Solar Surface Pumps Market Scope
Surface solar pumps mainly use solar energy to pump water from rivers, lakes, and ponds. Usually used in irrigation, Pressurization, and other application scenarios. It is the most attractive way of supplying water in sunny regions of the world. Smart modular design for simple and cost-effective servicing and repair of solar surface pump strong presence of solar water pump producers, and high awareness of solar water pumping, due to various country and local governments’ regulations to promote the production of energy from renewable sources to reduce dependency on fossil fuels and minimize the emission of pollutants. Growing demand for sustainable, renewable, clean energy source this factor is driving the Solar Surface Pump market.
|Unit||Value (USD Million)|
|Key Companies Profiled||Shakti Pumps (India) Ltd. (India), C.R.I. Pumps Private Limited. (India), Oswal Pumps (India), KSB SE & Co. KGaA (Germany), Grundfos (Denmark), LORENTZ. (Germany), Lubi. (India), Aquasub Engineering (India), GREENMAX TECHNOLOGY (India) and SAMKING Solar Pump (China)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Solar Surface pumps. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Research Analyst at AMA estimates that India Manufacturers will contribute to the maximum growth of Global Solar Surface Pumps market throughout the predicted period.
Shakti Pumps (India) Ltd. (India), C.R.I. Pumps Private Limited. (India), Oswal Pumps (India), KSB SE & Co. KGaA (Germany), Grundfos (Denmark), LORENTZ. (Germany), Lubi. (India), Aquasub Engineering (India), GREENMAX TECHNOLOGY (India) and SAMKING Solar Pump (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are TATA Power Solar Systems Ltd. (India) and KIRLOSKAR BROTHERS LIMITED (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Solar Surface Pumps market by Type , by Application (Agriculture, Commercial, Water Management and Others) and Region with country level break-up.
On the basis of geography, the market of Solar Surface Pumps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
In September 2021, Grundfos, the world leader in pumps and water solutions, announced the launch of SCALA1. The SCALA1 is an all-in-one pressure booster with a high-efficiency motor and hydraulics with low-noise operation
Influencing Trend:Increasing demand for clean energy pumps is clearly on the rise
Market Growth Drivers:Growing demand for sustainable, renewable, clean energy source
Challenges:Higher costs of solar surface pumps operation and maintenance
Restraints:Complexities and Costs Involved with Maintenance of Solar Pumping Systems and Stringent Regulatory Guidelines
Opportunities:Increase in power prices charged by energy providers is driving up demand
Key Target AudienceSolar Surface Pump Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries