Regenerative Turbine Pump Market - Global Industry Report, 2031

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Posted 2021-10-27 10:56:41

Regenerative Turbine Pump Market: Introduction

Regenerative turbine pump is a special type of centrifugal pump that uses impellers with radially oriented teeth to move fluid. It is also referred to as vortex or periphery pumps.
Akin to most of the centrifugal pumps, the flow rate of the regenerative turbine pump does not vary with large changes in pressure. Regenerative turbine pump is preferred in applications where low flow, high head, and compact design are needed (for instance, deep wells).

Key Drivers and Restraints of Regenerative Turbine Pump Market

Regenerative turbine pump is used for high delivery heads with small volume flows. It is used in boiler feed pump, car wash installation, and various other similar applications. Thus, wide range of applications of regenerative pumps is boosting the global regenerative turbine pump market.
Demand for regenerative turbine pump is rising to enhance the efficiency of oil and gas operations. Increase in oil prices is expected to result in a rise in investment in the oil & gas sector. In turn, this is anticipated to boost the demand for regenerative turbine pump owing to its ability to handle vapors released during the pumping of industrial fluids. This rise in demand positively impacts the regenerative turbine market.
Governments of various countries have implemented strict rules and regulations for the treatment of industrial wastewater. Wastewater requires pumping of hazardous liquids. Regenerative pump of lower capacity (<10GPM) is capable of handling various industrial fluids with low heads economically. This is augmenting the need for regenerative turbine pumps across the globe.
Regenerative turbine pumps require tight internal clearances and priming in order to increase their effectiveness. Furthermore, they cannot handle solid contaminants. These factors are restraining the global market significantly.

COVID-19 Impact Analysis

Since the beginning of 2020, global economy has been experiencing downturn due to the COVID-19 pandemic. The pandemic has led to temporary lockdowns, which has resulted in shutdown in various industries and projects (including manufacturing projects). Decrease in industrial activities due to the pandemic has been adversely impacting the global regenerative turbine market.
Many industrial projects have resumed since the start of 2021 due to the easing of lockdown restrictions. This is likely to steer the global regenerative turbine pump market forward in the near future.

Multi-Stage Regenerative Turbine Pump Type Segment to Hold Major Share of Global Market

The global regenerative turbine pump market can be segmented based on type, application, priming and region
Based on type, the global regenerative turbine pump market can be segregated into single-stage regenerative turbine pump and multi-stage regenerative turbine pump. Demand for multi-stage regenerative turbine pump is expected to be high in the near due to its ability of generating higher pressure. However, it comprises larger numbers of moving parts. This increases the maintenance cost.

North America to Constitute Significant Share of Global Regenerative Turbine Pump Market

In terms of region, the regenerative turbine pump market can be divided into Latin America, Asia Pacific, Europe, North America, and Middle East & Africa
North America holds the major share of the global regenerative turbine pump market, led by the increase in investment in chemical plants and industries in the region. Additionally, growth in disposable income of the people is driving the food & beverages sector. This is estimated to augment the regenerative turbine pump market in the region.
Rise in investments in various sectors such as chemical, food & beverages, and wastewater treatment plant in Asia Pacific is expected to boost the need for regenerative turbine pumps in the region. This is projected to fuel the regenerative turbine pump market in Asia Pacific during the forecast period.
Growth in infrastructure development and expansion of the construction industry in most of the countries in Asia Pacific are propelling the demand for regenerative turbine pumps. This is boosting the regenerative turbine pump market in the region.

Key Players Operating in Global Market

Leading companies operating in the global regenerative turbine pump market include:

Regenerative Turbine Pump Market, by Type

Regenerative Turbine Pump Market, by Application

Regenerative Turbine Pump Market, by Priming