Pumps in Solar Power Generation Market Size : Technological Advancement and Growth Analysis with Forecast to 2027
Category: #reports  By Partha Ray  Date: 2019-11-22
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Pumps in Solar Power Generation Market Size : Technological Advancement and Growth Analysis with Forecast to 2027 The 'Pumps in Solar Power Generation market' study Added by Market Study Report, LLC, provides an in-depth analysis pertaining to potential drivers fueling this industry. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies.

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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 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.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global pumps in solar power generation market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the logistics industry.

 The Key Objectives of The Report Are as Follows:

  • Define, Analyze and Forecast Pumps in Solar Power Generation Market by Product Applications, Key Players and Region.
    Forecast the Market Size with Varied Segments Concerning Main Regions 
  • Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing the Expansion of Pumps in Solar Power Generation Market.
  • Analyze the Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole Pumps in Solar Power Generation Market.
  • Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth Segments of Pumps in Solar Power Generation Market.
  • Profile the Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
  • Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in Pumps in Solar Power Generation Market.

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TABLE OF CONTENTS
1.INTRODUCTION13
1.1SCOPE OF THE STUDY13
1.2THE INSIGHT PARTNERS RESEARCH REPORTS GUIDANCE13
2.KEY TAKEAWAYS15
2.1EUROPE HOLDS THE LARGEST MARKET SHARE IN PUMPS IN SOLAR
POWER GENERATION MARKET IN 201715
2.2LINEAR PARABOLIC TROUGH IS THE LEADING SEGMENT IN 201716
3.PUMPS IN SOLAR POWER GENERATION MARKET LANDSCAPE17
3.1MARKET OVERVIEW17
3.2MARKET SEGMENTATION18
3.2.1Global Pumps in Solar Power Generation Market - By Plant Type19
3.2.2Global Pumps in Solar Power Generation Market - By Pump Type19
3.2.3Global Pumps in Solar Power Generation Market - By Geography19
3.3PEST ANALYSIS20
3.3.1North America PEST Analysis20
3.3.2Europe PEST Analysis22
3.3.3Asia Pacific PEST Analysis24
3.3.4Middle East & Africa PEST Analysis26
3.3.5South America PEST Analysis28
4.PUMPS IN SOLAR POWERT GENERATION MARKET - KEY INDUSTRY DYNAMICS30
4.1KEY MARKET DRIVERS30
4.1.1Increase in electricity demand fuelling the demand for pumps in solar
power generation30
4.1.2Government support and rise in adoption of clean energy boosting
the demand for pumps in solar power generation30
4.2KEY MARKET RESTRAINTS30
4.2.1High initial investment and capital cost for CSP plant installation30
4.3KEY MARKET OPPORTUNITIES31
4.3.1Substantial investment in R&D in order to reduce the overall project cost31

4.4FUTURE TRENDS31
4.4.1Development in CSP technology and growing number of CSP plants31
4.5IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS32
5.PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET ANALYSIS33
5.1PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET OVERVIEW33
5.2PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET AND FORECAST
TO 202533
6.PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - POWER PLANT TYPE34
6.1OVERVIEW34
6.2POWER PLANT TYPE MARKET FORECASTS AND ANALYSIS34
6.3LINEAR PARABOLIC TROUGH MARKET35
6.3.1Overview35
6.3.2Linear parabolic trough market forecasts and analysis35
6.4POWER TOWER MARKET36
6.4.1Overview36
6.4.2Power tower market forecasts and analysis36
6.5FRESNEL PLANT MARKET37
6.5.1Overview37
6.5.2Fresnel plant market forecasts and analysis37
7.PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - PUMP TYPE38
7.1OVERVIEW38
7.2PUMP TYPE MARKET FORECASTS AND ANALYSIS38
7.3HEAT TRANSFER FLUID PUMP MARKET38
7.3.1Overview38
7.3.2Heat transfer fluid pump market forecasts and analysis39
7.4MOLTEN SALT PUMP MARKET39
7.4.1Overview39
7.4.2Molten salt pump market forecasts and analysis39

8.GLOBAL PUMPS IN SOLAR POWER GENERATION - GEOGRAPHICAL ANALYSIS41
8.1OVERVIEW41
8.2NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 202541
8.2.1Overview41
8.2.2North America Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn)42
8.2.3North America Pumps in Solar Power Generation Market Breakdown by Key Countries42
8.2.3.1U.S. Pumps in Solar Power Generation Market Revenue and Forecasts

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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