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Global Solar Water Pump Market Growth, Size, Share, Industry Report and Forecast 2021-2027

06-21-2021 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global Solar Water Pump Market Growth, Size, Share, Industry

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 Request a Sample of our Report on Global Solar Water Pump Market: 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.

Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027

Segment Covered-
• By Type
• Component
• Applications
• End-user

Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape- Tata Power Solar Systems Ltd., Grundfos Pumps Corp., Bright Solar Ltd., LORENTZ, Shakti Pumps Ltd.
Recent Strategic Initiatives in the Global Solar Water Pump Market
In March 2021, Shakti Pump Ltd. announced that it has received a contract from the Uganda Government from the Ministry of Water and Environment for the Supply of solar-powered water pumping systems. The order export was $35 million from Uganda.

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A full Report of Global Solar Water Pump Market is Available at: https://www.omrglobal.com/industry-reports/solar-water-pump-market

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

Regional Analysis

North America
• United States
• Canada

Europe
• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific
• India
• China
• Japan
• Rest of APAC
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.
• Topsun Energy Ltd.
• Udhaya Semiconductors Ltd.
• Waaree Energies Ltd.
• Symtech Solar Group.

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/solar-water-pump-marke

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

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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