Harrisburg, NC -- (SBWire) -- 01/30/2019 --Global Solar Water Pumps Market Insights, Forecast To 2023; this report presents the worldwide Solar Water Pumps market size (value, production and consumption), splits the breakdown (data status 2013-2019 and forecast to 2023), by manufacturers, region, type and application.

This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and on the changing structure of the Solar Water Pumps.

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Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

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The solar water pump market is estimated to witness a high growth rate during the forecast period, 2018-2023. Solar water pumps are increasingly used in the regions where grid electricity is not available. Use of solar energy to drive the pumps cut down the operating cost, which is majorly consumed in the form of diesel. Also, stringent government regulations to reduce carbon footprints have been one of the major reasons for the increasing adoption of solar water pumps. Government in countries, such as China, India, Bangladesh, Pakistan, Morocco, Kenya, Namibia, and Nigeria have introduced financial subsidies, tax policies, price policies, and funding activities that have driven the solar water pump market. The potential for solar water pump can be identified from the fact that in countries, like Bangladesh, which are heavily dependent on diesel-based water pumps can save 450 million liters of diesel and reduce emissions by one million ton of CO2 annually, if 50,000 solar irrigation pumps are installed.

Government Regulations and Incentives Driving the Solar Water Pumps Market:
The installation costs of solar water pumps are usually high and the investment payback period is found to be 4-6 years. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific are expected to drive the solar water pump market in the forecast period. For example in India where the government has introduced a budget scheme in which the farmer has to pay only 10% cost of solar water pumps. The PV module costs have declined from 62 cents/W in 2015 to 33 cents/W in 2017, and are expected to further decrease with technological advancements in the coming years, and help to reduce the payback period and support the growth of the market.

Key Developments in the Solar Water Pumps Market:

January 2018: Lorentz installed a PS1800 C-SJ5-12 system in the village temple and school in Chok Na Sam, Thailand, which provides 30m3 of water per day.

The Following Manufacturers Are Covered In This Report:

Lorentz, SunEdison Inc., C. R. I Pumps Pvt Ltd, Solar Power & Pump Company LLC, Tata Power Solar Systems Ltd., Shakti Pumps (India) Ltd., Wenling Jintai Pump Factory Limited, Bright Solar Limited, Grundfos, Symtech Solar.

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Market segmented by Regions: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Global Solar Water Pumps Market these regions, from 2019 to 2023 (forecast), covering:

North America (United States, Canada, Mexico)

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)

Europe (Germany, France, UK, Italy, Russia, Rest of Europe)

Central & South America (Brazil, Rest of South America)

Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)

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Reasons to Purchase Solar Water Pumps Market Report:

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Current and future solar water pumps market outlook in the developed and emerging markets
An analysis of various perspectives of the market, with the help of Porter's five forces analysis
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