The global market for solar pumps is anticipated to grow from a value of US$ 1.5 billion in 2023 to US$ 4.7 billion by the end of 2033, with a fantastic CAGR of 12.1%.
By replacing diesel-powered or grid-based equipment, solar pumps contribute to environmental preservation. Diesel generators emit CO2 while running, and grid-based energy is frequently produced using coal, oil, or natural gas, all of which emit significant levels of CO2.
Systems for solar pumps don’t produce any greenhouse gases. As a result, the widespread deployment of solar pumps can substantially lower greenhouse gas emissions. These factors are driving global market growth for solar pumps.
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According to the global Solar Pumps market report, cost structure analysis, income generation, growing sales techniques, and valuable growth expectations are the primary market drivers. Additionally, it assists with the study of the global market share, market segmentation, revenue growth projections, and geographical market regions. Businesses can obtain important data on the state of the local and international manufacturing markets as well as priceless advice and direction to propel the business toward growth and success. The convincing Solar Pumps market report, which places the market firmly in the center of attention, incorporates detailed research, market insights, and analysis.
Market Players:
- SunTech Drive LLC
- Advanced Power Inc.
- Bernt Lorentz GmbH
- Dankoff Solar
- Grundfos
- BW Solar
- Vincent Solar Energy Company
- Greenmax Technology
- AQUA GROUP
Why is the United States Exhibiting High Sales of Solar Pumps?
In the upcoming years, the market in the United States is expected to increase significantly as a result of the rising need for renewable energy sources, particularly in the agriculture industry. Market expansion is being aided by rapid urbanization, an increase in PV panel installation, and a rise in the local supply of raw materials.
More over two million farms, or around 30% of the nation’s total land area, are estimated to exist in the country by the United States Department of Agriculture (USDA).
Key Segments of Solar Pumps Industry Research
- By Type :
- Submersible
- Alternating Current (AC)
- Direct Current (DC)
- Surface
- Alternating Current (AC)
- Direct Current (DC)
- Submersible
- By Capacity :
- Below 4 HP
- 4 to 6 HP
- 6 to 8 HP
- Above 8 HP
- By Application :
- Farming
- Irrigation
- Livestock
- Aquaculture
- Residential
- Buildings
- Drinking
- Commercial
- Swimming Pools
- Pond Management
- National Parks
- Industry Water Treatment
- Farming
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa