Solar Water Pumps Global Market 2018 Industrial Top Key Players, Competitive Development Analysis, Upcoming Opportunities | Industry Technological Advancement Research Report Forecast to 2023

Market Highlights:-
Solar pumps are increasingly being used in domestic and agriculture applications, especially for delivering drinking water for livestock and irrigation. Also, solar water pumps are used in oil and gas fracking activities to reduce the environmental impact of the oil recovery process.

According to a recent study report published by the Market Research Future, The global market of Solar Water Pumps is booming and expected to gain prominence over the forecast period. The Global Solar Water Pumps market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 2.4% during the estimated period (2018 – 2023).

The Solar Water Pumps Market is expected to grow at a CAGR of 5.6% during the forecast period.

Industry Major Key Players:-
• orentz
• SunEdison, Inc.
• Solar Power & Pump Co LLC
• WENLING JINTAI PUMP FACTORY

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Global Solar Water Pumps Market - Competitive Analysis
Global Solar Water Pumps Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Industry News:-

SunEdison, a leading manufacturer and provider of solar technology and solar energy services, has launched the SunEdison Solar Water Pump, a high performance solar PV-based water pump specially designed for agriculture. The solar pumps intended for use in rural environments, feature rugged structural design and are available in 3HP (horsepower), 5HP, 7.5HP and 10HP variants.

Pune-based KSB Pumps Ltd., a leading international supplier of pumps, valves and related systems, has launched a new product called KSBSol which is a submersible pumpset with high energy efficiency and reliability suitable to run using Solar power.

Table Of Contents:-
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

To be continued.......

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Global Solar Water Pumps Market:
The global solar water pumps market is driven by the increased agriculture activities along with the increase in use of water for water based agricultural practises. 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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This release was published on openPR.