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Solar Pumps Market

Increasing effort toward replacement of traditional grid- or diesel-powered pumps with solar water pumps is anticipated to accelerate the growth of solar pumps market according to the study. However, high installation costs will continue to act as a major barrier to solar pumps market growth, says the report.

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Solar Pumps Market

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  1. Notable growth of the renewables sector, and relatively low price point of photovoltaic (PV) panels are collectively driving the growth of solar pumps market worldwide. Advent of solar PV technology, and strong market presence of solar water pump manufacturers across the globe further elevate the scope of growth for solar pumps market. Supportive role of governments regrading adoption of renewable energy sources is expected to play an important role in upholding the growth of solar pumps market. The preliminary findings of a new upcoming study of Fairfield Market Research suggest that the global solar pumps market is all set for an impressive outlook in future. The boom around clean and green energy has been growing dense. Increasing effort toward replacement of traditional grid- or diesel- powered pumps with solar water pumps is anticipated to accelerate the growth of solar pumps market according to the study. However, high installation costs will continue to act as a major barrier to solar pumps market growth, says the report. For More Industry Insight Read: https://www.fairfieldmarketresearch.com/report/solar-pumps- market COVID-19 Impact on Solar Pumps Market Global COVID-19 pandemic held a measurable impact on solar pumps market dynamics as the market heavily relies on import-exports and the lockdowns put an abrupt halt to international trading for a while. Supply chain disruptions and related restrictions also created a huge setback for solar pumps market through the end of 2020. However, the market soon picked up to regain the momentum and with the exponentially soaring significance of green and clean energy of late, the report expects solar pumps market to be on a continuous uptrend in long term.

  2. DC Suction Pumps Remain Preferred in Solar Pumps Market, Agriculture Industry Generates Maximum Demand Agriculture industry remains the leading area of application for solar water pumps. Farming, irrigation, aquaculture, and livestock rearing sustain demand to keep the agriculture industry afloat in terms of generating demand for solar pumps. Among the various pump types, the DC suction category continues to lead on the back of surging application for irrigation, especially for drip irrigation operations. AC submersible pumps on the other side will most likely exhibit the fastest rate of growth in adoption during the next few years. Asia Pacific Likely to Dominate Solar Pumps Market, Sales Concentrated in Agricultural Pumps Research indicates the maximum business opportunity residing in developing nations across Asia Pacific, majorly attributing to the region’s geographic location, and noteworthy consumption of pumps for agricultural activity. Besides India, Japan, and China remain at the forefront in terms of electricity generation from renewable sources. Australia, Malaysia, Thailand, and Indonesia will further supplement the sales in the region’s solar pumps market. Increasing introduction of innovative solar pumps across the region is expected to support market growth here. The region’s market is likely to reap the benefit from wide availability of cheaper labour, and ample raw material supply. Growing encouragement for investments in the renewables sector and governments will play a crucial role in the market build-up across Asia Pacific. On the other hand, North America’s solar pumps market is also projected to exhibit remarkable growth in line with several ongoing ambitious projects in the renewables sector, as well as the rocketing investments. Key Companies in Global Solar Pumps Market Kirloskar Brothers Limited, KSB SE & Co. KGaA, Franklin Electric, Grundfos, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Mono Pumps (NOV), Pumps Private Limited, Stanley Black & Decker, Inc, Solar Mill, KG, C.R.I., Glynncorp Electrical, Bernt Lorentz GmbH & Co. Get a Sample Copy/TOC of Solar Pumps Market Report: https://www.fairfieldmarketresearch.com/report/solar-pumps-market/request-toc About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever- changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com Follow Us: LinkedIn

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