Home > Energy, Mining, Oil & Gas > Regenerative Turbine Pump Market
Regenerative Turbine Pump Market size was valued at USD 222.6 million in 2022 and is estimated to witness 7.1% CAGR from 2023 to 2032. A regenerative turbine pump is a pump that utilizes a rotating impeller with small vanes to generate high-pressure fluid flow. It accomplishes this by transferring energy from the rotating impeller to the fluid through a sequence of repeated impeller-vane interactions. This distinctive design enables the pump to efficiently handle low flow rates and high heads, making it well-suited for applications such as boiler feed, condensate transfer, and high-pressure fluid circulation.
To get more details on this report: Request Free Sample PDF
Flourishing HVAC industry fueled by the expanding construction sector and the increasing emphasis on energy-efficient buildings will strengthen the business growth. Moreover, rising investments in infrastructure development projects including wastewater treatment plants and power generation facilities driven by rapid industrialization & urbanization in emerging economies will contribute to a positive regenerative turbine pump market scenario. The demand for these units will be further driven by their efficient design, reduced flow interruption, and ability to handle high gas capacities, making them suitable wide tandem of applications.
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | USD 222.6 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7.1% |
2032 Value Projection: | USD 435.6 Million |
Historical Data for: | 2019 to 2022 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 977 |
Segments covered: | Product, Priming, Capacity, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
The regenerative turbine pump market has been adversely affected by the COVID- 19 pandemic, as widespread temporary lockdowns have resulted in the shutdown of manufacturing projects and industrial activities, directly impacting the market share. Additionally, the reduced workforce availability and lower installations of these pumps in the industrial & utility sectors have further contributed to the decline in demand for regenerative turbine pumps. The economic uncertainty and financial constraints faced by businesses have led to a decrease in investments, affecting the overall product demand.
Growing preference for compact and space-saving designs coupled with focus on product customization will encourage unit deployment. Rising demand for retrofit and replacement solutions driven by technological advancements including IoT (internet of things) and remote monitoring systems are gaining traction which will further accelerate product adoption. Increasing consumer inclination toward sustainability along with rising investments toward the development of chemical plants will propel the business outlook.
To get more details on this report: Request Free Sample PDF
The 10 GPM - 30 GPM rated regenerative turbine pump market size is set to record 7.2% CAGR through 2032. Expansion in the semiconductor industry coupled with rising demand for precise fluid circulation systems will fuel the product penetration. Integration with advanced automation and control systems allows for remote monitoring, diagnostics, and improved operational efficiency, which in turn will institute a favorable business scenario.
To get more details on this report: Request Free Sample PDF
The single stage regenerative turbine pump market accounted for 80% revenue share in 2022, due to growing application in industrial heating systems with ability to handle high temperatures and deliver precise water flow at elevated pressures. Expansion of the oil & gas industry coupled with rise in demand for high-efficiency motors will complement the business trend. Increasing applicability across high-rise buildings and skyscrapers with adoption of smart pumping solutions for water supply & pressure boosting systems will positively influence the industry dynamics.
The self-priming regenerative turbine pump market is predicted to surpass USD 120 million by 2032. Growing agricultural sector with focus on ease of installation and operation will continue to entail the unit deployment. Rising adoption in remote and off-grid locations integrated with wireless monitoring and control will favor the industry scenario. Expansion in the mining dewatering applications with integration of advanced control systems will foster the business landscape.
The building & construction regenerative turbine pump market will witness remarkable growth till 2032, owing to increasing investments across construction sector in line with wide scale adoption in water circulation and filtration systems. Adoption in geothermal heating and cooling systems with rising investments in renewable energy projects will play a vital role in stimulating the product adoption.
The Asia Pacific regenerative turbine pump market size dominated around USD 99.8 million in 2022. Increasing infrastructural development coupled with focus on local manufacturing and production cater to the growing demand of these units. Wide scale deployment across marine applications along with increasing demand for aquaculture industry will foster the business scenario. Increasing investments in water infrastructure coupled with extensive investments across rural water supply projects will encourage the product deployment.
The major players operating in the regenerative turbine pump market includes TEIKOKU ELECTRIC MFG. CO., MTH Pumps, Pentair, SPECK Pumpen Verkaufsgesellschaft GmbH, PSG, Roth Pump Co., Xylem, Corken - Advanced Flow Solutions, Nikuni Corpration, Magnatex Pumps, ITT INC., Sterling Pumps, Crane Pumps & Systems, Iwaki America and Viking Pump.
Click here to Buy Section of this Report
Market, By Product
Market, By Priming
Market, By Capacity
Market, By Application
The above information has been provided for the following regions and country: