Seawater cooling pumps are mainly used for circulation of sea water aboard for various applications. These are situated in heat exchangers onboard ships for cooling of the machineries. The main propulsion and auxiliary machineries including generator, engine, gearbox, etc. generates large amount of heat. Seawater from depths is utilized for cooling of these systems.
Seawater cooling pumps takes suction from sea chest and injects the chilled water overboard. The cooling system on a ship can be comprised of two or three seawater cooling pumps. These pumps are very vital for the operation of vessel. They are also used for other services such as air conditioning, freezers, etc. Seawater cooling pumps have wide range of applications in marine and offshore industry.
The two major types of seawater cooling pumps are seawater injection pumps and seawater lift pumps. Seawater injection pumps are used at offshore platforms for injecting raw sea water with high pressure into the reservoir to increase its pressure. Whereas seawater lift pumps are installed on a vessel and used to lift chilled water from sea chest so as to use that water for various applications onboard.
The global Seawater cooling pumps Market is experiencing significant growth with the growing population, increase in number of ship building and replacement of old pumps.
The global seaborne trade is continuously increasing owing to the cost effectiveness and large capacity of goods transport which is resulting in increasing demand for cargo ships and passenger ships.
Rising shipbuilding activities coupled with retrofitting, upgrades and replacement of ageing components in existing offshore fleet is propelling the growth in demand for sea water cooling pumps over the forecast period. Furthermore, growing number of offshore oil and gas activities and are also fueling the growth of seawater cooling pumps market.
Government authorities across the world, especially in countries from Middle East region are significantly investing for improvement in freshwater sources by establishing new and expanding old desalination plants. Attributing to the escalation in demand for seawater cooling pumps.
Usually, saltiness of the seawater causes corrosion in metallic seawater cooling pumps resulting in requirement for maintenance. However, In order to overcome this challenge manufacturers are focusing on use of cost effective alternative metals having corrosion resistance.
Various end-user industries, particularly oil & gas and chemicals, are undertaking refurbishment activities of their plants and various pumping systems in order increase production efficiency. This is expected to create a surge in demand for seawater cooling pumps.
Asia Pacific is expected to account for leading share in the global seawater cooling pumps market owing to the presence of major shipbuilding industry in the countries from the region such as China, Japan and South Korea. Middle East and Africa market is projected to witness highest growth rate over the forecast period.
The growth of seawater cooling pumps is attributable to increasing number of desalination plants to satisfy the requirement of freshwater in the region.
North America and Europe have witnessed significant growth in seaborne trade in the recent years which will drive seawater cooling pumps and this growth is expected to persist over the forecast period. Attributing to this the regions are expected to have significant share in the global seawater cooling pumps market over the forecast period.
The research report presents a comprehensive assessment of the seawater cooling pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the seawater cooling pumps market segments such as geographies, pump type, flow rate and end use.
The global seawater cooling pumps market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The global seawater cooling pumps market report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The global seawater cooling pumps market report also maps the qualitative impact of various market factors on market segments and geographies.
The global seawater cooling pumps market analysis can be segmented by pump type, by flow rate, and by end use.
On the basis of pump type, global seawater cooling pumps market is segmented as:
On the basis of flow rate, global seawater cooling pumps market is segmented as:
On the basis of end use, global seawater cooling pumps market is segmented as:
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