Global Regenerative Turbine Pump Market

Global Regenerative Turbine Pump Market Size, Share, Growth Analysis, By Product(Single-Stage, Multi-Stage), By Application(Boosting, Boiler Feed) - Industry Forecast 2023-2030


Report ID: SQMIG20E2057 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 63 | Figures: 75

Global Regenerative Turbine Pump Market Insights

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.

Market snapshot - 2023-2030

Global Market Size

USD 207.84 million

Largest Segment

Single-Stage

Fastest Growth

Single-Stage

Growth Rate

7.1% CAGR

Global Regenerative turbine pump market ($ Bn)
Country Share for North America Region (%)
Global Regenerative turbine pump market By Product ($ Bn)
Global Regenerative turbine pump market By Product (%)

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Global Regenerative Turbine Pump Market Segmental Analysis

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

Global Regenerative turbine pump market By Product, 2021 (%)

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Global Regenerative Turbine Pump Market Regional Insights

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.

Global Regenerative turbine pump market By Geography, 2023-2030
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  • Fastest

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Global Regenerative Turbine Pump Market Dynamics

Drivers

Precise Pressure Control

  • Regenerative turbine pumps are an expert in customizing precise pressure control. This has driven their adoption in applications like boiler feed systems. That is because they need to steady pressure levels at an optimal stage to ensure safety and efficiency.

Energy Efficiency

  • Regenerative turbine pumps are a sustainable alternative that can be applied in several industries. Their high energy efficiency drives their appeal. Businesses that prioritize the lower rate of energy consumption tend to use these products in their applications.

Restraints

Maintenance Complexity

  • Regenerative turbine pumps prove to be a hassle when it comes to upkeep. Qualified technicians are required to deliver the specialized maintenance these products need. This servicing can be a potential problem as qualified technicians are limited in certain regions.

Competitive Alternatives

  • Though the benefits of regenerative turbine pumps have made them a preferred choice in multiple industries, there is other competition. Other pump alternatives such as positive displacement and centrifugal pumps are now also being sought. This is because they can be more suited to some specific applications.

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Global Regenerative Turbine Pump Market Competitive Landscape

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

  • Xylem Inc.
  • KSB SE & Co. KGaA
  • Grundfos Holding A/S
  • ITT Inc.
  • Nikkiso Co., Ltd.
  • Kirloskar Brothers Limited
  • Teikoku Electric Mfg. Co., Ltd.
  • Hayward Industries, Inc
  • ProMinent GmbH
  • Tsurumi Manufacturing Co., Ltd.
  • Zenit Group
  • Gardner Denver Holdings, Inc.
  • Comet Spa
  • Roper Technologies, Inc.
  • KISTLER Group
  • Speck Pumpen Walter Speck GmbH & Co. KG
  • Regal Beloit Corporation

Recent Developments

  • Roth Pump Co. has been at the forefront in developing innovative, high quality pumps and systems. The leading supplier to the oil and gas industry of regenerative turbine pumps. This company reported in March 2023 that it would soon be releasing its new line of self-priming pumps. This product line will be easier to install and maintain when compared to traditional pumps.
  • WARRENDER, LTD. is a leading provider of caster pumps. The USA-based company supplies regenerative turbine pumps primarily to the marine sector. This company announced in February 2023 that it would soon be putting out a new line of high-pressure pumps on the market. These pumps will cater to the rise in demand of the offshore wind power market.
  • Corken, Inc. is a leading manufacturer of industrial compressors and accessories. The regenerative turbine pumps producer reported in June 2023 that it was going to release a new line of high-efficiency pumps. This product line will serve the water and wastewater treatment industry. It is preferable over traditional pumps as it offers about 80% energy savings.
  • DLT Electric, LCC is a commercial and industrial, high quality motor, high pressure, low capacity regenerative turbine pump manufacturer. It was bought by MTH Pumps in April 2023. MTH Pumps creates regenerative turbine pumps that are designed for high pressure and low flow applications. This purchase will help MTH to penetrate new markets by broadening their product range.
  • Magnatex Pumps, Inc. is a leading manufacturer of high-quality centrifugal pumps and related pumping equipment for industrial and chemical applications. They announced in May 2023 that they’ll be building a new production plant in China. This new manufacturing facility has been built to cater to the rising demand of pumps in the Asian market.

Global Regenerative Turbine Pump Key Market Trends

  • Energy Efficiency Emphasis: One of the key market trends that impacted the industry was the growing focus on energy efficiency. Regenerative turbine pumps are widely adopted in applications where energy consumption rate needs to be on the lower side. Their suitability to these tasks is due to its increasingly efficient nature. The impact of this trend was deeper in industries who wanted to comply with sustainability goals while lowering operational costs.
  • Rise of Industrial Applications: Regenerative turbine pumps gained traction in various industrial sectors, such as chemical processing, power generation, and manufacturing. The ability of these pumps to provide precise pressure control made them indispensable in critical processes.

Global Regenerative Turbine Pump Market SkyQuest Analysis

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.

Report Metric Details
Market size value in 2021 USD 207.84 million
Market size value in 2030 USD 385.33 million
Growth Rate 7.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Single-Stage, Multi-Stage
  • Application
    • Boosting, Boiler Feed, Refrigeration, Chemical Processing and Power Generation
Regions covered 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)
Companies covered
  • Xylem Inc.
  • KSB SE & Co. KGaA
  • Grundfos Holding A/S
  • ITT Inc.
  • Nikkiso Co., Ltd.
  • Kirloskar Brothers Limited
  • Teikoku Electric Mfg. Co., Ltd.
  • Hayward Industries, Inc
  • ProMinent GmbH
  • Tsurumi Manufacturing Co., Ltd.
  • Zenit Group
  • Gardner Denver Holdings, Inc.
  • Comet Spa
  • Roper Technologies, Inc.
  • KISTLER Group
  • Speck Pumpen Walter Speck GmbH & Co. KG
  • Regal Beloit Corporation
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Regenerative Turbine Pump Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Regenerative Turbine Pump Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

Analyst Support

Customization Options

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.

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FAQ's

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’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. 'Xylem Inc.', 'Sulzer Ltd.', 'KSB SE & Co. KGaA', 'Grundfos Holding A/S', 'ITT Inc.', 'Flowserve Corporation', 'Ebara Corporation', 'Nikkiso Co., Ltd.', 'Kirloskar Brothers Limited', 'Teikoku Electric Mfg. Co., Ltd.', 'Hayward Industries, Inc', 'ProMinent GmbH', 'Tsurumi Manufacturing Co., Ltd.', 'Zenit Group', 'Gardner Denver Holdings, Inc.', 'Comet Spa', 'Roper Technologies, Inc.', 'KISTLER Group', 'Speck Pumpen Walter Speck GmbH & Co. KG', 'Regal Beloit Corporation'

Regenerative turbine pumps are an expert in customizing precise pressure control. This has driven their adoption in applications like boiler feed systems. That is because they need to steady pressure levels at an optimal stage to ensure safety and efficiency.

Energy Efficiency Emphasis: One of the key market trends that impacted the industry was the growing focus on energy efficiency. Regenerative turbine pumps are widely adopted in applications where energy consumption rate needs to be on the lower side. Their suitability to these tasks is due to its increasingly efficient nature. The impact of this trend was deeper in industries who wanted to comply with sustainability goals while lowering operational costs.

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.

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