Vertical turbine pumps are centrifugal pumps that use a vertical shaft and multiple impellers to move water from a lower elevation to a higher elevation. These pumps are often used in the water and wastewater industry, and can be found in both submersible and surface-mounted configurations.
Vertical turbine pumps are simple and reliable, making them an ideal choice for many applications. These pumps can handle a wide range of flow rates, and can be used to pump water from deep wells, rivers, lakes, and other sources. They are also used in the irrigation and agricultural industry for pumping water from underground sources, such as wells and aquifers.
The global market for vertical turbine pumps is expected to grow significantly in the coming years, driven by increasing demand from the water and wastewater industry, as well as the agricultural sector. In addition, the growing need for efficient and reliable water management systems is expected to drive the market growth. The rising focus on water conservation and management is also expected to drive the demand for vertical turbine pumps.
The global Vertical Turbine Pumps market was valued at US$ 303 million in 2022 and is anticipated to reach US$ 442.7 million by 2029, witnessing a CAGR of 5.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Vertical Turbine Pumps Market available at: https://www.themarketreports.com/report/global-vertical-turbine-pumps-market-research-report
This report aims to provide a comprehensive presentation of the global market for Vertical Turbine Pumps, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vertical Turbine Pumps.
Global Vertical Turbine Pumps key players include Grundfos, Flowserve, Gorman Rupp (National Pump), etc. Global top 3 manufacturers hold a share over 35%. North America is the largest market, with a share over 35%, followed by Europe, and Asia-Pacific, which have a share over 45 percent altogether. In terms of product, Ductile Iron Pump is the largest segment, with a share over 65%. And in terms of application, the largest application is Municipal, followed by Agriculture, Firefighting, Industrial, etc.
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