PUBLISHER: Global Insight Services | PRODUCT CODE: 1916357
PUBLISHER: Global Insight Services | PRODUCT CODE: 1916357
Vertical Turbine Pumps Market is anticipated to expand from $23.6 billion in 2025 to $37.8 billion by 2035, growing at a CAGR of approximately 4.9%. Analysis of Key Company Product Pricing:
In the pricing analysis of the vertical turbine pump market, key players such as Grundfos, Flowserve, ITT, KSB, Sulzer, Ebara, Schlumberger, CNP, Pentair, Shanghai Kaiquan, Dongyin Pump, Leo, Tsurumi Pump, Kirloskar Brothers, WILO, DAB, Nanjing Beite, Shanghai East Pump, Liancheng Group, and Hunan Changbeng are pivotal. Each player's market positioning, product quality, technological advancements, and service offerings significantly influence pricing dynamics. Their competitive strategies, including pricing structures, promotions, and distribution channels, shape market trends and customer preferences.
| Market Segmentation | |
|---|---|
| Type | Open Line Shaft , Enclosed Line Shaft, Closed Couple, Submersible, Deep Well |
| Application | Agriculture, Municipal Water Supply, Industrial Water Supply, Fire Protection, Irrigation, Mining, Oil & Gas, Chemical Processing, Power Generation, Wastewater Treatment |
| Material | Cast Iron, Stainless Steel, Bronze |
| Fire Protection | Firefighting Water Supply, Sprinkler Systems, Standpipe Systems, Fire Hydrant Systems, Foam Systems, Deluge Systems |
| Capacity | Low Capacity, Medium Capacity, High Capacity |
| Stage | Single-Stage, Multi-Stage |
| Speed | Low-Speed, Medium-Speed, High-Speed |
| Power Source | Electric, Diesel |
Product Name: Goulds Pumps Turbine Pump VIT Discharge Head VIT-CFFM 800 GPM @ 200 TDH 11CHC (GA0598-2)
Price: USD 6,370
Product Name: GOULDS 2-STAGE VERTICAL TURBINE PUMP - MODEL 16DHLC (Parts)
Price: USD 1,000
Product Name: Unused Goulds e-SV Multi-stage Stainless Steel Vertical Pump - 5SV9FB30
Price: USD 1,999.20
Product Name: Large Vertical Turbine Pump - BHR/BHQ/BHM/BHK/BHMa/BHA
Price: USD 5994.99
Segment Overview
Based on type, the vertical turbine pumps market is segmented as open line shaft, enclosed line shaft, closed couple, submersible, and deep well. The open life shaft will account highest revenue and segment share during the forecast period The open line shaft will account 37.2% in 2024 for vertical turbine pumps market. Vertical turbine pumps, including open line shaft designs, are widely used in various applications, from industrial plants to irrigation and municipal pumping systems. The growth factors for these pumps are largely driven by their versatility and adaptability to different conditions. Open line shaft vertical turbine pumps are engineered to meet a variety of applications. They are available in sizes ranging from 4" to 28" with flows from 50 to 18,000 GPM2. The pump bearings may be lubricated by the water being pumped or by an external water source, oil, or grease. In North America, most vertical turbines only have sleeve bearings which are not designed to carry any thrust or weight. Franklin Electric US & Canada Water Systems discussed the merits of installing either a vertical line shaft turbine or a submersible turbine pump. They highlighted factors such as the capability to replace your motor down the road, price, quiet operation, flow rate, ease of installation, and required maintenance. Such aforementioned factors are responsible for recording highest revenue for the open line shaft dominating the market growth during the forecast period
Based on material, the market is segmented as cast iron, stainless steel, and bronze. The stainless-steel segment will account highest CAGR for the segment growth during the forecast period The reason for the growth of the stainless-steel material segment is the increasing demand for pumps in applications where corrosion resistance is necessary. Stainless steel vertical turbine pumps are highly resistant to corrosion, rust, and chemical attack, making them suitable for handling corrosive fluids, abrasive materials, and aggressive environments. Industries such as chemical processing, oil and gas, wastewater treatment, and marine applications rely on stainless steel pumps to ensure reliable and efficient operation in challenging conditions, where traditional materials may degrade or fail ahead of time. Additionally, the versatility and adaptability of stainless steel make it suitable for a wide range of pump configurations, sizes, and designs to meet diverse application requirements. Stainless steel vertical turbine pumps are available in various grades, such as 304, 316, and duplex stainless steels, each offering specific properties and performance characteristics customized to different operating environments and fluids.
Geographical Overview
The Asia Pacific region is expected to lead the vertical turbine pumps market from 2024 to 2034, driven by certifications, innovations, and new product launches. Increased credibility from standards like ISO 19443, achieved by Hyosung Goodsprings in December 2023, enhances trust in pump quality, especially for nuclear applications. Additionally, manufacturers like Grundfos are introducing advanced NK and NKE pump ranges in Indonesia, featuring energy efficiency, smart technology, and connectivity for sustainable urban infrastructure. These developments, combined with growing demand for intelligent and reliable pumping solutions, are projected to significantly boost the market revenue and regional dominance during the forecast period.
North America will hold the second-largest share of the vertical turbine pumps market from 2024 to 2034, driven by growth in water and wastewater treatment, urbanization, and infrastructure investments, such as the EPA's $744 billion water infrastructure plan. Europe's market is fueled by wind power projects and energy efficiency regulations, with high-efficiency pumps supporting renewable energy and reducing emissions. Latin America sees growth through agricultural expansion and irrigation investments, like Brazil's $46 billion irrigation initiative. Meanwhile, the Middle East & Africa's market is boosted by infrastructure development, water desalination, and the oil & gas sector, increasing demand for vertical turbine pumps in water management and energy applications.
Key Trends and Drivers
Increasing Technological Advancements and Digitalization in Pump Design and Monitoring -
The key trend in the global vertical turbine pumps market is the rapid pace at which the technological advancements and digitalization in pump design, manufacturing, and monitoring systems are growing. As digital technologies such as Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) become increasingly integrated into industrial processes, vertical turbine pump manufacturers are leveraging these innovations to enhance pump performance, optimize energy efficiency, and improve maintenance practices. For instance, according to a survey conducted by McKinsey & Company found that 62% of manufacturing companies have implemented predictive maintenance technologies to some extent, with 29% reporting significant benefits from improved equipment reliability and reduced maintenance costs. Predictive maintenance techniques, supported by IoT sensors and data analytics, allow manufacturers to anticipate equipment failures and schedule maintenance proactively, minimizing unplanned downtime.
Increasing Adoption of Vertical Turbine Pumps in Renewable Energy Applications -
The factor which is currently trending in the global vertical turbine pumps market is the increasing adoption of these pumps in renewable energy applications, particularly for hydropower generation and geothermal energy extraction. Vertical turbine pumps offer different advantages for renewable energy projects, including their ability to efficiently lift water from reservoirs or wells to higher elevations, where it can be used to generate electricity through hydropower turbines or to extract geothermal heat from underground reservoirs. For instance, according to the International Hydropower Association (IHA), global hydropower capacity reached 1,330 gigawatts (GW) in 2020, with an additional 40 GW of capacity added during the year. Hydropower remains the largest source of renewable energy globally, accounting for around 16% of total electricity generation. Vertical turbine pumps play a crucial role in hydropower applications by providing reliable and efficient water transport solutions for reservoirs, dams, and irrigation systems. As countries around the world seek to shift to low-carbon energy systems and reduce greenhouse gas emissions, the demand for renewable energy solutions such as hydropower is expected to continue growing. Vertical turbine pump manufacturers have the opportunity to capitalize on this trend by developing specialized pump designs optimized for renewable energy applications, increasing efficiency, reliability, and performance in hydropower and geothermal projects. Therefore, for renewable energy applications is one of the most influential factors responsible for the market growth of vertical turbine pumps during the forecast period
Research Scope