Published on : Sep 25, 2019
From its earlier scope of small-scale use for partial fulfillment of electricity needs, solar energy is now progressing to become mainstream. Trapping solar energy to make it usable requires a collection of essential tools for the exercise. The requisite of solar pump to trap solar energy prompted ResearchMoz for a know-how of prospects of the solar pumps market in the forthcoming years.
In doing so, ResearchMoz has added a new publication, titled “Solar Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027,” to its expanding repository. The report is an all-inclusive instrument for comprehensive analysis of trends and growth indices in the solar pumps market from 2019 to 2027.
Analysts deep-dived into economic and social standings across geographies to understand adoption trends of solar pumps. The analysis thus provided serves as a valuable guide for informed business decisions.
Depleting fossil fuels and environmental implications of carbon footprints are leading to swift uptake of renewable sources of energy for vast spectrum of human activities. Solar energy is prominent among all other renewable energy sources.
Beyond residential needs, tapping solar energy for agricultural techniques is a new trend that has come to the fore. For example, in India, almost 50% workforce is employed in the agricultural sector that provides enormous opportunities to link solar powered electricity between residential needs and agricultural needs.
Most Indian farmers heavily rely on seasonal rainfall for irrigation that impacts crop yield. Trapping solar energy to convert into usable electricity, and storing for later use can boost crop yield dramatically. Disposal of solar energy enables easy use of agricultural equipment such as irrigation pumps, thereby reducing dependency on seasonal rainfall.
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Using solar powered pumps is highly economical in comparison to fossil fuel powered pumps for various farming activities. Government subsidies for farmers to install solar pumps in a bid to reduce dependency on on-grid electricity supply are another plus for adoption of these pumps in the solar pumps market.