Power Generation Pumps Market find Large Application in Coal/Oil Power Plants || key Players:
Request Free Sample Report Here:
As per the study, in order to meet the electricity demand, installed power generation capacity is expected to rise to more than 565 GW in 2040. Also, renewables are expected to account for largest share in installed capacity by 2040. Thereby, driving the demand in the power generation pumps market.
According to the Fact.MR report, power generation pumps with small capacity of up to 500 gpm are likely to witness highest growth in the coming years. The demand for smaller power generation pumps is increasing due to low cost and have smaller motors, resulting in less power consumption.
The power generation pumps market is likely to witness steady growth, the demand for power generation pumps is expected to reach 3.7% CAGR in terms of volume during 2018-2028.
Browse Full report with TOC:
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.
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.
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.
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.
Have Any Query?? Ask Our Industry Expert:
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research 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.
11140 Rockville Pike
Rockville, MD 20852
Read Full PR
This release was published on openPR.
Permanent link to this press release:
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 Power Generation Pumps Market find Large Application in Coal/Oil Power Plants || key Players: here
News-ID: 1650670 • Views: 327
More Releases from Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
More Releases for Pumps
Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Pumps Market 2024
Introduction While pumps usually find their usage is transferring liquid, they are also used for artificial pressure building and transporting fluids from remote locations. According to their operational requirement, these pumps are categorized into positive displacement pumps and centrifugal pumps. Demand for positive displacement pumps is mainly from industries where a consistent flow of fluid is more imperative. Centrifugal pumps, on the other hand, are designed for volume based transportation. In
Positive Displacement Pumps market 2026| Positive Displacement Pumps, Reciprocat …
Research Report Insights offers a 10-year forecast for Global Positive Displacement Pumps market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 4.3% during the forecast period (2026). The principal objective of the report is to present a comprehensive analysis and insights on the global market dynamics including market drivers, restraints, future opportunities and ongoing trends in terms of key Positive Displacement
Global Breast Pumps Market
The Global Breast Pumps Market was valued at US$ 606.6 million in 2015 and is projected to expand at a CAGR of 4.8% during 2016–2024,according to a new report published by Coherent Market Insights. Rapidly growing population and improving insurance scenario is propelling demand for breast pumps worldwide. Demand for electronic breast pumps is gaining high traction in terms mainly due to adjustable suction level aiding ease of use. A more
Global Vacuum Pumps Market
Vacuum pump is a mechanical device which is used to create vacuum by removing gas molecules from a sealed volume. Growing adoption of vacuum pumps in power, oil & gas, chemical processing, and semiconductor industries is driving the demand for vacuum pumps. Moreover, rising investment in these industries is also expected to benefit the market of vacuum pumps globally. Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4376 On the basis
Variable Displacement Pumps Market
To control the amount of flow in fixed displacement pumps, the speed of the pump has to be altered, which is not energy-efficient and requires manual control. These two factors make fixed displacement pumps undesirable for industrial applications, wherein variable displacement pumps are preferred instead, as they allow flow management via valves that control speed of hydraulic actuators. As the requirement for energy conservation escalates across the world, engineers at