Press release
Solar Pump Market 2021 end-user Industry Growth Analysis, Top Manufactures And Regional Forecasts To 2027
Solar pump market growth is driven by increase in agricultural activities coupled with rise in need for water extraction. Adoption of renewable electricity generation methods along with focus on carbon emission reduction further boost the market growth.
The global solar pump market is segmented into product, end-user industry, operation, and region. On the basis of product, the market is divided into surface suction, submersible, and floating. The submersible and surface suction segments collectively accounted for around 83.3% market share in 2019, with the former constituting around 55.3% share. The floating and surface suction segments are expected to witness significant CAGRs of 8.7% and 7.3%, respectively, during the forecast period. The cumulative share of these two segments was 44.7% in 2019, and is anticipated to reach 48.2% by 2027.
Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/7022
By end-user industry, the solar pump market trends are studied across agriculture, water management, and others. The agriculture segment was the highest contributor to the market, and is expected to grow at a CAGR of 7.2% during the forecast period. Countries in Asia-Pacific, such as India, are increasingly installing solar pump for water irrigation purpose. As solar energy is easily available, it is expected that the demand for solar pump, particularly for farming application, will increase notably.
Region wise, the solar pump market size is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific and Europe collectively accounted for around 77.1% share in 2019, with the former constituting around 55.0% share. Europe and North America are expected to witness considerable CAGRs of 8.5% and 7.3%, respectively, during the forecast period. The cumulative solar pump market share of these two segments was 37.5% in 2019, and is anticipated to reach 41.0% by 2027.
The key players involved in the global solar pump industry are Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump, CRI Pump Pvt. Ltd., Oswal Pump Ltd., LORENTZ, The Lubi Group, Samking Pump Company, Greenmax Technology, and AQUA GROUP.
For Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/7022
Impact of COVID-19 on global solar pump market
The outbreak of COVID-19 has led to shortage of manpower in solar industry, loss of components & gadgets, and discriminating expenditure by users. It is expected that social distancing will be followed for a couple of months, and public transport, particularly trains and buses will take time to resume their operations. This has led to disruption of supply chain of solar industry, due to the lockdown implemented by the governments.
Key Findings of the Study:
The floating segment is projected to grow with a CAGR of 8.7% during the forecast period.
Agriculture is projected serve as a lucrative segment for manufacturers to invest in the future.
Europe is expected to grow with a CAGR of 8.5% during the forecast period.
The submersible and surface suction segments collectively accounted for around 83.3% market share in 2019, with the former constituting around 55.3% share.
Get detailed COVID-19 impact analysis on the Market @ https://www.alliedmarketresearch.com/request-for-customization/7022?reqfor=covid
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
The global solar pump market is segmented into product, end-user industry, operation, and region. On the basis of product, the market is divided into surface suction, submersible, and floating. The submersible and surface suction segments collectively accounted for around 83.3% market share in 2019, with the former constituting around 55.3% share. The floating and surface suction segments are expected to witness significant CAGRs of 8.7% and 7.3%, respectively, during the forecast period. The cumulative share of these two segments was 44.7% in 2019, and is anticipated to reach 48.2% by 2027.
Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/7022
By end-user industry, the solar pump market trends are studied across agriculture, water management, and others. The agriculture segment was the highest contributor to the market, and is expected to grow at a CAGR of 7.2% during the forecast period. Countries in Asia-Pacific, such as India, are increasingly installing solar pump for water irrigation purpose. As solar energy is easily available, it is expected that the demand for solar pump, particularly for farming application, will increase notably.
Region wise, the solar pump market size is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific and Europe collectively accounted for around 77.1% share in 2019, with the former constituting around 55.0% share. Europe and North America are expected to witness considerable CAGRs of 8.5% and 7.3%, respectively, during the forecast period. The cumulative solar pump market share of these two segments was 37.5% in 2019, and is anticipated to reach 41.0% by 2027.
The key players involved in the global solar pump industry are Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump, CRI Pump Pvt. Ltd., Oswal Pump Ltd., LORENTZ, The Lubi Group, Samking Pump Company, Greenmax Technology, and AQUA GROUP.
For Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/7022
Impact of COVID-19 on global solar pump market
The outbreak of COVID-19 has led to shortage of manpower in solar industry, loss of components & gadgets, and discriminating expenditure by users. It is expected that social distancing will be followed for a couple of months, and public transport, particularly trains and buses will take time to resume their operations. This has led to disruption of supply chain of solar industry, due to the lockdown implemented by the governments.
Key Findings of the Study:
The floating segment is projected to grow with a CAGR of 8.7% during the forecast period.
Agriculture is projected serve as a lucrative segment for manufacturers to invest in the future.
Europe is expected to grow with a CAGR of 8.5% during the forecast period.
The submersible and surface suction segments collectively accounted for around 83.3% market share in 2019, with the former constituting around 55.3% share.
Get detailed COVID-19 impact analysis on the Market @ https://www.alliedmarketresearch.com/request-for-customization/7022?reqfor=covid
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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