Axial Flow Pump Market Share And Rising Demand With USD 70.8 Billion By 2025 : Grand View Research Inc.
San Francisco, 11 October 2019: The Report Axial Flow Pump Market Size, Share & Trends Analysis Report By Type (Miniwatt, High Power), By Application (Domestic Water & Wastewater, Petroleum, Chemical, Food & Beverage), By Region, And Segment Forecasts, 2019 – 2025 The global axial flow pump market size is anticipated to reach USD 70.8 billion, exhibiting a CAGR of 8.4% from 2019 to 2025, according to a new report by Grand View Research, Inc. Rising investments in water and wastewater plants on account of rapid urbanization and industrialization coupled with ever-increasing population and increasing demand for energy fuel are some of the factors favoring the growth of the market. Based on type, the global market has been segmented into miniwatt and high power. High power pumps segment is projected to account for the largest market share owing to their increasing demand in water treatment, irrigation system, and flood dewatering applications. Miniwatt axial flow pum