Factors such as advancements in automation, rising ecological worries, a surge in usage in renewable energy, emphasis on high-pressure applications, and the incorporation of Industry 4.0 principles contribute to this predicted growth. The forecast period is expected to see ongoing technological advancements, innovation, improvements in technology, integration of digitalization, adoption of sustainable practices and breakthroughs in sealing technologies.
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Which is the Largest Company in the Radial Flow Pump Global Market Report 2025 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.
What Are the Main Market Drivers in the Radial Flow Pump Global Market Report 2025 Industry?
Rising oil and gas exploration is also promoting the growth of the radial flow pump market. These pumps are used for high-pressure operations in extraction, refining, and circulation. According to Statistics Canada, crude oil and equivalent production increased by 6.8% in June 2024, reaching 23.9 million cubic meters, marking the ninth month of consecutive growth. Therefore, exploration expansion is fueling the radial flow pump market.
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How Is the Radial Flow Pump Global Market Report 2025 Market Segments Structured?
The radial flow pump market 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 Strategic Trends Are Transforming the Radial Flow Pump Global Market Report 2025 Market?
Leading businesses in the radial flow pump market are placing high importance on expanding their geographical reach, which includes setting up manufacturing facilities to escalate their production capacity, improve operational efficiency and meet the growing international demand for top-quality pumping solutions. Manufacturing facilities are complex industrial sites where raw materials transform into final products via structured production procedures. For instance, in July 2023, Xylem Inc., an American water technology firm, opened a new pump manufacturing establishment in Egypt to reinforce local production and assist water infrastructure projects. This establishment is intended to enhance supply chain effectiveness, decrease waiting periods for regional clients, and fabricate superior water and wastewater pumps customised to meet local necessities. This expansion effort is in line with Xylem’s plan to reinforce its footprints in emerging markets.
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Which Global Regions Offer the Highest Growth in the Radial Flow Pump Global Market Report 2025 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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This Report Delivers Insight On:
1. How big is the radial flow pump global market report 2025 market, and how is it changing globally?
2. Who are the major companies in the radial flow pump global market report 2025 market, and how are they performing?
3. What are the key opportunities and risks in the radial flow pump global market report 2025 market right now?
4. Which products or customer segments are growing the most in the radial flow pump global market report 2025 market?
5. What factors are helping or slowing down the growth of the radial flow pump global market report 2025 market?
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