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Market Forecast 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)), 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) And Competitive Landscape
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 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.
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.
For Latest Press Release : https://www.6wresearch.com/press-release/australia-solar-water-pumping-system-market-size-is-projected-to-grow-at-a-cagr-of-110-during-2021-27
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.
Key Highlights of the Report
- Australia Solar Water Pumping System Market Overview
- Australia Solar Water Pumping System Market Trends and Industry Life Cycle
- Australia Solar Water Pumping System Market Outlook
- Australia Solar Water Pumping System Market Forecast
- Market Drivers and Restraints
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Australia Solar Water Pumping System Market Share, By Players
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Australia Off-Grid Solar Water Pumping System Market Size and Market Forecast of Revenues and Volume, 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
- 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
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