DUBLIN--(BUSINESS WIRE)--The "Pumps in Solar Power Generation Market to 2025 - Global Analysis and Forecasts by Plant Type, and Pump Type" report has been added to ResearchAndMarkets.com's offering.
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.
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 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.
Key Topics Covered:
2. Key Takeaways
3. Pumps In Solar Power Generation Market Landscape
4. Pumps In Solar Power Generation Market - Key Industry Dynamics
5. Pumps In Solar Power Generation Market - Global Market Analysis
6. Pumps In Solar Power Generation Market Revenue and Forecasts To 2025 - Power Plant Type
7. Pumps In Solar Power Generation Market Revenue and Forecasts To 2025 - Pump Type
8. Global Pumps In Solar Power Generation - Geographical Analysis
9. Industry Landscape
10. Competitive Landscape
11. Key Company Profiles
- Xylem Inc.
- Kirloskar Brothers Limited
- Sulzer Ltd.
- Flowserve Corporation
- Ebara Corporation
- The Weir Group PLC
- KSB Pumps Ltd.
- Wilo SE
- Ruhrpumpen Group
For more information about this report visit https://www.researchandmarkets.com/research/gxtbfl/solar_power?w=4