The Solar Water Pump Systems Market is estimated to be valued at US$ 1.92 billion in 2022 and is expected to exhibit a CAGR of 13% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Solar water pump systems use solar photovoltaic panels to power water pumps, which are mainly used for agricultural irrigation in remote off-grid locations where grid electricity is unavailable or very costly. With no fuel requirements and minimal operational costs once installed, solar water pumps provide a cost-effective and sustainable solution for reliable irrigation in agricultural fields. The components usually include PV modules, DC motor pump, controller, and civil work.
Market Dynamics:
Growing agricultural water demand, especially in arid and semi-arid regions, is expected to be a major growth driver for the solar water pump systems market over the forecast period. According to a study, the agricultural sector accounts for approximately 70% of the global freshwater withdrawals. The increasing scarcity of water resources coupled with growing population is necessitating efficient water management solutions. Additionally, the growing deployment of solar photovoltaic systems owing to supportive government policies and declining solar technology costs is boosting the adoption of solar water pumps worldwide. For instance, governments of many countries provide capital subsidies for installation of solar irrigation pumps to support farmers and incentivize the use of renewable energy. However, high initial installation costs remain a major barrier, especially in developing economies.
Segment Analysis
The global Solar Water Pumps Market Share is dominated by the submersible solar water pumps segment which holds around 60% share of the market. This is because submersible solar water pumps can be installed underground and are more durable than surface solar water pumps. They are also not affected by wind or weather and can draw water from deeper sources compared to surface pumps.
PEST Analysis
Political: Many governments across the world are providing subsidies and promoting solar energy usage which is driving the growth of the solar water pump systems market.
Economic: The declining cost of solar components is making solar water pumps more affordable. This is encouraging farmers and households to switch to solar pumps for irrigation and other needs.
Social: Growing awareness about renewable energy and its benefits such as lower operating costs and carbon footprint reduction is positively impacting the demand for solar water pump systems.
Technological: Advancements in solar panel efficiency and battery technology have enhanced the performance of solar water pumps. Remote monitoring technologies are also being integrated for performance monitoring and automation.
Key Takeaways
The global solar water pump systems market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period of 2022-2030, due to increasing support from government policies and growing awareness about renewable energy sources. The market size is projected to reach US$ 3.48 billion by 2030 from an estimated US$ 1.92 billion in 2023.
The Asia Pacific region is expected to dominate the market during the forecast period. This is attributed to large solar energy production and rapid rural electrification programs underway in countries such as India, China, and Japan. India accounts for over 40% of the global market owing to the government's initiatives to provide electricity to all households by 2023.
Key players operating in the solar water pump systems market are Grundfos, Lorentz, Shakti Pumps, CRI Pumps, Tata Power Solar, Bright Solar, USL, Lubi Electronics, Solar Power & Pump Co, JNTech, JISL, ADA, Hanergy, CRI Pump, Dankoff Solar, Greenmax Technology, Rainbow Power Co, SunEdison, Solartech, Megha Engineering. These players are focusing on developing efficient and durable solar pumps with advanced monitoring and automation capabilities.
Read More: https://www.ukwebwire.com/solar-water-pump-systems-market-is-estimated-to-witness-high-growth/
Even using solar power pump is more economical where grid electricity is not available.These pumps mostly uses by farmers for irrigation of farming land and horticulture farms.
Both pump come in DC and AC technology.Solar Submersible PumpWhere the depth of water level is more than 15 meter, submersible pump is recommended.
Solar submersible pump is the most selling pump in India as the depth of water level is very low in maximum areas.Solar Surface PumpIf the depth of water is less than 15 meter and you want to lift to ground or above the ground level, Solar surface is recommended.Other Technologies' Solar PumpWe have three technologies to power your solar surface water pump (AC/DC) and solar submersible water pump (AC/DC).
Solar pump VFD drive converts your existing water pump into solar pump.
In case when the solar panel is generating more power than water pump’s consumption, then the excess power will automatically exported to grid via net-metering and government will also adjust it in your next bill.Solar Water Pump PriceAC and DC solar pump price starts from 1 HP @ Rs.
585000Get Latest PriceAll price are negotiable.1HP Solar Water PumpParticularDescriptionSolar Pump1 HPSolar Pump TypeDC SubmersiblePump Head29-46 MeterSolar Panel900 wattController1 SetOpen circuit voltage90-140 V DCMaximum peak voltage110 V DCMaximum Input Current8.2 AmpsOutput voltage30-85 VInput power900 W DCProtectionsOver current, over & low voltage, dry run, overflow etc.AccessoriesStructure, wires, nut bolt etc.Discharge6200 – 38400 Liters per day.Warranty5 years for complete system and 25 years for solar panel.Delivery5-7 daysPriceRs.
If you have a fine or a large source of water that you think will be useful for your requirements, you might need a present device to transfer that water into your own supply.
The best and most inexpensive way to do that is by using a solar water pump.
A solar-powered pumping station is tremendously reliable, because you don't requirement a battery to operate it.
You just need a few brilliant days each week and that will do.
ATSE Solutions is best option for solar water pump.
We have a wide collection of solar water pump and fittings that includes dc water pump 1hp, 1hp dc submersible pump, 1hp solar pump controller etc.
Guangdong Ruirong Pump Industry Co., Ltd. specializes in the production of stainless steel submersible motors and submersible pumps for wells.
It is a large-scale national high-tech enterprise that has been awarded several titles, such as National High-Tech Enterprise, Guangdong Innovative Enterprise, Guangdong Intellectual Property Advantage Enterprise and Guangdong Famous Export Enterprise.https://www.mastrapump.com/
