Market Definition
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.
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Market Outlook
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.
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.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The report analyses the Vertical Turbine Pumps market based on type, stage, material, capacity, speed, application, fire fighting, power source, and region.
Major Players
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.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2023 – US$ 21,719.32 million
• Market Size in 2033 – US$ 34,658.65 million
• CAGR % – 4.9%
• Historic Period – 2017-2022
• Forecast Period – 2024-2033
• Base Year – 2023
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