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The Vertical Turbine Pumps market had a market value of US$ 25 billion in 2022 and is expected to have a market value of US$ 40.72 billion in 2032, with a CAGR of 5% from 2022 to 2032. Rapid urbanisation and rising demand for wastewater treatment are driving market growth.

Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, motor is located above the ground level and is connected to the impellers at the bottom of the pump via vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.

Vertical turbine pumps are usually used where submersible pump cannot be used. Vertical turbine pumps are also known by deep well turbine pumps. The usage of vertical turbine pumps is mostly found in wide range of municipal, agricultural, and industrial applications.

In vertical turbine pumps, maintenance of the pump head is quite difficult. It needs a lot of headroom for its maintenance. This is the only challenge faced by the manufacturers of vertical turbine pumps across the globe.

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Global Vertical Turbine Pumps Market: Market Participants 

The global market for vertical turbine pumps is moderately fragmented as there are significant number of manufacturers across the globe. Although, names of some of market participants engaged in the manufacturing and sales of vertical turbine pumps are mentioned below:

Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, the motor is located above the ground level and is connected to the impellers at the bottom of the pump via a vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.

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Key Segments Profiled in the Vertical Turbine Pumps Industry Survey

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The post Vertical Turbine Pumps Market Registering A CAGR Of 5% In The Forecast Period 2022-2032, Future Market Insights Inc. appeared first on Future Market Insights.

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