Regenerative turbine pumps are one of the types of centrifugal pumps that are been used to pump pure liquid. They are widely used where pumps with small dimensions and small volume flow with great delivery heads are necessary. Without interruption of the liquid stream, large gas proportions are been handled by the regenerative turbine pump. The regenerative pumps are well suited for non-abrasive, pure, or polluted pumped liquids.
Global Regenerative Turbine Pump Market: Growth Factors
Factors such as the growing industrial sector, heavy investments in wastewater treatments, and growing demand for regenerative pumps for car wash installations & boiler feed pumps are spurring the growth of the global regenerative turbine pump market. Regenerative turbine pumps have a broad spectrum of applications. They are used to elevate the pressure in water networks, drinking water treatment, and recirculation & cooling in the mechanical engineering or chemical industry. In addition to this, they are also used in bioreactors, biofuel plans, enrichment & mixture of liquids with gases, neutralization, dissolved air floatation DAF, crude oil-water separation on oil fields & oil rigs, and other general process technologies. Owing to all their applications they are widely used in the field of agriculture, oil & gas, chemical plants, and several other industries. Thus, the growing demand from the end-users is boosting the growth of the global market. Moreover, the rise in infrastructure development in the construction industry, emerging market players, and growing demand for self-priming regenerative turbine pumps are also contributing to the growth of the market. Furthermore, technological advancements to develop regenerative turbine pump with advanced features will propel the growth of the global regenerative turbine pump market during the forecast period. However, the easy availability of alternatives to regenerative turbine pumps may hamper the growth of the global regenerative turbine pump market.
The global regenerative turbine pump market is hugely affected by the outbreak of the Covid-19. The major end-users of the regenerative turbine pump including agriculture, oil & gas, wastewater, and agriculture are severely hit by the pandemic due to the strict regulation of complete lockdown and restriction on movement imposed by the government of most of the countries. They had to halt all their operations during the first and second quarters of the year 2020. In the second half of the year, due to social distancing and limitation on personnel movement, the industrial sector hardly succeeded to generate enough revenue as expected. Thus, the demand for the regenerative turbine pump lowered which directly impacted the growth of the global market.
Global Regenerative Turbine Pump Market: Segmentation
The global regenerative turbine pump market is segregated into capacity, priming, product, application, and region. Based on the capacity, the global regenerative turbine pump market less than 10GPM, 10GPM-30GPM, 30GPM-60GPM, and above 60 GPM. Based on the priming, the global market is split into non-self-priming and self-priming. The product segment is divided into multi-stage and single-stage. Based on the application, the market is bifurcated into chemical plants, agriculture, water & wastewater, building & construction, oil & gas, industrial, and others.
Global Regenerative Turbine Pump Market: Regional Analysis
Geographically, North America is predicted to hold the largest share in the global regenerative turbine pump market. It is expected to maintain its dominance during the forecast period. Factors such as growing demand from the chemical sector, presence of advanced technologies, growing food & beverages industry, and huge investments made by the key players for the development of novel regenerative turbine pumps are leading to the growth of the market in this region. Europe holds the second position and is estimated to account for a significant share of the market. This is attributed to rise in demand for regenerative turbine pump for boiler feed pumps and agriculture. Asia Pacific is estimated to be the fastest-growing region. The rise in adoption of regenerative turbine pumps in the agriculture sector, growing need for wastewater treatment, and rise in the commercial & residential sector are driving the growth of the market in this region.