Home > Energy, Mining, Oil & Gas > Regenerative Turbine Pump Market
Industry Trends
Regenerative Turbine Pump Market size was valued at over USD 170 million in 2020 and is anticipated to witness a growth of over 5% by 2027. Ongoing research & development activities to provide energy efficient solutions for various applications across different industries will positively complement the development of regenerative turbine pump industry in the forecast period
The regenerative turbine pump market share is projected to grow accounting to its wide range of applications in small boiler feed pump, car wash installations amongst others. Enhanced capacity in handling non-abrasive, polluted and pure liquids coupled with the ability to produce high delivery heads through a compact structure will augment the business outlook over the forecast timeline. Efficient design, lower flow interruption, and high capacity for gas handling are the key imperative features which will further complement the demand of regenerative turbine pumps.
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However, since the beginning of 2020, global economy is observing significant downturn with outbreak of novel coronavirus. The pandemic has led to large scale temporary lockdown which has resulted in shutdown of various manufacturing projects and industrial activities, which has directly impacted the regenerative turbine pump market share. Furthermore, the lack of work force coupled with lower installation of regenerative turbine pumps across industrial and utility sector is negatively affecting the demand for regenerative turbine pump. Although, despite of the global economic slowdown, the market is projected to recover during the starting of 2021, as the temporary shutdown of the projects resumes after the lockdown is lifted.
| Report Coverage | Details |
|---|---|
| Base Year: | 2020 |
| Market Size in 2020: | 170 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 5.80% |
| 2027 Value Projection: | 290 Million (USD) |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 664 |
| Segments covered: | Product, Priming, Capacity, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The regenerative turbine pump market study includes analysis of industry trends on the basis product, priming, capacity and application across the globe. In addition, the market forecasts & estimates are completely in line with the data implied by government departments including the Energy Information Administration (EIA), company annual reports and government regulatory bodies.
Favorable government policies in oil & gas industry toward enhancing the efficiency will fuel the deployment of single stage regenerative turbine pumps
The single stage regenerative turbine pumps are set to witness a growth of over 5.7% by 2027. These pumps deliver the fluids with lesser to no pressure pulsation at the outlet which is set to proliferate the deployment of this technology. Compact size, simple design and less maintenance cost are the key paramount features which will augment the single stage product growth. Furthermore, wide adoption across various industries including oil & energy, waste management, agriculture, chemical industries amongst many others will further propel the regenerative turbine pump market share over the forecast period.
Growing necessity to install blowup systems above the fluid will significantly proliferate the market growth of self-priming regenerative turbine pumps
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Self-priming regenerative turbine pumps will witness substantial growth on account of their wide adoption in nonabrasive polluted water handling facilities. Self-priming pumps are often identified as trash pumps which are utilized across the mining and the construction industry to dewater their sites. Rapidly growing investment across the infrastructural development will boost the regenerative turbine pump market statistics for the construction business, which in turn will stimulate the market growth for self-priming regenerative turbine pumps over the forecast timeline.
Wide demand across agriculture, chemical and wastewater industries will enhance the market statistics <10 GPM regenerative turbine pumps
<10 GPM turbine pumps are set to witness considerable growth on account of their ability to pump at low head and high pressure economically. Safe in operation, low maintenance and less leakage are the key imperative features which will complement the market size of these pumps. Furthermore, ability to achieve similar pressure performance as of a multistage pump with utilizing only one propeller makes them preferable, thus will enhance the regenerative turbine pump market sales of these pumps during the forecast period.
Exponential growth in agricultural sector to expedite the demand for turbine pumps
Agriculture sector in 2020, accounted for over 18% of the market share across the global regenerative turbine pump business. Growing population across developing countries coupled with rising demand for clean food will create a positive business scenario for pump manufacturers. In addition, soaring requirement of an improved and efficient irrigation system will further augment the demand for technological advanced pumping system, thus boosting the market statistics for the product in the forecast timeline.
Soaring demand for chemicals & chemical products to augment market growth from North America
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North America accounted for over 20% of the total market share in 2020. The regional regenerative turbine pump market is anticipated to observe significant growth accounting to rising investments in chemical plants & industries. According to the United Nations Industrial Development Organization (UNIDO), chemicals and chemical products constituted for 16% of the total manufacturing activities across the U.S. in 2019. The product is further preferred across the chemical sector due to its ability to capture the vapours generated during the processing of chemicals, which in turn proliferates the statistics for these pumps. The region has witnessed a significant growth in the food & beverage sector on account of the increasing disposable income of the population. This will positively impact the penetration in the North America, thus complimenting the regenerative turbine pump market trends during the forecast period.
Technological advancement in products acting as the key point for vital players
The prominent players in the regenerative turbine pump industry are keenly focusing on developing innovative pumps with upgraded features to propel their market share across regenerative turbine pump industry. In addition, collaborations and partnerships are the key strategies implemented by the top market players to gain a competitive edge in the market.
The major players profiled in the global regenerative turbine pump market report includes MTH Pumps, PSG, Roth Pump Co., Corken, Inc., Pentair, WARRENDER, LTD., Magnatex Pumps, Inc., DLT Electric, LLC amongst others.
Regenerative turbine pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units’ & ‘USD” from 2016 to 2027, for the following segments:
By Product
- Single-Stage
- Multi-Stage
By Priming
- Self-Priming
- Non-self-priming
By Capacity
- <10 GPM
- 10 – 30 GPM
- 30 – 60 GPM
- > 60 GPM
By Application
- Agriculture
- Chemical Plants
- Building & Construction
- Water & Wastewater
- Industrial
- Oil & Gas
- Others
The above information has been provided for the following countries:
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Austria
- France
- Germany
- UK
- Italy
- Spain
- Norway
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Middle East & Africa
- Saudi Arabia
- UAE
- Oman
- South Africa
- Latin America
- Brazil
- Argentina
- Peru
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