Global Solar Pump Market Anticipated for Progressive CAGR Growth during 2018-2023

Agriculture

BusinessIndustryReports.com have new report on "Global Solar Pump Market 2018". Global Market for Solar Pump to 2023 offers detailed coverage of Solar Pump industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading Solar Pump producers to provide exhaustive coverage of the Solar Pump.

Global Solar Pump Market Overview:

The report spread over 136 pages is an outline of the Global Solar Pump Market Report 2018. The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Solar Pump market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

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The Global Solar Pump market is also covers segment data included:  installation type, Application and region.

A Solar Pump is a device, which runs on the electricity generated by photovoltaic panels. Solar pumps are not connected with the grid and result in very less emission compared to conventional pumps. Solar pumps are increasingly used in regions where grid electricity is unavailable and alternative sources such as wind do not provide enough power for operations.  Solar pump components consist of solar panels, a controller and a pump while the size of the PV system determines the operating capacity of the pump. Solar pumps are increasingly being used in domestic and agriculture applications, especially for delivering drinking water for livestock and irrigation. Also, solar pumps are used in oil and gas fracking activities to reduce the environmental impact of the oil recovery process.

Solar pumps are increasingly used in the regions where grid electricity is not available. Use of solar energy to drive the pumps cut down the operating cost, which is majorly consumed in the form of diesel. Also, stringent government regulations to reduce carbon footprints have been one of the major reasons for the increasing adoption of solar pumps. The installation costs of solar pumps are usually high and the investment payback period is found to be 4-6 years. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific are expected to drive the solar pump market in the forecast period.

On the basis of geography, the market of Solar Pump is segmented into different regions: North America, Europe, Asia Pacific, Middle East and Africa, South America. The Asia-Pacific region is the leading market for solar water pumps. Rapid agriculture activities in countries such as China, India, Bangladesh and reduced grid connectivity for agricultural activities, drive the market for solar water pumps in these countries. Furthermore, increased need for clean water for drinking and irrigation in countries such as Morocco, Nigeria, Namibia and Kenya, in the African region, is also driving the need for the solar pumps in the region. The UN development programs to promote the use of solar energy in the region, is also driving the market.

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Major Key Players:

1 Lorentz (Germany)

2 SunEdison Inc. (U.S.)

3 CRI Pumps Pvt. Ltd (India)

4 Solar Power & Pump Co LLC (U.S.)

5 Tata Power Solar Systems Ltd. (India)

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This study answers to the below key questions:

1 What will the market measure be in 2023?

2 What are the key elements driving the global Solar Pump market?

3 What are the difficulties to market development?

4 Who are the key players in the Solar Pump market?

5 What are the market openings and dangers looked by the key players?

In the end this report covers data and information on capacity and production overview production market share analysis sales overview supply sales and shortage import export and consumption as well as cost price revenue and gross margin of Solar Pump.

Major Points in Table of Contents:

Global Solar Pump Market

1 Summary

2 Report Methodology

3 Market Overview

4 Competitive Landscape

5 Segmentation by Type

6 Segmentation by Application

7 Regional Perspectives

8 Company Profiles

9 Market Forecast

10 Industry Value Chain

11 Market Drivers

12 Appendix

 

 

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