Global Nuclear Condensate and Feed Water Pump Market Analysis and Forecasts to 2015
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- (1888PressRelease) March 25, 2011 - "Global Nuclear Condensate and Feed Water Pump Market Analysis and Forecasts to 2015" is the latest research from GlobalData. This report provides comprehensive information on the market size of condensate and feed water pumps used in the nuclear power generation facilities, both at a regional and global level. The major condensate and feed water pump types which are included in the study are used in pressurized water reactors, pressurized heavy water reactors, light water graphite reactors, gas cooled reactors, fast breeder reactors and the boiling water reactors. Condensate and feed water pumps play a crucial role in supplying the condensate or water to the steam generators or to the reactor in the case of the boiling water reactors. These pumps play a significant role in the power generation in nuclear power facilities.
Europe and Asia Pacific to Play Key Roles in the Condensate and Feed Water Pump Market
The European and Asia Pacific regions are expected to show strong demand for nuclear condensate and feed water pumps during the forecast period 2009-2015. Europe is a key market for the condensate and feed water pump industry as many of the existing reactors as well as new reactors will require condensate and feed water pump replacement. During the period 2009-2015, the European region is expected to show the highest demand for a total of 354 condensate and feed water pump units followed by the Asia Pacific region with 285 units and the North American region with 165 units. The increased demand from these regions will result in a sustained growth of the nuclear condensate and feed water pump market.
Cumulative Demand for Condensate and Feed Water Pumps, by Region, 2009-15
Source: GlobalData
Nuclear Condensate and Feed Water Pump Market to Show Decline in the Revenue Growth during 2009-2015
Year-on-year demand for condensate pumps around the globe will decrease from 117 units in 2009 to 36 in 2015, showing a negative average annual growth rate (AAGR) of 19.64 % during this period. This market is expected to reach $38.52 m in 2015, declining at an AAGR of 14.79% between 2009 and 2015. The global estimated demand for feed water pumps will decrease to 18 units by the end of 2015 compared to the 2009 estimate levels of 51 units. The value for feed water pumps is expected to reach $14.4 m in the year 2015. Major demand for condensate and feed water pumps during the period 2009-2015 will be from the replacement market.
Nuclear Industry Expansion to Spur the Long term Growth of the Condensate and Feed Water Pump Market
Demand from new and existing nuclear power stations is set to drive the condensate and feed water pump market. There are 43 new reactors expected to come online during the period 2009-2015, which indicates a growth in demand for nuclear condensate and feed water pumps worldwide. There will also be demand for condensate and feed water pumps in the replacement market as many of the existing reactors will require replacement once they complete 20-25 years of operational life. In the long term most of the demand for the condensate and feed water pumps will be primarily due to many new reactors in the nuclear power producing countries as well as the potential nuclear industry development in emerging nuclear countries.
Key Players to Benefit from Condensate and Feed Water Pump Market Growth
Leading players such as Flowserve Corporation, Sulzer Pumps, Mitsubishi Heavy Industries Ltd are set to benefit from the growth within the condensate and feed water pump market. Europe has some of the major nuclear industry companies, as this region has the largest number of operating nuclear reactors in the world. These major players will be the potential beneficiaries of the high demand for nuclear condensate and feed water pumps because of their better capabilities and long standing experience in this market. For more details, please visit http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=10005
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