Australia Solar Water Pumping System Market report comprehensively covers the market by power rating, design type, drive type, applications, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Solar Water Pumping System Market Synopsis
Australia solar water pumping system market growth has been significantly owned by the supportive measures taken by the state, Australia's federal government over the past few years. Further, the Clean Energy Council would deploy eco-friendly infrastructure, achieve renewable targets, and built strong ties with foreign nations such as China-Australia free trade agreement.
However, the outbreak of the COVID-19 left a slight negative impact on the Solar Water Pumping System Market in Australia due to the supply chain disruptions, stricter inspections and export protocols, nationwide lockdowns. Moreover, with the rising electricity cost, increasing awareness amongst the small producers and farmers about the low operational cost of the solar pumps and the adverse climatic conditions which create water supply shortages. The global pandemic obstructed the innovations and equipment's on the farms. Since the solar water pumping system involves a relatively higher upfront cost, farmers feel reluctant in installing the pumping systems in times of crisis. The constant support by the government would reduce the prices of the overall solar pumping system, which would further augment the demand in the forecast period.
According to 6Wresearch, Australia Solar Water Pumping System Market size is projected to grow at a CAGR of 11.0% during the forecast period 2021- 2027. The growth of the Solar Water Pumping Market Size in Australia can be attributed to the Australian government and the state government's initiatives of providing rebates and incentives to support the farmers and the small producers under schemes like Renewable Energy Certificates, which includes Small-scale Technology Certificates (STCs) and Large-scale Generation Certificates (LGCs), water emergency infrastructure rebate, drought assistance programs, etc. Schemes like National Water Emergency Infrastructure Rebate Scheme and Drought Assistance Loans provide incentives and rebates to help the primary producers set a water infrastructure and offer subsidized loans to ensure the sustainable future of the small producers, respectively, which would drive the solar water pump market size in Australia further.
Market by Power Rating Analysis
In terms of Power Ratings, the segments Upto 3 Hp and 3.1 to 10 Hp cumulatively have captured 70% of the market revenues in 2020, with 3.1 to 10Hp leading the market. 3.1 to 10 HP and below power rated solar water pumping system in Australia would dominate in the coming years on account of increasing affordability and rising preferences towards multi-stage suction motors.
Market by Application Analysis
In Australia Solar-Off Grid Water Pumping System Market, lift irrigation has led the overall market revenues accounting for more than 65% of the market revenues in 2020. With the supportive government initiatives towards harnessing renewable energy across all the economic activities and the rising exports, the segment would continue to rise in the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Australia Solar Water Pumping System Market Overview
- Australia Solar Water Pumping System Market Outlook
- Australia Solar Water Pumping System Market Forecast
- Australia Off-Grid Solar Water Pumping System Market Size and Market Forecast of Revenues and Volume, Until 2027F
- Historical Data of Australia Off-Grid Solar Water Pumping System Market Revenues and Volume, by Power Rating, for the Period 2016-2020
- Market Size & Forecast of Australia Off-Grid Solar Water Pumping System Market Revenues and Volume, by Power Rating, until 2027F
- Historical Data of Australia On-Grid Solar Water Pumping System Market Revenues and Volume, by Power Rating, for the Period 2016-2020
- Market Size & Forecast of Australia On-Grid Solar Water Pumping System Market Revenues and Volume, by Power Rating, until 2027F
- Market Drivers and Restraints
- Australia Solar Water Pumping System Market Trends and Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Australia Solar Water Pumping System Market Share, By Players
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Power Rating
- On-Grid solar Water Pumping System
- Up to 3 HP
- 3.1 to 7.5 HP
- Above 7.5 HP
- Off-Grid solar Water Pumping System
- Up to 3 HP
- 3.1 to 10 HP
- 10.1 to 12.5 HP
- 12.6 to 19 HP
- Above 19 HP
- On-Grid solar Water Pumping System
- By Design Type
- Surface
- Submersible
- By Drive Type
- AC Pump
- DC Pump
- By Application
- Lift Irrigation
- Others (Drinking, livestock watering, municipal services, etc.)
- By Regions
- Northern Region
- Southern Region
- Eastern Region
- Western Region
