Solar Powered Irrigation System Market Report Analysis and Research Studies: In-Depth Insights and Key Players-Connexa, Bonergie, Jain Irrigation Systems Ltd.

DataM Intelligence has released a new research report on the Solar Powered Irrigation System market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Solar Powered Irrigation System Market reached USD 62.94 billion in 2023 and is expected to reach USD 112.24 billion by 2031, growing with a CAGR of 8.5% during the forecast period 2024-2031.

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The solar-powered irrigation system market focuses on sustainable and efficient irrigation solutions that utilize solar energy to optimize water use in agriculture. These systems include solar pumps, drip irrigation, and sprinkler systems designed to reduce reliance on conventional energy sources and lower operational costs. The market is driven by increasing demand for sustainable farming practices, the need for efficient water management in arid regions, and government initiatives promoting renewable energy adoption. As climate change impacts agricultural productivity, solar-powered irrigation systems are becoming essential for enhancing crop yields and ensuring food security.

List of the Key Players in the Solar Powered Irrigation System Market:

Connexa, Bonergie, Jain Irrigation Systems Ltd., LORENTZ, Rain Bird Corporation, SunCulture, Wien Energie GmbH, Bright Solar Limited, Netafim and Grundfos Pumps India Private Ltd.

Key Developments:

On December 7, 2021, Gujarat State Fertilizers Company Ltd announced the launch of the Sardar Package Scheme in over 41 taluks across Gujarat. This initiative aims to encourage the adoption of renewable energy, particularly solar energy, for irrigation purposes.

Earlier, on May 20, 2020, the American startup Khethwork introduced a new 320-watt solar irrigation pump in India. This innovative pump is designed to irrigate fields year-round, providing essential support to farmers who have limited access to groundwater and electricity.

Additionally, on December 22, 2020, Bboxx, a manufacturer of low-carbon energy solutions and utilities, launched a Solar Irrigation Scheme in Togo in partnership with the government. Under this collaboration, the company offers solar-powered farming and irrigation products to local farmers at a 50% subsidy, promoting sustainable agricultural practices in the region.

Research Process:

Both primary and secondary data sources have been used in the global Solar Powered Irrigation System Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Solar Powered Irrigation System Market:

By Type: Drip Irrigation, Sprinkler Irrigation, Surface Irrigation.

By Component: Solar Panel, Pump Controller, Submersible Water Pump, Inverter, Others.

By Application: Agricultural irrigation, Landscaping and gardening, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Solar Powered Irrigation System market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Solar Powered Irrigation System Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Solar Powered Irrigation System market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Solar Powered Irrigation System Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Solar Powered Irrigation System market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Solar Powered Irrigation System market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Solar Powered Irrigation System market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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