Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.86 Billion | USD 44.99 Billion | 7.3% | 2023 |
According to a report from Zion Market Research, the global Regenerative Turbine Pump Market was valued at USD 23.86 Billion in 2023 and is projected to hit USD 44.99 Billion by 2032, with a compound annual growth rate (CAGR) of 7.3% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Regenerative Turbine Pump Market industry over the next decade.
A regenerative turbine pump is a type of pump that uses a rotating impeller with vanes to generate high pressure and flow by repeatedly recirculating fluid through its channels. It is ideal for handling low-flow, high-head applications and is commonly used in chemical processing, boiler feed, and water treatment systems.
The market is primarily driven by the wide range of applications that the regenerative turbine pump can deliver as in car wash installations, small boiler feed pumps and many more such applications. Due to the advent of technology, manufacturers nowadays, are coming up with regenerative turbine pumps which transfer the low viscosity liquids at high pressure while handling the liquids or vapors at or near the boiling points.
The COVID-19 pandemic has negatively impacted the Global Regenerative Turbine Pump Market. The lockdowns due to the pandemic has caused the shutdown of multiple manufacturing projects, which has significantly impacted the Regenerative Turbine Market. Also, the work force available is less which has led to lower number of installations of regenerative turbine pumps. Many of the industrial have been halted due to COVID-19, but it is estimated the market will soon recover once all the lockdown restrictions are lifted.
The compact size, less maintenance cost and simple design are the key features that are augmenting the growth of regenerative turbine pump market. The wide adoption of these regenerative pumps across wide range of industries such as oil and energy, waste management, chemical industries and agriculture is also one of the factors that is boosting the demand for regenerative turbine pumps. Governments across many countries have implemented the regulations of treatment of industrial wastewater. The treatment of wastewater requires pumping of hazardous liquids where regenerative pumps of lower capacity are capable of handling industrial fluids with low heads.
The rising investments to boost the development of the industrial sector is also one of major factors for the demand in this market. Further, the technological advancements and the increasing production of efficient turbine pumps causes the demand for a greater number of regenerative turbine pumps.
Priming Analysis Preview
This is mainly due to the fact that self-priming regenerative pumps are widely adopted in nonabrasive polluted water handling facilities. These self-priming regenerative pumps are often used in mining and construction industry in order to dewater the sites. Also, the growing investment in the infrastructural development is going to boost the demand for this segment in the market. The feature of being highly economical with less power consumption is also the factor contributing the demand for self-priming regenerative market.
The abilities of these pumps to deliver with lesser to no pressure pulsation at the outlet is one of major factors for the demand of the single stage regenerative turbine pumps. It also has compact size, has less maintenance cost and possesses simple design which further increase the demand for this segment in the market. Also, large number of industries such as oil and energy, agriculture and waste management do use the single stage regenerative turbine pumps.
Application Analysis Preview
The regenerative turbine pumps are widely used in the chemical plants in order to propel hazardous and volatile chemical to the end-users effectively. Also, the regenerative turbine pumps are able to capture the volatile vapors and pump the hazardous chemicals effectively which ensure the safety of the operators and machinery.
This is mainly due to the factors such as growing demand for clean food and rising population in developing nations. Also, the rising demand for the improved and efficient irrigation systems is boosting the demand for technological advanced pumping system. Due to their features such as less leakage, low maintenance and safe in operation, the regenerative turbine pumps are widely used in the Agricultural segment.
Report Attributes | Report Details |
---|---|
Report Name | Regenerative Turbine Pump Market |
Market Size in 2023 | USD 23.86 Billion |
Market Forecast in 2032 | USD 44.99 Billion |
Growth Rate | CAGR of 7.3% |
Number of Pages | 160 |
Key Companies Covered | Burks Pumps, Speck, MTH Pumps, PSG, Roth Pump, Pentair, Nikuni, Xylem, Grundphos, Corken Inc., Warrender Ltd., Magnatex Pumps, LLC, DLT Electric, Teikoku, Klaus Union, CP Pump, CRI Group, IDEX and Mikuni among others. |
Segments Covered | By Priming, By Product, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America held a share of 33% in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. This is due to the fact that there has been rising investments in chemical plants and industries. Also, there has been significant growth of food and beverage sector and the rising disposable income population has been increasing. These pumps are preferred across the chemical sector as it has the ability to capture the vapors generated by the processing of chemicals, which increases the overall demand for these pumps.
Asia-Pacific is expected to have the CAGR of 9.2% from 2024 to 2032. This is mainly due to the factors such as growth in infrastructure development and the expansion of the construction industry. The rising investments and the technological innovations are also the factors fueling the growth for the regenerative turbine pumps. The increasing usage of these pumps across the agricultural industry as it is used in fertilizer handling and is used in providing continuous water flow for irrigation are also the factors for the demand for regenerative turbine pumps in this region.
Some of the key players in the Regenerative Turbine Pump Market include
In 2020, Ebspray announced the release of new regenerative turbine pumps names HiFLow Series pumps, which are specifically designed to efficiently optimize the handling and transport of LPG, butane, propane and Autogas. They are mounted for large volume fluid transfer and provide a variety of operational advantages as compared to its other competitors.
By Priming
By Product
By Application
By Region
North America
FrequentlyAsked Questions
A regenerative turbine pump is a type of pump that uses a rotating impeller with vanes to generate high pressure and flow by repeatedly recirculating fluid through its channels. It is ideal for handling low-flow, high-head applications and is commonly used in chemical processing, boiler feed, and water treatment systems.
According to study, the Regenerative Turbine Pump Market size was worth around USD 23.86 billion in 2023 and is predicted to grow to around USD 44.99 billion by 2032.
The CAGR value of Regenerative Turbine Pump Market is expected to be around 7.3% during 2024-2032.
North America has been leading the Regenerative Turbine Pump Market and is anticipated to continue on the dominant position in the years to come.
The Regenerative Turbine Pump Market is led by players like Burks Pumps, Speck, MTH Pumps, PSG, Roth Pump, Pentair, Nikuni, Xylem, Grundphos, Corken Inc., Warrender Ltd., Magnatex Pumps, LLC, DLT Electric, Teikoku, Klaus Union, CP Pump, CRI Group, IDEX and Mikuni among others.
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