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TURKEY PUMP MARKET SIZE WAS VALUED AT USD 1.34 BILLION IN 2021 AND IS EXPECTED TO REACH USD 1.95 BILLION BY 2027, GROWING AT A CAGR OF 6.52% DURING THE FORECAST PERIOD
Pump Market in Turkey Research Report Includes Size, Share, Trends Analysis, Competitive Landscape, and Growth Potential by Product (Centrifugal Pumps (Single Stage, Multistage, Submersible, and Turbine), Reciprocating Pumps (Piston and Diaphragm), and Rotary Pumps (Gear, Lobe, Peristaltic, and Vane)), and End Users (Industrial (Oil & Gas, Water & Wastewater, Food & Beverage, Chemical, Power, Mining, Pharmaceutical, and Others), Agricultural, Commercial, and Residential) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share, & Forecast, 2022-2027
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TURKEY PUMP MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE (REVENUE) | USD 1953.95 MILLION (2027) |
| CAGR | 6.52% (2022-2027) |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2022-2027 |
| MARKET SEGMENTS | Product (Centrifugal Pumps (Single Stage, Multistage, Submersible, and Turbine), Reciprocating Pumps (Piston and Diaphragm), and Rotary Pumps (Gear, Lobe, Peristaltic, and Vane)), and End Users (Industrial (Oil & Gas, Water & Wastewater, Food & Beverage, Chemical, Power, Mining, Pharmaceutical, and Others), Agricultural, Commercial, and Residential) |
| GEOGRAPHIC ANALYSIS | Turkey |
INDUSTRY OVERVIEW
Turkey's pump market was valued at USD 1,337.46 million in 2021 and is expected to reach USD 1,953.95 million by 2027, growing at a CAGR of 6.52% during the forecast period. Favorable government policies to further boost the productivity of the oil & gas industry are among the major factors which are likely to fuel the demand for the pump market in Turkey. Improvement in infrastructural development activities is also one of the main factors that are expected to boost the growth of the pump industry in the region. Industrialization and immense agricultural development have contributed to the creation in Turkey of a large sector of pumps. The pump market in Turkey is expected to continue expanding the pump applications in various end-use industries such as oil & gas, mining, agriculture, domestic, manufacturing, and municipal water.
KEY HIGHLIGHTS
- The growing construction industry is expected to drive the growth of pumps and pumping equipment manufacturing in Turkey. Turkey occupies a unique geographic position, lying mainly between Asia and Europe, so it gains importance in terms of investments from other countries.
- Demand for energy-efficient pumps in the country is also driving the demand for the pump market in Turkey. Under the Eleventh Development Plan (2019-2023), the government increased the target to 38.8% of renewables in power generation by 2023. The need to save energy is expected to inspire pump manufacturers to expand their product offerings.
- The market is also driven by the high demand for water & wastewater treatment plants. Policymakers have implemented stringent wastewater management strategies and legislation, particularly for urban and industrial sectors regarding wastewater treatment. This is likely to increase the demand for water treatment plant pumps.
- The country's growing potential for pump exports will drive the industry's growth. Presently, pumps and compressor industry exports comprise 5.56% of the export of Turkish machinery. Also, exports of pumps have a share of 54.2%. This is expected to increase in the forecast period.
TURKEY PUMP MARKET SEGMENTS
Pump market in Turkey is segmented by-
- Product
- End users
TURKEY PUMP MARKET SEGMENTATION
- The demand for submersible pumps is strongly associated with the growth of infrastructure activities worldwide. Raising urbanization and growing investments in wastewater treatment affect the pump demand; thus, submersible pump companies in Turkey should keep these factors in mind for market growth. Electrical submersible pumps are in high demand with permanent magnet motors through reduced power consumption in the pump market in Turkey.
- The Turkey rotary pump market is driven by the increasing need for energy systems in industries that use new technologies. Further, to speed up the development of the rotary pump industry, new agriculture innovations are implemented to improve total catering productivity to meet the increasing demand for farm products.
- The pump demand is expected to rise substantially in the industrial sector during the forecast period. The technological advances on conventional pumping alternative technologies, such as solar-powered pumps, are likely to drive the pump demand during the expected period.
VENDOR LANDSCAPE
- The key players in the Turkey pumps market are Alfa Laval, Wilo, Xylem, The Weir Group, Torishima, Sulzer, SPX FLOW, KSB, Kirloskar Brothers, Franklin Electric, Flowserve, DESMI, CIRCOR, Baker Hughes, Arian Pumps, Masdaf, Norm Hydrophore Pumps, Sempa, Sumak Pumps, Vesta Pump, Vansan, Samsun Makina Sanayi, Sahinler Submersible Pump, PUMPPORT, and Jetox Pumps.
- Competition among the closest competitors is generally driven by delivery times, application knowledge, experience, expertise, price, breadth of product offerings, contractual terms, previous installation history, and reputation for quality.
- Vendors are actively investing in R&D to develop fundamental technology to establish competitiveness by enhancing core product technology in the pump market.
- Centrifugal pumps are the most widely used pump, and they are the best devices used for water and thin liquids and slurries in almost every industry. Thus vendors should focus on product sales of this particular product.
Turkey pump market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Segmentation by Product
- Centrifugal Pumps
- Single Stage
- Multistage
- Submersible
- Turbine
- Reciprocating Pumps
- Piston
- Diaphragm
- Rotary Pumps
- Gear
- Lobe
- Peristaltic
- Vane
Segmentation by End Users
- Industrial
- Oil & Gas
- Water & Wastewater
- Food & Beverage
- Chemical
- Power
- Mining
- Pharmaceutical
- Others
- Agricultural
- Commercial
- Residential
Frequently Asked Questions
What is the investment forecast for the pump market in Turkey by 2027?
Which pump type will have the highest growth rate in the forecast period?
Who are the major players in the Turkey pump market?
What factors will drive the growth of the Turkey pump industry?
What key trends should new entrants focus on to increase their market share?
Turkey pump market size was valued at USD 1337.46 million in 2021 and is expected to reach USD 1953.95 million by 2027, growing at a CAGR of 6.52% during the forecast period.
The following factors are likely to contribute to the growth of the Turkey pump market-
- Escalating construction industry
- Demand for energy efficiency pumps
- High Demand for Water & Wastewater Treatment Plants
- Growing Potential for Pump Exports
- Depleting Groundwater Level
Base Year: 2021
Forecast Year: 2022-2027
The study considers a detailed scenario of the present Turkey pump market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Vendors
- Alfa Laval
- Business Overview
- Product Offerings
- Wilo
- Xylem
- The Weir Group
- Torishima
- Sulzer
- SPX FLOW
- KSB
- Kirloskar Brothers
- Franklin Electric
- Flowserve
- DESMI
- CIRCOR
- Baker Hughes
- Arian Pumps
- Masdaf
- Norm Hydrophore Pump
- Sempa
- Sumak Pumps
- Vesta Pump
- Vansan
- Samsun Makina Sanayi
- Sahinler Submersible Pump
- PUMPPORT
- Jetox Pumps
Segmentation by Product
- Centrifugal Pumps
- Single Stage
- Multistage
- Submerisible
- Turbine
- Reciprocating Pumps
- Piston
- Diaphragm
- Rotary Pumps
- Gear
- Lobe
- Peristaltic
- Vane
Segmentation by End Users
- Industrial
- Oil & Gas
- Water & Wastewater
- Food & Beverage
- Chemical
- Power
- Mining
- Pharmaceutical
- Others
- Agricultural
- Commercial
- Residential
LIST OF EXHIBITS
Exhibit 1 Segmentation of Pump Market in Turkey
Exhibit 2 Market Size Calculation Approach 2021
Exhibit 3 Pump Market in Turkey
Exhibit 4 Key Challenges Caused by Pump Inefficiency
Exhibit 5 Revenue by Industrial End-users 2021 & 2027 ($ million)
Exhibit 6 Industrial End-users 2021 & 2027 (% share)
Exhibit 7 Macroeconomic Developments 2016-2020
Exhibit 8 Economic Targets Medium-term Program, New Economic Program (NEP) 2019–2023
Exhibit 9 Targets of Exports Master Plan: Sustainable Increase in Exports
Exhibit 10 Sectoral Breakdown of Foreign Investments
Exhibit 11 Breakdown of Investment in Manufacturing Industry January-April 2021 (%)
Exhibit 12 Impact of Growing Construction Industry
Exhibit 13 Impact of Demand for Energy-efficient Pumps
Exhibit 14 Impact of High Demand for Water & Wastewater Treatment Plants
Exhibit 15 Pump Market in Turkey by Water & Wastewater Industry
Exhibit 16 Impact of Growing Potential for Pump Exports
Exhibit 17 List of Few Importing Markets for Centrifugal Pumps
Exhibit 18 Impact of Depleting Groundwater Levels
Exhibit 19 Groundwater Use Pattern in Turkey 2021 (%)
Exhibit 20 Impact of Growing Agriculture Sector
Exhibit 21 Impact of Expansion in Infrastructure
Exhibit 22 Infrastructure Developments in Turkey
Exhibit 23 Impact of Fluctuations in Raw Material Prices
Exhibit 24 Copper Price Curve 2021
Exhibit 25 Impact of International Competition
Exhibit 26 Key Competitive Factors in International Pump Market
Exhibit 27 Pump Market in Turkey 2021–2027 ($ million)
Exhibit 28 Five Forces Analysis 2021
Exhibit 29 Incremental Growth by Product 2021 & 2027
Exhibit 30 Incremental Growth by Centrifugal Pumps 2021 & 2027
Exhibit 31 Centrifugal Pump Market in Turkey 2021–2027 ($ million)
Exhibit 32 Single-stage Pump Market in Turkey 2021–2027 ($ million)
Exhibit 33 Multi-stage Pump Market in Turkey 2021–2027 ($ million)
Exhibit 34 Submersible Pump Market in Turkey 2021–2027 ($ million)
Exhibit 35 Turbine Market in Turkey 2021–2027 ($ million)
Exhibit 36 Incremental Growth by Reciprocating Pumps 2021 & 2027
Exhibit 37 Reciprocating Pump Market in Turkey 2021–2027 ($ million)
Exhibit 38 Piston Pump Market in Turkey 2021–2027 ($ million)
Exhibit 39 Diaphragm Pump Market in Turkey 2021–2027 ($ million)
Exhibit 40 Incremental Growth by Rotary Pumps 2021 & 2027
Exhibit 41 Rotary Pump Market in Turkey 2021–2027 ($ million)
Exhibit 42 Rotary Pump Market Share
Exhibit 43 Gear Pump Market in Turkey 2021–2027 ($ million)
Exhibit 44 Lobe Pump Market in Turkey 2021–2027 ($ million)
Exhibit 45 Peristaltic Pump Market in Turkey 2021–2027 ($ million)
Exhibit 46 Vane Pump Market in Turkey 2021–2027 ($ million)
Exhibit 47 Incremental Growth by End-user 2021 & 2027
Exhibit 48 Incremental Growth by Industrial End-user 2021 & 2027
Exhibit 49 Industrial Pump Market in Turkey 2021–2027 ($ million)
Exhibit 50 Oil & Gas Pump Market in Turkey 2021–2027 ($ million)
Exhibit 51 Water & Wastewater Pump Market in Turkey 2021–2027 ($ million)
Exhibit 52 Food & Beverage Pump Market in Turkey 2021–2027 ($ million)
Exhibit 53 Key Demand Highlights in Food & Beverage Industry
Exhibit 54 Chemical Pump Market in Turkey 2021–2027 ($ million)
Exhibit 55 Power Pump Market in Turkey 2021–2027 ($ million)
Exhibit 56 Mining Pump Market in Turkey 2021–2027 ($ million)
Exhibit 57 Pharmaceutical Pump Market in Turkey 2021–2027 ($ million)
Exhibit 58 Other Pump Market in Turkey Market 2021–2027 ($ million)
Exhibit 59 Agricultural Pump Market in Turkey 2021–2027 ($ million)
Exhibit 60 Commercial Pump Market in Turkey 2021–2027 ($ million)
Exhibit 61 Residential Pump Market in Turkey 2021–2027 ($ million)
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2015−2021
Table 3 Pump Market in Turkey by Product 2021–2027 ($ million)
Table 4 Centrifugal Pump Market by Type 2021–2027 ($ million)
Table 5 Reciprocating Pump Market by Type 2021–2027 ($ million)
Table 6 Rotary Pump Market by Type 2021–2027 ($ million)
Table 7 Pump Market in Turkey by End-user 2021–2027 ($ million)
Table 8 Pump Market in Turkey by End-users 2021–2027 ($ million)
Table 9 Alfa Laval: Major Product Offerings
Table 10 Wilo: Major Product Offerings
Table 11 Xylem: Major Product Offerings
Table 12 The Weir Group: Major Product Offerings
Table 13 Torishima: Major Product Offerings
Table 14 Sulzer: Major Product Offerings
Table 15 SPX FLOW: Major Product Offerings
Table 16 KSB: Major Product Offerings
Table 17 Kirloskar Brothers: Major Product Offerings
Table 18 Franklin Electric: Major Product Offerings
Table 19 Flowserve: Major Product Offerings
Table 20 DESMI: Major Product Offerings
Table 21 CIRCOR: Major Product Offerings
Table 22 Baker Hughes: Major Product Offerings
Table 23 Arian Pumps: Major Product Offerings
Table 24 Masdaf: Major Product Offerings
Table 25 Norm Hydrophore Pump: Major Product Offerings
Table 26 Sempa: Major Product Offerings
Table 27 Sumak Pump: Major Product Offerings
Table 28 Vesta Pump: Major Product Offerings
Table 29 Vansan: Major Product Offerings
Table 30 Samsun Makina Sanayi: Major Product Offerings
Table 31 Sahinler Submersible Pump: Major Product Offerings
Table 32 PUMPPORT: Major Product Offerings
Table 33 Jetox Pumps: Major Product Offerings
Table 34 Pump Market in Turkey by Product 2021–2027 ($ million)
Table 35 Centrifugal Pump Market by Type 2021–2027 ($ million)
Table 36 Reciprocating Pump Market by Type 2021–2027 ($ million)
Table 37 Rotary Pump Market by Type 2021–2027 ($ million)
Table 38 Pump Market in Turkey by End-user 2021–2027 ($ million)
Table 39 Industrial Sector by Type 2021–2027 ($ million)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segmentation
4.4.1 Market by Product
4.4.2 Market by End-User
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Demand Insights
7.2 Economic Outlook
7.2.1 Macroeconomic Developments
7.2.2 Economic Targets
7.2.3 Targets of Exports Master Plan
7.2.4 Sectoral Breakdown of Foreign Investments
7.3 Growth in Mergers & Acquisitions
7.4 Demand for Efficient & Advanced Pump Technology
7.5 Replacement Demand
7.6 Impact of Covid-19
8 Market Opportunities & Trends
8.1 Growing Construction Industry
8.2 Demand for Energy-Efficient Pumps
8.3 High Demand for Water & Wastewater Treatment Plants
8.4 Growing Potential for Pump Exports
9 Market Growth Enablers
9.1 Depleting Groundwater Levels
9.2 Growing Agriculture Sector
9.3 Expansion in Infrastructure
10 Market Growth Restraints
10.1 Fluctuations in Raw Material Prices
10.2 International Competition
11 Market Landscape
11.1 Market Size & Forecast
11.2 Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 Centrifugal Pumps
13.1 Market Snapshot & Growth Engine
13.1.1 Market Overview
13.1.2 Market Size & Forecast
13.2 Single-Stage
13.2.1 Market Overview
13.2.2 Market Size & Forecast
13.3 multi-Stage
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.4 Submersible
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.5 Turbine
13.5.1 Market Overview
13.5.2 Market Size & Forecast
14 Reciprocating Pumps
14.1 Market Snapshot & Growth Engine
14.1.1 Market Overview
14.1.2 Market Size & Forecast
14.2 Piston
14.2.1 Market Overview
14.2.2 Market Size & Forecast
14.3 Diaphragm
14.3.1 Market Overview
14.3.2 Market Size & Forecast
15 Rotary Pumps
15.1 Market Snapshot & Growth Engine
15.1.1 Market Overview
15.1.2 Market Size & Forecast
15.2 Gear
15.2.1 Market Overview
15.2.2 Market Size & Forecast
15.3 Lobe
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.4 Peristaltic
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Vane
15.5.1 Market Overview
15.5.2 Market Size & Forecast
16 End-User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
17 Industrial
17.1 Market Snapshot & Growth Engine
17.1.1 Market Overview
17.1.2 Market Size & Forecast
17.2 Oil & Gas
17.2.1 Market Overview
17.2.2 Market Size & Forecast
17.3 Water & Wastewater
17.3.1 Market Overview
17.3.2 Market Size & Forecast
17.4 Food & Beverage
17.4.1 Market Overview
17.4.2 Market Size & Forecast
17.5 Chemical
17.5.1 Market Overview
17.5.2 Market Size & Forecast
17.6 Power
17.6.1 Market Overview
17.6.2 Market Size & Forecast
17.7 Mining
17.7.1 Market Overview
17.7.2 Market Size & Forecast
17.8 Pharmaceutical
17.8.1 Market Overview
17.8.2 Market Size & Forecast
17.9 Others
17.9.1 Market Overview
17.9.2 Market Size & Forecast
18 Agricultural
18.1 Market Overview
18.1.1 Market Size & Forecast
19 Commercial
19.1 Market Overview
19.1.1 Market Size & Forecast
20 Residential
20.1 Market Overview
20.1.1 Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Company Profiles
22.1 ALFA LAVAL
22.1.1 Business Overview
22.1.2 Product Offerings
22.2 WILO
22.2.1 Business Overview
22.2.2 Product Offerings
22.3 XYLEM
22.3.1 Business Overview
22.3.2 Product Offerings
22.4 THE WEIR GROUP
22.4.1 Business Overview
22.4.2 Product Offerings
22.5 TORISHIMA
22.5.1 Business Overview
22.5.2 Product Offerings
22.6 SULZER
22.6.1 Business Overview
22.6.2 Product Offerings
22.7 SPX FLOW
22.7.1 Business Overview
22.7.2 Product Offerings
22.8 KSB
22.8.1 Business Overview
22.8.2 Product Offerings
22.9 KIRLOSKAR BROTHERS
22.9.1 Business Overview
22.9.2 Product Offerings
22.10 FRANKLIN ELECTRIC
22.10.1 Business Overview
22.10.2 Product Offerings
22.11 FLOWSERVE
22.11.1 Business Overview
22.11.2 Product Offerings
22.12 DESMI
22.12.1 Business Overview
22.12.2 Product Offerings
22.13 CIRCOR
22.13.1 Business Overview
22.13.2 Product Offerings
22.14 BAKER HUGHES
22.14.1 Business Overview
22.14.2 Product Offerings
22.15 ARIAN PUMPS
22.15.1 Business Overview
22.15.2 Product Offerings
22.16 MASDAF
22.16.1 Business Overview
22.16.2 Product Offerings
22.17 NORM HYDROPHORE PUMP
22.17.1 Business Overview
22.17.2 Product Offerings
22.18 SEMPA
22.18.1 Business Overview
22.18.2 Product Offerings
22.19 SUMAK PUMP
22.19.1 Business Overview
22.19.2 Product Offerings
22.20 VESTA PUMP
22.20.1 Business Overview
22.20.2 Product Offerings
22.21 VANSAN
22.21.1 Business Overview
22.21.2 Product Offerings
22.22 SAMSUN MAKINA SANAYI
22.22.1 Business Overview
22.22.2 Product Offerings
22.23 SAHINLER SUBMERSIBLE PUMP
22.23.1 Business Overview
22.23.2 Product Offerings
22.24 PUMPPORT
22.24.1 Business Overview
22.24.2 Product Offerings
22.25 JETOX PUMPS
22.25.1 Business Overview
22.25.2 Product Offerings
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations
24 Quantitative Summary
24.1 Product
24.1.1 Centrifugal Pumps
24.1.2 Reciprocating Pumps
24.1.3 Rotary Pumps
24.2 End-User
24.2.1 Industrial Sector
25 Appendix
25.1 Abbreviations
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Frequently Asked Questions
What is the investment forecast for the pump market in Turkey by 2027?
Which pump type will have the highest growth rate in the forecast period?
Who are the major players in the Turkey pump market?
What factors will drive the growth of the Turkey pump industry?
What key trends should new entrants focus on to increase their market share?
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