Press release
2023-2030 Solar Water Pump Systems Market Sustainable Solutions for Water Management System | LORENTZ, Novergy, Shenzhen Solartech Renewable Energy Company
The market for solar water pump systems was worth USD 0.86 billion in 2023, and it is anticipated to rise to USD 1.94 billion by 2030, at a CAGR of 10.56%. The use of renewable energy sources has increased the demand for solar water pump systems worldwide. In emerging nations like India where the infrastructure is expanding, solar energy is primarily used. Solar panels and a motor connected to PV make up a solar water pump system. The water pump motor, which is commonly used in the agriculture business for irrigation, is powered by solar panels. And because it lowers the farmers' electrical expenditures, its use has been rising. The government is also promoting the use of solar water pumps as a clean, safe way to help cut carbon emissions from the agriculture industry's use of electricity. However, its installation cost, which is quite high, is the issue.
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The Key companies profiled in the Solar Water Pump Systems Market:
The study examines the Solar Water Pump Systems Market's competitive landscape and includes data on LORENTZ, Novergy, Shenzhen Solartech Renewable Energy Company, TopSun, SAMKING, Advanced Power Inc., Tata Power Solar, Zhejiang Baile Pump Line Co., Ltd., Hebei Guonai Electromechanical Device Co., Ltd. & Others.
Global Solar Water Pump Systems Market Split by Product Type and Applications
This report segments the Solar Water Pump Systems Market on the basis of Types:
Solar AC Water Pump Systems
Solar DC Water Pump Systems
On the basis of Application, the Solar Water Pump Systems Market is segmented into:
Residential
Commercial
Industrial
Agricultural
Others
The surge in interest in alternative energy sources to lessen reliance on fossil fuels. The market for green energy has expanded in response to the rising demand for power. This market is backed by the government and is a significant investment opportunity. The government has been reducing tariffs and offering rewards for using solar pumps and adding solar panels to homes. The market for solar water pump plants is being driven by the rise in industrialization and urbanization. Solar energy is accessible, inexpensive, and doesn't harm the environment. They are specifically made to use DC current for things like irrigation, fountains, pools, ponds, and other things around the house.
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The market is divided into North America, Europe, Asia Pacific, and the Rest of the World based on regional analysis. The Asia Pacific region will control the largest portion of the industry. The dominance of Asia Pacific can be attributed to the region's rapid industrialization and immediate need for energy to support water and wastewater treatment, agriculture, and other uses. To meet the demands of a huge population, the producers in this area are concentrating on the Asia Pacific market.
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Market Segmentation:
Solar Water Pump Systems market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The producers have introduced a particular type of pump termed a "submersible pump" that is made specifically to extract water from deep sources in response to the demand for irrigation. To pump the water, they are tucked quite deeply into the earth. Submersible pumps are currently employed for chemical injection in the oil and gas industry in addition to irrigation. The government has been providing farmers with subsidies to use submersible pumps in important areas like irrigation. With the help of the government, it has grown to be the biggest market opportunity. an increase in solar energy usage awareness. Solar water pumps are being used in Bangladesh's water supply industry.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Solar Water Pump Systems Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Solar Water Pump Systems Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Solar Water Pump Systems Market Analysis
Chapter 6 East Asia Solar Water Pump Systems Market Analysis
Chapter 7 Europe Solar Water Pump Systems Market Analysis
Chapter 8 South Asia Solar Water Pump Systems Market Analysis
Chapter 9 Southeast Asia Solar Water Pump Systems Market Analysis
Chapter 10 Middle East Solar Water Pump Systems Market Analysis
Chapter 11 Africa Solar Water Pump Systems Market Analysis
Chapter 12 Oceania Solar Water Pump Systems Market Analysis
Chapter 13 South America Solar Water Pump Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Solar Water Pump Systems Business
Chapter 15 Global Solar Water Pump Systems Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
Global Solar Water Pump Systems Market Research FAQs
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