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Solar Powered Irrigation System Market Size Analysis and Regional Analysis Forecast to (2024-2031) | Connexa, Bonergie, Jain Irrigation Systems Ltd.
Solar Powered Irrigation System Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Solar Powered Irrigation System market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Solar Powered Irrigation System Market reached USD 62.94 billion in 2022 and is expected to reach USD 112.24 billion by 2031, growing with a CAGR of 8.5% during the forecast period 2024-2031.
What is Solar Powered Irrigation System Market?
A solar-powered irrigation system uses solar energy to operate water pumps and irrigation equipment, providing an efficient and sustainable method for watering crops. These systems harness solar panels to convert sunlight into electricity, powering pumps that deliver water from wells, rivers, or reservoirs. By reducing reliance on conventional energy sources, they help conserve water and lower operational costs for farmers.
Growth Driver
The growing demand for sustainable agriculture significantly boosts the market for solar-powered irrigation systems, which offer notable environmental benefits by reducing greenhouse gas emissions and minimizing agriculture's ecological footprint. Traditional irrigation methods, reliant on fossil fuels, contribute to carbon emissions and air pollution; transitioning to solar-powered systems mitigates this impact and supports climate change efforts. According to the UK's Department for Environment, Food and Rural Affairs (DEFRA), solar-powered irrigation can reduce greenhouse gas emissions by up to 90% compared to conventional diesel-powered systems.
Key Players:
Profiles of some of the major players in the global Solar Powered Irrigation System market, which include Connexa, Bonergie, Jain Irrigation Systems Ltd., LORENTZ, Rain Bird Corporation, SunCulture, Wien Energie GmbH, Bright Solar Limited, Netafim and Grundfos Pumps India Private Ltd.
Industry Development:
On December 7, 2021, Gujarat State Fertilizers Company Ltd. launched the Sardar Package Scheme across 41 taluks in Gujarat to promote renewable energy, particularly solar energy, for irrigation. Earlier, on May 20, 2020, American startup Khethwork deployed a 320-watt solar irrigation pump in India, designed to provide year-round irrigation for farmers with limited access to groundwater and electricity. Additionally, on December 22, 2020, Bboxx, in partnership with the Togo government, introduced a Solar Irrigation Scheme, offering solar-powered farming and irrigation products to local farmers at a 50% subsidy.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Solar Powered Irrigation System market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.
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
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, 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
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviors.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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