Tuesday , 25 October 2016
Breaking News
Home » Business » Solar Pumps Market: Industry Analysis, Trend and Growth, 2015-2025 by Future Market Insights
Solar Pumps Market: Industry Analysis, Trend and Growth, 2015-2025 by Future Market Insights

Solar Pumps Market: Industry Analysis, Trend and Growth, 2015-2025 by Future Market Insights

Increasing development in the industrial, residential and agricultural industry along with lower operation and maintenance cost, the demand for global solar pumps market is rapidly escalating. Solar Pump is a pump which runs on electricity generated by thermal energy (available from collected sunlight) or photovoltaic panels (method of converting solar energy into direct current electricity). Considering maintenance, this solar pumps last for more than 16 years on field. This solar pumps are neither dependent upon diesel nor electricity thus, ensuring people at remote areas to avail the benefit which in turn will further result in increased efficiency and productivity. Solar Pumps are free from difficulties like supply cut, feeder damage, rate hikes etc. Additionally, solar pump provides less environmental impact than other powered (internal combustion engine) pumps which have witnessed a major growth in the global solar pumps market.

Browse Full Report@ http://www.futuremarketinsights.com/reports/solar-pumps-market

Solar Pumps Market: Drivers & Restraints

Solar pumps are also known as Solar PV water pumping system. Solar pumps are very useful where grid electricity is unreachable and substitute sources (in particular wind) do not provide adequate energy. Simultaneous growth in agriculture, demand for other water intensive industries along with increasing government support (tax and subsidies benefits) are the major factors driving the growth in solar pumps market. On account of shift in industry towards eco-friendly feature, the demand for global solar pumps is increasing. However, higher investment cost, availability of spare parts  (on time) and after sales services are acting as nagging issue in the growth of the global solar pump market.

Solar Pumps Market: Segmentation

  • Global Solar pumps market can be segmented on the basis of types:
  • Direct Current (DC) surface pump (centrifugal) or floating pump set
  • AC surface or submersible pump set
  • DC submersible
  • Alternating Current (AC) AC floating

On the basis of application, the global solar pump market can be segmented into:

  • Drinking water
  • Agriculture Purpose
  • Other (Chemical, Oil & gas)

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-520

Agriculture is considered as the largest application segment and is expected to witness the fastest growth through 2015 to 2025. Growing agricultural activities in emerging markets such as India and China, among others is expected to drive agriculture segment over the forecast period.

Solar Pumps Market: Region-wise Outlook

The global solar pump market is geographically segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. Asia-Pacific market is the fastest growing market and holds the major market share in global solar pump market. In India, China and Japan, to assist the growth of agriculture, the government is introducing various policies in these countries.  The region is expected to grow at a double digit CAGR through 2015 to 2025.

About Us:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends. Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

Contact Us:

Mr. Sudip saha

Future Market Insights

616 Corporate Way,

Suite 2-9018,

Valley Cottage,

New York 10989,

United States

Tel: +1-347-918-3531

Fax: +1-845-579-5705

Email: sales@futuremarketinsights.com

Website: www.futuremarketinsights.com

About shekhar

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>