Pumps in Solar Power Generation Market
The global pumps in solar power generation market is expected to grow from US$ 365.1 million in 2017 to US$ 987.4 million by 2025 growing at a CAGR of 13.5% from 2018 to 2025.
The major factors propelling this growth are governments' support along with a rise in the adoption of clean energy and increases in research & development activities to reduce the overall cost of concentrated solar power (CSP) projects.
Europe is one of the main regions in the market due to constantly rising electricity demand and increases in installation of CSP projects mainly in Spain. In addition, European governments have taken the initiative for cost-effective power generation and distribution due to a rise in electricity & energy prices.
Pumps in the solar power generation market can be categorise by plant type, pump type, and regions.
The geographic segmentation covers five major regions: North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). Asia-Pacific is expected to grow at the highest CAGR during the forecast period..
By plant type, linear parabolic trough plant accounted for the largest share of the market in 2017.
[edit] Related articles on Designing Buildings Wiki
- Biogas.
- BRE National Solar Centre.
- Brise soleil.
- Code of practice for grid connected solar photovoltaic systems.
- Electricity supply.
- Energy storage.
- Fuel cell.
- Hydroelectricity.
- Large scale solar thermal energy.
- Marine energy and hydropower.
- Natural gas.
- Oil - a global perspective.
- Solar gain in buildings.
- Solar photovoltaics.
- Solar power.
- Solar thermal systems.
Featured articles and news
CIOB signs up to Green Skills At Cop campaign
In preparation for COP29 on 11 Novermebr in Azerbaijan.
2024 ECA Industry Awards evening
Full list of electrical contractors scooping top prizes.
Briefing on the implications of the final Grenfell inquiry report
What it means for Architectural Technology professionals.
CIOB Art of Building photo contest 2024
International showcase for the very best photography of the built environment.
Celebrating architecture's eloquent champions.
Unusual perspectives on 1960s’ thinking.
AI and the challenges to intellectual property
The legal landscape of adopting AI now and in the future.
Worrying landscape for Welsh construction SMEs revealed.
In recent risk factor analysis report completed by CIOB.
Construction Sport survey highlights risks of dehydration
Supporting construction workers to avoid dangers.
Can your business afford to ignore mental well-being?
£70 - 100 billion annually in UK construction sector.
Mental health in the construction industry
World Mental Health Day 10 October.
Construction awards provide relief in wake of ISG collapse
Spike in major infrastructure awards, housing up but short of targets, are ISG collapse impacts yet to come.
Biodiversity net gain with related updates and terms
Only 0.5% of applications subject to BNG in the context significant proposed changes to planning.
As political power has shifted from blue to red
Has planning now moved from brown to green?
The role of construction in tackling the biodiversity crisis
New CIOB Nature of Building digital series available now.