NEWS RELEASE FEBRUARY 2014
Municipal Water and Wastewater Pump Sales Will Exceed $14 Billion This Year
Operators of municipal drinking water plants and wastewater treatment plants will spend $14 billion for new pumps in 2014. This is the conclusion reached in Pumps World Market published by the McIlvaine Company.
More than 50 percent of the municipal sales will be in Asia. This is due to the large infrastructure expansion which is, in turn, a function of the rural to city migration patterns. The oil, gas and refining industries will spend more than $4 billion this year. This is one of the few sectors where the U.S. growth will be robust. Certain of the pumps used for hydraulic fracturing are still in short supply.
The power sector sales will be primarily in Asia due to the construction of coal-fired power plants. New gas turbine capacity in the U.S. with pumps for inlet fogging, condensate cooling, boiler feedwater treatment and even zero liquid discharge will create a substantial market as well.
Pump expenditures in the chemical industry will be up this year in all regions. In Asia, the expenditures will be related to the desire to build chemical plants near the consumer. In the U.S., a number of new chemical plants are underway due to the low cost of energy. Europe, on the other hand, will not benefit from either increased consumer demand or low energy cost.
Pumps for semiconductor and pharmaceutical applications must be manufactured from materials which will not contaminate the liquids being transported. The big market for pumps for ultrapure water in semiconductor applications will be in Taiwan, Japan, China, Japan and South Korea.
For more information on Pumps World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019