Philadelphia Mixing Solutions, Ltd., announced the acquisition by SPX FLOW from Thunder Basin Corporation, a subsidiary of Wind River Holdings, L.P., according to a definitive agreement signed.
supply two significant industrial enterprises with up to 750,000 tonnes of green ammonia yearly, Hyphen Hydrogen Energy (Pty) Ltd has signed non-binding Memorandums of Understanding (MoUs) with each of them. The agreements with a significant chemical manufacturer and Approtium, a South Korean hydrogen producer, aim to offtake up to 500,000 tonnes and 250,000 tonnes annually, respectively.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5028
Published Date: Jun 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the lack of availability of electricity in rural areas, advancement in technology & growing innovation, and surge in irrigation activities.
The market size of wind powered water pumps is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 â€“ 2035
The major players in the market are IWAKI, Co., Ltd., Grundfos Pumps India Private Ltd., OED Environmental Systems Ltd, Aermotor Windmill Company, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by mechanism, component, capacity, end-use, and by region.
The electrical pumps segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
High initial cost of wind powered water pumps, lack of knowledge and awareness regarding use, and lack of after-sale support in rural areas are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.