Global Solar Pumps Market Demand, Opportunity and Forecast: 2022-2029

Global Solar Pumps Market : to grow at 29.54 % CAGR during the forecast period.

Global Solar Pumps Market Overview:

The market for solar pumps will be driven by rising reliance on goods based on Global Solar Pumps Market Overview renewable energy during the projected period. Further government incentives to install solar pumps are anticipated to fuel market expansion throughout the projected period. Government rules that are stricter than usual to reduce carbon footprints are anticipated to hasten market growth for solar pumps. The high initial cost compared to standard diesel pumps, however, presents a significant obstacle for industry participants.

Market Scope:

Because of its unique abilities to absorb light, move electrons, and transport holes, perovskite solar cells are the technology with the fastest growth.

It can work with a wide spectrum of light wavelengths and has an easy manufacturing procedure.

It can be used to lower carbon emissions and greenhouse gas emissions all over the world.

Additionally, it is utilised in household applications such as smart glass, smart outdoor furniture, automobiles, the internet of things, and numerous electronic ones.

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Segmentation:

By Product:

• DC Surface Suction

• AC Submersible

• DC Submersible

• AC Floating

In 2017, the market for solar pumps was dominated by DC surface suction, which accounted for 34% of the market.

Over the projected period, an increase in drip irrigation operations, particularly in Asia Pacific's growing nations, is anticipated to fuel solar-powered DC suction pumps.

Whereas AC submersible pumps are anticipated to expand at the fastest rate during the projection period.

The market for AC submersible pumps is expected to increase throughout the forecast period due to rising demand for solar pumps with higher efficiency, particularly in emerging nations like India.

Whereas DC suction pumps cannot be used, AC submersible pumps are specifically made to pump groundwater from deeper wells or boreholes.

By Application:

• Agriculture

• Drinking Water

Solar pumps' most popular application is in agriculture, and this trend is expected to continue.

The agriculture application segment is driven by an increase in agricultural activity around the world and the need for irrigation water.

In isolated areas of different countries where energy supply is a problem and running diesel pumps is expensive, a steady supply of clean water is necessary.

Global Solar Pumps Market : Research Methodology
Global Solar Pumps Market : Executive Summary

Market Overview and Definitions
Introduction to Global Solar Pumps Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Solar Pumps Market : Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Solar Pumps Market Segmentation

Global Solar Pumps Market , by Method (2021-2029)
Global Solar Pumps Market , by Industry (2021-2029)

Global Solar Pumps Market (2021-2029)

Global Solar Pumps Market , by Method (2021-2029)
Global Solar Pumps Market , by Industry (2021-2029)
Global Solar Pumps Market , by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Players:

• PM Pumpmakers GmbH

• Mono

• Megawatt New Energy

• Solar Online • Dankoff Solar Pumps

• Lorentz Technology • Polysolar

•Franklin Electric • Tata Power Solar

• Greenmax Technololgy • Sun Pumps

• Shenzhen Sacred • Bodisun New Energy

• Sun Edison • Jain Irrigation

• Shakti Pump • CRI Pumps

• Tata Power Solar • Kirloaskar Brothers

• Schnieder Electric • Grundfos

• Bernt Lorentz GmbH Co. KG • Claro Energy Private Limited

• Waaree Energies Ltd. • Zhejiang Taifu Pump Company Ltd.

• Yozeal New Energy Technology Co.,Ltd

• PM Pump Makers GmbH

• Solar Power Pump Company

• SunEdison

• Rainbow Power Co., Ltd.

• Wenling Jintai Pump Factory

• American West Windmill Solar Company

• Bright Solar Water Pumps

• USL • GrundfoS

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Regional Analysis:

Asia Pacific region is foremost in solar pump market with two third share of total market volume in 2017. Increasing agricultural activities coupled with government subsidies in the form of financial incentives to drive solar pumps market in Asia Pacific. Countries in this region such as China, India, Bangladesh, and Pakistan are major agricultural regions with plentiful availability of solar energy. The swing in trend towards reducing dependency on importing fossil fuels in the form of diesel and butane for their primary need for energy to generate electricity for agriculture and drinking water.

• North America

• South America

• Asia Pacific

• Europe

• Middle East Africa

COVID-19 Impact Analysis on Global Solar Pumps Market : COVID-19 has caused significant disruptions in global supply chains across various industries. The LiFePO4 batteries market is no exception. The pandemic led to factory shutdowns, reduced production capacities, and logistical challenges, affecting the availability of raw materials and components required for battery manufacturing. These disruptions may have resulted in delays in production, increased costs, and limited product availability.

Key Questions Answered in the Global Solar Pumps Market Report are:

What is the current size and projected growth of the global solar pumps market?
What are the key factors driving the growth of the solar pumps market?
What are the different types of solar pumps available in the market, and what are their respective market shares?
What are the major applications of solar pumps across various sectors, such as agriculture, water management, and residential?
Which regions or countries are the major consumers of solar pumps?
What are the regulatory frameworks and government incentives supporting the adoption of solar pumps?
What are the technological advancements and innovations in the solar pumps industry?

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