Future Water Pumps in Power Industry Market: Key Dynamics, Size & Share Analysis
The Global Water Pumps in Power Industry size was valued at around USD 4.12 billion in 2024 and is projected to reach USD 4.52 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 1.9% during the forecast period, i.e., 2025-30. The rise in the global energy demand and increasing focus on the use of renewable energy are some major growth factors. Also, the global environmental regulations and technological advancements in the field are further pushing the market demand. To meet the rising energy needs in various countries, multiple investments are being made in the power generation capacity as well as infrastructure development. Globally, numerous power plants like; Lincoln Combustion Turbine Station (US), CPV West Virginia CCGT Plant (US), Gersteinwerk Combined Cycle Power Plant (Germany), Bramsche Gas Fired Power Plant (Germany), and others are being constructed that require efficient water pumping solutions for cooling, boiler feed, and water circulation.
Top Market Challenges Impacting the Water Pumps in Power Industry Market Growth
Growing demand for Nuclear Power – As a part of the long-term energy strategies, many countries like Russia, India, China, and several other European countries are investing heavily in nuclear power. These power plants require sophisticated water pumps for cooling reactors, managing heat transfer, and supporting the broader water circulation system. With the expansion of nuclear power capabilities by the countries, the demand for high-quality water pumps increases. For instance; the government of India announced the construction of 10 new reactors in Gujarat, Rajasthan, Tamil Nadu, Haryana, Karnataka, and Madhya Pradesh to increase India's nuclear power capacity from 7,480 MW to 22,480 MW by 2032. Water management in these nuclear plants is critical and complex requiring advanced pumps for safety and efficiency. The growing investments in nuclear plants will further derive the water pump industry in the power industry in the future as well.
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Understanding the Core Segments in the Water Pumps in Power Industry Market
Water Pumps in Power Industry Market Size, Share & Industry Trends Analysis- By Type (Centrifugal Pumps [Overhung Pumps, Split Case Pumps, Vertical Pumps, Submersible Pumps], Positive Displacement Pumps), By End-User (Thermal Power Plants, Hydro Power Plants Solar Power Plants Geothermal Power Plants Wind Power Plants), By Region (North America South America Europe The Middle East & Africa Asia-Pacific) and Others.
Geographical Analysis of the Water Pumps in Power Industry Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Who Dominates the Water Pumps in Power Industry Market Insights on Key Industry Players?
Companies are strengthening their presence in the Water Pumps in Power Industry market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Grundfos
- Sulzer Ltd.
- Xylem Inc.
- Flowserve Corporation
- KSB SE & Co. KGaA
- Weir Group
- Wilo SE
- Pentair PLC
- ITT Inc.
- Torishima Pump MFG. Co. LTD.
- PSG Dover
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