Solar Pumps Market | Quality things | DC Surface Suction, AC Submersible, DC Submersible, AC Floating
Solar Pumps Market - Competitive Outlook and Trend Analysis:
Global solar pumps industry is ruled by major international organizations which have an existence over the value chain. The major market players in the global solar pumps market are Lorentz, SunEdison, Grundfos, USL, Bright Solar, CRI Pumps, TATA Power Solar Systems Ltd., and Shakti Pumps among others.
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Solar Pumps Market - Industry Trend Analysis:
The global Solar Pumps Market has encountered significant development in the recent years and is foreseen to witness tremendous growth in the following years. Rising agricultural activities along with water pumping for irrigation derived from renewable energy is anticipated to fuel the global solar pumps market during the forecast years. Nations such as India, China, Bangladesh, Namibia, Pakistan, Nigeria, Morocco, and Kenya have set objectives to trim down fossil fuel imports as well as gain fiscally from it. These areas have plentiful solar energy supply with an immense renewable energy exploration potential. This factor is anticipated to boost global solar pump industry growth during the forecast years. Solar pumps are mainly utilized for drinking water and irrigation purposes. They are utilized in rural and remote areas where off-grid energy in the electricity form is not offered. Utilization of solar energy to propel pumps cuts down the working cost, which is mostly consumed in the diesel form. Strict government regulations to trim down carbon footprints into the environment are predicted to boost the growth of the solar pumps market during the next few years. Solar energy utilized for water pumps does not produce any carbon footprints into the environment and renders a clean energy source. Though, elevated initial cost relative to traditional diesel pumps is anticipated to remain a major challenge for industry participants.
Solar Pumps Market - Product Outlook and Trend Analysis:
In 2014, DC suction came out as the major product for solar pumps and reported for around 80% of overall solar pumps market. Rising drip irrigation activities, especially in developing countries of the Middle East & Africa and Asia Pacific, is anticipated to propel solar powered DC suction pumps during the forecast years. AC submersible pumps are anticipated to experience the major growth rate throughout the projected period. Rising demand for advanced efficiency solar pumps especially in emerging countries like Bangladesh and India is projected to fuel the demand for AC submersible pumps during the forecast years. AC submersible pumps are specifically designed to impel groundwater from deeper boreholes or wells where DC suction pumps cannot be employed.
The Global Solar Pumps Market is segmented as follows –
Solar Pumps Market - By Product:
DC Surface Suction
Solar Pumps Market - By Application:
Solar Pumps Market - Application Outlook and Trend Analysis:
In 2014, agriculture segment was the ruled application section of solar pumps and reported for 60% of the global solar pumps industry. The global rise in agricultural activities along with water needed for irrigation is projected to fuel solar pumps industry for this application segment. Government grants to solar pump manufacturers and farmers especially in developing countries of Asia Pacific region are anticipated to fuel the growth of the global solar pump market during the next few years for agricultural application. Continuous and clean water supply is essential to a remote place of diverse regions where the supply of electricity is an issue and using diesel pumps turns out to be costly. This factor is projected to boost the global solar pumps market during the forecast period since these places have immense prospective to explore renewable energy in the solar form.
Solar Pumps Market - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Solar Pumps Market - Regional Outlook and Trend Analysis:
In 2013, Asia Pacific region came out as the leading regional solar pump market and reported for around 30% of overall market volume. Rising government grants and a decline in import of fossil fuel for farming activities is anticipated to boost solar pump market in the region during the forecast years. Growing agricultural activities along with increasing government grants in the financial incentives form are estimated to fuel the growth of the solar pumps market across Asia Pacific region. Economies in this region like India, China, Pakistan, and Bangladesh are key agricultural regions with plentiful solar energy availability. Africa &The Middle East are also experiencing considerable growth during the forecast years. The modification in the trend towards abbreviating dependency on fossil fuels importing in the butane and diesel form for their main requirement for energy to produce electricity for drinking water and agriculture.
Solar Pumps Market - Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Access complete report: https://www.crystalmarketresearch.com/report/solar-pumps-market .
Solar Pumps Market - Table of Contents:
4.Solar Pumps Market, By Product
5.Solar Pumps Market, By Application
6.Solar Pumps Market, By Region
7.1.4.Solar Pumps Sales, Revenue and Market Share
7.2.4.Solar Pumps Sales, Revenue and Market Share
7.3.Shakti Solar Pumping System
7.3.4.Solar Pumps Sales, Revenue and Market Share
7.4.Tata Power Solar Systems Ltd.
7.4.4.Solar Pumps Sales, Revenue and Market Share
7.5.4.Solar Pumps Sales, Revenue and Market Share
7.6.Solar Power & Pump Co., LLC
7.6.4.Solar Pumps Sales, Revenue and Market Share
7.7.Rainbow Power Co., Ltd.
7.7.4.Solar Pumps Sales, Revenue and Market Share
7.8.Wenling Jintai Pump Factory
7.8.4.Solar Pumps Sales, Revenue and Market Share
7.9.American West Windmill & Solar Company
7.9.4.Solar Pumps Sales, Revenue and Market Share
7.10.Bright Solar Water Pumps
7.10.4.Solar Pumps Sales, Revenue and Market Share
7.11.4.Solar Pumps Sales, Revenue and Market Share
8.Global Solar Pumps Market Competition, by Manufacturer
8.1.Global Solar Pumps Sales and Market Share by Manufacturer (2016-2017)
8.2.Global Solar Pumps Revenue and Market Share by Manufacturer (2016-2017)
8.3.Top 5 Solar Pumps Manufacturer Market Share
8.4.Market Competition Trend
Reason to Buy -
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Solar Pumps market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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