Solar Water Pump Market Report 2022: By Key Players, Trends, Size, Share and Forecast 2022-2028

The global solar water pump market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. The market growth is mainly attributed to the adoption of solar water pumps over diesel pumps owing to zero fuel costs and less labor and maintenance. The prominence of solar water pumps has been increasing gradually over the years due to its offering of clean, sustainable energy solutions when compared to fuel-powered pumps. The rise in fuel prices coupled with the shortage of the same is major restraints of diesel pumps, in turn boosting the adoption of solar water pumps. Furthermore, the high maintenance and other financial risks associated with the diesel pumps have resulted in an increased inclination toward solar water pumps, owing to their relatively greater advantages. In addition, increasing cohesive government initiatives promoting the use of solar water pumps in several countries is stimulating the growth of the solar water pump market.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/solar-water-pump-market

According to the 2018-2019 report of the Ministry of New and Renewable Energy (MNME), in India about 240,000 solar PV water pumps have been sanctioned and over 237,000 solar pumps have been installed as of March 2019. Likewise, the Government of India announced various schemes to meet their renewables targets for 2022 by providing financial support of around $4.7 billion to the implementing agencies. The initiatives intend to install 1.75 million solar-powered agriculture pumps of the individual pump by the end of 2022.

Market Coverage

·         The market number available for – 2020-2027

·         Base year- 2020

·         Forecast period- 2021-2027

·         Segment Covered-

o             By Type

o             By Component

o             By Applications

o             By End-user 

·         Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

·         Competitive Landscape- Tata Power Solar Systems Ltd., Grundfos Pumps Corp., Bright Solar Ltd., LORENTZ, Shakti Pumps Ltd.

Recent Strategic Initiatives in the Global Solar Water Pump Market

·         In March 2021, Shakti Pump Ltd. announced that it has received a contract from the Uganda Government from the Ministry of Water and Environment for the Supply of solar-powered water pumping systems. The order export was $35 million from Uganda.

Key questions addressed by the report

·         What is the market growth rate?

·         Which segment and region dominate the market in the base year?

·         Which segment and region will project the fastest growth in the market?

·         How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

·         Who is the leader in the market?

·         How players are addressing challenges to sustain growth?

·         Where is the investment opportunity?

Global Solar Water Pump Market Report Segment

By Type

·         Surface Water Pumps

·         Submersible Water Pumps

By Applications

·         Agricultural

·         Water Supply

·         Other (Oil and Gas Fracking Activities)

By End-User

·         Small-Scale Based

·         Large-Scale Based

A full report of Solar Water Pump Market is available at: https://www.omrglobal.com/industry-reports/solar-water-pump-market

Solar Water Pump Market– Segment by Region

North America          

·         United States

·         Canada

Europe

·         Germany

·         United Kingdom

·         France

·         Spain

·         Italy

·         Rest of Europe

Asia-Pacific   

·         China

·         Japan

·         India

·         Rest of Asia-Pacific

Rest of the World

·         Middle East & Africa

·         Latin America

Company Profiles

·         Alpex Solar Pvt. Ltd.

·         Bright Solar Ltd.

·         C.R.I. Pumps Private Ltd.

·         Grundfos Pumps Corp.

·         Jain Irrigation Systems Ltd.

·         JJ PV Solar

·         Kirloskar Brothers Ltd.

·         LORENTZ

·         Lubi Electronics

·         Rainbow Power Company Ltd.

·         Shakti Pumps (India) Ltd.

·         Span Pumps Pvt Ltd.

·         SunEdison, Inc.

·         Tata Power Solar Systems Ltd.

·         Topsun Energy Ltd.

Reasons to Buying From us –

1.       We cover more than 15 major industries, further segmented into more than 90 sectors.

2.       More than 120 countries are for analysis.

3.       Over 100+ paid data sources mined for investigation.

4.       Our expert research analysts answer all your questions before and after purchasing your report.

 

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

 

Media Contact:

Contact Person: Mr. Anurag Tiwari

Email: anurag@omrglobal.com

Contact no: +91 780-304-0404

Company Name: Orion Market Research