With the increasing development of the industrial, residential and agricultural industries together with lower operating and maintenance costs, the market call for solar pumps in Middle East And Africa is increasing rapidly. The solar pump works with electricity produced by thermal energy or by photovoltaic panels. It has a shelf life of 16 years. These solar pumps are independent of diesel and electricity, ensuring long-term benefits for residents in remote areas that result in increased efficiency and productivity. These pumps are also known as photovoltaic solar water pumping systems.
They are useful when grid electricity is inaccessible and other sources do not provide adequate power. In recent years, the market for solar water pumps has grown at a tremendous rate. This has been attributed to the low cost of the low price of photovoltaic panels, the strong presence of solar water pump producers and a strong awareness of solar water pumping, due to the regulations of various countries and local governments aimed at promoting production. energy from renewable sources to reduce dependence on fossil fuels and minimize polluting emissions. The rapid development of photovoltaic technology has benefited the market by reducing the price of solar water pump.
Recent Developments in the Middle East And Africa Solar Pumps Market:
The Dubai Electricity and Water Authority (DEWA) welcomed the launch of its innovation center and the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park. While DEWA's Innovation Center aims to be a global hub for innovation in renewable and clean energy. It will support innovation and creativity in clean and renewable energy, promote sustainability, develop Emirati talent, and strengthen the UAE's competitive advantage in this sector.
Recently, Trina Solar Co., Ltd. announced that it has signed an agreement with the Yemeni PV company Al Raebi for Trading Co. as an authorized dealer in Yemen. This agreement is a further commitment to Trina Solar's expansion plans and to increase its presence in the Middle East and Africa.
Middle East And Africa Solar Pumps Market Drivers:
The continued expansion of agriculture, the need for other water-intensive industries, coupled with growing support from the government, are the main expansion drivers of the solar pump market. Due to the industry shift towards environmentally friendly characteristics, the call for solar pumps in Middle East And Africa is increasing, which is a secondary factor driving the expansion of this market. A continuous clean water supply is needed for remote locations in various regions where electricity supply is a problem and diesel pump operation is expensive.
This factor is predicted to drive the solar pump market during the foreseen period, as these locations have great potential to harness renewable energy in the form of solar power. AC submersible pumps are predicted to experience the highest expansion rate during the foreseen period. Increasing call for higher efficiency solar pumps, especially in the emerging economies of India and Bangladesh, is predicted to drive call for AC submersible pumps during the foreseen period.
Middle East And Africa Solar PumpsMarket Restraints:
But still, the high cost of capital, the unavailability of spare parts (on time) and after-sales services are the main problems that hamper the expansion of the market.
Opportunities in the Middle East And Africa Solar Pumps Market:
With the increasing development of the industrial, residential and agricultural industries, as well as the fall in operating and maintenance costs, the market call for solar pumps in Asia Pacific is increasing rapidly. The solar pump works with electricity produced by thermal energy or by photovoltaic panels. It has a shelf life of 16 years, providing opportunities for the Asia Pacific market.
Challenges in the Middle East And Africa Solar Pumps Market:
The high cost of capital, the unavailability of spare parts and the after-sales service are the main problems that hinder the expansion of the market.
Middle East And Africa Solar Pumps Market - By Product:
DC suction has dominated the market, accounting for more than 80% of the market in 2020. Increased drip irrigation business, especially in developing countries in Asia Pacific, is predicted to lead to. by solar energy for the anticipated period mentioned above. AC submersible pumps are predicted to experience the highest expansion rate during the predicted period. Increasing call for higher-efficiency solar pumps, especially in developing countries of India and Bangladesh, is predicted to drive call for AC submersible pumps during the foreseen period.
Middle East And Africa Solar Pumps Market - By Application:
Agriculture was the dominant application category, accounting for 60% of the total market in 2020. Increased agricultural activities associated with water needed for irrigation are predicted to drive the market for solar pumps for this application. Government subsidies to solar pump farmers and manufacturers, especially in developing countries in Asia and the Pacific, are predicted to drive the expansion of the solar pump market during the foreseen period.
Middle East And Africa Solar Pumps Regional Analysis:
The Middle East and Africa also experience significant growth during the forecast period. The change in trend towards reducing dependence on imported fossil fuels in the form of diesel and butane as their primary energy requirement to generate electricity for agriculture and drinking water.
Middle East And Africa Solar Pumps Market Key Players:
The key players operating in the solar water pumps market are Lorentz (Germany), C. R. I. Pumps Private Limited (India), Tata Power Solar Systems Ltd (India), Shakti Pumps (India) Ltd (India), WenlingJintai Pump Factory Limited (China), Bright Solar Limited (India), Grundfos (Denmark), Symtech Solar (Oman), PhotonSolar.com (Australia), Urja Global Limited (India), and Kavita Solar Energy Private Limited (India).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 DC Surface Suction
5.1.3 AC Submersible
5.1.4 DC Submersible
5.1.5 AC Floating
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2.3 Drinking Water
5.2.4 Y-o-Y Growth Analysis, By Application
5.2.5 Market Attractiveness Analysis, By Application
5.2.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Application
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Application
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.4 Bright Solar
8.6 TATA Power Solar Systems Ltd.
8.7 Shakti Pumps
8.8 CRI Pumps
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures