Photovoltaic pump Market

The global Photovoltaic pump market was valued at 693.92 Million USD in 2021 and will grow with a CAGR of 5.97% from 2021 to 2027, based on newly published report.
The prime objective of Photovoltaic pump Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Photovoltaic pump Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.For the manufacturers, Lorentz and Grundfos are still the leaders in Photovoltaic pump industry, which take up about 25% of production. India manufacturers, such as OCI Group and Tata Power have increased capacity that is because local downstream have a strong demand. For Chinese suppliers of Photovoltaic pump, R&D and manufacturing of the production is just in recent years, therefore, the capacity is low. However, as the government is focusing on the energy saving, the consumption of Photovoltaic pump will increase in the next few years.
By Market Verdors:

• LORENTZ
• Grundfos
• CRI Group
• Mono Pumps
• Shakti Solar
• Tata Power
• Bright Solar
• USL
• Advanced Power
• SAJ
• Chinalight Solar
• CEEG
• Quoncion Solar
• Komaes Solar
• Solartech
• MNE
• Evergreen Group

By Types:

• DC Surface Suction
• AC Submersible
• DC Submersible
• AC Floating

By Applications:

• Living Water
• Agrirculture

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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