Africa Solar Water Pumps Market is anticipated to grow at
a good pace during the forecast period of 2024-2028, thanks to the rising investments by the African
governments in an effort to lessen the dependence on fossil fuels and lower
greenhouse gas emissions.
When compared to conventional water pumps,
solar pumps are strong, easy to install, and require little maintenance. These
pumps have a maximum lifespan of 20 years. However, the solar panels must
occasionally be cleaned to function. These kinds of pumps are typically
employed in areas where there is an electricity issue since a reliable power
supply is otherwise unavailable.
When solar energy hits PV panels, the solar
panel uses Si wafers mounted inside the PV panels to transform the solar energy
into electrical energy. The electrical motor is then powered by solar energy to
run the pumping system utilizing cables. The pump starts to draw water from the
earth and supplies it to the fields when the shaft that is fixed to it
revolves.
Submersible Pump Type Segment to Dominate Market
Deep underground, submersible
pumps have suction heads that are more than ten meters high. As a result, it
can pull water from much deeper sources. The market for solar water pump
systems is anticipated to grow significantly during the projected period as a
result of government subsidies to farmers and solar pump manufacturers. Additionally,
irrigation and the provision of drinkable water are the two main aspects of
submersible solar pump systems. As these pumps don't generate greenhouse gases,
the oil and gas industry are also utilizing them for chemical injection, which
is promoting the expansion of solar power pump systems.
Submersible pumps have a wide
range of uses. In their most basic form, these pumps simply pump water up from
the ground or a tank's bottom. Moreover, submersible pumps move wastewater,
pushing smaller-sized materials that have been crushed up. Submersible pumps including
water submersible pumps, sewage submersible pumps, solar submersible pumps,
12-volt submersible pumps, and irrigation submersible pumps can be employed in several
settings. The most common well pump types include electric submersible pumps
that are 2, 3, 4, 6, 8, and 10 inches in length, air-driven bladder pumps,
borehole pumps, and line shaft turbines.
Increasing Investments in Agriculture Applications Open New Opportunities
One
of the key industries that significantly boosts a nation's GDP growth is
agriculture. The demand for solar water pumping systems is expected to expand
with the increase in agricultural investment because irrigation is a crucial
factor for farmers. The potential for solar pumps is expected to grow in the
next years as a result of the sector's increased modernization and the gradual
transition to sustainable energy sources. For instance, on June 11, 2020,
Kenya's National Budget announced an investment of USD 35 million to expand
community household irrigation, which will enable individual farmers to double
their agricultural yield by using these solar pumps since they are powered by
the sun and money is saved on fuel. This announcement was a major boost for the
irrigation sector. This could lead to an improvement in the smallholder
farmer's income, resiliency, and crop productivity. As a result, chances for
implementing such pump systems are created by investment expenses.
Africa
still imports agri-products worth billions of dollars every year even though
agriculture accounts for approximately half of the continent's workforce and
accounts for 35% of its GDP. Africa will no longer need to import as many, thanks
to the African Continental Free Trade Area (AfCFTA) accord, which will also
significantly increase domestic processing capacity. A New Age for International Trade and Investment
in Africa: The AfCFTA — By 2030, the free trade area—one of the biggest in the
world in terms of both population and GDP—is expected to house 1.7 billion
people and manage USD 6.7 trillion in consumer and company spending. Numerous
African industries will undergo radical change as a result of the agreement but
given agriculture's already significant economic contribution and enormous
development potential, it stands to gain the most. The research from the Forum
claims that because of its upstream and downstream connections, agriculture has
a remarkable potential for boosting intra-African commerce, satisfying local
demand, speeding GDP growth, creating new jobs, and enhancing inclusion. It
will boost value addition, satisfy fresh local demand, and integrate
smallholder farmers—who produce 80% of Africa's food—into larger supply
networks.
Government Subsidies to Adopt Solar Energy
With
the shift towards clean renewable energy sources, and to enhance the acceptance
and adoption of solar-powered water pump systems, several government bodies
have established various kinds of subsidies for solar-type water pumps. These
subsidies reflect the shift towards clean renewable energy sources and clean
energy. For instance, a subsidy on the pumps that aims to encourage their
uptake to lessen the adverse environmental effects and reduce dependence on
fossil fuel-powered pumps has a significant impact on the market in Africa. Globally,
renewable energy (RE) is gaining momentum as a competitive alternative to
conventional fossil fuels in both industrialized and developing regions, such
as Africa. While many of the UN's 2030 Sustainable Development Goals may be
achieved by both developing and rich countries with the help of RE (SDGs). To
be able to implement the SDGs plan, the 2030 Agenda mandates that countries
adjust their policies, governance, and commitments. As a result, the majority
of nations have created national development plans that are in line with the
SDGs. Many types of RE can provide realistic and effective energy solutions
that will aid the continent's future sustainable development goals and economic
growth by 2030, especially in light of its plentiful natural resources. The
most plentiful natural resource in Africa is solar energy.
Nowadays,
only around half of the people in sub-Saharan Africa have access to
electricity. Consumers around the world who do not have access to power pay
nearly twice as much on average. Around 2 to 4% of the continent's GDP is lost
annually due to power shortages, and in the near future, the substantial
electrical needs will only increase. The power demand is predicted to increase
by 3% annually as the population of sub-Saharan Africa is estimated to increase
from 1 billion in 2018 to more than 2 billion in 2050. This considers rising
electricity access and improved energy effectiveness.
Use of Solar Pumps in
Improving Livelihood Propels Market Growth
The rise in product
acceptance offers market participants and innovators in the solar pump sector
the chance to take advantage of the commercial potential of these pumps and
enhance rural residents' quality of life. Solar pump technology and business
models are being made more accessible and inexpensive for smallholder farmers
by market participants. Some market participants view the acceleration of
growth as a potential chance to fundamentally alter the market landscape.
Generic manufacturers operating in the market, for instance, sell solar pumps
for as little as USD 200, while traditional players concentrate on large-scale
irrigation products and are developing solar water pumps for small-scale
irrigation, which is also gaining recognition from farmers, and are taking
interest in cross-selling.
Market Segmentation
The
Africa Solar Water Pumps Market is analyzed on the basis of type, operation, capacity,
application, and country. Based on Type, the market is divided into Submersible
& Surface. 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 country, the market is divided into Morocco, Ethiopia, Kenya, South
Africa, and Egypt.
Market Players
Major
market players in the Africa Solar Water Pumps Market are CRI
Pumps SA (Pty) Ltd, Grundfos, KarmSolar, Lorentz, SunCulture Kenya Ltd, Franklin
Electric SA (Pty) Ltd, Cedar Solar, and Omega Solar Pumps.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2022
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Value (USD Million) and CAGR for 2018-2022 and 2023-2028
|
|
Report Coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments Covered
|
Type
Operation
Capacity
Application
|
|
Country scope
|
Morocco,
Ethiopia, Kenya, South Africa, and Egypt
|
|
Key companies profiled
|
CRI Pumps SA (Pty)
Ltd, Grundfos, KarmSolar, Lorentz, SunCulture Kenya Ltd, Franklin Electric SA
(Pty) Ltd, Cedar Solar, and Omega Solar Pumps
|
|
Customization scope
|
10% free
report customization with purchase. Addition or alteration to country, and segment
scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the Africa Solar Water Pumps Market has been segmented into the following categories,
in addition to the industry trends, which have also been detailed below:
·
Africa Solar Water Pumps Market, By Type:
o Submersible
o Surface
·
Africa Solar Water Pumps Market, By Operation:
o
AC Pumps
o
DC Pumps
·
Africa Solar Water Pumps Market, By Capacity:
o
Below 5 HP
o
5 HP
o
5-8 HP
o
Above 8 HP
·
Africa Solar Water Pumps Market, By Application:
o
Irrigation
o
Drinking Water
o
Industrial
o
Others
·
Africa Solar Water Pumps Market, By Country:
o Morocco
o Ethiopia
o Kenya
o South Africa
o Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Africa Solar Water Pumps Market.
Available Customizations:
Africa Solar Water Pumps Market report with the given market data,
Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Africa Solar Water Pumps Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]