AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Turbine Pumps market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Turbine Pumps market to grow at a CAGR of %.
The Pump Material, such as Ductile Iron Pump, is boosting the Turbine Pumps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Turbine Pumps market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Requirement from the Firefighting, Agriculture and Other Sector, Rapidly Growing Exploration Activities in Industries and An Emergence of New Problem-Solving Methods for Turbine Pumps.
Turbine pumps are referred to as the special types of centrifugal pumps which uses turbine-like impellers with radially oriented teeth to move fluid. They are even called a vortex, regenerative pumps or periphery. These pumps combine the pressure which is of high discharge of multi-stage centrifugal pumps or positive displacement with the flexible operation of the centrifugal pumps. Addition to this, the flow rate of turbine pumps is not variable extremely with large changes in pressure like in most of the centrifugal pumps. They are preferred in applications where the low flow, high head, and compact design are desired, such as in deep-well pumping.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Turbine Pumps market by Type (Vertical turbine pumps and Submersible turbine pumps), by Application (Municipal, Firefighting, Agriculture, Industrial and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market