Turkey Solar Water Pump Market is expected to be dominate by Submersible through 2028
Growing awareness of solar water pumping and increasing
technological advancements are expected to increase the growth of Turkey Solar
Water Pump Market during the forecast period of 2024-2028.
According to TechSci Research report, “Turkey Solar Water Pump Market – By Region, Competition
Forecast & Opportunities, 2018-2028, the Turkey Solar Water Pump Market
is expected to see a considerable growth during the forecast period due to the
low cost of water pumps. Moreover, growing awareness of solar water pumping due
to local government regulations encouraging energy production from renewable
sources to reduce reliance on fossil fuels and reduce pollution emissions will
boost the market. The market has benefited from the rapid advancement in
technology, lowering the cost of solar water pumps, which is driving the growth
of the Turkey Solar Water Pump Market in the forecast period.
Moreover, the biggest obstacle for the
adoption of solar water pump is financing. Solar water pumps have a higher
initial investment than conventional water pumps, even though the
"fuel" is free and maintenance costs are cheap. This can be a
significant barrier to switching to solar energy, especially for small-scale
farmers. Solar water pumping loans are expensive (small-scale), high-risk
investments with long repayment times for many banking institutions. Moreover,
there is a lack of availability of spare parts in the market hampering the
further growth of the Turkey Solar Water Pump Market.
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Turkey Solar Water Pump
Market is segmented into type, capacity, application,
operation, and region.
Based on operation, DC
pump is expected to dominate in the Turkey Solar Water Pump Market as compared
to AC pumps, DC pumps are more energy-efficient and require less solar panels
to run. Additionally, a DC pump employs motor coils made of pure copper, but an
AC solar pump combines motor coils made of aluminum and copper to attain a
reasonable pricing. DC pumps use internal BLDC motors with advanced
manufacturing techniques, but AC pumps use older motor technology.
Additionally, the noise level of an AC pump will rise over time as usage
increases. As a result of all these factors, it is anticipated that the DC pump
would grow during the forecast period.
Based on type, submersible is expected
to dominate in the Turkey solar water pump market due to the greater reliance
on ground water and the use of submersible water pumps for groundwater
extraction. Moreover, traditional submersible pumps are high-power devices that
incur huge electricity costs. Therefore, solar-powered submersible water pumps
can reduce energy charges and provide water flow in the required amount.
Additionally, submersibles have a longer lifespan and are also used for
residential and commercial purposes. Further, Turkey government is providing
subsidies for solar water pumps. Thus, the market for submersibles is expected
to increase in the future.
Major market players
operating in the Turkey solar water pump market are:
- Samli Solar Enerji Ltd.
Sti.
- Tekniksolar Enerji
Aydinlatma Insaat Sanayi Ve Ticaret Limited Sirketi
- Sumak Pompa A.Ş.
- Gest Energy
- VANSAN Water
Technologies
- WILO SE
- Lorentz
- Shenzhen Solartech
Renewable Energy Co., Ltd
- C.R.I. Pumps Private
Limited
- CW ENERJİ MÜH. TİC. VE SAN. A.Ş.
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“Turkey solar water pump market is
expected to augment during the forecast period. This is attributed to the boom
in agricultural activities and increased demand for electricity from renewable
sources of production. In recent years, the demand for solar water pumps has
grown at a tremendous rate. This can be attributed to the low cost of the solar
water pumps, due to the local government aimed at promoting the production of
energy from renewable sources, and a strong awareness of solar water pumping to
minimize pollution emissions and decrease dependence on fossil fuels.
Therefore, the rapid development of solar energy has benefited the market by
decreasing the prices of solar water pumps.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
“Turkey Solar Water Pump
Market By Type (Submersible & Surface), By Capacity (Below 5 HP, 5-8 HP
& Above 8 HP), By Application (Irrigation, Drinking Water, Industrial &
Others), By Operation (AC Pump & DC Pump), By Region, Competition Forecast
& Opportunities, 2018-2028”, has evaluated the future growth
potential of Turkey 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 Turkey Solar Water Pump Market.
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