BWT Systems, Scrubbers, Spur Pump Market
World pump market worth US$ 45-billion, now increased by maritime needs for BWT, engine exhaust gas scrubbers
World Pumps draws attention to the latest forecasts in McIlvaine Co’s Pumps: World Markets report, which forecasts that East Asia will account for more than 33% of the market in 2017, driven by new infrastructure and heavy industrial spending.
McIlvaine believes that the ocean will play an increasing role in the pump market. New regulations for ballast water treatment and scrubbing of vessel stack emissions will boost the sales of pumps for existing and new vessels, while expanded production of oil and gas from subsea sources will require many large and expensive pumps.