Solar Water Pump Market in India 2022

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 SOLAR PUMP

Global Solar Pumps Market: Introduction


“Solar Pumps Market” Solar Pumps Market is projected to expand at a CAGR of 12% during forecast period due to rising demand for pumps in domestic and agriculture applications, mainly for supply water in farms and for irrigation

Global Solar Pumps Market

Transparency Market Research delivers key insights on the global solar pumps market. In terms of revenue, the global solar pumps market  is estimated to expand at a CAGR of ~ 12% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the solar pumps market report.

A solar water pump is a major solar equipment product. It consists of a pump and a PV panel that has semiconductors. When this panel is exposed to sunlight, current gets generated and it helps pump water. Solar pumps have a wide range of applications, from household to agriculture and irrigation. The solar pumps market is anticipated to grow at a rapid pace during the forecast period, due to an increase in agricultural and irrigation activities, mainly in developing countries in Asia Pacific and the Middle East & Africa.



The solar pumps market is growing due to the rising demand for pumps in domestic and agriculture applications, mainly for supply water in farms and for irrigation. Also, solar water pumps are increasingly being preferred in oil and gas fracking activities to reduce the environmental impact of these activities. The growing adoption of solar energy for irrigation and agriculture activities across the globe is the major driving factor of the solar pumps market. Asia Pacific is anticipated to be a major region in the solar pumps market during the forecast period. India, China, and Bangladesh, which are major agricultural countries with ample sunlight, are projected to expand their solar pumps market. Governments in developing countries are encouraging people to use solar energy, especially in agricultural sectors, which is fuelling the demand for solar pumps. Additionally, a decline in solar equipment prices is encouraging the solar pumps market.


Global Solar Pumps Market: Key Players 

The demand for solar pumps is currently based in regions that are on the verge of a solar revolution. As the shift from conventional to solar pumps has been heralded as a better alternative to fossil fuels, influencing the development of zero- or low-carbon irrigated agriculture, manufacturers are likely to experience a period of sustained demand.



Considering the low level of understanding regarding the potential benefits of solar pumps, manufacturers are inclining towards organizing awareness programs on solar water pumping, especially in rural and remote areas in Asia Pacific and the Middle East & Africa. As the unavailability of repair and maintenance services remains a key concern among consumers, solar pump market players are placing their bets on delivering effective and instant services. These factors played an important role in Grundfos' decision to launch a mobile application – SmArt Serv – to provide service support for all its products. Such game-changing strategies to ease the access of product portfolio as well as aftersales services are likely to provide the added advantage of gaining new customers.


Contact Us

GREENMAX TECHNOLOGY

PLOT NO.8/9 AMALTAS COLONY

CHUNABHATTI KOLAR ROAD-462016

 BHOPAL (M.P) INDIA


Phone :-0755-4277168 

Mobile:- 09826389602, 7389926601

Email -  inquiry@greenmaxtechnology.co.in

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Comments

  1. Micheal Alexander28 January 2022 at 10:58

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