Million Insights - World's Fastest Growing Market Research DatabaseAccording to new report available with Million Insights, the solar pumps industry report provides in-depth analysis of industry by production, share, size, demand, economic trends, investment feasibility, major key players, SWOT analysis and forecast.
The global Solar Pumps Market is expected to reach USD 3.63 Billion by 2022. The market is expected to gain a positive traction in the forthcoming period. Photovoltaic panels are usually used for agricultural operations, particularly in remote areas where alternative energy source is needed. The major benefits in using solar panels have resulted in a reliable produce that is sufficient in directing electricity from solar radiation in order to supply power livestock and irrigation systems. Other reasons such as powering agricultural water pump systems raises water requirements for irrigation and livestock to concur with increased solar energy.
Product segmentation for solar pumps market includes DC suction and AC submersible pumps. DC suction pumps have emerged as the leading product accounting for more than 70% of the solar pumps market. AC submersible pumps have witnessed a higher growth in the forecast period owing to increase in use.
Full Research Report On Global Solar Pumps Market Analysis available at: https://www.millioninsights.com/industry-reports/solar-pumps-market
The solar pumps market is driven by factors such as consumer awareness and rise in modernization of agriculture, shift in energy usage trends, rise in government subsidies and financial incentives. In addition, the demand for clean water supply needed to fulfill agricultural objectives adds to the growth of market during the forecast period. Higher depletion rate of natural resources also adds to the market growth in the forecast period.
Geographical segmentation for solar pumps industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific market is highly driven by rise in government subsidies and low dependency on fossil fuels. In addition, rise in government initiatives to install solar pumps for residential use also stimulates the market growth in the forecast period.
North American and European market is likely to gain a significant market share due to consumer awareness and stringent norms for pollution control. The key players in the solar pumps market include SunEdison, USL, Bright Solar, Lorentz, CRI Pumps, Shakti Pumps and Tata Power Systems Ltd.
Request for Free Sample at: https://www.millioninsights.com/industry-reports/solar-pumps-market/request-sample
Market Segment:
Global Solar Pumps Product Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)
• DC Suction
• AC Submersible
• DC Submersible
• AC Floating
Global Solar Pumps Application Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)
• Agriculture
• Drinking Water
Global Solar Pumps Regional Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Europe
• Asia Pacific
• China
• India
• Central & South America
• Middle East & Africa
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/renewable-energy
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
For More Information: www.millioninsights.com
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/solar-pumps-market
Source: www.abnewswire.com
