Boiler Feedwater Pump Market Size, Share, and Industry Analysis, By Type (Horizontal Pump Vertical Pump), By Application (Power & Energy Industrial Application), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Boiler Feedwater Pump Market Report Overview

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The global boiler feedwater pump market size is expected to be USD 658.9 million in 2022 and is projected to touch USD 1013.38 million by 2031, exhibiting a CAGR of 4.9% during the projected period.

This pump is responsible for delivering feed water toward the steam boiler. The feed water is either newly supplied water or condensation water from the boiler. Heating converts the feed water into steam. Whenever the steam power or energy is depleted, it is decided to dump into the condenser. The compressed water is returned to the feed tank, where it returns to the boiler to complete the cycle. The feed water never is released into the environment. For boiler operation, feed water is required. It must maintain a constant supply of feed water towards the boiler. A feed pump keeps the boiler from overheating and causing damage. The boiler pump is an important component of the boiler feedwater system. Pumps are typically high-pressure units because suction is obtained from the compressor return.

COVID-19 Impact: Supply and Lockdown Hindrances to Downswing Market Advancement

The global COVID-19 pandemic has been unprecedented and staggering, with boiler feedwater pump lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The impact of the covid -19 pandemic has stemmed in the disrupted development and launch of boiler pump and propulsion systems, a slowdown in key player operations, and a component shortage. The pandemic has caused supply chain disruptions, causing the production to be delayed. The industrial sector has evolved to be an essential part of various countries' supply chains, and the Covid-19 disease outbreak had a significant impact on it. The power and energy sector is reliant on maintaining, which was halted to protect individuals from SARS-CoV-2, posing significant challenges. Component shortages caused by regulations governing goods import and export have also delayed the production and start-up of boiler feedwater pump market.

Despite the government's efforts to enhance economic circumstances, the power and energy industry is expected to grow significantly in the coming years.

LATEST TRENDS 

"Handling High Temperature Factor of the Machine to Enhance Market Growth "

Steam is produced by boilers. Pumps sometimes used pump boiler feedwater seed 230 °F water on a regular basis, but temperatures can reach 400 °F based on the boiler's requirements.

At an atmospheric pressure of 212 oF (100 oC), feedwater is converted into steam. However, in boilers, feedwater must be between 225°F (107.22°C) and 250°F (121.11°C). To cater a sudden rise in temperature, boiler feed pumps must be able to withstand the highest temperature and more.

Boiler Feedwater Pump Market Segmentation

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• By Type

Based on type; the market is divided into horizontal pump, vertical pump

Horizontal pump type is the leading part of the type segment.

• By Application

Based on the application; the market is divided into power & energy, industrial application

Power & energy are the leading part of the application segment.

DRIVING FACTORS

"Machine Capability to Withstand Pressure to Assist Market Development"

The equipment uses high pressure to transport water into boilers. As a result, a boiler feedwater pump is created to withstand exceptionally high-water pressure in order to deliver feedwater further into boiler system. A boiler feedwater pump can typically handle pressures of up to one hundred bar. In most cases, a certain amount of pressure is required for the operation of the boiler. It is critical that the boiler feedwater pump can meet this requirement. The RSV in-line vertical pump from Carver Pump can manage high-pressure requirements for boiler feed activities, sprinkler systems, washdown frameworks, and water treatment plant processes. Therefore, the further technological advancements in carver pump will assist the expansion of the boiler feedwater pump market.

"Usage of Vertical Pump to Strengthen Market Share "

The RSV boiler feed pump from Carver Pump is an in-line vertical pump that is perfect for specific application and high-pressure applications. It is extremely adaptable to different systems and is intended to take up a small installation footprint. Its design allows it adaptable to a variety of applications. The RSV possesses hydraulic circulation of up of about 400 GPM and a TDH of 830 feet. It also includes ANSI R.F. flanges to prevent leaks. It is made of high-quality stainless steel, from the outer casing to the impeller and shaft. Furthermore, entirely voluntary piping links are available to meet the needs of the operation.

RESTRAINING FACTORS

"Complex Maintenance Factors to Deplete Market Growth  "

Temperature, force, fluid velocity, and sometimes even feedwater suitability can all have an impact on the boiler feedwater pump. Pump maintenance is critical to keeping it in good working order and extending its life. Monitoring vibration, bearing temperatures, and ensuring good quality oil are all part of maintenance. When it comes to boiler feedwater pumps, different companies have different servicing protocols. If one wants the boiler system to run smoothly, he must also keep the boiler feedwater pumps in good working order are the boiler feedwater pump market restraints. Furthermore, during the anticipated period, the boiler feedwater pump market share is anticipated to be hindered by difficult installation procedure and the maintenance cost and procedures.

Boiler Feedwater Pump Market Regional Insights

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"Increase Utilization by Industries to Foster Market Growth in North America "

In North America boiler feedwater pump market growth is expected to grow significantly over the forecast period. This can be attributed to an increase in demand for the machinery or equipment in the newly developed areas. Furthermore, an increase in opportunities in the power and energy projects, accompanied by an increased utilization in industrial application, is expected to boost the boiler feedwater pump market share within the region in the coming years.

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the health diaphragm valves market share features, and market growth by type, industry, and customer sector.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

List of Market Players Profiled 

• KSB (Germany)
• Grundfos (Denmark)
• Flowserve Corporation (U.S.)
• Ebara Corporation (Japan)
• Sulzer (Switzerland)
• DESMI (U.S.)
• SanChang Pump (China)
• MTH Pumps (U.S.)
• Speck (U.S.)
• Shipco Pumps (U.S.)
• Roth Pump (U.S.)
• Zoomlian Pump (China)
• Carver Pump (U.S.)
• CNP Pumps India (India)

REPORT COVERAGE

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.

The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.

If the significant competitors or the predicted assessment of market dynamics change, the analysis would need to be updated. In terms of production, this study looked at consumption, manufacturing, annual growth, and share prices of manufacturers. It also delivers detailed information and cutting-edge assessment required to create an ideal strategic plan and outline the best path for speedy growth for all industry participants. With this knowledge, participants will be better able to build new strategies are focused on market prospects that would benefit them, thereby rendering their company ventures successful.