Press release
Global solar water pump Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
The global solar water pump market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The market growth is mainly attributed to the adoption of solar water pumps over diesel pumps owing to zero fuel costs and less labor and maintenance. The prominence of solar water pumps has been increasing gradually over the years due to its offering of clean, sustainable energy solutions when compared to fuel-powered pumps. The rise in fuel prices coupled with the shortage of the same is major restraints of diesel pumps, in turn boosting the adoption of solar water pumps. Furthermore, the high maintenance and other financial risks associated with the diesel pumps have resulted in an increased inclination toward solar water pumps, owing to their relatively greater advantages. In addition, increasing cohesive government initiatives promoting the use of solar water pumps in several countries is stimulating the growth of the solar water pump market.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/solar-water-pump-market
According to the 2018-2019 report of the Ministry of New and Renewable Energy (MNME), in India about 240,000 solar PV water pumps have been sanctioned and over 237,000 solar pumps have been installed as of March 2019. Likewise, the Government of India announced various schemes to meet their renewables targets for 2022 by providing financial support of around $4.7 billion to the implementing agencies. The initiatives intend to install 1.75 million solar-powered agriculture pumps of the individual pump by the end of 2022.
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Global Solar Water Pump Market Report Segment
By Type
• Surface Water Pumps
• Submersible Water Pumps
By Applications
• Agricultural
• Water Supply
• Other (Oil and Gas Fracking Activities)
By End-User
• Small-Scale Based
• Large-Scale Based
Global Solar Water Pump Market by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of the Asia-Pacific
Rest of the World
Company Profiles
• Alpex Solar Pvt. Ltd.
• Bright Solar Ltd.
• C.R.I. Pumps Private Ltd.
• Grundfos Pumps Corp.
• Jain Irrigation Systems Ltd.
• JJ PV Solar
• Kirloskar Brothers Ltd.
• LORENTZ
• Lubi Electronics
• Rainbow Power Company Ltd.
• Shakti Pumps (India) Ltd.
• Span Pumps Pvt Ltd.
• SunEdison, Inc.
• Tata Power Solar Systems Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/solar-water-pump-market
Media Contact:
Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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