Published on : Jul 31, 2019
Albany, New York, July 31, 2019: Taking all costs into consideration, a solar pump has become more cost effective vis-à-vis a grid connected pump. The technology pertaining to off-grid solar pumps has witnessed significant development, thereby making access to energy easier for millions of people in energy-starved regions. Even though solar irrigation has been around since the 1970s, it is only in the last few years this segment has observed an upsurge in innovation.
These introductory insights draw resemblance from the intelligence report, titled, “Solar Pumps Market—Global Industry Analysis, Size, Growth, Trends, and Forecast 2019-2027,” which has been of late added to Market Research Hub’s (MRH) extensive armamentarium.
Technological innovations have had positive influence in the development of solar pumps as smallholder farmers have started embracing solar pumps. Majority of the solar pumps in the market have integrated internet of things (IoT) or remote monitoring platforms. Accordingly, manufacturers and smallholder farmers can assess and monitor can smoothly assess and monitor the solar pumps.
Several companies have integrated soil sensors and internet-connected weather stations to assess data and offer customers with best irrigation timing advice and weather forecast on their mobile devices. A few of the companies are also developing remote monitoring platform to keep track of pump utilization, such as fuel savings, liters of water pumped and area irrigated that can be fruitful for both customers and distributers.
With the repercussions of climate change becoming more pervasive, enhanced irrigation will become an invaluable mechanism for drought-resistant and sustainable farming, thereby swiftly obliterating the requirement of fossil fuels.
Notwithstanding plethora of benefits associated with solar pumps, stakeholders are bereft of financial incentives, such as results-based financing, amalgamated finance to lower the financial cost and efficient 100% loan guarantee that will iterate their business models.
Solar Pumps Market: Report Content
Quantitative and qualitative assessment exhort intelligence and overarching report on the solar pumps market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the solar pumps market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on solar pumps.
An insightful and deep-dive assessment of the competitive assessment of the solar pumps market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the solar pumps market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Solar Pumps Market: Research Methodology
Primary sources and secondary sources propel intelligence report on solar pumps market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on solar pumps market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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