Published by maria gbaf
Posted on November 9, 2021
The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4 million 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.
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Demand for centrifugal pumps is expected to increase in the Asia Pacific region, especially in China, India, and Japan. Rising demand for power supply and favorable government policies are driving the demand for power generation pumps.
The demand for power generation pumps is likely to grow significantly in coal/oil power plants with demand expected to exceed 1.4 million 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.
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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 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 million 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.
Full Access of this Report Is Available At https://www.factmr.com/checkout/2430
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.
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.
For More Insights https://www.accesswire.com/637438/Menopause-Wellness-Can-be-a-US5-Billion-within-a-Decade-Study
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in the US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4 million 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.
Request for a Sample https://www.factmr.com/connectus/sample?flag=S&rep_id=2430
Demand for centrifugal pumps is expected to increase in the Asia Pacific region, especially in China, India, and Japan. Rising demand for power supply and favorable government policies are driving the demand for power generation pumps.
The demand for power generation pumps is likely to grow significantly in coal/oil power plants with demand expected to exceed 1.4 million 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.
Connect to An Expert https://www.factmr.com/connectus/sample?flag=AE&rep_id=2430
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 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 million 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.
Full Access of this Report Is Available At https://www.factmr.com/checkout/2430
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.
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.
For More Insights https://www.accesswire.com/637438/Menopause-Wellness-Can-be-a-US5-Billion-within-a-Decade-Study
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in the US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
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