Solar Water Pumps 2018 Market Emerging Technologies, Regional Trends, Historical Analysis, Latest Innovations and Forecast to 2023

Global Solar Water Pumps Market - Overview

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 (2017 – 2023).

Stringent government regulations to reduce carbon footprints into the atmosphere is the factor driving the growth of the solar pumps market. 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.

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Industry Top Key Players:

ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (The Netherlands), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Solar Water Pumps Market.

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.

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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Global Solar Water Pumps Market - Regional Analysis

Asia-Pacific region dominates the global Solar Water Pumps Market and is expected to witness the highest growth during the forecast period. China, India, Japan, Bangladesh and Indonesia are among the major markets for Solar Water Pumps in the Asia Pacific region. Rapid agriculture activities in countries such countries and reduced grid connectivity for agricultural activities, drive the market for solar water pumps in this region. Supportive government incentive schemes to farmers and solar pump manufacturers is also fuelling the growth of the market.

Middle East & Africa are another major regions for the market. Increased clean water demand 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. North America and Europe are contribute significantly during the forecast period.

Table Of Contents:-

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

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4 Global Solar Water Pump Market, By Product

4.1 Introduction

4.2 DC Surface Suction

4.3 AC Submersible

4.4 DC Submersible

4.5 AC Floating

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