Report projects global power industry to purchase $3.5 billion in pumpsJanuary 31, 2012
As you know, pumps are big business. And the power industry is no exception. The McIvaine Pumps World Market report projects that pump purchases by the power industry will reach nearly $3.5 billion this year. The forecast puts the bulk of those purchases in East Asia, followed by West Asia and Western Europe.
The pumps will be used in a range of power generating facilities including coal, nuclear, hydro, geothermal, concentrated solar and combined cycle gas turbine plants, according to the McIvaine report. But coal-fired generators will constitute the bulk of the purchases, in fact the operators of coal fired plants are predicted to buy more pumps than all the other technologies combined. In the U.S., new combined cycle gas turbine plants should create a substantial market for pumps.
The power industry's pumping requirements are impressive. Globally, the industry extracts more than ten times the water as municipalities. Pumps come into play at various points in the process, especially as water is moved from the source to cooling towers.
McIvanie reports that centrifugal pumps will do most of the work, accounting for more than two-thirds of this year's projected pump purchased. Rotary pumps, diaphragm pumps and reciprocating pumps make up the rest of the purchases.