Press release
How Solar Pumps Market is growing with +10% CAGR: Growth, Technology, Top key factors, future outlook to consider during 2018-2023
solar pumps is expected to foster at a stellar CAGR of +10% in terms of value.
This factor is expected to augment solar pump market growth over the forecast period. Increasing government subsidies from in the form of financial incentive to install solar pumps is further expected to drive the market growth over the forecast period. Increasing dependency on renewable energy-based products on account of depleting fossil fuel reserves is also expected to drive solar pumps market over the forecast period. Use of solar energy to drive pumps cut down the operating cost, which is majorly consumed in the form of diesel. Stringent government regulations to reduce carbon footprints into the atmosphere are expected to augment solar pumps market growth over the next seven years.
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Top Key vendors: Lorentz, SunEdison, Grundfos, USL and Bright Solar. Other companies include CRI Pumps, TATA Power Solar Systems Ltd., and Shakti Pumps among others
solar pumps for irrigation purpose will continue at a rapid pace all over the globe, a large number of farmer communities in India are also expected to embrace deployment of solar powered pumps for irrigation. Advancing agricultural technologies and increasing efforts for water conservation at ground level will collectively fuel the opportunities for solar powered pumps used for irrigation application across India. While the government is providing direct subsidies for promoting deployment of solar pumps, several NGOs such as The Sehgal Foundation, through combined investment of farmers, have preferred to pilot solar pump initiatives in different parts of India
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Table of Content
Chapter 1 Industry Overview of Solar Pumps
Chapter 2 Manufacturing Cost Structure Analysis of Solar Pumps
Chapter 3 Technical Data and Manufacturing Plants Analysis of Solar Pumps
Chapter 4 Global Solar Pumps Overall Market Overview
Chapter 5 Solar Pumps Regional Market Analysis
Chapter 6 Major Manufacturers Analysis of Solar Pumps
Chapter 7 Development Trend of Analysis of Solar Pumps Market
Chapter 8 Solar Pumps Marketing Type Analysis
Chapter 9 Conclusion of the Global Solar Pumps Market Professional Survey Report 2018
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