Solar Water Pumping Systems Market Report 2022 by The Business Research Company: Market Size, Trends and Forecast to 2026
Solar Water Pumping Systems Global Market Report 2022 by The Business Research Company: Market Size, Trends and Forecast to 2026
LONDON, Greater London, United Kingdom, May 25, 2022 /EINPresswire.com/ – According to the “Solar Water Pumping Systems Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026″ published by Business Research Corporation, The solar water pumping system market size is expected to grow from USD 1.21 billion in 2021 to USD 1.35 billion in 2022 at a compound annual growth rate (CAGR) of 11.88%.The global solar water pump system market size is expected to reach USD 2.06 billion in 2026, with a CAGR of 11.08%.Favorable government incentives for installing solar water pumps are driving the growth of the solar water pump systems industry.
The solar water pump systems market includes solar water pump systems sold by entities (organizations, sole traders, partners) that refer to water pumps that run on electricity provided by one or more photovoltaic (PV) panels.Solar energy is converted into electricity through photovoltaic arrays, which are used to run electric pump sets that pump water from open wells, boreholes, streams, ponds or canals.Solar water pump systems are used to irrigate crops, water livestock or provide drinking water.
Global Solar Water Pumping Systems Market Trends Technological advancements are the key trends driving the increasing popularity of the solar water pumping systems market.Companies operating in the solar water pumping systems market are developing innovative technologies to improve the operating efficiency of solar panels and water pumping systems.
Global Solar Water Pumping System Market Segmentation By Type: Surface Pump, Submersible Pump, Other By Rated Power: Below 3HP, 3HP to 10 HP, Above 10 HP By Drive Type: AC Motor Driven Solar Water Pump, DC Motor Driven Solar Water Pump By End User: Agricultural, Residential, Commercial, Industrial by Geography: The global solar water pump systems market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa.Among these regions, Asia Pacific has the largest share.
The Solar Water Pumping Systems Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides a global market overview of solar water pumping systems, global solar water pumping systems market analysis and forecasts the market size and growth of the global solar water pumping systems Global Markets, Solar Water Pumping System Global Market Share, Solar Water Pumping System Global Market Segments and Geography, Solar Water Pumping System Global Market Trends, Solar Water Pumping System Global Market Players, Solar Water Pumping System Global Market Leading Competitors Revenue, Overview and Market share.The Solar Water Pumping System global market report identifies key countries and segments with opportunities and strategies based on market trends and approach of key competitors.
Data Breakdown: Market Size by 60 Regions, Global, By Region and Country, Historical and Forecast, and Growth Rate
Key market players: Bright Solar Limited, CRI Pumps Private Limited, Lorentz, Shakti Pumps (India) Ltd, Tata Power Company Limited, Wenling Jintai Pumps Co., Ltd., Grundfos, Symtech Solar, Photon Solar, Urja Global Limited, Kavita Solar Energy Private Limited , Lubi Electronics, Samking Pump Company, Greenmax Technology, Aqua Group, and Vincent Solar Energy Company.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
Post time: Jun-13-2022
