Asia Pacific Is Expected To Register A CAGR Of 10% For Vertical Turbine Market In The Forecast Period 2022-2032
The Vertical Turbine Pumps market had a market value of US$ 25 billion in 2022 and is expected to have a market value of US$ 40.72 billion in 2032, with a CAGR of 5% from 2022 to 2032. Rapid urbanisation and rising demand for wastewater treatment are driving market growth.
In terms of demand, Asia Pacific is anticipated to dominate the global market during the forecast period. This can be attributed to the rapidly increasing population of the region. This in turn leads to the establishment of all the industries at a healthy pace and hence this is expected to create significant demand for vertical turbine pumps in the future. In addition, owing to presence of some of the leading manufacturers in the regions
Owing to the reasons mentioned above, the Asia Pacific is expected to register a CAGR of 10% for vertical turbine market in the forecast period 2022-2032.In vertical turbine pumps, maintenance of the pump head is quite difficult. It needs a lot of headroom for its maintenance. This is the only challenge faced by the manufacturers of vertical turbine pumps across the globe.
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Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, motor is located above the ground level and is connected to the impellers at the bottom of the pump via vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.
Vertical turbine pumps are usually used where submersible pump cannot be used. Vertical turbine pumps are also known by deep well turbine pumps. The usage of vertical turbine pumps is mostly found in wide range of municipal, agricultural, and industrial applications.
Global Vertical Turbine Pumps Market: Market Participants
The global market for vertical turbine pumps is moderately fragmented as there are significant number of manufacturers across the globe. Although, names of some of market participants engaged in the manufacturing and sales of vertical turbine pumps are mentioned below:
- National Pump Company.
- Grundfos Pumps Corporation
- Pentair Aurora Pump
- Simflo Pump
- Process Systems
- Neptuno Pumps Ltda
- Sintech Precision Products Ltd
- Kirloskar Brothers Limited
- ITT INC.
- Gusher Pumps
- Hydroflo Pumps
- CNP PUMPS INDIA PVT. LTD
- C.R.I. Pumps Private Limited
- Hydroflo Pumps
Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, the motor is located above the ground level and is connected to the impellers at the bottom of the pump via a vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.
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Key Segments Profiled in the Vertical Turbine Pumps Industry Survey
- Single Stage Vertical Turbine Pumps
- Multi-Stage Vertical Turbine Pumps
- Agriculture & Irrigation
- Power Generation
- Oil & Gas
- General Industry