A solar pump runs on electricity generated by a solar PV array. The overall pump set is attached to the water source; the solar panel converts the solar energy into electricity, thereby operating the motor to pump water. These pumps eliminate the use of conventional fuel sources such as diesel.
Market Analysis and Insights: Global Pumps in Solar Power Generation Market
Due to the COVID-19 pandemic, the global Pumps in Solar Power Generation market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Heat Transfer Fluid Pump accounting for % of the Pumps in Solar Power Generation global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Residential segment is altered to an % CAGR throughout this forecast period.
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.
Global Pumps in Solar Power Generation Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Pumps in Solar Power Generation Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Heat Transfer Fluid Pump
Molten Salt Pump
Segment by Application
Residential
Commercial
Industrial
Agricultural
Other
By Company
Kirloskar Brothers
Grundfos
Sulzer
Xylem
Flowserve
Ebara
The Weir Group
KSB Pumps
Wilo
Ruhrpumpen Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
