Power Generation Pumps Market Growth Driven by Growing Energy Requirements

Posted on 2019-07-02 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ — The report on the power generation pumps market offers forecast and key insights on the market. The report also provides data and information on all the major factors playing an important role in the growth of the power generation pumps market. The study also includes market dynamics like the key trends, challenges, opportunities, and drivers.

The main objective of the report on the power generation pumps market is to provide exclusive information on the power generation pumps market, enabling the key players as well as new entrants to plan business strategies. Information on the growth opportunities in the power generation pumps market is also included in the report.

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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.

The report on the power generation pumps market provides an in-depth analysis of the market based on key segments. The power generation pumps market is segmented on the basis of capacity, product type, and power type. The market is further bifurcated into sub-segments.

Market Structure

Based on the capacity, the power generation pumps market is segmented into Small (up to 500 gpm), Medium (500-1000 gpm), and High (Above 1000 gpm). On the basis of product type, the market segment includes centrifugal pumps, reciprocating pumps, and rotary pumps.

Based on the power type, the power generation pumps market is segmented into Coal/Oil, Combined Cycle Gas, Hydroelectric, and Nuclear.

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 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.

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