Global Vertical Turbine Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vertical Turbine Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Vertical turbine pumps are designed to move water from an underground well or reservoir. They’re also known a deep well turbine pumps or a line shaft turbine pumps. The electric motor of a vertical turbine pump is located above ground, connected via a long vertical shaft to impellers at the bottom of the pump.

Market Overview:

The latest research study on the global Vertical Turbine Pumps market finds that the global Vertical Turbine Pumps market reached a value of USD 399.07 million in 2022. It’s expected that the market will achieve USD 503.14 million by 2028, exhibiting a CAGR of 3.94% during the forecast period.

Market Opportunities and Drivers

Vertical turbines are commonly used in all types of applications, from process water in industrial plants to cooling towers in power plants, from raw water to irrigation, increasing water pressure in municipal pumping systems, and almost all other imaginable To the pumping application. Turbines are one of the most popular pump types for designers, end users, installation contractors and distributors. Extensive downstream applications ensure the market demand for vertical turbine and provide opportunities for players in the industry.
The vertical turbine pump industry is currently in the market with a sound industrial chain, and the technical and economic links between various industrial sectors are closely linked. The complete industrial chain and scale of production have saved costs and increased profitability for the production of enterprises To promote the development of the industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Grundfos, Sulzer, and Xylem with the revenue market share of 17.06%, 12.49%, and 9.82% in 2018.

Grundfos AS manufactures pumps and pumping equipment. The Company offers measuring amplifiers, dosing instruments, pressure boosting pumps, multistage centrifugal pumps, fire system, double volute, lifting stations, generator, and pressure manager. Grundfos conducts its business globally.

Sulzer AG manufactures flow control and applicators. The Company specializes in pumping solutions and services for rotating equipment, as well as separation, mixing, and application technology. Sulzer serves customers worldwide.

Segmentation Overview:

Among different product types, Ductile Iron Pump segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Municipal segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Vertical Turbine Pumps market covered in Chapter 3:

Gorman Rupp (National Pump)
Grundfos
Flowserve
SMI
Pentair Aurora Pump
KBL
Sulzer
Ruhrpumpen
Process Systems
Hydroflo Pumps
Xylem
Simflo Pump

In Chapter 4 and Chapter 14.2, on the basis of types, the Vertical Turbine Pumps market from 2018 to 2029 is primarily split into:

Ductile Iron Pump
Stainless Steel Pump
Other Pump

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vertical Turbine Pumps market from 2018 to 2029 covers:

Municipal
Firefighting
Agriculture
Industrial
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)