Astronishing Growth in Pumps in Solar Power Generation Market 2025 with top key venders like Xylem Inc.,Kirloskar Brothers Limited,Grundfos,Sulzer Ltd.,Flowserve Corporation,Ebara Corporation

Pumps in solar power generation market is expected to grow US$ 987.4 million by 2025 from US$ 365.1 million in 2017. The demand for pumps in solar power generation is largely influenced by number factors mainly due to the increased demand for clear energy during last few years. On the basis of plant type, linear parabolic trough is dominating the global pumps in solar power generation market in terms of both number of projects and overall global installed capacity.

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The major manufacturers covered in this report:

Xylem Inc.,Kirloskar Brothers Limited,Grundfos,Sulzer Ltd.,Flowserve Corporation,Ebara Corporation,The Weir Group PLC,KSB Pumps Ltd.,Wilo SE,Ruhrpumpen Group

The competitive dynamics in the pumps in solar power generation market is expected to change during the coming years with the entry of new players. Majority of the companies in this market are located in the North America region as well as in the Europe. However, there is significant presence of market players in the developing countries particularly in Asia-Pacific.Currently, high demand for these pumps is noticed in developed regions such as Europe and North America owing to the high number of concentrated solar power (CSP) systems in these regions, however, developing economies such as Asia-Pacific and Middle East are also witnessing an increase in the installation of these pumps. Spain, United States, China, India, and South Africa hold substantial global market share, Spain being on the first position.

On the basis of pump type, molten salt pumps are the most preferred pumps which are extensively used for heat storage as a primary heat transfer fluid in concentrating solar power plant owing to their high specific heat capacity. Molten salt enables the production of electricity even after sun set with a prolonged operation period of up to 6-8 hours. Thus, this efficient storage of heat for longer period of time makes them suitable for CSP systems.

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For more clarity on the real potential of the Pumps in Solar Power Generation market for the forecast period 2017-2025, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.

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The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2017-2025? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Pumps in Solar Power Generation market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Pumps in Solar Power Generation market?
4. What are the prominent market trends influencing the development of the Pumps in Solar Power Generation market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Pumps in Solar Power Generation market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Sameer Joshi
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