openPR Logo
Press release

India Solar Water Pumping System Market (2017-2022)-6Wresearch

India Solar Water Pumping System Market (2017-2022)-6Wresearch

India Solar Water Pumping System Market (2017-2022)-6Wresearch

Government Initiatives Coupled with Reduction in Cost to Drive India’s Solar Water Pumping System Market– 6Wresearch

Currently, 26 million agricultural pumps are installed in India of which nearly 7 million pumps are diesel based and remaining are grid connected. However, due to unreliable grid supply and increasing diesel prices, solar water pumping system offers immense opportunities to replace conventional pumps.

According to 6Wresearch, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22. At present, solar water pumping system market in India is subsidy driven, where non-subsidized pumps accounts for marginal share in the market. The Ministry of New and Renewable Energy (MNRE) is implementing solar pumping programme through States, NABARD & other Government departments. MNRE is providing 30% capital subsidy for setting up of solar water pumping systems. In addition to the subsidy provided by MNRE, states provides subsidy assistance in the range from 40% to 60% to implement solar agriculture pump programme.

According to Rajat Kharbanda, Senior Consultant, 6Wresearch, “High capital cost is the major hurdle in the growth of solar water pumping system market. Regardless of subsidies provided by the government, solar pumps are still unaffordable for small farmers due to their high upfront cost in comparison to diesel and electric pumps.”

“However, the market is anticipated to gain momentum in coming years driven by reduction in cost of solar pumping system with innovations in product development and growing awareness about solar pumps.”, Rajat concluded.

According to Ravi Bhandari, Research Analyst, Research and Consulting, 6Wresearch, “Medium power solar water pumps has captured major share of the market as these meet the current power requirement for irrigation application, where 5HP pumps are in high demand.

“In 2015, AC driven pumps have captured majority of market due to strong after sales service network and low cost in comparison to DC pumps. However, DC pumps are gaining grounds in the market, especially in low HP segment due to their technological superiority and higher efficiency over AC pumps.” Ravi further added.

Some of the major companies in India Solar Water Pumping System market include- Jain Irrigation, Shakti Pumps, TATA Power Solar, Claro Energy, Waaree Energies and Kirloskar Brothers Limited.

“India Solar Water Pumping System Market (2017–2022)” provides in-depth analysis with 29 figures and 5 tables covered in more than 90 pages. The report estimates and forecast overall India solar water pumping system market by revenues, volume, power rating, design type, drive type, applications and regions. The report also gives the insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Source Link : http://www.6wresearch.com/press-releases/india-solar-water-pumping-system-market-sun-energy-share-forecasts-trends-players-size-growth-opportunity-media-news.html

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

With over 1000 custom research projects, 6Wresearch is a global market research and consulting firm specializes in niche and emerging markets.The Company over the past few years has developed itself to be a renowned market intelligence company which led strong emphasis on competitive and strategic intelligence.

6Wresearch, through its integrated survey model, offers its client real time market and competitive intelligence and thus enable our clients to devise market entry strategies to target particular market and geography.

Delhi/NCR Office
809, 8th Floor, Pearls Best Heights - II
Netaji Subhash Place, Pitampura
New Delhi, India-110034
Phone: +911143024305

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India Solar Water Pumping System Market (2017-2022)-6Wresearch here

News-ID: 392538 • Views:

More Releases from 6Wresearch- Market Intelligence Solutions

The Enduring Popularity of Jeans in a Changing Fashion Landscape
The Enduring Popularity of Jeans in a Changing Fashion Landscape
Jeans continue to experience strong global market growth, driven by their lasting charm, widespread acceptance, and increasing demand across age and style groups. Despite the evolution of fashion and emergence of competing apparel types, jeans have maintained their spot as a universal wardrobe essential. Their reliable comfort, enduring quality, and style flexibility help reinforce their popularity, making them one of the most consistently chosen clothing items by consumers around the
Global Homeopathic Medicine Market Expands with Rising Demand for Safe and Holistic Treatments
Global Homeopathic Medicine Market Expands with Rising Demand for Safe and Holis …
The global homeopathic medicine market is experiencing consistent progress in various sectors like wellness, healthcare, and personal care. Increasing demand for preventive healthcare, growing awareness about alternative and natural treatment techniques, and innovations in homeopathic formulations are fueling market expansion globally. Homeopathic medicines are commonly used for numerous applications such as seasonal illnesses, skin disorders, chronic disease management, and mental health. With advanced delivery techniques, enhanced quality standards, and regulatory
Smart, Durable, and Stylish: Global Helmet Market Gains Momentum
Smart, Durable, and Stylish: Global Helmet Market Gains Momentum
The global helmet market is experiencing consistent growth in various sectors like construction, defense, sports, and personal safety. Innovations in helmet technology, growing awareness about head safety, and the requirement for durable and comfortable protective gear are propelling market development across the world. Helmets are important for many uses such as cycling, motorcycling, industrial work, defense, construction, and sports activities. With lightweight materials, enhanced safety features, and ergonomic designs, helmets
Modernization and Urban Air Mobility Driving Steady Growth in the Global Helicopter Market
Modernization and Urban Air Mobility Driving Steady Growth in the Global Helicop …
The global helicopter market is witnessing consistent progress in various sectors like commercial, defense, emergency medical, and private. Innovations in helicopter technology, growing demand for air transportation, and the requirement for efficient and safe aerial operations are fueling market development across the world. Helicopters are important for many uses like military operations, passenger transport, search and rescue, emergency medical services, and logistics in remote areas. With improved modern avionics and

All 5 Releases


More Releases for India

Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the
12-11-2018 | Health & Medicine
Pasta
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will