Increased Global Reliance on Nuclear Power Generation Drive up Demand for Canned Motor Pumps
Jan 8, 2020
Globally, investments in chemical sector are on the rise, with production continuing to scale newer heights. Thus sales of canned motor pumps will skyrocket in the chemical sector.
Rockville, United States - January 8, 2020 /MarketersMedia/ —
Canned motor pumps are cutting edge centrifugally operated pumps, which run with electric motors, which are sealed hermetically, while being mounted on a single shaft. In turn, this gets rid of the need for conventional mechanical seals. Canned motor pumps make use of a rotating assembly which is completely immersed in fluids, while the stator and rotor is isolated from the liquids which are being pumped.
Fact.MR projects that in the end-use segment, the chemical industry will contribute about 20% of value share throughout the forecast period, which will propel the global canned motor pumps market to a valuation of about US$ 6 Bn by 2029 end.
Major Manufacturers Opt for Reverse Circulation Pumps
Some of the major manufacturers in the canned motor pumps market include names such as Honda Motor Co., Subaru Corporation, Yamaha Motor Co., Briggs and Stratton Corporation, Champion Power Equipment, Toshiba Corporation, and the Hyundai Motor Company among others.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=382
These companies have been witnessing most of the demand coming from chemical industries, which have become primary end users for such equipment. The high resistance to chemical influence, and effective pumping mechanism are key drivers behind rising adoption. Similar factors have also made canned motor pumps popular among the wastewater industry.
Of the various types of canned motor pumps, reverse circulation pumps have become the most dominant and commonly used variant, owing to the wide range of end use applications. However, higher efficiency in operations has made multi-stage pumps popular and is projected to gain a higher rate of growth.
Applications in Nuclear Power Generation Plays Major Growth Role
With the growing emphasis on climate change mitigation, countries around the world are increasingly considering increased adoption and installation of nuclear power generation, with the aim of cutting down emissions of carbon dioxide, meeting the rising demand for electricity, in addition, to the growing demand for strategic independence.
Read Report Overview- https://www.factmr.com/report/382/canned-motor-pumps-market
This is especially true of emerging economies such as India and China who have been increasing their efforts towards the development of nuclear energy sources and equipment. Nuclear energy is also one of the more widely used sources of electricity across Europe, and this trend is incrementally spreading around the world.
On the other hand, the hazardous nature of the radioactive material requires adequate safeguards. Conventionally, such protective systems involved the use of centrifugal pumps. However, this equipment carries a higher risk of leakage. Consequently, canned motor pumps have become the option of choice, which is expected to keep growing as the use of nuclear power goes up.
Leak Proof Properties Increase Adoption in Petrochemical Installations
The energy density of fuels such as petrol, makes it a widely used material in a range of end use industries. On the other hand petroleum also attracts criticism for its impact on the environment from spills, emissions, and degassing processes, which has been a major issue by regulatory bodies. Therefore, the leak proof nature of canned motor pumps is expected to gain demand in these industries.
Request Research Methodology- https://www.factmr.com/connectus/sample?flag=RM&rep_id=382
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Info:
Name: James Hilton
Email: Send Email
Organization: Fact.MR
Website: https://www.factmr.com/
Source: MarketersMedia
Release ID: 88941870
More News
Flyovers and Pandas Masked Divides in Trump and Xi’s U.S.-China Summit
President Trump pressed his personal brand of diplomacy as President Xi Jinping of China made his first trip to the White House in more than a decade.
Dining With A.I. Moguls, Billionaires and Xi Jinping, Trump Went Off Script
Altman. Musk. Huang. Bezos. They all came to the White House Thursday night, though you might not have seen it on TV.
Xi Jinping Didn’t Bring a CEO Entourage. What That Says About China-US Relations.
American chief executives turned out in force to see Xi Jinping, while their Chinese counterparts were absent, a sign of how drastically business ties have changed.
China to Send Pandas to Zoo Atlanta, Xi Says
Xi Jinping, China’s leader, said two pandas would arrive soon at Zoo Atlanta. Panda diplomacy has been a cornerstone of U.S.-China relations.
Mongolia’s New Government Set Ambitious Goals. But Are They Realistic?
Data centers, the Sovereign Wealth Fund, and a hydropower plant – will any of it better the lives of Mongolian people?
From Idols to KOICA: South Korea’s Disaster Support for Nepal
Pop star donations and state aid work together to give Seoul a durable bond with Nepal.
China’s Visibility Gap Around the Trump-Xi Summit
Xi’s U.S. visit was extensively covered by official outlets. It's much harder to gauge public opinion or even interest.
North Korea’s Ukraine POWs Are Now in South Korea. What Comes Next?
Both the South Korean government and the two former soldiers face an unprecedented resettlement process.
China’s Truce With Trump Buys It Valuable Time
Easing tensions with Washington gives Beijing room to tackle economic troubles at home while reducing its vulnerability to American pressure.
At State Dinner for China’s Leader, Melania Trump Wears the Pants
And possibly makes history while doing so.
The Militarization of Outer Space: Chinese Infrastructure in the Global South
Projects developed within bilateral frameworks could form an international infrastructure that provides China with operational advantages in space.
Japan says Trump voiced concern over weak yen in summit with PM Takaichi
US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan’s Finance Minister Satsuki Katayama said on Friday, offering an unusually detailed account of the leaders’ talks on currencies. “At the recent Japan-US summit meeting, President Trump expressed concern about the yen’s weakness,” Katayama said at a regular news conference, adding that she was disclosing the exchange for the first time after consulting with the Prime...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.