The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4,000,000 units by the end of 2018. The growth in the power generation pumps market is influenced by rising energy demand, especially in the developing regions. Integration of new technologies including sensors to monitor different parameters in the power generation pumps is also on a rise.
Providing high flow rate with a capacity of handling large quantities of fluids, centrifugal pumps are widely used in the power generation plants. The demand for centrifugal pumps is likely to be influenced by its various features, such as small size and low costs.
After reading the power generation pumps market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the power generation pumps market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The power generation pumps market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Western Europe (Germany, France)
- Eastern Europe (Russia, Poland)
The evaluation of the competitive landscape in the power generation pumps market covers the profile of the following top players:
- Xylem
- Flowserve Corporation
- Weir Group
- Sulzer Ltd.
- KSB SE & Co. KGaA
- SPX Flow, Inc.
- Alfa Laval
- Gardner Denver, Inc.
- ITT, Inc.
- Roper Technologies, Inc.
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Power Generation Pumps to find Large Application in Coal/Oil Power Plants
The demand for power generation pumps is likely to grow significantly in coal/oil power plants with demand expected to exceed 1,400,000 units by 2018 end. The development of new coal and oil power plants across various countries is driving the power generation pumps market growth.
According to the International Energy Agency (IEA), coal generation increased by 3% in 2017 after witnessing a fall in last two years. Substantial growth in coal generation is seen in India and China. Moreover, with the share of around 30%, coal-fired power generation remains the largest source of energy worldwide.
Efforts are being made to improve the coal power plants design and power generation pumps to boost efficiency and flexibility of the plants. The coal-fired power plants are deploying efficient supercritical and ultra-supercritical coal power generation technologies. Although southeast Asia is an important producer of coal, oil, and gas, it is likely to face several challenges in the coming years, owing to the increasing focus on power generation through green energy sources.
APAC to Dominate Power Generation Pumps Market
APAC is witnessing an increase in demand for power and electricity. With new government regulations and emission standards, countries in APAC region are switching to cleaner source of energy. Adoption of renewable sources of energy for power generation has increased in recent years.
With the increasing demand for power from various industries, the demand for power generation pumps in APAC region is expected to surpass 2,000,000 units by the end of 2018. According to the report, various countries in the region have upgraded policy framework, increased regional co-operation, and are moving towards renewable energy resources along with the increasing investments.
Growing investments in infrastructure and development of new industries, energy demand in the Southeast Asian countries is set to grow strongly. According to the IEA’s Southeast Asia Energy Outlook 2017, increasing energy needs is resulting in the rise in consumption of fuels. Coal accounts for nearly 40% of the growth, whereas demand for natural gas is also likely to grow by around 60% by 2040. Hence, new power plant construction is also expected in the region, thereby driving power generation pumps market growth.
To expand the understanding of opportunities in the global power generation pumps market report looks at close quarters into the opportunities and new avenues in following key segments:
- Coal/Oil
- Combined Cycle Gas
- Hydroelectric
- Nuclear
In addition to understanding the demand patterns of various end users, the report on the power generation pumps market also enumerates trends expected to attract investments by other various associated industries.
On the basis of pump characteristics, the power generation pumps market report offers insight into major adoption trends for the following segments:
- Standard Pumps
- Engineered Pumps
- Special Purpose Pumps
The global power generation pumps market report offers detailed assessments and quantit