openPR Logo
Press release

Global Power Generation Pumps Market: Emerging Economies Expected to Influence Growth until 2028 with Key industries Xylem, Flowserve Corporation, Weir Group, Sulzer Ltd., KSB SE & Co. KGaA, SPX Flow

12-21-2018 09:20 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Power Generation Pumps Market: Emerging Economies

Leading players in the power generation pumps market are primarily focusing on new product development. Gaining competitive advantage and adding more value to the existing product line, companies are developing new products to meet the evolving need of end-users. Key power generation pump manufacturers include Xylem, Weir Group, Flowserve Corporation, and Sulzer Ltd. Offering new technologies and systems to boost performance, enhancing the reliability of power generation pumps continues to be a key strategy for leading players in the Power Generation Pumps Market.

Get a free sample copy of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2430

Power Generation Pumps Market Growth Driven by Growing Energy Requirements

According to the International Energy Agency, the energy demand globally rose by 2.1% in 2017, which was twice the previous year’s rate.

Oil, natural gas, and coal met 70% of global energy demand, while renewable energy accounted for the rest. With the development of new power plants to meet the ever-increasing demand for energy, the focus on energy efficiency has increased. On account of process optimization to reduce energy consumption, the demand for power generation pumps offering efficiency is expected to grow.

Manufacturers across the globe are focusing on deploying cost-effective solutions, and this is resulting into new pump design, along with growing focus on research and development. Controlling the excess flow of energy translating into increased operating cost is the key focus area of manufacturers. Power generation pumps with frequency control that adjusts pump’s performance to the current needs are also gaining traction.

Rise in Replacements/Retrofits in Power Plants to Create Opportunities for Power Generation Pumps Manufacturers

Power plants are moving towards replacements or retrofit in order to minimize the downtime and maximize the performance. Old power plants operating in various regions are focusing on replacement/retrofit of valves, power generation pumps, and other equipment used in power plants.

The demand for high-performance power generation pumps leading to efficiency of operations and improving power system flexibility is also increasing across the globe. Stringent regulations on emission levels by governments across various countries is also is resulting in the retrofitting work in old power plants.

The high cost of building new power plants has also influenced manufacturers to focus on upgrading the existing ones. Governments across the world are focusing on investing in retrofitting old power plants to meet the emission standards. The retrofitting of existing coal power plants is also gaining momentum with introduction of regulations on limiting CO2 emission.

Browse full details about Report with TOC: https://www.factmr.com/report/2430/power-generation-pumps-market

Smart Monitoring Technologies Gaining Traction in Power Generation Pumps Market

Older motors and power generation pumps are resulting in increased risk of unplanned outage along with the higher cost to keep them running. Hence, to ensure safe power plant operations, adoption of advanced monitoring technologies is gaining ground. It is highly likely that demand for pumps that are equipped with sensors is likely to grow in the near future.

Sensor technologies are also becoming popular, supporting the process of automatically monitoring the power generation pumps. The pumps outfitted with multiple sensors to measure voltage, current, vibration, pressure, and temperature are being developed and designed.

Capable of detecting early problems, preventing forced outrages and minimizing pump failures, wireless sensors are being integrated into pumps to monitor vibration, cavitation, and seals. In the last few years, equipment monitoring devices operating on wireless networks have gained popularity in the power generation pumps market.

High Installation and Maintenance Cost of Power Generation Pumps to Remain Biggest Challenge

The cost of installing power generation pumps has increased in recent years. Considering current design practices, the life-cycle cost of the pump including cost of installation, operation, and maintenance has also increased.

Moreover, power generation pumps used for primary application in the power plants need more maintenance. To ensure reliability and optimum efficiency, the components of both positive displacement pumps and centrifugal pumps used in the power generation require timely inspection, service, and replacement if necessary. This is leading to the high maintenance cost of power generation pumps.

Many manufacturers in the power generation pumps market have started providing kits to repair the pumps and schedule maintenance. However, the use of counterfeit parts has also increased, leading to the system downtime and damage, resulting in more cost and even replacing the entire pump.

Competition Landscape

The report on the power generation pumps market provides insights on all the leading players in the market. The report offers a dashboard view of the key companies in the power generation pumps market along with the SWOT analysis. Information on the latest developments, new product launches, market share, and business strategies of the companies operating in the power generation pumps market is provided in the report.

Majority of the companies in the power generation pumps market are focusing on new product launches with advanced features providing efficiency and high performance. The companies are also introducing products to meet the emission standards and integrating new technologies to increase efficiency and offer reliability. 

For any query get easily connect with an Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2430

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Power Generation Pumps Market: Emerging Economies Expected to Influence Growth until 2028 with Key industries Xylem, Flowserve Corporation, Weir Group, Sulzer Ltd., KSB SE & Co. KGaA, SPX Flow here

News-ID: 1455233 • Views:

More Releases from Fact.MR

Patient Lifting Equipment Market Set to Surpass US$ 2.3 Billion by 2027
03-28-2024 | Health & Medicine
Fact.MR
Patient Lifting Equipment Market Set to Surpass US$ 2.3 Billion by 2027
The global demand for Patient Lifting Equipment is projected to surge with a robust compound annual growth rate (CAGR) of 7.3% from 2022 to 2027. Presently valued at US$ 1.5 billion, the global market for patient lifting equipment is forecasted to escalate to US$ 2.3 billion by the conclusion of 2027. 𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝗽𝘆: https://www.factmr.com/connectus/sample?flag=S&rep_id=7566 Factors such as a rising incidence of accidents leading to significant injuries and a growing
Thermoplastic Polyurethane Market on Track to Hit US$ 5.8 Billion by 2032
Thermoplastic Polyurethane Market on Track to Hit US$ 5.8 Billion by 2032
The global sales of the Thermoplastic Polyurethane Market amounted to US$ 3 billion. Forecasted with a Compound Annual Growth Rate (CAGR) of 6% from 2022 to 2032, the market is anticipated to soar to US$ 5.8 billion by the conclusion of 2032. Among the various segments, Polyester-Type Thermoplastic Polyurethanes is poised to lead in revenue generation, with a projected CAGR exceeding 7% during the period of 2022 to 2032. According to
Closed Heel Nursing Shoes Market is Estimated to Grow US$ 13.39 billion by 2034
Closed Heel Nursing Shoes Market is Estimated to Grow US$ 13.39 billion by 2034
The global closed heel nursing shoes market is expected to be worth $9.31 billion in 2024, rising to $13.39 billion by the end of 2034. Closed-heeled nursing shoes are specifically designed for healthcare personnel, mainly nurses. These shoes are distinguished by their closed-back construction, which provides extra support and protection to the heel. The enclosed heel improves stability and lowers the chance of slippage while performing strenuous tasks in medical settings. Nursing
Cloud Computing Market to Grow at 15% CAGR from 2022-2032
Cloud Computing Market to Grow at 15% CAGR from 2022-2032
The global cloud computing market is expected to be worth $1,949 billion by 2032, with a compound annual growth rate (CAGR) of 15% between 2022 and 2032. This trend is being driven by the fast digitalization of workplaces and the growing demand for Software as a Service (SaaS) solutions, which are extending the industry's prospects. The global rise of the cloud computing industry is being driven by the growing adoption of

All 5 Releases


More Releases for Power

Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan. The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
DC Power Connectors ,DC Power Connectors industry, DC Power Connectors market tr …
Global DC Power Connectors Industry New Study on “2018-2025 DC Power Connectors Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database This report studies the global DC Power Connectors market status and forecast, categorizes the global DC Power Connectors market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other
Global Temporary Power Generation/Power Rental Market 2017 - Aggreko, HSS, Power …
Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply. Scope of the Report: This report focuses on the Temporary Power Generation/Power Rental in Global market, especially