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RCEP Will Be the Biggest Power Plant Pump Market

The Trans-Pacific Partnership (TPP), which has been renamed the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), is currently involved in a free trade deal known as the Regional Comprehensive Economic Partnership (RCEP). The partnership involves ten members of ASEAN and its six dialogue partners. If the deal succeeds, RCEP will become the world’s largest trading bloc, accounting for 3.4 billion people with a total Gross Domestic Product (GDP) of $49.5 trillion. It has been forecasted that the coal fired power will remain the largest purchasing segment in the world power industry over the next five years. It is not surprising, therefore, that most of the pump purchases in RCEP power plants will be for the coal fired generation. China has installed over 900,000 MW of FGD systems. Other countries in RCEP are projected to require another 400,000 MW of new and retrofit systems, which will ultimately drive the pump business further.

Revision Date:  12/19/2018

Tags:  221112 - Fossil Fuel 化石燃料, Pump, Pump Engineer, China

Coal Fired Boiler Pump Repair and Replacement Market

Coal fired boiler pump forecasts can be determined for the largest purchasers who purchase most of the pumps.

Revision Date:  9/5/2018

Tags:  221118 - Other Electric Power , Pump, Pump Engineer