Global Regenerative Turbine Pump Market

Regenerative Turbine Pump Market Size, Share, Growth Analysis, By Product(Single-Stage, Multi-Stage), By Application(Boosting, Boiler Feed, Refrigeration, Chemical Processing and Power Generation), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20E2057 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Regenerative Turbine Pump Market Regional Insights

The global regenerative turbine pump market’s leading region is North America. Its thriving commercial infrastructure and well-established industrial fields have resulted in the region’s market supremacy. The US has contributed greatly to the region’s current market position. The country’s increasing industrial activities have fueled the demand for efficient fluid handling, like that provided by regenerative turbine pumps. The commercial and industrial settings have boosted the adoption of this market’s product. The applications where it is extensively used include heating systems and water boosting.

Coming at a close second place, the APAC region also holds a considerable share of the market. Asia-Pacific’s flourishing industrial and manufacturing sectors can be credited for its market position. China is one the largest markets for regenerative turbine pumps in the world, contributing heavily to the APAC region’s substantial growth. China’s demand for efficient fluid-handling solutions stems from the growing rate of shifts to urban areas and growing industrial sectors. These systems are especially crucial in applications like chemical processing, boiler feed systems, and water supply.

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Regenerative Turbine Pump Market size was valued at USD 222.60 Million in 2022 and is poised to grow from USD 238.40 Million in 2023 to USD 412.69 Million by 2031, at a CAGR of 7.1% during the forecast period (2024-2031).

The regenerative turbine pump market’s competitive environment is what defines it. This ecosystem of intense rivalry includes local producers, inudtsry leaders, and new innovative startups. All participants in the maket strive to gain a share in this vital niche category of the fluid handling industry. 'Xylem Inc.', 'Sulzer Ltd.', 'KSB SE & Co. KGaA', 'Grundfos Holding A/S', 'ITT Inc.', 'Flowserve Corporation', 'Ebara Corporation', 'Nikkiso Co., Ltd.', 'Kirloskar Brothers Limited', 'Teikoku Electric Mfg. Co., Ltd.', 'Hayward Industries, Inc', 'ProMinent GmbH', 'Tsurumi Manufacturing Co., Ltd.', 'Zenit Group', 'Gardner Denver Holdings, Inc.', 'Comet Spa', 'Roper Technologies, Inc.', 'KISTLER Group', 'Speck Pumpen Walter Speck GmbH & Co. KG', 'Regal Beloit Corporation'

Regenerative turbine pumps are an expert in customizing precise pressure control. This has driven their adoption in applications like boiler feed systems. That is because they need to steady pressure levels at an optimal stage to ensure safety and efficiency.

Energy Efficiency Emphasis: One of the key market trends that impacted the industry was the growing focus on energy efficiency. Regenerative turbine pumps are widely adopted in applications where energy consumption rate needs to be on the lower side. Their suitability to these tasks is due to its increasingly efficient nature. The impact of this trend was deeper in industries who wanted to comply with sustainability goals while lowering operational costs.

The regenerative turbine pump market’s leading region is North America. Its thriving commercial infrastructure and well-established industrial fields have resulted in the region’s market supremacy. The US has contributed greatly to the region’s current market position. The country’s increasing industrial activities have fueled the demand for efficient fluid handling, like that provided by regenerative turbine pumps. The commercial and industrial settings have boosted the adoption of this market’s product. The applications where it is extensively used include heating systems and water boosting.

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Global Regenerative Turbine Pump Market

Report ID: SQMIG20E2057

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