Market Overview:
The global pumps in solar power generation market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the rising concerns about climate change. The global pumps in solar power generation market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into heat transfer fluid pump and molten salt pump. The heat transfer fluid pump segment dominates the global pumps in solar power generation market owing to its wide applications across various industries such as residential, commercial, industrial, agricultural, and others. On the basis of application,the market is divided into residential sector; commercial sector; industrial sector; agricultural sector; and other sectors. Among these segments,the residential sector dominates due to an increase in awareness about renewable energy sources among consumers across different geographies.
Product Definition:
A pump is a device used to move fluids, such as liquids or gases. The importance of pumps in solar power generation is that they are necessary to move the fluid through the system.
Heat Transfer Fluid Pump:
The heat transfer fluid pump (HTFP) is used to move thermal energy from one place to another. It is a mechanical device that extracts or injects fluids at high temperatures. HTFP pumps are widely used in solar power plants for the purpose of moving heat from one medium to another, thus making it an essential component of any solar thermal plant.
Growing demand for renewable sources of energy.
Molten Salt Pump:
Molten salt pumps are used to transfer heat energy from the solar power plant to the condenser. The molten salt pump is a mechanical device that extracts thermal energy from a fluid medium by using its convection and conduction properties.
The working principle of this type of pump is based on two basic principles, namely; 1) Conduction and 2) Convection.
Application Insights:
The market is segmented by application into residential, commercial, and industrial. The residential sector accounted for the largest share in 2017 owing to growing demand for pumps across the globe. Factors such as rising population coupled with increasing disposable income are expected to drive growth over the forecast period.
The commercial application segment is projected to witness significant growth over the forecast period owing to rapid urbanization along with industrial development in developing countries including China and India. Rapidly expanding solar power generation capacities at utility scale are also anticipated to boost product demand from this sector over the next eight years.
Industrial applications include oil & gas, chemical processing plants, food & beverage processing facilities and paper mills among others which require high-performance pumps that can handle harsh environments without fail while providing efficient performance under varying temperature conditions ranging from -40°C up tilldegree Celsius degree mark or 0°F below freezing point of 32 degrees Fahrenheit or zero degrees centigrade above it respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing investments in solar power generation. China is projected to be a major contributor towards the growth of this regional market over the forecast period. The country has been using its domestic manufacturing capabilities and resources to develop world-class products, which are then exported globally. This strategy has helped China gain a competitive edge in terms of cost as well as quality, thus making it an attractive destination for foreign investors looking for opportunities across all sectors including manufacturing and energy production/supply.
The Middle East & Africa region is expected to grow at a lucrative rate over the forecast period owing to increasing focus on alternative sources of energy supply that are environment-friendly and do not emit greenhouse gases during production/supply.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting solar power generation
- Reduction in the cost of solar photovoltaic (PV) systems
- Development of new technologies and products that improve the efficiency of solar power systems
- Expansion of renewable energy targets by governments and utilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Pumps in Solar Power Generation Market Research Report
By Type
Heat Transfer Fluid Pump, Molten Salt Pump
By Application
Residential, Commercial, Industrial, Agricultural, Other
By Companies
Kirloskar Brothers, Grundfos, Sulzer, Xylem, Flowserve, Ebara, The Weir Group, KSB Pumps, Wilo, Ruhrpumpen Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Pumps in Solar Power Generation Market Report Segments:
The global Pumps in Solar Power Generation market is segmented on the basis of:
Types
Heat Transfer Fluid Pump, Molten Salt Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial, Agricultural, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kirloskar Brothers
- Grundfos
- Sulzer
- Xylem
- Flowserve
- Ebara
- The Weir Group
- KSB Pumps
- Wilo
- Ruhrpumpen Group
Highlights of The Pumps in Solar Power Generation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heat Transfer Fluid Pump
- Molten Salt Pump
- By Application:
- Residential
- Commercial
- Industrial
- Agricultural
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pumps in Solar Power Generation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pumps are used in solar power generation to move water or other fluid substances from one place to another. This is done using the energy of the sun, which can turn water into steam, which then powers a turbine and creates electricity.
Some of the major players in the pumps in solar power generation market are Kirloskar Brothers, Grundfos, Sulzer, Xylem, Flowserve, Ebara, The Weir Group, KSB Pumps, Wilo, Ruhrpumpen Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pumps in Solar Power Generation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pumps in Solar Power Generation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pumps in Solar Power Generation Market - Supply Chain
4.5. Global Pumps in Solar Power Generation Market Forecast
4.5.1. Pumps in Solar Power Generation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pumps in Solar Power Generation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pumps in Solar Power Generation Market Absolute $ Opportunity
5. Global Pumps in Solar Power Generation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pumps in Solar Power Generation Market Size and Volume Forecast by Type
5.3.1. Heat Transfer Fluid Pump
5.3.2. Molten Salt Pump
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pumps in Solar Power Generation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pumps in Solar Power Generation Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Agricultural
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pumps in Solar Power Generation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pumps in Solar Power Generation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pumps in Solar Power Generation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pumps in Solar Power Generation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pumps in Solar Power Generation Demand Share Forecast, 2019-2026
9. North America Pumps in Solar Power Generation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pumps in Solar Power Generation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pumps in Solar Power Generation Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Agricultural
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pumps in Solar Power Generation Market Size and Volume Forecast by Type
9.7.1. Heat Transfer Fluid Pump
9.7.2. Molten Salt Pump
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pumps in Solar Power Generation Demand Share Forecast, 2019-2026
10. Latin America Pumps in Solar Power Generation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pumps in Solar Power Generation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pumps in Solar Power Generation Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Agricultural
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pumps in Solar Power Generation Market Size and Volume Forecast by Type
10.7.1. Heat Transfer Fluid Pump
10.7.2. Molten Salt Pump
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pumps in Solar Power Generation Demand Share Forecast, 2019-2026
11. Europe Pumps in Solar Power Generation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pumps in Solar Power Generation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pumps in Solar Power Generation Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Agricultural
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pumps in Solar Power Generation Market Size and Volume Forecast by Type
11.7.1. Heat Transfer Fluid Pump
11.7.2. Molten Salt Pump
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pumps in Solar Power Generation Demand Share, 2019-2026
12. Asia Pacific Pumps in Solar Power Generation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pumps in Solar Power Generation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pumps in Solar Power Generation Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Agricultural
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pumps in Solar Power Generation Market Size and Volume Forecast by Type
12.7.1. Heat Transfer Fluid Pump
12.7.2. Molten Salt Pump
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pumps in Solar Power Generation Demand Share, 2019-2026
13. Middle East & Africa Pumps in Solar Power Generation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pumps in Solar Power Generation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pumps in Solar Power Generation Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Agricultural
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pumps in Solar Power Generation Market Size and Volume Forecast by Type
13.7.1. Heat Transfer Fluid Pump
13.7.2. Molten Salt Pump
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pumps in Solar Power Generation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pumps in Solar Power Generation Market: Market Share Analysis
14.2. Pumps in Solar Power Generation Distributors and Customers
14.3. Pumps in Solar Power Generation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kirloskar Brothers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grundfos
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sulzer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xylem
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Flowserve
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ebara
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Weir Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KSB Pumps
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wilo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ruhrpumpen Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
