Purchases of pumps by the world’s power generation industry will reach $3.5 billion this year. East Asian purchases alone will exceed $1.2 billion.
Pumps will be purchased for coal, nuclear, hydro, geothermal, concentrated solar and combined cycle gas turbine plants. Coal-fired generators will purchase more than operators of the other technologies combined. In the U.S., there will be a substantial market created by new combined cycle gas turbine plants.
This is the latest forecast in the McIlvaine Pumps World Markets report