Rotary pumps, centrifugal pumps, and reciprocating pumps are the type of pumps used in the power generation process. Power plants require a reliable flow for raw water intakes, condensation, cooling water, auxiliary water, and makeup water; also, power plants have wastewater streams that need to be handled. Thus, the rising requirement of pumps for several tasks in power plants which fuels the growth of the power generation pumps market. Moreover, the continuously growing demand for high-performance power generation pumps, leading to operations efficiency and improving power system flexibility, also increases the demand for the power generation pumps market.
MARKET DYNAMICS
The rise in replacements or retrofit of power plant pumps in order to minimize the downtime and maximize the performance is likely to fuel the growth of the power generation pumps market. However, high installation and maintenance cost of pumps is the key hindering factor for the power generation pumps market growth. Further, rising energy demand across the globe results in the increasing investment in power generation plants that are expected to influence the power generation pumps market growth in the coming years.
MARKET SCOPE
The "Global Power Generation Pumps Market Analysis to 2028" is a specialized and in-depth study of the power generation pumps industry with a special focus on the global market trend analysis. The report aims to provide an overview power generation pumps market with detailed market segmentation as product type, capacity, power type, and geography. The global power generation pumps market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power generation pumps market players and offers key trends and opportunities in the power generation pumps market.
MARKET SEGMENTATION
The global power generation pumps market is segmented on the basis of product type, capacity, power type. On the basis of product type the market is segmented as centrifugal pumps, reciprocating pumps, rotary pumps. On the basis of capacity the market is segmented as low, medium, high. On the basis of power type the market is segmented as coal/oil, combined cycle gas, hydroelectric, nuclear.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Power generation pumps market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power generation pumps market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting power generation pumps market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the power generation pumps market in these regions.
MARKET PLAYERS
The reports cover key developments in the power generation pumps market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from power generation pumps market are anticipated to lucrative growth opportunities in the future with the rising demand for power generation pumps in the global market. Below mentioned is the list of few companies engaged in the power generation pumps market.
The report also includes the profiles of key power generation pumps companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ANDRITZ Group
- Flowserve Corporation
- General Electric Company
- KSB SE & Co. KGaA
- LEWA GmbH
- Mitsubishi Heavy Industries, Ltd.
- Ruhrpumpen Group
- Sulzer Ltd.
- Xylem Inc.
- ITT, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.