Solar energy used for water pumps does not emit any carbon footprints into the atmosphere and provides a clean source of energy. Additionally supportive government incentive schemes to farmers and solar pump manufacturers is also fuelling the growth of the market. However, high initial investment is the factor may restrict the growth of the market.
Solar water pumps are increasingly used in regions where grid electricity is unavailable and alternative sources such as wind do not provide enough power for operations. Solar pump components consists of solar panels, a controller and a pump while the size of the PV system determines the operating capacity of the pump.
Global Solar Water Pumps Market – Competitive Analysis
Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Solar Water Pumps manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Solar Water Pumps for every application.
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Solar Water Pumps Market – Segmentation
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Global Solar Water Pumps Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.
On the basis of End User, market is segmented into Agriculture, Drinking Water. Agriculture sector dominates the end user segment of the market. Increasing the agricultural activities along with the increase in use of water for water based agricultural practices driving the growth of the market.
On the basis of product, market is segmented into DC Surface Suction, AC Submersible, DC Submersible, AC Floating. Increasing drip irrigation activities in emerging economies of Asia Pacific and the Middle East & Africa is expected to drive the solar powered DC suction pumps market. AC submersible pumps are expected to witness the highest growth during the forecast period. AC submersible pumps are specially designed to pump groundwater from deeper wells or boreholes where DC suction pumps cannot be used.
Market Players :-
The key players are Lorentz (Germany), SunEdison, Inc. (U.S.), CRI Pumps Pvt. Ltd (India), Solar Power & Pump Co LLC (U.S.), Tata Power Solar Systems Ltd. (India), Shakti Solar Pumping System (India), WENLING JINTAI PUMP FACTORY (China), Bright Solar Pvt. Ltd. (India), Grundfos (Denmark) and American West Windmill and Solar Company (U.S.).
Major Point of Virtual Power Plant Market TOC:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Solar Water Pump Market, By Product
4.2 DC Surface Suction
4.3 AC Submersible
4.4 DC Submersible
4.5 AC Floating
To be continued……..
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Global Solar Water Pumps Market:
The Asia-Pacific region is the leading market for solar water pumps. Rapid agriculture activities in countries such as China, India, Bangladesh and Pakistan and reduced grid connectivity for agricultural activities, drive the market for solar water pumps in these countries. Furthermore, increased need for clean water for drinking and irrigation in countries such as Morocco, Nigeria, Namibia and Kenya, in the African region, is also driving the need for the solar pumps in the region. The UN development programs to promote the use of solar energy in the region, is also driving the market.
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