Global “Solar Water Pumps Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Solar Water Pumps in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Solar Water Pumps Market report categorizes the market based on manufacturers, regions, type, and application. Solar Water Pumps Market reports offer a detailed assessment of the Solar Water Pumps including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Solar Water Pumps market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The solar water pump market is estimated to witness a high growth rate during the forecast period, 2018-2023. Solar water pumps are increasingly used in the regions where grid electricity is not available. Use of solar energy to drive the pumps cut down the operating cost, which is majorly consumed in the form of diesel. Also, stringent government regulations to reduce carbon footprints have been one of the major reasons for the increasing adoption of solar water pumps. Government in countries, such as China, India, Bangladesh, Pakistan, Morocco, Kenya, Namibia, and Nigeria have introduced financial subsidies, tax policies, price policies, and funding activities that have driven the solar water pump market. The potential for solar water pump can be identified from the fact that in countries, like Bangladesh, which are heavily dependent on diesel-based water pumps can save 450 million liters of diesel and reduce emissions by one million ton of CO2 annually, if 50,000 solar irrigation pumps are installed.
Government Regulations and Incentives Driving the Solar Water Pumps Market
The installation costs of solar water pumps are usually high and the investment payback period is found to be 4-6 years. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific are expected to drive the solar water pump market in the forecast period. For example. in India where the government has introduced a budget scheme in which the farmer has to pay only 10% cost of solar water pumps. The PV module costs have declined from 62 cents/W in 2015 to 33 cents/W in 2017, and is expected to further decrease with technological advancements in the coming years, and help to reduce the payback period and support the growth of the market.
Asia-Pacific Holds the largest Share in Solar Water Pumps Market
Asia-Pacific has emerged as the one of the largest solar pump market. The massive increase in power consumption in developing countries, such as China and India, with inadequate power generation capacity and grid infrastructure for irrigation and community water supply facilities, solar water pumps have a good chance of replacing the conventional pumps. Increasing awareness of the potential benefits of this technology has compelled a number of countries to accelerate the deployment of solar water pumps. For example, Bangladesh has set a target to deploy 50,000 solar pumps by 2025, India, 100,000 by 2021; and Morocco, 100,000 by 2022.
Bangladesh A Huge Market Potential
The farmers in Bangladesh had to spend Tk 2,000 for irrigating one third of an acre of land with conventional diesel or electric water pumps every season. The increasing power demand and need for safe drinking water has led to the deployment of solar water pumps in the country. Infrastructure Development Company Ltd. (IDCOL), a financing company in Bangladesh, tried and tested ownership model, wherein microfinance has been used as a tool to enhance rural households ability to afford capital-intensive solar home systems- is being applied to solar pumping solutions. IDCOL has set itself a target to deploy 50,000 solar irrigation systems by 2025. Under the proposed agreement, IDCOL provides a combination of grant and credit to partner organizations to install and operate pumps.
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The global Solar Water Pumps market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Solar Water Pumps Market Report covers the Top Key-players in 2021:-
- Lorentz -SunEdison
- Inc. -C. R. I. Pumps Private Limited -Solar Power & Pump Company
- LLC -Tata Power Solar Systems Ltd. -Shakti Pumps (India) Ltd. -Wenling Jintai Pump Factory Limited -Bright Solar Limited -GRUNDFOS -Symtech Solar
Highlighted points of Solar Water Pumps Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Solar Water Pumps Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Solar Water Pumps? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Solar Water Pumps Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Solar Water Pumps Market? What Was Capacity, Production Value, Cost and PROFIT of Solar Water Pumps Market?
- What Is Current Market Status of Solar Water Pumps Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Solar Water Pumps Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Solar Water Pumps Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Solar Water Pumps Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Solar Water Pumps Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Solar Water Pumps Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Solar Water Pumps Industry?
Key Developments in the Solar Water Pumps Market: in the Solar Water Pumps Market
January 2018: Lorentz installed a PS1800 C-SJ5-12 system in the village temple and school in Chok Na Sam, Thailand, which provides 30m3 of water per day
Solar Water Pumps Market M
Reasons to Purchase Solar Water Pumps Market ReportCurrent and future solar water pumps market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porters five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market share, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel
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Finally, the report Global Solar Water Pumps Market 2021 describes the Solar Water Pumps industry expansion game plan, the Solar Water Pumps industry knowledge supply, appendix, analysis findings, and the conclusion.
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