The power industry has been on a spending spree for new coal-fired power plants. Led by China this spree has finally peaked but will remain at a high level thanks to India, Vietnam and Indonesia which are embarked on ambitious programs. Total purchases of pumps by the power industry will grow modestly from $3 billion this year to $3.2 billion in 2020. Centrifugal pumps will account for two-thirds of the purchases. Eighty percent of the pump purchases for the power industry will … Click Here For Complete News Release Text
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