The demand for vertical turbine pumps in North America was valued at US$ 483.2 million in 2022. Vertical turbine pump sales are expected to continue to rise at a 4.2% CAGR in North America over the forecast period. The total market value of vertical turbine pumps in North America is projected to expand from US$ 503.3 million in 2023 to US$ 754.4 million by 2033.
The vertical turbine pump industry in North America is expected to multiply by around 1.5 times by 2033. From 2018 to 2022, the North America vertical turbine pump industry experienced a 1.5% HCAGR. The adoption of vertical turbine pumps in North America is driven by the growing need for effective water management solutions in the municipal, industrial, and agricultural sectors.
Sales of vertical turbine pumps to increase in North America due to more infrastructure development, and an emphasis on sustainable water resource management techniques.
| Attributes | Details |
|---|---|
| Demand Analysis (2023) | US$ 503.3 million |
| Demand Forecast (2033) | US$ 754.4 million |
| CAGR Estimation (2023 to 2033) | 4.2% |
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Water and wastewater infrastructure projects significantly propel the demand for vertical turbine pumps in North America. Efficient pumping solutions are necessary as municipalities invest in modernizing or expanding their water treatment and distribution systems.
Water consumption in agriculture is substantial, and irrigation often involves the adoption of vertical turbine pumps. The agricultural sector can adopt vertical turbine pumps due to modifications to farming methods, shifts in weather patterns, and the need to conserve water.
Hydropower projects adopt vertical turbine pumps due to the increased focus on renewable energy sources. The North American demand for vertical turbine pumps could flourish due to infrastructure investments in renewable energy.
Manufacturers of vertical turbine pumps in North America can benefit from increased replacement and upgrade activities brought on by aging the current infrastructure.
Vertical turbine pump sales in North America expanded at a 1.5% CAGR from 2018 to 2022. In 2022, the vertical turbine pump revenue amounted to US$ 483.2 million. The North America vertical turbine pump industry is to flourish at a CAGR of 4.2% between 2023 and 2033.
From 2018 to 2022, vertical turbine pump sales in North America grew steadily. North America's growing industrial and infrastructure development fueled the need for effective water management solutions.
| Attributes | Details |
|---|---|
| Demand Analysis (2022) | US$ 483.2 million |
| CAGR Estimation (2018 to 2022) | 1.5% |
Improvements in manufacturing techniques and pump technology contributed to the North America market expansion of vertical turbine pumps. North America vertical turbine pump manufacturers have been working hard to enhance products' energy efficiency, dependability, and performance.
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The demand for vertical turbine pumps is directly related to infrastructure construction. Reductions or delays in infrastructure spending negatively affect market expansion for vertical turbine pumps in North America.
Traditional vertical turbine pumps can confront difficulties due to the rapid advancements in pump technology or the emergence of affordable and efficient alternatives. This factor impedes the sales of vertical turbine pumps in North America.
Energy price fluctuations can negatively impact the vertical turbine pump industry's operating costs and, in turn, the demand for vertical turbine pumps in North America.
A thorough segmentation analysis of the vertical turbine pump industry in North America is provided in this subsection, with a focus on the mining segment as the leading end-use category. The 500 to 2000 m head-type pumps are expected to dominate the North American vertical turbine pump sector by 2023, contributing to a significant 54.7% share.
The most sought-after range for vertical turbine pumps in North America is the intermediate head range of 500 to 2000 m.
The head type segment of the vertical turbine pump sector, ranging from 500 to 2000 m, meets standard specifications and provides an adaptable solution for various uses.
The market dynamics position the 500 to 2000 m segment at the leading edge by balancing the necessity for higher head capacities and pragmatic considerations.
| Segment | 500 to 2000 m |
|---|---|
| Share | 54.7% |
Widespread adoption of vertical turbine pumps is ensured by the 500 to 2000 m segment's ability to meet the engineering requirements of numerous projects.
In terms of vertical turbine pump sales, the 500 to 2000 m category leads, with the up to 500 m and 2000 m and above segments trailing behind.
The agriculture segment is to be valued at US$ 82.4 million in 2023. Due to the rising demand for effective irrigation systems, the agricultural sector dominates the vertical turbine pump industry in North America.
The agriculture sector significantly contributes to sales due to the growing adoption of vertical turbine pumps driven by expanding agricultural activities.
| Segment | Agriculture |
|---|---|
| CAGR | 5.7% |
The agriculture sector's tenacity highlights how important it is to the growth of vertical turbine pumps in North America.
The agriculture sector leads North America's sales of vertical turbine pumps due to economic factors and sustainable farming practices. The agriculture segment is estimated to attain a valuation of US$ 144.8 million by 2033.
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Key vertical turbine pump sub-region revenue projections are shown in the table below. As of 2033, the Southwest United States, Midwest, and Ontario are predicted to be the leading regions consuming vertical turbine pumps in North America, with estimated values of US$ 113.0 million, US$ 180.9 million, and US$ 92.5 million, respectively.
The predictions for the top three sub-regions' growth rates are displayed in the table below. Higher CAGRs of 5.1%, 5.5%, and 5.0%, respectively, are anticipated for the Northeastern United States, Alberta, and British Columbia through 2033.
| Sub-regions | Projected CAGR (2023 to 2033) |
|---|---|
| Northeast United States | 5.1% |
| Alberta | 5.5% |
| British Columbia | 5.0% |
Robust industrial activities contribute to the United States vertical turbine pump industry and increasing demand for effective water management systems.
Modern vertical turbine pumps are replacing pumping systems in the United States due to technological advancements and an emphasis on energy efficiency, propelling market growth.
| Sub-Regions | Market Revenue (2033) |
|---|---|
| Southwest United States | US$ 113.0 million |
| Midwest United States | US$ 180.9 million |
| Ontario | US$ 92.5 million |
The United States' adoption of vertical turbine pumps is driven by urban water infrastructure expansions, catering to the United States' changing water supply requirements. The vertical turbine pump industry is growing due to increased investment in hydropower projects and a growing focus on renewable energy sources.
Modern vertical turbine pumps are increasingly prevalent in Canada due to the industry's need for effective water management strategies and environmental concerns.
Canada's commitment to clean energy pushes the expansion of hydropower projects, opening up significant opportunities for the vertical turbine pump sector.
Canada's extensive mining and mineral processing sector, which demands dependable water handling systems, impacts the vertical turbine pump industry.
Farmers in Canada adopt vertical turbine pumps for irrigation to increase crop yield and guarantee effective water distribution, making agriculture a significant sector for vertical turbine pumps.
North America's vertical turbine pump industry is relatively consolidated, with the leading players holding between 45% and 50% of the market. Environmentally friendly pump models are developed by manufacturers in response to the industry's shift toward sustainable and energy-efficient pump solutions.
Digital monitoring systems and smart pump technologies, among other technological innovations, are anticipated to impact the vertical turbine pump sector in North America. The vertical turbine pump vendors in North America tend to implement tactics like partnerships, mergers, and acquisitions to expand their reach.
Recent Advancements in Vertical Turbine Pump in North America
| Company | Details |
|---|---|
| Xylem | The e-MP multi-stage ring section pumps, the e-XC single-stage double suction centrifugal pumps, and larger vertical turbine pumps are among the new pumps that Xylem has added to its inventory in 2022. With the capacity to handle up to 50,000 GPM for large industrial fluid requirements, such as bringing in and boosting raw water, moving fluids, and cooling machine tools, the vertical turbine pump is an addition to the company's current vertical turbine product line. |
| KSB Group | In 2018, the KSB Group expanded its range of products by launching an extensive line of vertical turbine pumps into the international market. |
| Attribute | Details |
|---|---|
| Estimated Valuation (2023) | US$ 503.3 million |
| Projected Valuation (2033) | US$ 754.4 million |
| Anticipated CAGR (2023 to 2033) | 4.2% |
| Historical Analysis of Vertical Turbine Pump in North America | 2018 to 2023 |
| Demand Forecast for Vertical Turbine Pump in North America | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Countries Analyzed While Studying Opportunities in Vertical Turbine Pumps in North America | United States, Northeast USA, Southeast USA, Southwest USA, Midwest USA, West USA, Canada, Alberta, British Columbia, Quebec, Ontario, Rest of Canada |
| Key Companies Profiled | Trillium Flow Technologies; Peerless Pumps; Grundfos; Flowserve; Sulzer; Ruhrpumpen; Xylem; KBL; Taco Inc; Pentair; ITT INC.; KSB SE & Co. KGaA; Ebara Corporation; The Weir Group PLC; Wilo; Tsurumi Manufacturing Co., Ltd. |
The sales of vertical turbine pumps in North America were valued at US$ 483.2 million in 2022.
The market value of vertical turbine pumps in North America is set to reach US$ 503.3 million in 2023.
The demand for vertical turbine pumps in North America is anticipated to rise at 4.2% CAGR.
The North America market size for vertical turbine pumps is set to reach US$ 754.4 million by 2033.
The industrial segment is expected to lead the vertical turbine pump industry from 2023 to 2033.
1. Executive Summary
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Strategic Promotional Strategies
5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Regional Pricing Analysis By Head
6.2. Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global Real GDP Growth
8.1.3. Regional Economic Growth
8.1.4. USA Public Construction Sector Growth Outlook
8.1.5. Urbanization Overview
8.1.6. USA Population Overview
8.1.7. Canada Population Overview
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. Urbanization Growth Outlook
8.2.5. Business Climate
8.2.6. Covid-19 Impact Assessment
8.2.7. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Porter’s Five Forces Analysis
8.7. PESTLE Analysis
8.8. Patent Analysis
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Head
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Head, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Head, 2023 to 2033
9.3.1. Up to 500 m
9.3.2. 500 - 2000 m
9.3.3. 2000 m & Above
9.4. Market Attractiveness Analysis By Head
10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Material Type, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Material Type, 2023 to 2033
10.3.1. Ductile Iron Pump
10.3.2. Stainless Steel Pump
10.3.3. Bronze
10.3.4. Cast Iron
10.4. Market Attractiveness Analysis By Material Type
11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Stages
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By Stages, 2018 to 2022
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Stages, 2023 to 2033
11.3.1. Single Stage
11.3.2. Multi-stage
11.4. Market Attractiveness Analysis By Stages
12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rating
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) and Volume Analysis By Power Rating, 2018 to 2022
12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Power Rating, 2023 to 2033 Low Power (Upto 1500 Hp) Medium Power (1500 to 4000 Hp) High Power (4000 Hp & Above)
12.4. Market Attractiveness Analysis By Power Rating
13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use, 2018 to 2022
13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use, 2023 to 2033
13.3.1. Residential
13.3.2. Commercial
13.3.3. Agriculture
13.3.4. Industrial
13.3.4.1. Chemicals
13.3.4.2. Pharmaceuticals
13.3.4.3. Oil & Gas
13.3.4.4. Power Generation
13.3.4.5. Cement
13.3.4.6. Mining
13.3.4.7. others
13.3.5. Municipal
13.3.6. Firefighting
13.4. Market Attractiveness Analysis By End-Use
14. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
14.1. Introduction
14.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022
14.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Country, 2023 to 2033
14.3.1. USA
14.3.2. Canada
14.4. Market Attractiveness Analysis By Country
15. USA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.3.1. By Sub-Region
15.3.1.1. Northeast USA
15.3.1.2. Southeast USA
15.3.1.3. Southwest USA
15.3.1.4. Midwest USA
15.3.1.5. West USA
15.3.2. By Head
15.3.3. By Material Type
15.3.4. By Stages
15.3.5. By Power Rating
15.3.6. By End-Use
15.4. Market Attractiveness Analysis
15.4.1. By Sub-Region
15.4.2. By Head
15.4.3. By Material Type
15.4.4. By Stages
15.4.5. By Power Rating
15.4.6. By End-Use
16. Canada Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.3.1. By Sub-Region
16.3.1.1. Alberta
16.3.1.2. British Columbia
16.3.1.3. Quebec
16.3.1.4. Ontario
16.3.1.5. Rest of Canada
16.3.2. By Head
16.3.3. By Material Type
16.3.4. By Stages
16.3.5. By Power Rating
16.3.6. By End-Use
16.4. Market Attractiveness Analysis
16.4.1. By Sub-Region
16.4.2. By Head
16.4.3. By Material Type
16.4.4. By Stages
16.4.5. By Power Rating
16.4.6. By End-Use
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Flowserve Corporation
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Profitability by Market Segments (Product/Channel/Region)
18.3.1.4. Sales Footprint
18.3.1.5. Strategy Overview
18.3.2. KSB SE & Co. KGaA
18.3.3. Sulzer AG
18.3.4. Ebara Corporation
18.3.5. Xylem Inc.
18.3.6. ITT INC.
18.3.7. The Weir Group PLC
18.3.8. WILO SE
18.3.9. Grundfos
18.3.10. Tsurumi Manufacturing Co., Ltd.
18.3.11. Kirloskar Brothers Ltd.
18.3.12. Ruhrpumpen Group
18.3.13. Pentair PLC
18.3.14. Trillium Flow Technologies
18.3.15. Peerless Pumps
18.3.16. Taco, Inc.
19. Assumptions and Acronyms Used
20. Research Methodology
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Vertical Turbine Pump Industry analysis in North America
