India Solar Pumps Market is expected to grow at a CAGR of 28.10%
India
Solar Pumps Market is expected to grow owing to Growing concerns about
environmental sustainability and the impact of climate change throughout the
forecast period.
According
to TechSci Research report, “India
Solar Pumps Market - By Region, Competition, Forecast and Opportunities 2019-2029”,
the India Solar Pumps Market is expected to register robust
growth during the forecast period. The
Indian government has implemented various initiatives and subsidy programs to
promote the adoption of solar pumps. Schemes like Pradhan Mantri Kisan Urja
Suraksha evam Utthaan Mahabhiyan (PM KUSUM) provide financial incentives,
capital subsidies, and favorable policies to encourage farmers and businesses
to transition to solar-powered pumps. Government support significantly reduces
the upfront costs associated with solar pump installations, making them more
accessible and attractive to a broader range of users, particularly in the
agricultural sector.
The
agricultural sector in India, being a major consumer of solar pumps, presents
immense opportunities for market growth. As the government promotes
modernization and efficiency in agriculture, the demand for solar-powered
irrigation systems is likely to increase. Solar pumps offer a sustainable and
cost-effective solution for farmers, reducing dependence on traditional energy
sources and lowering operational costs. With increasing awareness and
government initiatives, there is a substantial market opportunity in catering
to the evolving needs of the agriculture sector.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Solar Pumps Market"
Based
on technology, the
RO Systems segment is expected to dominate the market during the forecast
period. The incorporation of maximum power point tracking (MPPT) technology in
solar pump controllers optimizes the power output from solar panels, ensuring
that the pump operates at peak efficiency even under varying sunlight
conditions. This trend aligns with the broader industry focus on maximizing
energy harvest from solar installations, making submersible solar pumps an
attractive option for users aiming to minimize environmental impact while
ensuring reliable water supply. Government initiatives and subsidies also play
a crucial role in the growth of the submersible solar pumps segment in India.
Schemes like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM
KUSUM) provide financial support and subsidies to farmers, encouraging them to
adopt solar-powered submersible pumps for agricultural activities. These
initiatives alleviate the initial financial burden on users, making submersible
solar pumps more accessible and affordable. The combination of government
support, technological advancements, and the inherent suitability of
submersible pumps for diverse applications positions this segment as a key
player in the India Solar Pumps Market. As the demand for efficient and
sustainable water pumping solutions continues to rise, the submersible solar
pumps segment is expected to witness further growth and innovation in the
coming years.
Key
market players in the India Solar Pumps Market are:-
- Tata Power
Solar Systems Ltd.
- Shakti Pumps
(India) Limited
- Crompton
Greaves Consumer Electricals Limited
- C.R.I. Pumps
Private Limited
- Oswal Pumps
Limited
- Aquasun Solar
Solutions
- Unnati Pumps
Pvt Ltd.
- Solar Universe
India Pvt. Ltd.
- JP Solar Energy
Pvt Ltd
- Vikram Solar
Limited
Download Sample Report
Customers can also request
for 10% free customization on this report.
“The
India Solar Pumps Market in South India is poised to be the dominant force in
the industry. Both regions
are witnessing the integration of advanced technologies in solar pumps. This includes
innovations in pump efficiency, smart monitoring systems, and the use of data
analytics for optimizing pump performance. Farmers and users in both East and
North India are benefiting from the increased reliability and efficiency
offered by technologically advanced solar pump systems.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India
Solar Pumps Market Segmented By Type (Submersible and Surface), By Region, and
By Competition 2019-2029”
has evaluated the future growth potential of India Solar Pumps Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Solar Pumps Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com