Industry Background:
A solar water pump system is an electrical pump system with one or more Photo-Voltaic (PV) panels providing electricity for operating the pump. The application of a solar panel array is driven by an electric motor, which then powers a bore or surface pump in a conventional solar-powered pumping system. Because the water is frequently pumped from the ground or a stream into a storage tank that provides a gravity feed, these systems do not require energy storage. The centrifugal pump, which uses high-speed spinning to suck water in through the middle of the pump, is one of the two primary types of solar water pump technology. A centrifugal impeller is used in most traditional Alternating Current (AC) pumps. The pump's performance, on the other hand, plummets when it is operated at low power. This makes centrifugal pumps less suited for solar applications, as little power is expected owing to cloudy weather; and b) the positive displacement pump, which transfers water via a piston. Positive displacement pumps, which carry water into a chamber and then force it out using a piston or helical screw, are used in many solar water pumps. These pumps pump at a slower rate than other varieties, but they work well under low-power situations and can generate significant lift. Solar pumps must be as efficient as feasible due to the high cost of PV and the fact that it is an intermittent power source. The amount of water pushed per watt of electricity utilized is the pump's efficiency.
This growth is primarily driven by Rising demand from the irrigation sectors, The availability of government funds for solar pumps and High Adoption in Sunny Nations like Australia and Most Countries in Africa.
Globally, a noticeable market trend is evident Growing Demand from the Rural Regions
. Major Vendors, such as GRUNDFOS (Denmark), Jain Irrigation Systems Ltd (India), PM Pumpmakers GmbH (Germany), Bernt Lorentz GmbH (Germany), Bright Solar Ltd. (India), C.R.I. Pumps Private Limited (India), Greenmax Technology (India), Schneider Electric SE (France), Shakti Pumps Ltd. (India) and Tata Power Solar Systems Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In September 2018, Schneider Electric, the leader in the digital transformation of energy management and automation has launched the next-generation hybrid inverter, Conext XW Pro dedicated to Residential, Commercial & Industrial solar, and storage applications. These inverters are used for solar pump energy storage.
Market Drivers
- Rising demand from the irrigation sectors
- The availability of government funds for solar pumps
- High Adoption in Sunny Nations like Australia and Most Countries in Africa
Market Trend
- Growing Demand from the Rural Regions
- Growing adoption due to high benefits such as Low maintenance and No fuel costs
Restraints
Opportunities
Increasing renewable energy generations and Rising Adoption of Precision Agriculture and Sustainable Practices
Challenges
Stiff Competition Due to Various Players Operating in the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Agriculture Solar Pumps Study Sheds Light on
The Agriculture Solar Pumps Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Agriculture Solar Pumps industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Agriculture Solar Pumps industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.