USD 207.84 million
Report ID: SQMIG20E2057 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 63 | Figures: 75
Global Regenerative Turbine Pump Market size was valued at USD 207.84 million in 2021 and is poised to grow from USD 222.60 million in 2022 to USD 385.33 million by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).
The regenerative turbine pump market is a vital segment of the fluid handling industry, characterized by its unique and efficient pumping technology. These pumps, also known as peripheral or peripheral-vane pumps, operate on the principle of fluid being continuously circulated in a ring-shaped channel between rotating impeller blades and a stationary boundary. This design imparts significant advantages, making regenerative turbine pumps suitable for various applications.
One of the primary drivers of this market is their exceptional efficiency. Regenerative turbine pumps can achieve higher pressures and flow rates compared to many other pump types of similar size. This makes them ideal for applications like boosting water pressure in buildings, industrial processes, and power generation, where energy efficiency is crucial.
Additionally, their ability to handle low-flow, high-head applications, and compatibility with various fluids, including corrosive and high-temperature liquids, broadens their range of applications. In industries such as chemical processing, refrigeration, and boiler feed systems, these pumps find substantial utility.
The regenerative turbine pump market also benefits from the increasing emphasis on energy-efficient and environmentally friendly technologies. However, challenges like competition from alternative pump types and the need for regular maintenance should be considered. Nevertheless, the regenerative turbine pump market continues to evolve, driven by its efficiency advantages and adaptability across diverse industries.
Global Market Size
USD 207.84 million
To get more reports on the above market click here to Buy The Report
The regenerative turbine pump market is segmented by material, application, end-user and region. Based on material the market is segmented as, stainless steel, cast iron and other materials. Based on application the market is segmented as, water boosting, boiler feed, refrigeration, chemical processing and power generation. Based on end-user the market is segmented as, residential, commercial and industrial. Regionally, the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Analysis By Application
Water boosting leads the regenerative turbine pump market. Water boosting pumps are being widely adopted around the world. The rising need for water in new construction applications and the need to fight water pressure issues in pre-made structures has driven the demand for this segment. This category has also maintained its position due to commercial, industrial, and residential settings requiring enough steady water pressure. These factors have helped the category hold a huge dominion over the market.
On the other hand, Boiler feed has witnessed the quickest development. The demand for regenerative turbine pumps was rising among boiler feed applications. This is because industrial and power generation sectors have fueled the rise of this segment. These processes need steady and accurate water pressure and flow to guarantee efficient and safe processes. The need for energy-efficient and high-performance pumps in these sectors, coupled with advancements in pump technology, contributed to the segment's rapid growth.
Analysis By Product
Single-stage pumps are known for their simplicity and efficiency in applications where moderate pressure and flow rates are required. They are often used for residential and commercial water boosting, including applications like boosting water pressure in buildings or distributing water for irrigation. Due to their widespread use in everyday applications, single-stage regenerative turbine pumps have traditionally dominated the market.
Multi-stage pumps, on the other hand, are designed to handle applications demanding higher pressures or where multiple pressure stages are necessary. These pumps are favored in more complex industrial settings, including boiler feed applications, chemical processing, and power generation, where precise pressure control and efficiency are paramount. The multi-stage regenerative turbine pump segment is typically the fastest-growing, driven by the demand for increased energy efficiency and performance in industrial processes
To get detailed analysis on other segments, Request For Sample Report
The global regenerative turbine pump market’s leading region is North America. Its thriving commercial infrastructure and well-established industrial fields have resulted in the region’s market supremacy. The US has contributed greatly to the region’s current market position. The country’s increasing industrial activities have fueled the demand for efficient fluid handling, like that provided by regenerative turbine pumps. The commercial and industrial settings have boosted the adoption of this market’s product. The applications where it is extensively used include heating systems and water boosting.
Coming at a close second place, the APAC region also holds a considerable share of the market. Asia-Pacific’s flourishing industrial and manufacturing sectors can be credited for its market position. China is one the largest markets for regenerative turbine pumps in the world, contributing heavily to the APAC region’s substantial growth. China’s demand for efficient fluid-handling solutions stems from the growing rate of shifts to urban areas and growing industrial sectors. These systems are especially crucial in applications like chemical processing, boiler feed systems, and water supply.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Precise Pressure Control
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The regenerative turbine pump market’s competitive environment is what defines it. This ecosystem of intense rivalry includes local producers, inudtsry leaders, and new innovative startups. All participants in the maket strive to gain a share in this vital niche category of the fluid handling industry.
Some well known market names include Xylem Inc., KSB SE & Co. KGaA, and Sulzer Ltd. These market leaders have retained their top market positions by dominating a strong global presence. These dominating contenders use various advantages to stay ahead in the competition. This includes their broad product offerings, extensive research efforts, and vast resources. Thye use these factors to fulfill the varying needs of different industries.
They are popular since they maintain product reliability and quality. Their global reach has cemented their place as favored suppliers for critical applications in various sectors. These include chemical processing, industrial manufacturing, and power generation.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global regenerative turbine pump market analysis, the global regenerative turbine pump market is characterized by its efficient fluid-handling technology and is driven by several key factors.
North America and Asia-Pacific dominate the market, with North America's mature industrial and commercial sectors, while Asia-Pacific experiences rapid industrialization. Segment-wise, the market is divided into single-stage and multi-stage pumps. Single-stage pumps are prevalent in residential and commercial water boosting, while multi-stage pumps find favor in industries such as power generation and chemical processing.
The primary drivers include the growing emphasis on energy efficiency, precise pressure control in critical applications, and the versatility of these pumps in handling various fluids. Additionally, the sustainability focus and advancements in materials and design contribute to market growth.
As industries increasingly prioritize energy-efficient and eco-friendly solutions, the regenerative turbine pump market is poised for continued expansion and innovation, catering to diverse industrial and commercial demands.
|Market size value in 2021
|USD 207.84 million
|Market size value in 2030
|USD 385.33 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Regenerative Turbine Pump Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Regenerative Turbine Pump Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Regenerative Turbine Pump Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Regenerative Turbine Pump Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.