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 urbanization and rising demand for wastewater treatment are driving the market growth.
Vertical turbine pumps are categorized as centrifugal pumps. The motor in vertical turbine pumps is located above ground level and is connected to the impellers at the pump’s bottom via a vertical shaft. These pumps are typically powered by a diesel engine or an alternating current electric induction motor.
Vertical turbine pumps are typically used in situations where submersible pumps cannot be used. Deep well turbine pumps are another name for vertical turbine pumps. Vertical turbine pumps are used in a variety of municipal, agricultural, and industrial applications.
Furthermore, in terms of location and pump length, vertical turbine pumps are extremely versatile and adaptable. Vertical turbine pumps’ advantages outweigh their disadvantages, propelling the market forward. This growth is expected to accelerate in the future as governments around the world increase their spending on agriculture.
Furthermore, the market is expected to expand at a reasonable rate. Because the vertical turbine pumps have a longer lifespan, the replacement rate is very low.
The global market for vertical turbine pumps is being driven by rising investments in infrastructure development activities as well as rising demand for wastewater treatment plants in developing regions such as the Asia Pacific and the Middle East and Africa.
Furthermore, the greater benefits provided by vertical turbine pumps over other pumps are increasing their popularity around the world. Furthermore, the preference for vertical turbine pumps is due to low priming issues caused by impellers that are already submerged in liquid.
Asia Pacific is expected to dominate the global market in terms of demand during the forecast period. This can be attributed to the region’s rapidly growing population. This, in turn, leads to the establishment of all industries at a healthy rate, resulting in a significant demand for vertical turbine pumps in the future. Furthermore, due to the presence of some of the region’s leading manufacturers.
- National Pump Company.
- Grundfos Pumps Corporation
- Pentair Aurora Pump
- Simple Pump
- Process Systems
- Neptuno Pumps Ltda
- Sintech Precision Products Ltd.
- Kirloskar Brothers Limited
- ITT INC.
- Gusher Pumps
- Hydroflo Pumps