Market Overview:
The global turbine pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for turbine pumps from municipal, firefighting, agricultural, and industrial applications. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The ductile iron pump segment is expected to dominate the global turbine pumps market during the forecast period owing to its high durability and resistance against corrosion. The stainless steel pump segment is projected to grow at a higher CAGR than other segments during the forecast period due its properties such as resistance against corrosion and abrasion.
Product Definition:
Turbine pumps are a type of centrifugal pump. They consist of a rotating impeller that is enclosed in a casing. The fluid to be pumped enters the center of the impeller and is then forced out through the discharge port. Turbine pumps offer many advantages over other types of centrifugal pumps, including high efficiency, low noise levels, and long operating life.
Ductile Iron Pump:
Ductile Iron Pump (DIP) is a type of centrifugal pump, which is made up of cast iron and steel. The main difference between the two components comprises the method by which they are cast. While, steel is cold-rolled, the iron in DIP process comes from a hot rolling mill where it has been heated to its melting point.
The advantages associated with DIP include high flow rate at low pressure.
Stainless Steel Pump:
Stainless steel pump is a kind of high-performance pump which uses the concept of fluid dynamic to transmit mechanical energy. It is mainly used in industrial and power generation applications. The product has gained significant popularity owing to its ability to operate at higher viscosity fluids with less power, making it suitable for heavy as well as medium flow applications in industries such as chemical, food & beverage and mining.
Application Insights:
Municipal application was the dominant segment in 2017 and accounted for a market share of over 60%. The growth can be attributed to increasing urbanization, which has resulted in an increased demand for energy. Turbine pumps are used across municipal water supply, sewage treatment plants, drainage systems and other utility applications.
The firefighting segment is expected to register the fastest CAGR from 2018 to 2030 owing to growing concerns regarding emergencies such as forest fires, house burns down due to electrical short circuit accidents or grease fire during cooking that may lead towards property loss or injury. In addition, turbine pumps are used across airports and seaports among others where there is a risk of drowning due to potential oil spillage into water bodies. Growing industrial sector coupled with population growth will drive the agriculture application segment over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in demand for industrial turbines pumps owing to rapid growth of industries, such as chemical, petrochemical, power generation and others. In addition, increasing need for water supply & sanitation facilities due to growing population is anticipated to propel the market growth over the forecast period.
Europe accounted for more than 20% of total revenue share in 2017 on account of high adoption rate of advanced technologies coupled with stringent regulations regarding wastewater treatment processes leading to increased demand for efficient turbine pumps across municipal applications. Moreover, presence of key manufacturers including Sauer-Breyer; Messer Griesheim GmbH & Co.; Flensa AG; KHS GmbH & Co.; Rhein-Werk-Gesellschaft mbH; Fiammec Venezia S.p.A.
Growth Factors:
- Increasing demand from the power sector for efficient and reliable pumping solutions is expected to drive the growth of turbine pumps market over the forecast period.
- Rising investments in infrastructure development, especially in Asia Pacific and Latin America, is anticipated to boost the demand for turbine pumps over the next few years.
- Growing awareness about energy conservation measures is projected to fuel adoption of more efficient turbine pumps across various industries in coming years.
- Technological advancements such as introduction of variable frequency drives (VFDs) that offer better control over pump operations are likely to create new opportunities for turbine pump manufacturers and operators in near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbine Pumps Market Research Report
By Type
Ductile Iron Pump, Stainless Steel Pump, Other Pump
By Application
Municipal, Firefighting, Agriculture, Industrial, Others
By Companies
Gorman Rupp (National Pump), Pentair Aurora Pump, Simflo Pump, Process Systems, Xylem, Grundfos, Flowserve, Ruhrpumpen, Hydroflo Pumps, Sulzer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Turbine Pumps Market Report Segments:
The global Turbine Pumps market is segmented on the basis of:
Types
Ductile Iron Pump, Stainless Steel Pump, Other Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Municipal, Firefighting, Agriculture, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gorman Rupp (National Pump)
- Pentair Aurora Pump
- Simflo Pump
- Process Systems
- Xylem
- Grundfos
- Flowserve
- Ruhrpumpen
- Hydroflo Pumps
- Sulzer
Highlights of The Turbine Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ductile Iron Pump
- Stainless Steel Pump
- Other Pump
- By Application:
- Municipal
- Firefighting
- Agriculture
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Turbine Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A turbine pump is a device used to move fluid through a system. It consists of an impeller that rotates around a shaft, and a motor that powers the impeller. The pump can be used to move water, oil, or gas.
Some of the key players operating in the turbine pumps market are Gorman Rupp (National Pump), Pentair Aurora Pump, Simflo Pump, Process Systems, Xylem, Grundfos, Flowserve, Ruhrpumpen, Hydroflo Pumps, Sulzer.
The turbine pumps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Turbine Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Turbine Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Turbine Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Turbine Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Turbine Pumps Market Size & Forecast, 2018-2028
4.5.1 Turbine Pumps Market Size and Y-o-Y Growth
4.5.2 Turbine Pumps Market Absolute $ Opportunity
Chapter 5 Global Turbine Pumps Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Turbine Pumps Market Size Forecast by Type
5.2.1 Ductile Iron Pump
5.2.2 Stainless Steel Pump
5.2.3 Other Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Turbine Pumps Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Turbine Pumps Market Size Forecast by Applications
6.2.1 Municipal
6.2.2 Firefighting
6.2.3 Agriculture
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Turbine Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Turbine Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Turbine Pumps Analysis and Forecast
9.1 Introduction
9.2 North America Turbine Pumps Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Turbine Pumps Market Size Forecast by Type
9.6.1 Ductile Iron Pump
9.6.2 Stainless Steel Pump
9.6.3 Other Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Turbine Pumps Market Size Forecast by Applications
9.10.1 Municipal
9.10.2 Firefighting
9.10.3 Agriculture
9.10.4 Industrial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Turbine Pumps Analysis and Forecast
10.1 Introduction
10.2 Europe Turbine Pumps Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Turbine Pumps Market Size Forecast by Type
10.6.1 Ductile Iron Pump
10.6.2 Stainless Steel Pump
10.6.3 Other Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Turbine Pumps Market Size Forecast by Applications
10.10.1 Municipal
10.10.2 Firefighting
10.10.3 Agriculture
10.10.4 Industrial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Turbine Pumps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Turbine Pumps Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Turbine Pumps Market Size Forecast by Type
11.6.1 Ductile Iron Pump
11.6.2 Stainless Steel Pump
11.6.3 Other Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Turbine Pumps Market Size Forecast by Applications
11.10.1 Municipal
11.10.2 Firefighting
11.10.3 Agriculture
11.10.4 Industrial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Turbine Pumps Analysis and Forecast
12.1 Introduction
12.2 Latin America Turbine Pumps Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Turbine Pumps Market Size Forecast by Type
12.6.1 Ductile Iron Pump
12.6.2 Stainless Steel Pump
12.6.3 Other Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Turbine Pumps Market Size Forecast by Applications
12.10.1 Municipal
12.10.2 Firefighting
12.10.3 Agriculture
12.10.4 Industrial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Turbine Pumps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Turbine Pumps Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Turbine Pumps Market Size Forecast by Type
13.6.1 Ductile Iron Pump
13.6.2 Stainless Steel Pump
13.6.3 Other Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Turbine Pumps Market Size Forecast by Applications
13.10.1 Municipal
13.10.2 Firefighting
13.10.3 Agriculture
13.10.4 Industrial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Turbine Pumps Market: Competitive Dashboard
14.2 Global Turbine Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gorman Rupp (National Pump)
14.3.2 Pentair Aurora Pump
14.3.3 Simflo Pump
14.3.4 Process Systems
14.3.5 Xylem
14.3.6 Grundfos
14.3.7 Flowserve
14.3.8 Ruhrpumpen
14.3.9 Hydroflo Pumps
14.3.10 Sulzer
