India Solar Water Pump Market Expected to Register a High CAGR During the Forecast Period
Growing
investments in agricultural applications create market prospects, while
government incentives for solar energy adoption drive industry expansion.
According to TechSci Research report India Solar
Water Pump Market - By Region,
Competition Forecast & Opportunities, 2018-2028, the India Solar
Water Pump Market is expected to register robust growth during the
forecast period, 2024-2028.
An electrical pump system that uses one or more photovoltaic (PV) panels to
generate power is essentially what a solar water pump system is. In a solar-powered pumping system, a solar
panel array frequently drives an electric motor, which then powers a bore or
surface pump. A solar water pump is a device that uses solar energy to pump
water for various purposes such as irrigation, communal water supply, and
potable drinking water. Its application has decreased reliance on fossil fuels
such as coal, gas, and diesel. These systems require little fuel-free
maintenance and are ecologically friendly. It is one of the most effective uses
of solar energy and is practical in most of the world's rural and isolated
areas. It is projected that the demand for products in rural regions would
expand along with the requirement for a consistent supply of clean water and
agricultural operations.
A
solar water pump is a machine that uses solar energy to move water for
irrigation, communal water supply, and potable drinking water, among other
purposes. Utilization of it has decreased reliance on fossil fuels such as coal,
gas, and diesel. These systems are environmentally responsible and have little
maintenance needs. It is one of the world's most efficient solar energy
applications and is applicable in the majority of remote and rural places. It
is anticipated that as the need for a reliable source of clean water and
agricultural activities increases, so will the demand for items in rural areas.
Browse over XX market data Figures spread through 70 Pages
and an in-depth TOC on the "India Solar Water Pump Market"
The India Solar Water Pumps Market is
divided on the basis of type, capacity, application and operations. Based on
type, the market is further bifurcated into submersible and surface. Generally, submersible
and surface, which of these two types of pumps is more suitable depends on the
water supply. For the operational part in wells and boreholes, submersible
pumps are totally immersed in the water source. Moreover, submersible pumps can
be installed horizontally inside water reservoirs at a minimum depth of 0.5 m,
securely fastened, and equipped with a cooling sleeve (to enable adequate
cooling to the motor, which creates greater efficiency as less energy is needed
to move the fluid through the pump's liquid path).
Based on capacity, the market is further segmented
into below 5 HP, 5-8 HP and above 8 HP. These water pumps generally have a
maximum capacity of 5 HP . It has the most suction head and is significantly
less expensive than other power ratings.
Based
on application, the market is segmented into irrigation, drinking water,
industrial, and others. Farmers in India are the major consumers of solar water
pumps, accounting for almost 63% of the market's value. Irrigation is essential
because a significant portion of the Indian workforce—nearly 40%—depends on the
agricultural industry. These pumps are used in agriculture for irrigation,
which enables farmers better manage groundwater and regulate their water and
power supplies by using solar water pumps.
Based
on operation, the market is segmented into AC Pump and DC Pump. DC pumps last
longer and more efficient than equivalent-sized AC pumps since no power
conversion is required. These pumps, which have a power consumption of up to 4
kW, are frequently employed for lower head, lower volume (smaller) applications.
Furthermore, due to a number of cases of poor wiring, electronic circuitry
failure, hazardous DC voltages, and terminals that failed to provide a stable
electrical connection, DC pumps have a lower rate of adoption than AC pumps.
For
example, as of April 18, 2021, government initiatives in India have built
off-grid solar-powered water pumps that use renewable energy to pump water for
agriculture during the day, since certain communities in Maharashtra only have
electricity at night. This has greatly decreased issues such as water shortage.
As a result, surrounding farms must be able to run a water pump 24 hours a day.
Major market players in the India Solar Water Pump Market are:
-
- Alpex
Solar Pumps
- Aqua
Group
- Bright
Solar Limited, C.R.I
- Pumps
Private Limited
- Crompton
- Duke
Plasto Technique Private Limited
- EcoSoch
Solar
- Ecozen
Solutions
- Jackson
Group
- Novergy
Energy Solutions Pvt. Ltd
- Shakti
Pumps
- SunEdison
Infrastructure
- Surya
International
- Tata
Power Solar
- Waaree
Energies Ltd
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“The
requirement for solar water pumping systems is anticipated to expand with the
growth in agricultural investment since irrigation is a crucial factor for
farmers. Numerous government bodies have established subsidies for solar type
water pumps expansion, hence market is expected to grow further, in 2018-2028, ”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global consulting firm.
India Solar
Water Pump Market by Type (Submersible Pump, Surface Pump), By Operation (AC
Pump and DC Pump), By Capacity (Up to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, more
than 20 HP), By Application (Agriculture, Water Treatment, Others), By Region,
Competition, Forecast & Opportunities, 2018-2028 has
evaluated the future growth potential of India Solar Water Pump 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 Water Pump market.
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