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Global Solar Water Pumps Market stood at USD484.46 million in 2021 and is forecast to grow at a CAGR of 8.46% by 2027

·5-min read
ReportLinker
ReportLinker

A solar water pump system is basically an electrical pump system that is powered by one or more Photovoltaic (PV) panels. A typical solar pumping system includes a solar panel array that runs on electricity, which in turn powers a bore or ground pump.

New York, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Solar Water Pumps Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027" - https://www.reportlinker.com/p06316621/?utm_source=GNW
Moreover, it operates on the photovoltaic principle. PV (photovoltaic) systems absorb radiant solar energy and convert it into electricity while a solar pump is operating. This generated electricity for the entire system is used for many purposes such as irrigation, potable drinking water and community water supply.

Rising Environmental Consciousness and Growing Demand to Reduce Reliance on Fuel Sources
The growing use of solar water pumps in areas without grid electricity is propelling the solar water pump market through 2027.Farmers in India, for example, are increasingly using solar pumps for irrigation due to unplanned power outages, with government assistance in the form of subsidies.

Such policies to encourage the use of solar pumps, combined with stringent government regulations on carbon emissions, are boosting the growth of the market.Numerous advantages provided by solar water pumps, such as higher efficiency, cost-effectiveness, ease of maintenance, long operating life, environmental friendliness, and less reliance on fuels, are accelerating market growth.

The growing agricultural activities to meet rising food demand, as well as the need for a clean and fresh source of water, are driving the use of solar water pumps for irrigation.

Growing Emphasis on Technological Advancement
Technological advancement is a major factor driving growth in the market for solar water pump systems.Manufacturers of solar water pump systems are looking for new ways to improve the operation and maintenance efficiency of solar panels and water pump systems.

Shakthi Pumps Limited, an Indian developer of water pumps and motors, for example, received a patent in April 2022 for a unidirectional solar water pump with a power generator system. By utilizing panels and generating extra power to feed the grid, the new technology ensures efficient performance.

Declining Prices of Solar Water Pumps
Millions of people across the world lack access to clean water.Ground water is extracted in many countries using electric water pumps that are powered by diesel.

However, these systems not only necessitate costly, on-going maintenance and the purchase of fuel, but they also pollute the atmosphere with carbon dioxide.Solar water pumps, also defined as photovoltaic water pumping (PVP), are a tested and proven option that is functionally, financially, and environmentally sustainable.

The cost of advanced solar technologies has dropped dramatically in recent years.Prices for solar panels used in such systems have dropped by up to 80%.

Furthermore, these panels have a lifespan of about 25 years and require little maintenance during that time. These factors have made solar water pumping an extremely viable way to increase energy access in developing countries and communities, while also creating a strong resistance to changes in rainfall caused by climate change or unreliable seasonal patterns.

Increasing productivity
Water collection is difficult for those living in developing countries.Solar-powered water pumps save time by eliminating the need to collect water, improve health, and free up time for more productive activities.

When farmers are not reliant on rainfall or electricity, they can produce more food. As a result, the market for Solar Water Pumps is steadily expanding.

Market Segmentation
Global Solar Water Pumps Market can be segmented into Type, Capacity, Application, Operation and Region.Based on Type, the market is segmented into Submersible & Surface.

Based on Capacity, the market is segmented into Below 5 HP, 5-8 HP & Above 8 HP.Based on Application, the market is segmented into Irrigation, Drinking Water, Industrial & Others.

Based on Operation, the market is segmented into AC Pump & DC Pump.

Company Profiles
Shakti Pumps (India) Ltd., Tata Power Solar Systems Ltd., C.R.I. Pumps Private Limited, Oswal Pumps Limited, Bernt Lorentz GmbH & Co. KG, Aquasub Engineering, Greenmax Technology, China Samking Solar Pump, Lubi Electronics, Vincent Solar Energy, Tulima Solar Ltd., Grundfos Holding A/S, Topsun Energy Limited, Jain Irrigation Systems Ltd., Novergy Energy Solutions Pvt. Ltd., Adpower FZCO are among the major market players in the Global Solar Water Pumps Market.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year:2022E
Forecast Period: 2023F–2027F

Report Scope:

The scope of the report is limited to solar water pumps and controllers excluding solar PV Panels.
In this report, Global Solar Water Pumps Market has been segmented into the following categories in addition to the industry trends which have also been listed below:
• Solar Water Pumps Market, By Type:
o Submersible
o Surface
• Solar Water Pumps Market, By Capacity:
o Below 5 HP
o 5-8 HP
o Above 8 HP
• Solar Water Pumps Market, By Application:
o Irrigation
o Drinking Water
o Industrial
o Others
• Solar Water Pumps Market, By Operation:
o AC Pump
o DC Pump
• Solar Water Pumps Market, By Region:
o Asia-Pacific
India
China
Japan
Indonesia
Australia
South Korea
Vietnam
Thailand
Bangladesh
Pakistan
o Africa
South Africa
Nigeria
Morocco
Algeria
Kenya
Zimbabwe
Namibia
Uganda
o Europe
Germany
Spain
Italy
France
United Kingdom
Russia
Netherlands
o North America
United States
Mexico
Canada
o South America
Brazil
Chile
Argentina
Colombia
Peru
o Middle East
Turkey
UAE
Saudi Arabia
Israel
Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Solar Water Pumps Market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06316621/?utm_source=GNW

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