Press release
Boiler Feed Pump Market: Comprehensive Analysis of the Development Factors in the Industry 2018 – 2026
Boiler Feed Pump Market
Boiler feed pumps are a category of feed pumps used for supplying feed to industrial process boiler (i.e. water, oil, chemicals and other fluids) as well as in marine, nuclear reactor and steam generator in power generation. Boiler feed pumps are available in various types in the market. Depending on the capacity, the boiler feed pumps available in the market are high capacity boiler feed pumps and low capacity boiler feed pumps.
The high capacity boiler feed pumps have capacities above 100 m3/hr and are used in marine and industrial applications. The low capacity boiler feed pumps have capacities below100 m3/hr and are used in the desalination, boiler feed, closed loop HVAC circulation, swimming pool recirculation and many other applications.
Based on the operating principle type, the boiler feed pumps are categorized as centrifugal and channel boiler feed pumps. The channel boiler feed pumps are generally low capacity pumps while the centrifugal boiler feed pumps are the high capacity pumps. The centrifugal boiler feed pumps are available as multistage vertical and multistage horizontal centrifugal pumps. The boiler feed pumps have a wide range of applications in the chemical, oil & gas and the pharmaceutical industries. The key application of the boiler feed pumps is to supply the feed to the industrial boilers.
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Market Dynamics
The growth of the pharmaceutical industry owing to the growing health awareness among people is expected to drive the sales of boiler feed pumps in coming years. Growth of chemical industry in the developing regions owing to the low labor cost and availability of raw material in economic price is expected to create a platform for the sales of boiler feed pumps. The midstream applications in crude oil production is expected to drive the growth of oil & gas industry which in turn is expected to aid in the growth of boiler feed pumps market.
The renewable power generation has reported a steady growth in recent years. The Y-o-Y growth of the renewable power generation was reported to be 8.3%. The growth in the power generation is thus expected to drive the sales of boiler feed pump in coming years. The growth in the aquaculture production is expected to boost the sales of boiler feed pumps in applications such as water recirculation in near future.
High maintenance and cost of boiler feed pumps is expected to retard the sales of boiler feed pumps in coming years
Market Segmentation
The boiler feed pumps market is segmented on the following basis:
Boiler feed pumps by capacity:
High (>100 m3/hr)
Low (
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