Global Vertical Turbine Pumps Market Size is Expected to Grow to $423.34 Million by 2028

Global Vertical Turbine Pumps Market Overview

According to Global Market Monitor, the global vertical turbine pumps market size is expected to grow to $423.34 million by 2028 with a CAGR of 3.94% from 2023-2028.

Vertical Turbine Pumps Introduction

A vertical turbine pump is a kind of centrifugal pump, aimed to convey fluid from a usually deep underground reservoir. The pump is electrified by the electric motor connected via a vertical shaft to impellers at the bottom of the pump. These pumps are primarily manufactured of stainless steel or ductile iron.

Vertical turbine pumps have several advantages such as ease of operation & mount ability, and steady delivery. The increasing investment in building efficient water infrastructure facilities across developing nations is anticipated to have a positive impact on the market. Moreover, increasing urbanization and a high focus on wastewater management and water conservation are projected to augment the demand for vertical turbine pumps in the future. Considering these factors, the global vertical turbine pump market is estimated to witness bolstering growth in the forecast period.

Wide Range of Applications

The vertical turbine pump is mainly utilized in the agriculture sector, wastewater treatment, the municipal sector, the firefighting sector, and industries, including oil & gas, petroleum, power generation, chemical, and others. In industrial applications, these pumps are explicitly utilized to pump the water with rotating impellers' support.Turbines are one of the most popular pump types for designers, end users, installation contractors, and distributors. Extensive downstream applications ensure the market demand for vertical turbines and provide opportunities for players in the industry.A sound industrial chain of the vertical turbine pump industry closely links the technical and economic of various industrial sectors. The complete industrial chain and scale of production have saved costs and increased profitability for the production of enterprises to promote the development of the industry. By application, the municipal segment occupied the biggest market share in 2022.

By type	Ductile Iron Pump
	Stainless Steel Pump
	Others
	Ductile iron pumps contributed the largest market share in 2022.
By application	Municipal
	Firefighting
	Agriculture
	Industrial
	Others
	The municipal segment occupied the biggest share in 2022.