Press Release

Solar Water Pumps Market to be dominated by Submersible Pump segment through 2028

Increasing demand for clean energy pump systems and growing agricultural activities to drive Global Solar Water Pumps Market in the forecast period, 2023-2028.


According to TechSci Research report, “Global Solar Water Pumps Market - By Region, Competition, Forecast & Opportunities, 2028”, Global Solar Water Pumps Market is anticipated to grow at a 9.57% CAGR in the forecast period, 2024-2028, because of government subsidies to farmers, growing solar pump manufacturers and particularly in Asia pacific economies.

The market for solar water pumps has experienced rapid growth. Owing to the growing agricultural activity across the globe. Additionally, it is projected that greater production of renewable energy will improve the market's performance during the evaluation period.

Solar water pumps can be utilized to supply drinking water for domestic and commercial requirements. As a result, a solar-powered water pump is one of the most widely used technologies for providing water in rural and isolated locations without access to power, for the reason that it doesn't require any electricity source.


Browse over XX market data Figures spread through 180 Pages and an in-depth TOC on "Global Solar Water Pumps Market.”

 

Global Solar Pumps Market is divided into Type, Operation, Capacity, Application. Based on Operation, the market is divided into AC Pumps and DC Pumps. Based on Capacity, the market is divided into Below 5 HP; 5 HP; 5-8 HP & Above 8 HP. Based on Application, the market is divided into Irrigation, Drinking Water, Industrial & Others.

Based on Type, the market is divided into Submersible & Surface. Here, submersible Pump is expected to hold the largest market share due to better energy efficiency, it frequently depends on the water. In wells and boreholes, submersible pumps are fully submerged in the water source. Moreover, submersible pumps can be located horizontally inside water reservoirs with the minimum depth of 0.5 m parallelly fastened and equipped with a cooling sleeve to adequately cool the motor, which increases efficiency by using less power to move the fluid via the pump's liquid path.

Additionally, surface pumps are typically installed at a lake's edge on the water's surface. They can pull water from roughly 6.5 vertical meters and are highly suited for moving water over long distances. Deep underground, submersible pumps have suction heads which are more than ten meters high. As a result, it can pull water from much deeper sources. As per above mentioned factors the surface pumps segment is also expected to grow.

Based on the Operation, the market is broadly categorized into AC Pumps and DC Pumps. Moreover, A.C. pumps are expected to hold the largest market share due to their High Durability and Performance, a pump assembly with a DC motor is directly connected to a P.V. array by a DC controller. In addition, DC pumps have a lower rate of acceptance than AC pumps due to several cases like incorrect wiring, electronic circuitry failure, unsafe DC voltages, they did not offer a good electrical connection. Owing to which the demand for AC pumps is growing rapidly.

Based on the Capacity, this market is segmented into Below 5 HP; 5 HP; 5-8 HP & Above 8 HP, Upto 5 HP. Above 8 HP segment is expected to dominate the market though out the projected period due to its most suction head and is significantly less expensive feature and high-power ratings.

Based on Region, Asia Pacific region is expected to dominate the market for Solar Water Pumps during the forecast period. Asia-Pacific solar pump market is analyzed across China, Japan, South Korea, Australia, and rest of Asia-Pacific. In Asia-Pacific, solar energy is widely used in generation of electricity for standalone systems and rural electrification. The growth of the Asia-Pacific solar pump market is driven by increase in government initiatives, such as Akshay Urja, which includes electrification of rural areas. These initiatives are expected to increase the demand for PV energy, as governments would distribute solar pump in rural areas. Such initiatives are expected to increase the demand for solar pump and contribute toward the growth of the market.


Major companies operating in the Global Solar Water Pumps market are:

  • Alpex Solar Pumps
  • Aqua Group
  • Bright Solar Limited
  • C.R.I. Pumps Private Limited
  • Crompton
  • LORENTZ
  • Dankoff Solar
  • Duke Plasto Technique Private Limited
  • EcoSoach
  • Ecozen Solutions


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“The Global Solar Water Pumps Market is expected to expand during the projected period. During the forecast period, factors like rising demand for clean energy pump systems and favorable government incentives and tax refunds for the installation of solar water pump systems are anticipated to propel the market growth, The market for solar water pumps has been expanding quickly. Due to various national and local government regulations encouraging the production of energy from renewable sources to lessen reliance on fossil fuels and reduce pollution emissions, this was attributed to the low cost of PV panels, the substantial presence of solar water pump manufacturers, and the high awareness of solar water pumping. Additionally, the market has benefited from the PV industry's rapid development by spotting a decrease in the cost of solar water pumps market will future grow” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Solar Water Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Submersible & Surface), By Operation (AC Pumps, DC Pumps), By Capacity (Below 5 HP; 5 HP; 5-8 HP & Above 8 HP), By Application (Irrigation, Drinking Water, Industrial & Others), By Region, Competition, 2018-2028”, has evaluated the future growth potential of global Solar Water 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 the global Solar Water Pumps market.


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