Press release
Solar Water Pump Systems Market 2021 Precise Outlook –Tata Power Company Limited, KSB Limited,Shakti Pumps (India) Ltd., Bright Solar Ltd., and BERNT LORENTZ GmbH
Global Solar Water Pump Systems Market – Growth, Trends, And Forecast (2021 – 2025)The report presents an in-depth assessment of the Global Solar Water Pump Systems Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Solar Water Pump Systems investments from 2021 till 2025.
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The Global Solar Water Pump Systems market is highly competitive and consists of a number of major players. Companies, like Tata Power Company Limited, KSB Limited,Shakti Pumps (India) Ltd., Bright Solar Ltd., and BERNT LORENTZ GmbH. among others.
Scope of the Report
The global solar water pump systems market is expected to grow at a CAGR of more than 4.5% over the period of 2020-2025. Factors such as stringent government regulations to reduce carbon footprints and use of solar energy to drive the pumps which cuts down the operating cost, are expected to drive the market during the forecast period. Moreover, the solar water pumps are very beneficial in remote locations, where supply of electricity is inadequate, and locations where the availability of conventional fuel for powering water pumps is not available. However, the high installation cost associated with solar water pumping and unavailability of specialized service providers in remote locations are restraining the growth of the market.
Key Market Trends:
Submersible Pump Segment to Dominate the Market
- Submersible pumps are located deep below the ground level and its suction head is beyond a depth of 10 meters, so it can lift water from significantly deeper source. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific are expected to drive the solar water pump systems market in the forecast period.
- Irrigation is a major application area for solar pumps in India. This makes India a land of huge market opportunity for solar submersible pumps. The Government of India had set ambitious targets for expanding the country�s renewable energy generating capacity, and in 2010 launched the Jawaharlal Nehru National (JNN) Solar Mission.
- In 2014, as part of this mission, the Ministry of New and Renewable Energy (MNRE), India, outlined the Solar Pumping Programme for Irrigation and Drinking Water, which sought to promote the adoption of solar pumps over five years. Hence, due to such government support, submersible pumps market in India is expected to provide ample opportunity for pump manufacturers in this area.
- Moreover, the submersible solar pump systems are used majorly for irrigation and supply of potable water. The oil and gas sector is also embracing these pumps for the purpose of chemical injection, as these pumps do not emit greenhouse gases, hence promulgating the growth of solar power pump systems.
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The key insights of the Solar Water Pump Systems Market report:
The report provides status of the Solar Water Pump Systems market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Solar Water Pump Systems market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2025 market development trends of Solar Water Pump Systems Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Solar Water Pump Systems Industry before evaluating its feasibility.
Finally, Solar Water Pump Systems Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Solar Water Pump Systems industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– 3 months of analyst support
How we have factored the effect of Covid-19 in our report:
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