Pumps in Solar Power Generation Market to 2025 - Global Analysis and Forecasts by Plant Type (Linear Parabolic Trough, Power Tower, and Fresnel Plant), and Pump Type (Heat Transfer Fluid Pump and Molten Salt Pump)
- THE3206786
- 114 Pages
- April 2018
- Construction & Manufacturing
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.
1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE INSIGHT PARTNERS RESEARCH REPORTS GUIDANCE 13
2. KEY TAKEAWAYS 15
2.1 EUROPE HOLDS THE LARGEST MARKET SHARE IN PUMPS IN SOLAR
POWER GENERATION MARKET IN 2017 15
2.2 LINEAR PARABOLIC TROUGH IS THE LEADING SEGMENT IN 2017 16
3. PUMPS IN SOLAR POWER GENERATION MARKET LANDSCAPE 17
3.1 MARKET OVERVIEW 17
3.2 MARKET SEGMENTATION 18
3.2.1 Global Pumps in Solar Power Generation Market - By Plant Type 19
3.2.2 Global Pumps in Solar Power Generation Market - By Pump Type 19
3.2.3 Global Pumps in Solar Power Generation Market - By Geography 19
3.3 PEST ANALYSIS 20
3.3.1 North America PEST Analysis 20
3.3.2 Europe PEST Analysis 22
3.3.3 Asia Pacific PEST Analysis 24
3.3.4 Middle East & Africa PEST Analysis 26
3.3.5 South America PEST Analysis 28
4. PUMPS IN SOLAR POWERT GENERATION MARKET - KEY INDUSTRY DYNAMICS 30
4.1 KEY MARKET DRIVERS 30
4.1.1 Increase in electricity demand fuelling the demand for pumps in solar
power generation 30
4.1.2 Government support and rise in adoption of clean energy boosting
the demand for pumps in solar power generation 30
4.2 KEY MARKET RESTRAINTS 30
4.2.1 High initial investment and capital cost for CSP plant installation 30
4.3 KEY MARKET OPPORTUNITIES 31
4.3.1 Substantial investment in R&D in order to reduce the overall project cost 31
4.4 FUTURE TRENDS 31
4.4.1 Development in CSP technology and growing number of CSP plants 31
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 32
5. PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET ANALYSIS 33
5.1 PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET OVERVIEW 33
5.2 PUMPS IN SOLAR POWER GENERATION MARKET - GLOBAL MARKET AND FORECAST
TO 2025 33
6. PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - POWER PLANT TYPE 34
6.1 OVERVIEW 34
6.2 POWER PLANT TYPE MARKET FORECASTS AND ANALYSIS 34
6.3 LINEAR PARABOLIC TROUGH MARKET 35
6.3.1 Overview 35
6.3.2 Linear parabolic trough market forecasts and analysis 35
6.4 POWER TOWER MARKET 36
6.4.1 Overview 36
6.4.2 Power tower market forecasts and analysis 36
6.5 FRESNEL PLANT MARKET 37
6.5.1 Overview 37
6.5.2 Fresnel plant market forecasts and analysis 37
7. PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - PUMP TYPE 38
7.1 OVERVIEW 38
7.2 PUMP TYPE MARKET FORECASTS AND ANALYSIS 38
7.3 HEAT TRANSFER FLUID PUMP MARKET 38
7.3.1 Overview 38
7.3.2 Heat transfer fluid pump market forecasts and analysis 39
7.4 MOLTEN SALT PUMP MARKET 39
7.4.1 Overview 39
7.4.2 Molten salt pump market forecasts and analysis 39
8. GLOBAL PUMPS IN SOLAR POWER GENERATION - GEOGRAPHICAL ANALYSIS 41
8.1 OVERVIEW 41
8.2 NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 41
8.2.1 Overview 41
8.2.2 North America Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 42
8.2.3 North America Pumps in Solar Power Generation Market Breakdown by Key Countries 42
8.2.3.1 U.S. Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 43
8.2.3.2 Canada Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 44
8.2.3.3 Mexico Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 44
8.2.4 North America Pumps in Solar Power Generation Market Breakdown
by Power Plant Type 45
8.2.5 North America Pumps in Solar Power Generation Market Breakdown by Pump Type 46
8.3 EUROPE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 47
8.3.1 Overview 47
8.3.2 Europe Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 47
8.3.3 Europe Pumps in Solar Power Generation Market Breakdown by Key Countries 48
8.3.3.1 France Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 48
8.3.3.2 Germany Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 49
8.3.3.3 Italy Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 49
8.3.3.4 Spain Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 50
8.3.4 Europe Pumps in Solar Power Generation Market Breakdown by Power Plant Type 51
8.3.5 Europe Pumps in Solar Power Generation Market Breakdown by Pump Type 52
8.4 ASIA PACIFIC (APAC) PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 53
8.4.1 Overview 53
8.4.2 Asia Pacific Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 53
8.4.3 Asia Pacific Pumps in Solar Power Generation Market Breakdown by Key Countries 54
8.4.3.1 Australia Pumps in Solar Power Generation Market Revenue and
Forecasts to 2025 (US$ Mn) 54
8.4.3.2 China Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 55
8.4.3.3 India Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 56
8.4.4 Asia Pacific Pumps in Solar Power Generation Market Breakdown by Power Plant Type 56
8.4.5 Asia Pacific Pumps in Solar Power Generation Market Breakdown by Pump Type 57
8.5 MIDDLE EAST & AFRICA (MEA) PUMPS IN SOLAR POWER GENERATION
MARKET REVENUE AND FORECASTS TO 2025 58
8.5.1 Overview 58
8.5.2 Middle East & Africa Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 58
8.5.3 Middle East & Africa Pumps in Solar Power Generation Market Breakdown
by Key Countries 59
8.5.3.1 South Africa Pumps in Solar Power Generation Market Revenue and
Forecasts to 2025 (US$ Mn) 60
8.5.3.2 Saudi Arabia Pumps in Solar Power Generation Market Revenue and
Forecasts to 2025 (US$ Mn) 60
8.5.3.3 UAE Pumps in Solar Power Generation Market Revenue and
Forecasts to 2025 (US$ Mn) 61
8.5.4 Middle East & Africa Pumps in Solar Power Generation Market Breakdown
by Power Plant Type 62
8.5.5 Middle East & Africa Pumps in Solar Power Generation Market Breakdown
by Pump Type 63
8.6 SOUTH AMERICA (SAM) PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 64
8.6.1 Overview 64
8.6.2 South America Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 64
8.6.3 South America Pumps in Solar Power Generation Market Breakdown by Key Countries 65
8.6.3.1 Brazil Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 65
8.6.3.2 Chile Pumps in Solar Power Generation Market Revenue and Forecasts
to 2025 (US$ Mn) 66
8.6.4 South America Pumps in Solar Power Generation Market Breakdown by Power
Plant Type 67
8.6.5 South America Pumps in Solar Power Generation Market Breakdown by Pump Type 68
9. INDUSTRY LANDSCAPE 69
9.1 MARKET INITIATIVE 69
9.2 NEW DEVELOPMENT 70
10. COMPETITIVE LANDSCAPE 71
10.1 COMPETITVE PRODUCT MAPPING 71
10.2 MARKET POSITIONING 73
11. GLOBAL PUMPS IN SOLAR POWER GENERATION MARKET- KEY COMPANY PROFILES 74
11.1 EBARA CORPORATION 74
11.1.1 Key Facts 74
11.1.2 Business Description 74
11.1.3 Financial Overview 75
11.1.4 SWOT Analysis 75
11.1.5 Key Developments 77
11.2 FLOWSERVE CORPORATION 78
11.2.1 Key Facts 78
11.2.2 Business Description 78
11.2.3 Financial Overview 79
11.2.4 SWOT Analysis 79
11.2.5 Key Developments 81
11.3 GRUNDFOS 82
11.3.1 Key Facts 82
11.3.2 Business Description 82
11.3.3 Financial Overview 82
11.3.4 SWOT Analysis 83
11.3.5 Key Developments 84
11.4 KIRLOSKAR BROTHERS LIMITED 85
11.4.1 Key Facts 85
11.4.2 Business Description 85
11.4.3 Financial Overview 85
11.4.4 SWOT Analysis 86
11.4.5 Key Developments 87
11.5 KSB SE & CO. KGAA 88
11.5.1 Key Facts 88
11.5.2 Business Description 88
11.5.3 Financial Overview 89
11.5.4 SWOT Analysis 89
11.5.5 Key Developments 91
11.6 RUHRPUMPEN GROUP 92
11.6.1 Key Facts 92
11.6.2 Business Description 92
11.6.3 Financial Overview 93
11.6.4 SWOT Analysis 93
11.6.5 Key Developments 94
11.7 SULZER LTD. 95
11.7.1 Key Facts 95
11.7.2 Business Description 95
11.7.3 Financial Overview 96
11.7.4 SWOT Analysis 96
11.7.5 Key Developments 98
11.8 THE WEIR GROUP PLC 99
11.8.1 Key Facts 99
11.8.2 Business Description 99
11.8.3 Financial Overview 100
11.8.4 SWOT Analysis 100
11.8.5 Key Developments 102
11.9 WILO SE 103
11.9.1 Key Facts 103
11.9.2 Financial Overview 103
11.9.3 SWOT Analysis 104
11.9.4 Key Developments 105
11.10 XYLEM INC. 106
11.10.1 Key Facts 106
11.10.2 Business Description 106
11.10.3 Financial Overview 107
11.10.4 SWOT Analysis 107
11.10.5 Key Developments 109
12. APPENDIX 110
12.1 ABOUT THE INSIGHT PARTNERS 110
12.2 GLOSSARY 111
12.3 METHODOLOGY 112
12.3.1 COVERAGE 112
12.3.2 Secondary Research 112
12.3.3 Primary Research 112
12.4 CONTACT US 114
12.5 DISCLAIMER 114
LIST OF TABLES
TABLE 1. GLOBAL PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 33
TABLE 2. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY POWER PLANT TYPE (US$ MN) 45
TABLE 3. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY PUMP TYPE (US$ MN) 46
TABLE 4. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - BY POWER PLANT TYPE (US$ MN) 51
TABLE 5. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 - BY PUMP TYPE (US$ MN) 52
TABLE 6. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY POWER PLANT TYPE (US$ MN) 57
TABLE 7. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY PUMP TYPE (US$ MN) 57
TABLE 8. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 - BY POWER PLANT TYPE (US$ MN) 62
TABLE 9. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 - BY PUMP TYPE (US$ MN) 63
TABLE 10. SOUTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY POWER PLANT TYPE (US$ MN) 67
TABLE 11. SOUTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 - BY PUMP TYPE (US$ MN) 68
TABLE 12. GLOSSARY OF TERMS,PUMPS IN SOLAR POWER GENERATION MARKET 111
LIST OF FIGURES
FIGURE 1. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET, REVENUE (US$ MN),
2017 & 2025 15
FIGURE 2. LINEAR PARABOLIC TROUGH PUMPS IN SOLAR POWER GENERATION MARKET,
REVENUE (US$ MN), BY PLANT TYPE, 2017 & 2025 16
FIGURE 3. PUMPS IN SOLAR POWER GENERATION MARKET SEGMENTATION 18
FIGURE 4. PUMPS IN SOLAR POWER GENERATION MARKET BY REGION 18
FIGURE 5. NORTH AMERICA PEST ANALYSIS 20
FIGURE 6. EUROPE PEST ANALYSIS 22
FIGURE 7. ASIA PACIFIC PEST ANALYSIS 24
FIGURE 8. MIDDLE EAST & AFRICA PEST ANALYSIS 26
FIGURE 9. SOUTH AMERICA PEST ANALYSIS 28
FIGURE 10. PUMPS IS SOLAR POWER GENERATION MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 32
FIGURE 11. GLOBAL PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY POWER PLANT TYPE, 2017 & 2025 (%) 34
FIGURE 12. GLOBAL LINEAR PARABOLIC TROUGH MARKET REVENUE AND FORECASTS TO 2025
(US$ MN) 35
FIGURE 13. GLOBAL POWER TOWER MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 36
FIGURE 14. GLOBAL FRESNEL PLANT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 37
FIGURE 15. GLOBAL PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN, BY PUMP TYPE,
2017 & 2025 (%) 38
FIGURE 16. GLOBAL HEAT TRANSFER FLUID PUMP MARKET BREAKDOWN, 2016 & 2025 (%) 39
FIGURE 17. GLOBAL MOLTEN SALT PUMP MARKET BREAKDOWN, 2016 & 2025 (%) 40
FIGURE 18. PUMPS IN SOLAR POWER GENERATION MARKET, GLOBAL BREAKDOWN BY REGIONS,
2017 & 2025 (%) 41
FIGURE 19. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 42
FIGURE 20. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY KEY COUNTRIES, 2017 & 2025 (%) 42
FIGURE 21. U.S. PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 43
FIGURE 22. CANADA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 44
FIGURE 23. MEXICO PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 44
FIGURE 24. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY POWER PLANT TYPE, 2017 & 2025 (%) 45
FIGURE 25. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY PUMP TYPE, 2017 & 2025 (%) 46
FIGURE 26. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 47
FIGURE 27. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN BY KEY
COUNTRIES, 2017 & 2025 (%) 48
FIGURE 28. FRANCE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 48
FIGURE 29. GERMANY PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 49
FIGURE 30. ITALY PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 49
FIGURE 31. SPAIN PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 50
FIGURE 32. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN BY POWER
PLANT TYPE, 2017 & 2025 (%) 51
FIGURE 33. EUROPE PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN BY PUMP TYPE,
2017 & 2025 (%) 52
FIGURE 34. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 53
FIGURE 35. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY KEY COUNTRIES, 2017 & 2025 (%) 54
FIGURE 36. AUSTRALIA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 54
FIGURE 37. CHINA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 55
FIGURE 38. INDIA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 56
FIGURE 39. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY POWER PLANT TYPE, 2017 & 2025 (%) 56
FIGURE 40. ASIA PACIFIC PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY PUMP TYPE, 2017 & 2025 (%) 57
FIGURE 41. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59
FIGURE 42. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY KEY COUNTRIES, 2017 & 2025 (%) 59
FIGURE 43. SOUTH AFRICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 60
FIGURE 44. SAUDI ARABIA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 60
FIGURE 45. UAE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 61
FIGURE 46. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY POWER PLANT TYPE, 2017 & 2025 (%) 62
FIGURE 47. MIDDLE EAST & AFRICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY PUMP TYPE, 2017 & 2025 (%) 63
FIGURE 48. SOUTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND
FORECASTS TO 2025 (US$ MN) 64
FIGURE 49. SOUTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY KEY COUNTRIES, 2017 & 2025 (%) 65
FIGURE 50. BRAZIL PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 65
FIGURE 51. CHILE PUMPS IN SOLAR POWER GENERATION MARKET REVENUE AND FORECASTS
TO 2025 (US$ MN) 66
FIGURE 52. NORTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY POWER PLANT TYPE, 2017 & 2025 (%) 67
FIGURE 53. SOUTH AMERICA PUMPS IN SOLAR POWER GENERATION MARKET BREAKDOWN
BY PUMP TYPE, 2017 & 2025 (%) 68
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