Solar water pumps are used in several commercial and residential purposes, which are further used for pumping out the water by using the energy from the sun. These pumps are designed to utilize DC electric power from photovoltaic modules. These pumps are classified as fountain pumps, transfer pumps, irrigation pumps, pool pumps, circulation pumps in the pond, and house pumps. Also, solar water pumps offer a clean alternative to fuel generators and windmills.
Solar Water Pumping System Market: Key Players
The research study includes profiles of leading companies operating in the global Solar Water Pumping System market. Key players profiled in the report include: Bright Solar Limited, LORENTZ, Tata Power Solar Systems Ltd., C. R. I. Pumps Private Limited, Grundfos, Sunedison, Inc., and Others
Symtech Solar has installed multiple MW’s of on Grid PV in the Philippines with the support of Mr. Edwin Chavez and TEMPC. Both companies look forward to a bright and exciting 2020 and beyond due to formation of partnership.
Drivers for the Global Solar Water Pumping System Market:
With the increase in the global population, the demand for the energy is likely to increase in the estimated forecasts period, due to increased population in the coming years. The largest increases in energy demand will take place in developing countries where the proportion of global energy consumption is expected to increase from46 to 58 % in a span of 2004 and 2023. This is likely to lead to an increased demand towards the renewable energy, which is one of the major aspects, which will bolster the growth of the global solar water pumps market.
Opportunities for the Global Solar Water Pumping System Market:
The governments across the world have increased the subsidiaries for the renewable sources. By increasing the deployment of renewable, subsidies have played a role in reducing reliance on fossil fuels. This is very important for reducing greenhouse gas emissions and restricting global temperature rise. This is creating lucrative opportunities.
Restrains for the Global Solar Water Pumping System Market:
The costs of the installation of the solar pumps are nearly INR 36,000 which is one of the major factors, which hinders the growth of the market for the estimated forecasts period. Moreover, these pumps are not well suited for suction and can only draw water from about 6.5 vertical meters.
Region Wise, Global Solar Water Pumping System Market Analysis:
Asia-Pacific holds the largest share in the solar water pumps market owing to growing industrialization and immediate need to fulfill the electricity demand for agriculture and water & wastewater treatment that would boost the market for solar water pumps market in the region. China dominated the Asia-Pacific region owing to the enormous population and increasing infrastructure sector in order to cater to the massive population.
Global Solar Water Pumping System Market: Product analysis
- Up to 3HP
- 3.1 to 10HP
- Above 10HP
Global Solar Water Pumping System Market: Application analysis
- Drinking Water
- Municipal Engineering
Global Solar Water Pumping System Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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