Solar Water Pumps Market Research Report – Forecast To 2023. Global Solar Water Pumps Market Information Report by Product (DC Surface Suction, AC Submersible, DC Submersible, AC Floating), by Application (Agriculture, Drinking Water) and by Region – Global Forecast to 2023.
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The key players of the global solar water pumps market are Lorentz (Germany), SunEdison, Inc. (U.S.), CRI Pumps Pvt. Ltd (India), Solar Power & Pump Co LLC (U.S.), Tata Power Solar Systems Ltd. (India), Shakti Solar Pumping System (India), WENLING JINTAI PUMP FACTORY (China), Bright Solar Pvt. Ltd. (India), Grundfos (Denmark) and American West Windmill and Solar Company (U.S.).
A Solar Water Pump is a device, which runs on the electricity generated by photovoltaic panels. Solar water pumps are not connected with the grid and result in very less emission compared to conventional pumps. Solar water pumps are increasingly used in regions where grid electricity is unavailable and alternative sources such as wind do not provide enough power for operations. Solar pump components consists of solar panels, a controller and a pump while the size of the PV system determines the operating capacity of the pump.
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.
The Solar Water Pumps Market is expected to grow at a CAGR of 5.6% during the forecast period.
Global Solar Water Pumps Market:
The global solar water pumps market is driven by the increased agriculture activities along with the increase in use of water for water based agricultural practices. The Asia-Pacific region is the leading market for solar water pumps. Rapid agriculture activities in countries such as China, India, Bangladesh and Pakistan and reduced grid connectivity for agricultural activities, drive the market for solar water pumps in these countries. Furthermore, increased need for clean water for drinking and irrigation in countries such as Morocco, Nigeria, Namibia and Kenya, in the African region, is also driving the need for the solar pumps in the region. The UN development programs to promote the use of solar energy in the region, is also driving the market.
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