Solar Pumps Market In-Depth Analysis and Growth Strategies 2027 - Top Companies American West Windmill and Solar, Bright Solar Limited, Grundfos, LORENTZ, Rainbow Power Company, Shakti Pumps, Solar Power and Pump Company, Tata Power Solar Systems and USL
The solar pumps run on electricity generated by the solar panels and are advantageous over conventional pumps on account of cleaner energy source. Emerging world economies, such as India and China, in the APAC regions, present immense market potential on account of inadequate generation and massive consumption in these regions.
Besides, the government in these countries are continually working towards deploying solar pumps and are increasingly offering subsidies and assistance for the same.
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Top Leading Market Players:
1. American West Windmill and Solar Co.
2. Bright Solar Limited
5. Rainbow Power Company Ltd
6. Shakti Pumps (India) Ltd.
7. Solar Power and Pump Company, LLC
8. Tata Power Solar Systems Ltd.
10. Wenling Jintai Pump Factory Limited
The solar pumps market is anticipated to witness a healthy growth in the forecast period with increasing agricultural activities and financial incentives from the government encouraging exploitation of renewable energy. Moreover, strict regulations to reduce carbon footprint is further expected to fuel the growth of the solar pumps market.
The high initial costs over conventional diesel pumps, however, may hamper the growth of the solar pumps market. Nonetheless, depleting fossil fuels, leading to greater dependency on renewable energy, offer substantial growth opportunities for the players operating in the solar pumps market during the forecast period.
Market Segmentation :
The global solar pumps market is segmented on the basis of product type, end user and pump capacity. Based on product type, the market is segmented as DC surface suction solar pumps, DC submersible solar pumps, AC submersible solar pumps, and AC floating solar pumps. On the basis of the end user, the market is segmented as residential and commercial. On the other h and , by pump capacity, the market is segmented as below 5PH, Up to 5PH, 6 to 8PH, and above 8PH.
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Solar Pumps Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years.
Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
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