Home > Pressrelease > Regenerative Turbine Pump Market size to exceed $290mn by 2027
Regenerative Turbine Pump Market size to exceed $290mn by 2027
- Published Date: January 6, 2021
Regenerative Turbine Pump Market size is expected to surpass USD 290 million by 2027, as reported in the latest study by Global Market Insights Inc.
Regenerative turbine pump industry has witnessed a significant turnaround in the past decade primarily on account of growing investment across the building & construction sector. These pumps are used across a wide range of applications, which include small boiler feed pump and car wash installations, amongst others, which complements their deployment in the forecast period.
However, ongoing COVID-19 pandemic has negatively impacted the global economy by easing several operations of manufacturing and infrastructure developmental activities. The global pandemic has also impacted the international trading activities owing to which deployment of these pumps have been affected significantly. Although, upliftment of lockdown protocols across various countries, is anticipated to create new market opportunities in 2021 which will ultimately raise the demand for regenerative turbine pumps.
Lower maintenance cost coupled with wide range of applications will boost the single stage regenerative turbine pump market outlook
Single stage regenerative turbine pumps are anticipated to witness a significant growth in the forecast period on account of its compact and simple design coupled with its application across several industries including waste management, agriculture, chemical amongst others. Lower maintenance charge than multistage pumps on account of one impeller will propel the market growth of the technology. Moreover, Compact design, lower flow interruption, high capacity for gas handling without any interruption to flow, and effective working temperature & pressure range are few of the key features that will further augment the demand for regenerative turbine pumps in the forecast period.
Growing concerns toward wastewater treatment will stimulate growth in market demand for non self-priming pumps
Growing investment toward the development of industrial infrastructure has raised the requirement for efficient wastewater treatment technologies, which in turn is boosting the deployment of non-self-priming pumps. Non self-priming pumps offer a higher efficiency than the other alternatives, which will complement the market statistics of the pumps, thus expanding the industry share of the non self-priming pumps in the regenerative turbine pump market. However, non self-priming pumps are anticipated to witness a restrained growth in the forecast period on account of higher operational cost owing to requirement of an external priming source.
Browse key industry insights spread across 350 pages with 636 market data tables & 28 figures & charts from the report, “Regenerative Turbine Pump Market Statistics By Product (Single-stage, Multi-stage), By Priming (Self-priming, Non self-priming), By Capacity (<10 GPM, 10 GPM-30 GPM, 30 GPM-60 GPM, >60 GPM), By Application (Agriculture, Chemical plants, Building & construction, Water & wastewater, Industrial, Oil & Gas, Others) Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027 ”in detail along with the table of contents:
Governmental regulations pertaining to effective industrial water treatment will boost 10 – 30 GPM regenerative turbine pump deployment
10 -30 GPM regenerative turbine pumps are used across a wide range of applications for industries including drinking water treatment plants, biofuel plants amongst other industries, which will propel its demand in regenerative turbine pump market between 2021 and 2027. Rising industrialization across developing nations have developed a concern for effective handling and treatment of industrial wastewater. These pumps have high efficiency and large delivery head capabilities, favoring its deployment across the wastewater treatment business. Growing investments across the building & construction segment will boost the regenerative turbine pump adoption owing to its ability to efficiently dewater the construction site without any damage to the system.
Influx of FDI in developing nations toward development of building & construction segment will stimulate the market statistics
The construction sector has witnessed a notable growth in the last few years on account of growing disposable income of the population coupled with increasing investment towards residential, commercial and industrial infrastructure. These units remove the excess water from the construction site to promote a smoother operational flow. Moreover, these pumps have significant ability to deliver large delivery heads with a compact structure which in turn positively complements its deployment across the building & construction business.
Growing agricultural industry across developing nations will proliferate the regenerative turbine pump market outlook from Asia Pacific region
The developing nations across the Asia Pacific region are readily investing in the development of residential buildings on account of soaring population, boosting the building & construction business across the region, which in turn will fuel the product’s market penetration. These units are used for clearing the drain water across construction sites, which in turn makes these units preferable over its alternatives for construction applications. Furthermore, high applicability of these pumps across the agriculture industry on account of efficient fertilizer handling and providing continuous water flow for irrigation will propel its market demand across the Asia Pacific region.
Key players operational in the regenerative turbine pump market include Speck, Burks Pumps, MTH Pumps, PSG, Pentair, Roth Pump, Xylem, Nikuni amongst others. These market players are investing in R&D activities along with strategic collaborations with other manufacturers to expand their market share and offer innovative solutions to the end users.