Posted On: 2021-09-15
Off-grid Solar Pumps acquired the major market revenue share in the overall Australia solar Water Pumping System Market – 6Wresearch
Australia solar water pumping system market has been witnessing a robust growth trajectory over the past few years owing to the supportive measures taken by the state to deploy the eco-friendly infrastructure. The solar pumps up to 10 HP within the solar off-grid water pumping solution market would grow considerably in the coming years on account of the rising penetration of solar pumps in the rural and remote areas of Australia and the state government’s rebates which lowers the upfront cost of the overall systems. With the rising reliance on groundwater resources for irrigation due to severe climatic and drought conditions, the submersible solar Off-Grid Water pumping system would grow during the forecast period.
According to 6Wresearch, Australia Solar Water Pumping System Market size is projected to grow at a CAGR of 11.0% during 2021-27. Solar Off-Grid Water pump systems dominated the Australian market in volume as well as revenue terms, in the year 2020 as these pumps are capable to be operated in the remote areas where the electricity grid is not available with a power rating up to 3.1 to 10 HP holding the largest share in the Australian market in revenue and volume terms owing to their efficiency and input power. However, the Covid-19 pandemic negatively impacted the solar pump market due to supply chain disruptions, stricter inspections and export protocols, and nationwide lockdowns. Adverse climatic drought conditions, rising adoption of solar water pumping solutions, and rising agricultural exports stimulate the demand for submersible water pumping solutions in the coming years.
According to Navneet Aggarwal, Assistant Manager, 6Wresearch, “Within the design type, submersible pumps held the dominant share in 2020. In the arid conditions across Australia, there lies a huge shortage of water. Since irrigation and livestock watering requires a considerable amount of water-extracting around 25% of the water, the producers and farmers have to rely upon the groundwater, which would drive the sales of submersible solar water pumping systems in the coming years.”
“DC pumps witnessed the highest share in the overall solar water pumping system in Australia on account of rising preference towards the efficient and safe pumping solutions. DC pumps are expected to show substantial growth in the coming years on the back of its better price to performance ratio compared to AC pumps.” Navneet further added.
Some of the major companies Australia Solar Water Pumping System Market include Lorentz, Grundfos Pump, KSB Australia, Davey Water Products, and others.
“Australia Solar Water Pumping System Market (2021-2027)” report provides an in-depth analysis with 20 figures and 11 tables, covered in 87 pages. The 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.