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Solar water pumping systems operate on direct current. The output of the solar power system varies throughout the day and with changes in weather conditions. A properly designed solar pumping system will be efficient, simple, and reliable. Solar-powered pumping systems are used principally for three applications town and city water supply, livestock watering, and irrigation.
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Solar Water Pumps Market: Mergers and Acquisitions Shape Competitive Landscape Published by: Apurva, Marketing Head
Market Size & Overview: The solar water pumps market is experiencing notable expansion, driven by the need for efficient and sustainable water management, particularly in agricultural and rural settings. These pumps utilize photovoltaic (PV) technology to power water pumping systems, providing a reliable and environmentally friendly alternative to traditional fuel-powered pumps. The market is driven by the necessity for water access in off-grid locations and the growing focus on reducing carbon emissions.
Market Growth & Opportunities • Sustainable Agriculture: Increasing demand for water-efficient irrigation practices. • Rural Electrification: Growing need for reliable water access in off-grid areas. • Government Initiatives: Supportive policies promoting renewable energy and water conservation. • Decreasing PV Costs: Making solar water pumps more affordable and accessible. Sample Request
Market Segmentation by Drive Type • AC Motor • DC Motor by End-User • Agricultural Industry • Industrial • Residential & Commercial by Type • Submersible Pumps • Surface Pumps by Power Rating • Up to 3 HP • 3 – 10 HP • Above 10 HP
Regional Analysis: • North America: Driven by agricultural irrigation and growing interest in sustainable practices. • Europe: Focused on integrating solar water pumps in rural areas and promoting eco-friendly solutions. • APAC: Holds the largest market share, driven by extensive agricultural activities and government initiatives in countries like India and China to promote solar powered irrigation.
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Merges and Acquisition • "In 2021, Shakti Pumps (India) Ltd. acquired a significant stake in a US-based solar pump company to expand its presence in the North American market.“ • "In 2020, Lorentz (Germany) acquired a smaller company specialized in smart irrigation systems to enhance its product offerings.“ • "In 2019, CRI Pumps (India) merged with a solar panel manufacturer to integrate the supply chain and reduce costs." Buy This Report
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