The "Pumps in Solar Power Generation Market to 2025 by Plant Type (Linear Parabolic Trough, Power Tower, and Fresnel Plant); and Pump Type (Heat Transfer Fluid Pump and Molten Salt Pump) - Global Analysis and Forecast". The scope of study involves understanding on the factors responsible for this growth of pumps in solar power generation market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant pumps players in the market and their key developments.

Pumps in solar power generation Market to 2025 - Global Analysis and Forecast by Plant Type and Pump Type. Pumps in solar power generation market is expected to grow to US$ 987.4 million by 2025 from US$ 365.1 million in 2017. The demand for pumps in solar power generation is increasing with the growth in worldwide concentrated solar power (CSP) project installation. Pumps are foremost important component in CSP generation technology that facilitates the heating of fluid and formation of steam. This produced steam is used to run turbine and generation of electricity.

Pumps is solar power generation are witnessing high growth in their use, owing to the global increase in electricity demand, government support for the production of renewable energy, and adoption of clean energy. However, the initial set-up cost for concentrated solar power technology is high which may restrain the market growth. Whereas, significant research activities in this field is expected to reduce the overall cost of concentrating solar power plant installation.

Globally, there are around 116 concentrated solar power (CSP) plants are operational and under construction. However, few of the plants are currently under development and non-operational. These CSP plants are expected to increase the demand for number of pumps in near future. CSP systems stores thermal energy and provide power for a longer period of time even after the sun is not shining. According to the International Renewable Energy Agency, the total installed capacity of CSP at the end of 2016 was 5 GW which is expected to increase to 45 GW by 2030.  

The global pumps in solar power generation market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Europe region accounted for the largest share of the global pumps in solar power generation market in 2017, followed by North America. Spain being the key country in Europe region will lead pumps in solar power generation market in this region and also expected to continue dominance throughout the forecast period from 2018 to 2025. The key players profiled in the report are Ebara Corporation, Flowserve Corporation, Grundfos, Kirloskar Brothers Limited, KSB Se & Co. KGAA, Ruhrpumpen Group, Sulzer Ltd., The Weir Group Plc., Wilo Se, and Xylem Inc.

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 (SAM)
Brazil
Chile