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Solar Water Pumps Market Highlights:-Improving economic conditions are undoubtedly supporting the market growth, boosting the consumer’s purchasing power. Also, expansion of distribution channels is expected to provide impetus to the market growth during the forecast period.
Solar pumps are increasingly being used in domestic and agriculture applications, especially for delivering drinking water for livestock and irrigation. Also, solar water pumps are used in oil and gas fracking activities to reduce the environmental impact of the oil recovery process.
On the other hand, in many countries awareness about the benefits of solar water pumps is still low which is expected to impede the Solar Water Pumps Market growth. As a result of increasing demand for sustainable water supply, additional funding is being secured which will enable the initiatives to expand the demand in the emerging regions, scaling up the market size.
Industry Top Key Players:-
• Shakti Solar Pumping System
• WENLING JINTAI PUMP FACTORY
• Bright Solar Pvt. Ltd.
• Grundfos
• American West Windmill and Solar Company
• Lorentz
• SunEdison, Inc.
• CRI Pumps Pvt. Ltd
• Solar Power & Pump Co LLC
• Tata Power Solar Systems Ltd.
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Industry News:-
In August, 2016 – The Indian state of Haryana is set to offer 90% subsidy to promote solar water pumps of 2 horsepower, 5 HP and 10 HP in the current financial year. Under the initiative, farmers will need to bear just 10% cost while the rest will be shared between the central and state governments as financial assistance for setting up 3,050 such pump sets.
In March, 2018 – India and France have committed more than US$2 billion to fund solar-energy projects in developing countries. The money will be potentially spent on developing solar technologies such as solar water pumps to help people in the developing nations to have access to clean water and for irrigation purposes.
Global Solar Water Pumps Market – Regional Analysis
The North America market is estimated to increase at a significant pace during the assessment period. Moreover, sectors that are heavily reliant on water, such as pharmaceutical, food & beverages, and water treatment are fuelling the sales in the market.
Europe region is another lucrative market for solar water pumps. The market in the region is growing mainly due to the flourishing food & beverage and water treatment sectors.
The Middle East region is demonstrating enormous potential mainly due to the efforts from the countries in the region for reducing the dependency on their oil and gas market which provides opportunities to a flourishing water treatment market translating into demand for solar water pumps.
Simultaneously, factors such as the increased demand for clean drinking water in countries such as Nigeria, Morocco, Kenya, and Namibia in the African region, is providing impetus to the market growth, driving the demand for the solar pumps in the region. Also, the UN development programs to promote the use of solar energy in the region are fostering the market growth.
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Intended Audience:
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Product Analysis:
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information:
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/solar-water-pumps-market-3980
Release ID: 410569
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