The global market for vertical turbine pumps is projected to register robust growth between 2023 and 2031, according to a new market analysis from Reed Intelligence.

Market Size & Forecast

Base Year: 2023

Forecast Period: 2023–2031

Forecast CAGR: 4.2% 

Key Highlights

Largest Region: North America remains the largest regional market for vertical turbine pumps globally, supported by advanced water treatment infrastructure and high demand across municipal, industrial, and agricultural sectors.

Fastest-Growing Region: The Asia Pacific (APAC) region is anticipated to grow at the fastest pace over the forecast period, driven by rapid urbanization, growing demand for water supply and irrigation solutions, and rising industrialization.

Largest Market Segment (by Type): The “Ductile Iron Pump” segment leads in market share among pump types.

Market Segments (by Application): Among applications, the “Municipal” segment is a key contributor to market demand, reflecting widespread use in water supply and wastewater management.

Market Dynamics

The growth of the vertical turbine pump market is being driven by increasing demand from water treatment and irrigation industries, along with rising urbanization, growing water scarcity, and technological improvements in pump design and efficiency. These factors are fueling adoption across municipal water supply, industrial water systems, agriculture, and other key application areas.

However, the market faces restraints including economic uncertainties, regulatory hurdles, supply-chain disruptions, and competitive pressure. At the same time, these challenges open up opportunities: the development and deployment of energy-efficient pumps, and growing adoption in renewable energy applications, offer significant potential for expansion. By innovating to address these constraints, manufacturers have room to penetrate undeserved segments and new geographies, enhancing long-term growth prospects.

Top Market Players

Key companies operating in the global vertical turbine pump market include:

Grundfos

Gorman Rupp (National Pump)

Flowserve

Pentair Aurora Pump

Sulzer

Ruhrpumpen

Xylem

KBL

Aoli Machinery

Process Systems

Simflo Pump

SMI

Hydroflo Pumps

Market Segmentation

By Type

Ductile Iron Pump

Stainless Steel Pump

Other Pump

By Application

Municipal

Firefighting

Agriculture

Industrial

Other Applications

By Region

North America

Europe

Asia Pacific (APAC)

LAMEA (Latin America, Middle East & Africa)

About This Report

Global Vertical Turbine Pump Market Size, Share and Trends Analysis by Type, by Application, by Region (North America, Europe, Asia Pacific, LAMEA) and Forecasts, 2023–2031” published by Reed Intelligence. The report offers detailed insights into market size and forecast, segment analysis, regional dynamics, competitive landscape, and key industry trends and opportunities.