Press release
Pumps in Solar Power Generation Market Analysis to 2025 by Top Competitors Flowserve Corporation, Grundfos, Kirloskar Brothers Limited, Ebara Corporation, Ruhrpumpen Group, Sulzer Ltd., The Weir Group Plc., Wilo Se, and Xylem Inc
Global pumps in solar power generation market is expected to grow from US$ 365.1 million in 2017 to US$ 987.4 million by 2025 growing at a CAGR of 13.5% from 2018 to 2025.An exclusive pumps in solar power generation market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of global pumps in solar power generation market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global pumps in solar power generation market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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Top Competitors in Pumps in Solar Power Generation Market:
1. Xylem Inc.
2. Kirloskar Brothers Limited
3. Grundfos
4. Sulzer Ltd.
5. Flowserve Corporation
6. Ebara Corporation
7. The Weir Group PLC
8. KSB Pumps Ltd.
9. Wilo SE
10. Ruhrpumpen Group
The major factors propelling the market growth for pumps in solar power generation are the government support along with the rise in adoption of clean energy and increase in research & development activities in order to reduce the overall cost of concentrated solar power projects.
Europe is the dominant region in the pumps in solar power generation market and this region is expected to continue its lead during the forecast period. Where, Spain dominated the worldwide demand for pumps with the increase in concentrated solar power (CSP) systems installation which is followed by United States. Few of the CSP plants located in the country are Termosol 2, Moron, Orellana, Palma del Rio II, and Manchasol-2. Moreover, European government's initiative for cost-effective power generation and distribution owing to the constantly rising electricity demand and its increasing prices also fueling the market growth. Asia-Pacific is expected to be the fastest growing region in pumps in solar power generation market owing to increasing focus of governments of various economies in Asia-Pacific towards renewable power generation.
The report aims to provide an overview of global Pumps in Solar Power Generation Market with detailed market segmentation. Also, it analyzes the current pumps in solar power generation market scenario and forecasts the market till 2025. The report further covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST along with the SWOT analysis for all company profiled in the report.
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The report focuses on in-depth segmentation of Pumps in Solar Power Generation Market by plant type, pump type, and regions. The geographic segmentation of this report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By plant type, linear parabolic trough plant type accounted for the largest share of the Pumps in Solar Power Generation Market in 2017, whereas Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to rise demand for pumps with the increase in installation of concentrated solar power systems.
The report segments the global pumps in solar power generation market as follows:
Global Pumps in Solar Power Generation Market- By Plant Type
Linear Parabolic Trough
Power Tower
Fresnel Plant
Global Pumps in Solar Power Generation Market- By Pump Type
Heat Transfer Fluid Pump
Molten Salt Pump
Global Pumps in Solar Power Generation Market- By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
Asia Pacific (APAC)
Australia
China
India
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
South America (SA)
Brazil
Chile
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