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Pumps in Solar Power Generation Market Growing Technology Trends and Business Opportunities by 2025

(, March 07, 2019 ) 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.

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The List of Companies

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

Linear parabolic trough is leading segment, whereas power tower plant type technology is growing rapidly across the globe. According to the article published by the German Aerospace Center (DLR) in 2012, the number of operating power tower plants were accounted for 3.5%, however, under construction power tower plants accounted for 17.9% during the same year.

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.

Europe is one of the prominent regions in Pumps in Solar Power Generation Market which is contributing to the highest revenue globally due to constantly rising electricity demand in this region and increased in installation of CSP projects mainly in Spain. Along with this, European government has taken the initiative for cost-effective power generation and distribution due to rise in electricity & energy prices. Such initiative helps the production of electricity through renewable energy sources and aims to produce completely decarbonized electricity generation by 2050.

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The Insight Partners

Sameer Joshi


Source: EmailWire.Com

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