Photovoltaic Pump Market Analysis, Growth and Global Outlook 2021 to 2027 - LORENTZ, Grundfos, CRI Group, Mono Pumps, Shakti Solar, Tata Power

Global Photovoltaic Pump Market Size and Forecast to 2021 – 2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Photovoltaic Pump data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as- LORENTZ, Grundfos, CRI Group, Mono Pumps, Shakti Solar, Tata Power, Bright Solar, USL, Advanced Power, SAJ, Chinalight Solar, CEEG, Quoncion Solar, Komaes Solar, Solartech, MNE, Evergreen Group.

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In 2020, the global Photovoltaic Pump market size was US$ 686.6 million and it is expected to reach US$ 1032.9 million by the end of 2027, with a CAGR of 6.0% during 2021-2027.

Market Overview:

A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.
India is the largest Photovoltaic Pump market with about 37% market share. Europe and China are follower, accounting for about 42% market share.
The key players are LORENTZ, Grundfos, CRI Group, Mono Pumps, Shakti Solar, Tata Power, Bright Solar, USL, Advanced Power, SAJ, Chinalight Solar, CEEG, Quoncion Solar, Komaes Solar, Solartech, MNE, Evergreen Group etc. Top 3 companies occupied about 34% market share.

This report segments the global Photovoltaic Pump market on the basis of Types are:

DC Surface Suction

AC Submersible

DC Submersible

AC Floating

On the basis of Application, the Global Photovoltaic Pump market is segmented into:

Living Water

Agrirculture

Others

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Photovoltaic Pump market.

The regional analysis is exclusively focused in the report:

- North America (United States, Canada and Mexico),

- Europe (Germany, France, UK, Russia and Italy),

- Asia-Pacific (China, Japan, Korea, India and Southeast Asia),

- South America (Brazil, Argentina, etc.),

- Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

Browse the report description and TOC: 

https://www.marketinsightsreports.com/reports/09223294746/united-states-photovoltaic-pump-market-report-forecast-2021-2027?Mode=A28

The study objectives of this report are:

To study and analyze the global Photovoltaic Pump size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2026, and forecast to 2027.
To understand the structure of Photovoltaic Pump by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Photovoltaic Pump manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Photovoltaic Pump with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Photovoltaic Pump submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Covid-19 Scenario:

Business and manufacturing units across various countries happened to suffer during the initial phase of the lockdown due to the outbreak of the pandemic. Suspended facilities and disrupted supple chains were the major factors that affected the market growth during this phase.

- However, most of the regions have either recovered or are recovering along with the mandatory precautionary measures to curb the spread. Also, vaccination drives across the region are now pacing up which is further assisting the industry growth.

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