Vertical Turbine Pumps Market Analysis and Forecast to 2033: By Material (Iron, Stainless Steel, Bronze), Stage (Single Stage Vertical Turbine Pumps, Multi-Stage Vertical Turbine Pumps), Capacity (Low Capacity, Medium Capacity, High Capacity), Speed (Low-

Vertical Turbine Pumps Market Analysis and Forecast to 2033: By Material (Iron, Stainless Steel, Bronze), Stage (Single Stage Vertical Turbine Pumps, Multi-Stage Vertical Turbine Pumps), Capacity (Low Capacity, Medium Capacity, High Capacity), Speed (Low-Speed, Medium-Speed, High-Speed), Application (Agriculture & Irrigation, Municipal Water Supply, Industrial Water Supply, Fire Protection, Irrigation, Mining, Oil and Gas, Chemical Processing, Power Generation, Wastewater Treatment), Type (Open Line Shaft, Enclosed Line Shaft, Close Coupled, Submersible, Deep Well), Fire Fighting (Firefighting Water Supply, Sprinkler Systems, Standpipe Systems, Fire Hydrant Systems, Foam Systems, Deluge Systems), Power Source (Electric, Diesel), and Region

The vertical turbine pump market size was USD 21,719.32 million in 2023 and is anticipated to reach USD 34,658.65 million in 2033, growing at a rate of 4.9% from 2024 to 2033.

Vertical turbine pumps, also known as deep well or line shaft pumps, are centrifugal pumps designed for fully submerged operation in water. They're commonly used to extract water from underground wells or reservoirs for various applications across industries. Their vertical design makes them more practical than submersible pumps, as it keeps the motor dry and minimizes risks. These pumps consist of a motor, discharge head, and rotating impeller attached to a shaft, which directs water into a diffuser casing known as a bowl. The impeller raises water velocity, and the bowl converts it into high pressure. The water then passes through multiple stages before reaching the surface through a vertical column pipe. The motor, located above ground, is connected to the impellers via a vertical shaft, supported by sleeve bearings lubricated by the passing water. Finally, the discharge head directs the flow towards the discharge pipe.

Vertical Turbine Pumps Market Scope and Report Structure

Market Drivers and Trends

1. Extensive application of vertical turbine pump in several industries

The growth of the global vertical turbine pump market is further fueled by the increasing demand from various industries. The pump offers numerous benefits like corrosion resistance, smooth flow, low maintenance, size & application versatility, etc. These features are anticipated to expand the product demand during the forecast period. Sectors such as agriculture, fire fighting, oil and gas, water and wastewater, and power generation depends heavily on vertical turbine pumps for their fluid handling needs. In agriculture, these pumps are used for irrigation purposes, ensuring a steady supply of water to crops. With the increasing global population, particularly in regions like Sub-Saharan Africa and South Asia, there's a projected surge in demand for vertical turbine pumps. Notably, Sub-Saharan Africa has exhibited remarkable agricultural production growth, positioning itself to not only fulfill its own food requirements but also contribute to the global food supply.

As agriculture continues to thrive in many African countries, this upward trend is poised to drive the global demand for vertical turbine pumps across diverse industries. Additionally, Amarillo Gear Company pioneering product lines was vertical turbine pumps, initially utilized by farmers for irrigating their fields. These pumps revolutionized agricultural practices by efficiently pumping water to irrigate vast areas, significantly enhancing crop yields and farm productivity.

2. Increasing Demand from Water and Wastewater Management Sector

One major opportunity in the global market for vertical turbine pumps is the increasing demand for water and wastewater management solutions worldwide. These pumps are mostly used in various applications such as water supply, irrigation, and wastewater treatment due to their capability to move large volumes of water efficiently over long distances and elevations. With urbanization, industrialization, and population growth putting more pressure on water resources and infrastructure, there is a greater need for dependable and efficient pumping systems to support water supply networks and wastewater treatment facilities.

Vertical turbine pumps play an important role in water and wastewater management infrastructure, aiding municipal water supply systems, agricultural irrigation networks, industrial water treatment plants, and desalination facilities. They are suitable for tasks like raw water intake, lift station pumping, water distribution, and wastewater conveyance, delivering efficient and dependable performance in various operating conditions. The water and wastewater management sector offers a big opportunity due to increased investment in water infrastructure projects worldwide. Governments, utilities, and private companies are putting a lot of money into upgrading old water systems, expanding water networks, and improving wastewater treatment to meet growing needs and regulations. For instance, according to an article published by the United States Environmental Protection Agency (EPA) in April 2024 states that more than $743 billion will be needed for water infrastructure upgrades over the next 20 years to deal with aging systems, population growth, and water quality issues. Vertical turbine pumps are crucial for these projects, providing efficient pumping solutions for water supply, distribution, and treatment.

As developing countries in Asia, Africa, and Latin America urbanize and industrialize, the demand for water management solutions will go up. Vertical turbine pump makers can take advantage of this by offering innovative and high-tech pumping systems tailored to each market's specific needs and challenges.

Market Restraints and Challenges

1. High Initial Investment Costs and Total Ownership Costs

One important restraint in the global vertical turbine pumps market is the high initial investment costs and total ownership costs associated with these pumping systems. Vertical turbine pumps are complex mechanical devices that require specialized engineering, materials, and manufacturing processes, causing in higher upfront capital expenditures compared to conventional pump types such as centrifugal pumps. Additionally, factors such as customization requirements, installation complexities, and site-specific conditions can further increase the total cost of ownership for vertical turbine pumps over their operational lifespan.

The restraint posed by high initial investment costs is the adoption of vertical turbine pumps in water supply and irrigation projects in developing countries. While vertical turbine pumps offer higher performance and efficiency for lifting water from deep wells or reservoirs, the high upfront capital costs can pose challenges for low cash municipalities, agricultural cooperatives, and small-scale farmers seeking to invest in water infrastructure. For instance, according to a study conducted by the World Bank found that the cost of installing vertical turbine pumps for irrigation purposes in rural areas of sub-Saharan Africa could range from USD 10,000 to USD 50,000 per pump, depending on factors such as pump capacity, depth of water source, and installation requirements. Such high initial costs might discourage users from investing in these pumps, delaying or canceling water projects and limiting access to reliable water sources for farming and livelihoods.

2. Operational and Maintenance Challenges

Another significant challenge in the worldwide vertical turbine pumps market is the difficulties affecting to their operation and maintenance. These pumps work in tough conditions like deep wells and industrial environments, facing high pressures and rough substances. Because of this, they need frequent check-ups, upkeep, and fixes to work well and last long. The main issues with vertical turbine pumps are the possibility of them breaking down and causing delays in important areas like city water systems and factories. These pumps have many complex parts that can wear out or get damaged over time, like impellers and bearings. For instance, according to a research by the American Water Works Association (AWWA) showed that vertical turbine pumps were a major cause of pump failures in city water systems. Problems like damaged impellers, leaking seals, and bearing issues led to unexpected downtime and service disruptions. These challenges can seriously affect water reliability, public health, and economic activity, underscoring the need for proactive maintenance and asset management approaches for vertical turbine pumps.

To tackle the issues with operating and maintaining vertical turbine pumps, manufacturers can work on making better pump designs, choosing stronger materials, and improving reliability. They can also provide services like predictive maintenance, remote monitoring, and readily available spare parts to help users keep their pumps working well, reduce downtime, and cut costs over time.

COVID-19 Impact

Pre-COVID-19 Pandemic Scenario

In the pre-COVID-19 years of 2018 and 2019, the Vertical Turbine Pumps Market was witnessing significant growth. This growth was driven by factors such as increasing water scarcity, rapid industrialization, urbanization, and a flourishing agricultural sector. Further, in mid-2018, KSB extended its portfolio by adding a comprehensive program of vertical turbine pumps, known as B Pumps. These multistage vertical turbine pumps with a submerged hydraulic system covered heads of up to 200 meters and flow rates of up to 720 liters per second. KSB’s product expansion demonstrated the company’s commitment to catering to the diverse needs of customers across various industries. The market growth was also fueled by governmental support and investments in updating outdated pumps to provide continuous water supply in residential, commercial, and industrial facilities. The Asia-Pacific region, with rising investments in countries like China and India, was expected to dominate the Vertical Turbine Pumps market15. Thus, the vertical turbine pumps market in 2018 and 2019 was characterized by innovation, expansion, and a focus on efficiency and reliability. Companies such as KSB were at the forefront of these developments, offering a range of products to meet the diverse needs of customers across various industries.

COVID-19 Pandemic Scenario

The COVID-19 pandemic has had a significant impact on the global vertical turbine pumps industry. The industry faced a decline in demand due to the lockdown measures and disruptions in the supply chain. This led to the shutdown of several manufacturing facilities, causing fluctuations in module prices and affecting capital investment across regions. The pandemic had particularly affected smaller players and organizations with weaker financial positions, leading to a reduction in total industrial manufacturing capacity. However, governmental bodies across countries such as India, the U.K., U.S., and China have been supporting manufacturers with unidirectional trade policies. Despite these challenges, the vertical turbine pumps market is showing resilience. The increasing investment in building efficient water infrastructure facilities across developing nations is anticipated to have a positive impact on the market. Moreover, the growing focus on wastewater management and water conservation due to the pandemic is projected to augment the demand for vertical turbine pumps. Hence, while the COVID-19 pandemic had posed significant challenges to the vertical turbine pumps industry, it has also opened up new opportunities.

Post-COVID-19 Pandemic Scenario

The post-COVID-19 pandemic era has an impressive trajectory which is attributed to the influential impact of rapid urbanization, as cities and metropolitan areas undergo unprecedented expansion. With burgeoning population centers, the need for efficient water management and wastewater treatment becomes increasingly pronounced. Vertical turbine pumps emerge as indispensable tools in addressing this critical need, thereby solidifying their significance within the market landscape. Moreover, the versatility of vertical turbine pumps finds expression in a wide spectrum of municipal, agricultural, and industrial settings. From supplying water to remote agricultural fields to managing water in municipal systems, vertical turbine pumps have earned their reputation as dependable and robust solutions. Therefore, the post-COVID-19 era is expected to witness bolstering growth in the vertical turbine pumps industry.

Vertical Turbine Pumps Market Segmental Overview

The report analyses the Vertical Turbine Pumps market based on type, stage, material, capacity, speed, application, fire fighting, power source, and region.

Vertical Turbine Pumps Market by Type

Based on type segment, the market is segmented into open line shaft, enclosed line shaft, close coupled, submersible, deep well, and close coupled. The open line shaft segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 8,058.21 Million in 2023 and it is anticipated to grow further to USD 13,156.61 Million by 2033, at a CAGR of 5.1% during the forecast period. Vertical turbine pumps, including open line shaft designs, are widely used in various applications, from industrial plants to irrigation and municipal pumping systems. The growth factors for these pumps are largely driven by their versatility and adaptability to different conditions. Open line shaft vertical turbine pumps are engineered to meet a variety of applications. They are available in sizes ranging from 4” to 28” with flows from 50 to 18,000 GPM2. The pump bearings may be lubricated by the water being pumped or by an external water source, oil, or grease. In North America, most vertical turbines only have sleeve bearings which are not designed to carry any thrust or weight. Franklin Electric US & Canada Water Systems discussed the merits of installing either a vertical line shaft turbine or a submersible turbine pump. They highlighted factors such as the capability to replace your motor down the road, price, quiet operation, flow rate, ease of installation, and required maintenance.

Vertical Turbine Pumps Market by Material

Based on material, the market is segmented into cast iron, stainless steel, and bronze. The stainless steel segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 12,332.60 Million in 2023 and it is anticipated to grow further to USD 19,988.00 Million by 2033, at a CAGR of 5.0% during the forecast period. The reason for the growth of the stainless steel material segment is the increasing demand for pumps in applications where corrosion resistance is necessary. Stainless steel vertical turbine pumps are highly resistant to corrosion, rust, and chemical attack, making them suitable for handling corrosive fluids, abrasive materials, and aggressive environments. Industries such as chemical processing, oil and gas, wastewater treatment, and marine applications rely on stainless steel pumps to ensure reliable and efficient operation in challenging conditions, where traditional materials may degrade or fail ahead of time. Additionally, the versatility and adaptability of stainless steel make it suitable for a wide range of pump configurations, sizes, and designs to meet diverse application requirements. Stainless steel vertical turbine pumps are available in various grades, such as 304, 316, and duplex stainless steels, each offering specific properties and performance characteristics customized to different operating environments and fluids.

Vertical Turbine Pumps Market by Stage

Based on Stage, it is bifurcated into Single Stage Vertical Turbine Pumps and Multi-Stage Vertical Turbine Pumps. The multi-stage segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 13,656.46 Million in 2023 and it is anticipated to grow further to USD 22,026.51 Million by 2033, at a CAGR of 5.0% during the forecast period. The increasing demand for efficient water management solutions in urban and industrial settings is one of the significant drivers that is fueling the segmental growth in the coming years. As urbanization and industrialization continue to expand globally, the need for reliable water supply and distribution systems becomes critical. Multi-stage vertical turbine pumps are well-deployed for pumping water from deep wells, reservoirs, or rivers to water treatment plants, distribution networks, and industrial facilities. The ability to deliver high flow rates at high pressures makes multi-stage pumps essential for ensuring adequate water supply and pressure for residential, commercial, and industrial users. For instance, in April 2024, COVAL has unveiled its latest innovation, the CMS M multi-stage mini vacuum pumps, designed to offer a robust and efficient solution for various industrial tasks such as handling porous parts, tank emptying, and random gripping in challenging environments. These pumps, the result of COVAL's extensive research, feature an ultra-compact design and an optimized multi-stage Venturi system, ensuring strong suction flows of up to 550 Nl/min while minimizing compressed air usage and maintaining a small footprint.

Vertical Turbine Pumps Market by Capacity

Based on capacity, the market is segmented into low capacity, medium capacity, and high capacity. The medium capacity segment is anticipated to dominate the market during the forecast period. The segment was valued at USD  10,162.45 Million in 2023 and it is anticipated to grow further to USD  16,454.78 Million by 2033, at a CAGR of 5.0%  during the forecast period. One significant trend driving the demand for medium capacity vertical turbine pumps is the expansion of infrastructure projects and industrial developments worldwide. As economies grow and urbanization rates increase, there is a rising need for fluid handling systems capable of supporting critical infrastructure projects, including water supply networks, wastewater treatment facilities, and industrial processes. Medium capacity pumps are well-suited for these applications, offering sufficient flow rates and pressure capabilities to meet the demands of medium-sized municipalities, industrial plants, and commercial facilities. Thus, the expansion of infrastructure projects and industrial developments globally is likely the drive the segmental growth and leads to the growth of the vertical turbine pumps market in the coming years globally.

Vertical Turbine Pumps Market by Speed

Based on speed, the market is segmented into low speed, medium speed, and high speed. The medium speed segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 9,891.7 Million in 2023 and it is anticipated to grow further to USD 15,969.9  Million by 2033, at a CAGR of 5.0% during the forecast period. The increasing demand for adaptability and flexibility in pump performance. Medium-speed vertical turbine pumps offer a balance between high-speed and low-speed alternatives, allowing for a wide range of flow rates and flow capacities while maintaining efficient operation. This versatility makes them suitable for applications such as water supply, irrigation, and industrial processes where changing flow conditions and operating parameters are common. For example, in agricultural irrigation systems, medium-speed vertical turbine pumps are deployed to deliver water to fields and crops with varying irrigation requirements, providing reliable performance and optimal water distribution.

Vertical Turbine Pumps Market by Application

Based on application, the market is segmented into Agriculture, Municipal Water Supply, Industrial Water Supply, Fire Protection, Irrigation, Mining, Oil and Gas, Chemical Processing, Power Generation, and Wastewater Treatment. The agriculture segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 6,680.88 Million in 2023 and it is anticipated to grow further to USD 10,995.54 Million by 2033, at a CAGR of 5.2% during the forecast period. The agricultural sector represents a significant market segment within the global vertical turbine pumps market, relying heavily on these pumps for various irrigation and water management applications. Vertical turbine pumps play a crucial role in agricultural irrigation systems, where they are used to lift water from wells, reservoirs, or rivers and distribute it to crops across fields. These pumps are particularly favored in agriculture due to their ability to efficiently handle large volumes of water over long distances and varying terrain, ensuring consistent water supply for crop growth and maximizing yields. Vertical turbine pumps in agriculture offer adaptability to various irrigation methods and water sources, optimizing water usage and reducing wastage. Their versatility in operating with electric or diesel-driven motors makes them suitable for remote areas with limited grid power access, driving adoption and market growth.

Vertical Turbine Pumps Market by Power Source

Based on power source, the market is segmented into electric and diesel. The electric segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 17,488.5 Million in 2023 and it is anticipated to grow further to USD 28,063.4 Million by 2033, at a CAGR of 4.9% during the forecast period. The increasing focus on energy efficiency and environmental sustainability across industries. Electric-powered vertical turbine pumps offer significant energy savings compared to traditional diesel-powered pumps, making them an attractive option for companies seeking to reduce operating costs and carbon emissions. As governments worldwide implement stricter regulations and incentives to promote energy-efficient technologies, industries are increasingly adopting electric-powered pumps to meet sustainability targets and comply with environmental standards. For instance, in cities like Amsterdam and Copenhagen, where sustainability is a priority, electric-powered pumps are integrated into advanced water management infrastructure to optimize energy usage and minimize environmental impact.

Vertical Turbine Pumps Market by Fire-Fighting

Based on fire fighting, the market is segmented into Firefighting Water Supply Sprinkler Systems Standpipe Systems, Fire Hydrant Systems, Foam Systems, and Deluge Systems. The firefighting water supply segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 704.51 Million in 2023 and it is anticipated to grow further to USD  1,098.09  Million by 2033, at a CAGR of 4.61% during the forecast period. Firefighting water supply is a important application area within the global vertical turbine pumps market, where these pumps are essential for providing reliable and high-pressure water delivery to firefighting equipment during emergency situations. Vertical turbine pumps are commonly used in firefighting water supply systems to extract water from sources such as underground reservoirs, water tanks, or municipal water supplies and deliver it to fire hydrants, sprinkler systems, fire hoses, and other firefighting equipment. Their ability to generate high flow rates and pressures makes them well-suited for rapidly supplying large volumes of water to extinguish fires and prevent the spread of flames, thereby protecting lives and property

Geographical Analysis of Vertical Turbine Pumps Market

Based on region, the market is studied across North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Asia-Pacific region is anticipated to dominate the market during the forecast period. The region was valued at USD 8,687.0 Million in 2023 and it is anticipated to grow further to USD 14,341.1 Million by 2033, at a CAGR of 5.2% during the forecast period. The Asia-Pacific regional segment is witnessing a surge in the increase in the certifications, pump innovations & developments, and patents in the vertical pumps sector. The increase in the certifications and the pump innovations is directly proportionate to the increase in the credibility and trust in the products which can help the revenue to increase. For instance, in December 2023, Hyosung Goodsprings, a pump affiliate of Hyosung Group, announced its achievement of ISO 19443 certification, becoming the first pump company in the Asia-Pacific region to do so. This international standard focuses on nuclear power quality management, emphasizing a strong culture of nuclear safety and precautionary measures to ensure the safety of nuclear equipment. Compared to other standards, ISO 19443 sets stricter criteria for evaluation and certification.

Major Players in the Vertical Turbine Pumps Market

The key players studied in the Vertical Turbine Pumps market are National Pump Company (part of Gorman-Rupp Company) (US), Ruhrpumpen Group (part of Corporación EG) (Germany), Sinoflo (China), Sulzer Ltd (Switzerland), Trillium Flow Technologies (US), Xylem Inc. (US), Amarillo Gear Company, East Pump, Dongyin Pump, Wilo SE, Liyuan Pump, Shimge Pump, Leo Group, Weir Group, SPX Flow, KSB SE & CO. KGAA, Ebara Corporation, CNP Pumps India, Pentair PLC, Process Systems Inc., Cornell Pump Company, and Baker Hughes.

Recent Developments

In April 2024, Sulzer has inaugurated new pump production lines in Easley, South Carolina, USA, equipped with advanced technology. These lines manufacture submersible sewage and grinder pumps using local materials and labor, with an investment of over CHF10 million. The expansion strengthens Sulzer's US supply chain, supporting compliance with the Build America Buy America Act (BABA), improving production efficiency, and reducing lead times. The facility now produces Sulzer's ABS XFP sewage pumps and ABS Piranha PE grinder pumps, creating more local jobs and reinforcing Sulzer's commitment to vital industries and economic growth. Ongoing expansion in 2024 will further enhance US-based manufacturing and support additional local employment opportunities in the water industry.

In April 2024, Hartell has announced its expansion into the Latin American market. Teaming up with Mr. German Beroes of HVAC Global Reps, Hartell is bringing over six decades of experience and innovation in industrial and commercial pumps to Latin America. Hartell specializes in engineering top-notch condensate removal pumps, utility sink pumps, and OEM ice machine replacement pumps for various industries including HVAC, plumbing, refrigeration, and ice machines. These pumps are renowned for their high quality, reliability, and longevity, meeting strict quality standards in ISO-certified facilities. They are designed for easy installation, require minimal maintenance, and ensure safety, making them dependable even under heavy usage.

In March 2024, Taco Hydroflo Pump Solutions has relocated to a larger 45,000 sq. ft. facility in Lubbock, Texas, about 40 miles from its previous location. The new site offers more space for future expansion, additional capabilities, and team growth. Acquired by Taco in 2012, Hydroflo manufactures various pumps for agricultural, commercial, industrial, municipal, marine, mining, and power generation applications.

In February 2024, PLEUGER has acquired AVI International, a company based in Connecticut that specializes in upgrading, repairing, and servicing rotating equipment. This acquisition marks PLEUGER's expansion into the North American markets and represents a significant milestone in its commitment to innovation and engineering excellence. With manufacturing facilities in Germany and France, PLEUGER aims to strengthen its presence in the United States and Canada by integrating AVI International into its operations. A key aspect of this acquisition is the establishment of AVI as a crucial facility for PLEUGER's operations in the local market. This strategic move will facilitate the establishment of PLEUGER Service locally, leading to shorter lead times for spare parts and ultimately, greater customer satisfaction. With sales operations in Texas and assembly and service facilities in Connecticut, PLEUGER aims to provide prompt pump delivery and service solutions throughout North America.

August 2023, Bearing Selection Crucial to Vertical Turbine Pump Reliability says Thordon. Delegates at an international water industry conference learned that bearing selection plays a critical role in vertical turbine pump (VTP) performance, and that application, medium and bearing material should also be considered during pump manufacturing or refurbishment.

February 2023, Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, primarily for the offshore and onshore oil & gas industries; nuclear and renewable energy generation; defence; desalination; process and industrial markets, has won another order from Iraq Gates Contracting Company, this time for two bespoke API 610 12th Edition VS4 vertical pumps for the Rumaila oil field, Iraq. This further order for Amarinth from Iraq Gates Contracting Company (IGCC) is for two bespoke API 610 12th Edition VS4 vertical pumps with Plan 53B seal support systems.

Vertical Turbine Pumps Market Report Coverage

The report offers a comprehensive quantitative as well as qualitative analysis of the current Vertical Turbine Pumps Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.

The report also covers qualitative as well as quantitative analysis of Vertical Turbine Pumps Market in terms of revenue ($Million).

Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Vertical Turbine Pumps industry.

A thorough analysis of market trends and restraints is provided.

By region as well as country market analysis is also presented in this report.

Analytical depiction of the Vertical Turbine Pumps Market along with the current trends and future estimations to depict imminent investment pockets. The overall Vertical Turbine Pumps industry opportunity is examined by understanding profitable trends to gain a stronger foothold.

Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Vertical Turbine Pumps Market are also analyzed.

Frequently Asked Questions

Q1. How big is the Vertical Turbine Pumps market?

Ans. The Vertical Turbine Pumps market size was USD 21,719.32 million in 2023 and is anticipated to reach USD 34,658.65 million in 2033, growing at a rate of 4.9% from 2024 to 2033.

Q2. What is the Vertical Turbine Pumps market growth rate?

Ans. The growth rate of the Vertical Turbine Pumps market is 4.9% from 2023 to 2033.

Q3. Which region holds a major market share for the Vertical Turbine Pumps market?

Ans. Asia Pacific holds a major market share of the Vertical Turbine Pumps market in 2023.

Q4. Which segment accounted for the largest Vertical Turbine Pumps market share?

Ans. Based on material, the market is segmented into cast iron, stainless steel, and bronze. The stainless steel segment is anticipated to dominate the market during the forecast period.

Q5. Who are the key players in the Vertical Turbine Pumps market?

Ans. The Vertical Turbine Pumps market report includes players such as National Pump Company (part of Gorman-Rupp Company) (US), Ruhrpumpen Group (part of Corporación EG) (Germany), Sinoflo (China), Sulzer Ltd (Switzerland), Trillium Flow Technologies (US), Xylem Inc. (US), Amarillo Gear Company, East Pump, Dongyin Pump, Wilo SE, Liyuan Pump, Shimge Pump, Leo Group, Weir Group, SPX Flow, KSB SE & CO. KGAA, Ebara Corporation, CNP Pumps India, Pentair PLC, Process Systems Inc., Cornell Pump Company, and Baker Hughes.

Q6. What is the factor driving the Vertical Turbine Pumps market growth?

Ans. The major factor driving the growth of the market is Increasing Demand from Water and Wastewater