Market Size of Steam Generation Water Pumps Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.95 Billion |
| Market Size (2029) | USD 11.05 Billion |
| CAGR (2024 - 2029) | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Steam Generation Water Pumps Market Analysis
The Steam Generation Water Pumps Market size is estimated at USD 8.95 billion in 2024, and is expected to reach USD 11.05 billion by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).
• Over the medium period, increased government investment in establishing water treatment infrastructure and increased power generation using steam is expected to drive the market in the forecast period.
• On the other hand, the emissions regulations, high capital and operations costs, and government renewable energy targets are expected to hinder the market in the forecast period.
• Nevertheless, technological advancements in steam-generation water pumps are expected to create future market opportunities.
• Asia-Pacific is expected to dominate the market in the forecast period.
Steam Generation Water Pumps Industry Segmentation
Steam Generation Water Pumps are a particular class of high-pressure centrifugal pumps used in many different models and sizes in many different plants, units, and production facilities.
The steam generation water pumps are segmented by type and Geography. The market is segmented by type into boiler feed pumps, circulation pumps, steam condensate pumps, and Others. The report also covers the market size and forecasts for the major regions of the steam generation water pump market. The market sizing and forecasts were made for each segment based on revenue (USD).
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Steam Generation Water Pumps Market Size Summary
The steam generation water pumps market is poised for growth, driven by increased government investments in water treatment infrastructure and a rising demand for power generation using steam. Despite challenges such as emissions regulations and high operational costs, technological advancements in pump design are expected to open new opportunities. The market is characterized by the need for high-temperature and high-pressure multi-stage pumps, particularly in power plants, to meet the growing energy demands fueled by urbanization and population growth. The Asia-Pacific region is anticipated to lead the market, supported by rapid economic development and significant infrastructure projects that boost energy consumption.
In the context of power generation, boiler feed pumps play a crucial role by supplying steam generators with the necessary feed water. The construction of new combined-cycle plants and the increasing power consumption underscore the importance of these pumps in the market. Key players such as Sulzer Limited, Thermax Limited, and Mitsubishi Heavy Industries Ltd. are actively involved in the market, with initiatives like Mitsubishi Power's contract for gas turbine combined cycle power plants in Japan highlighting ongoing developments. The market's partial fragmentation suggests a competitive landscape, with companies striving to innovate and meet the evolving demands of the steam generation water pumps sector.
Steam Generation Water Pumps Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2029
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Increased Government Investment in Establishing Water Treatment Infrastructure
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1.5.1.2 Increase in Power Generation Using Steam
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1.5.2 Restraints
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1.5.2.1 The Emissions Regulations, High Capital and Operations Costs
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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1.8 Investment Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Boiler feed pump
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2.1.1.1 Vertical multistage inline pumps
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2.1.1.2 Multistage horizontal ring section pumps
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2.1.2 Circulation pumps
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2.1.3 Steam condensate pumps
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2.1.4 Others
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Rest of North America
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 France
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2.2.2.3 Germany
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2.2.2.4 Spain
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2.2.2.5 Russia
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2.2.2.6 Turkey
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2.2.2.7 NORDIC
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2.2.2.8 Rest of the Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 Vietnam
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2.2.3.5 Thailand
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2.2.3.6 Indonesia
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2.2.3.7 Malaysia
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2.2.3.8 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Colombia
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2.2.4.4 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 Saudi Arabia
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2.2.5.3 Nigeria
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2.2.5.4 Qatar
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2.2.5.5 Egypt
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2.2.5.6 Rest of Middle East & Africa
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Steam Generation Water Pumps Market Size FAQs
How big is the Steam Generation Water Pumps Market?
The Steam Generation Water Pumps Market size is expected to reach USD 8.95 billion in 2024 and grow at a CAGR of 4.30% to reach USD 11.05 billion by 2029.
What is the current Steam Generation Water Pumps Market size?
In 2024, the Steam Generation Water Pumps Market size is expected to reach USD 8.95 billion.
