The outlook for the pump market is $ 49 billion ten years later
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The world's pump market will now from less than 30 billion US dollars per year / year to 2016 years of 49 billion US dollars / year.
When the world's GDP in the next decade only 4% annual growth rate, the pump market will also be an annual growth rate of 5%. Although this growth is limited to certain regions and sectors such as European basic industries (steel, chemicals, papermaking), and only 1% to 2%. McIlvaine has made this growth forecast mainly based on several major aspects, including: new energy, Asian urbanization and water infrastructure investments.
Pumps play an increasingly important role in oil and gas production, refining and power production. The lack of oil and gas led to a huge investment in fuel alternatives. At Alberta, the new tar sands plant needs more than $ 50 million annually. Synthetic fuel projects, including coal liquefaction, will boost pump products to sell hundreds of millions of dollars a year. The use of liquefied natural gas instead of conventional gas will have an important impact on the investment of liquefied sites, including liquefied gas canned transport, as well as gasification of the destination. Coal-based plants are derived from the use of a variety of pump products including large pressure services such as steam cycling, water and wastewater treatment. China and the United States will be the biggest purchasers. Ethanol plants need pumps to deliver water and treat cereals and carbohydrate crops into fuels. In the next decade, hundreds of such factories will be built.
The urbanization process in Asia has brought hundreds of millions of people from the countryside to the city. This will create a huge infrastructure needs, including drinking water transport, medical facilities and wastewater treatment and other fields. The rapid growth of the Asian pump market will help to invest heavily in paper, chemicals, steel and other basic industries.
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The most important factor contributing to the advancement of the pump industry is the steady increase in supply of non-polluting water. We increasingly need to use this limited resource through remediation of contaminated groundwater, desalination of seawater and other means of coping. Asia is less likely to use water than other continents and will require more water to be processed and transmitted. Therefore, about half of the pump valve investment will come from the Asian region.