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The solar water pump industry is expected to be worth $1.5 billion by 2022. Over the five-year projection period (2023-2030), the market for solar water pumps is expected to rise from USD1.64 billion in 2023 to USD2.83 billion in 2030, at a CAGR (compound annual growth rate) of 10.50%. Market growth is being driven primarily by increases in renewable energy production, agricultural activities, and infrastructural investment in developing countries.
Today, electricity is essential, and its use is on the rise in every part of the globe. As a result of the advancements in technology, both the global population and the average amount of electricity used by each individual are on the rise. Countries' increased electricity generation during the past decade has boosted demand for shunt capacitors. The shunt capacitor industry is segmented into submarkets such as floor-mount, pole-mount, wall-mount, etc. The global shunt capacitor market is divided into three categories: low, medium, and high voltage. The shunt capacitor is widely used in high voltage systems for either absorbing or supplying reactive power, which aids in voltage regulation. The shunt capacitor industry is segmented into submarkets for utilities, industry, commerce, and other uses. The shunt capacitor is commonly used in utility-scale sub-stations and distribution hubs.
The agricultural sector is one of the most important contributors to a country's GDP growth. The importance of irrigation to farmers suggests that the market for solar-powered water pumps will grow in tandem with the sector as a whole. Opportunities for solar pumps are expected to grow in the next years as a result of the increasing modernization of the agricultural sector and the gradual move to sustainable energy sources. Water can be pumped from various sources including open wells, bore wells, streams, ponds, and canals using a motor powered by electricity generated by a photovoltaic array. The water needed for agricultural irrigation, livestock watering, and human consumption can all be supplied by solar water pump systems. Another prominent use for solar power is the solar water pump. In view of the trend towards clean renewable energy sources and clean energy, many government bodies have instituted subsidies for solar-type water pumps to encourage their widespread use. To lessen their impact on the environment and lessen their reliance on fossil fuels, pumps in India are subsidised in an effort to increase their uptake in the market.
In addition to these benefits, a solar-powered water pump offers many more advantages than an electric water pump. The biggest benefit of solar water pumps, according to most users, is that they do not require connection to the electrical grid. Nearly all modern pumps are totally grid-dependent, meaning that if the electricity goes out, so does the pumping. The ease with which they can be operated is a major element in the spread of solar-powered pumps. During the day, the pump can run on solar power, and that energy can be stored for later use. As a result, the global market for solar water pumps has seen a rise in its CAGR as of late. Differentiating the solar water pump industry by end use (drinking water, agricultural, and other) is essential. The primary driver propelling the expansion of the market for these products is the expanding adoption of solar pumping systems in agricultural settings. Desalination, irrigation, and providing livestock with drinkable water are just few of the many uses for solar-powered pumps in the agricultural sector. Using solar pumps in farming can help raise farmers' profits while decreasing operational expenses. Farms can lessen their impact on the environment by using solar pumps. The expanding demand for these items is mostly attributable to the increasing use of solar pumping systems in agricultural settings. Solar pumps are used in agriculture for a variety of purposes, including irrigation, desalinization, and livestock watering. The use of solar pumps in agriculture has the potential to increase profits and decrease expenses for farmers. Solar pumps could help farms lessen their impact on the environment. Therefore, the use of solar water pumps in agriculture is good for the expansion of the solar water pump industry. The report breaks down the global market into four regions: North America, Europe, Asia/Pacific, and the rest of the world. The North American solar water pump market is estimated to grow at a healthy CAGR from its 2021 total of USD 0.687 billion. It accounts for 45.8 percent of the market overall. The increasing interest in non-electrical means of pumping water explains this trend.
Shunt capacitors are electrical components that allow the power system to function more effectively and improve the reliability of the electricity supply. Power factor correction capacitors are widely used in the commercial and industrial sectors due to their reputation for reliability and safety. Shunt capacitors are becoming increasingly popular because of how simple they are to set up, how quickly they can be deployed virtually, and how little they cost. Increases in both the economy and the population have resulted in a corresponding rise in the demand for electricity. Additionally, increased energy use is associated with an increase in the standard of living. The need for shunt capacitors is on the rise due to a number of causes, including rising power consumption and substantial investment in renewable energy power generation. Increases in transmission and distribution network investment and the demand for a more secure electrical infrastructure are also anticipated to fuel the worldwide shunt capacitor market. However, the shunt capacitor market is being held back by the expensive initial investment and high cost of raw materials. As the global demand for electricity rises, many nations are investing in electric grid expansion and modernization projects. The shunt capacitor industry will benefit greatly from these trends.
Report Coverage
Global Shunt Capacitor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shunt Capacitor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shunt Capacitor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shunt Capacitor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shunt Capacitor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shunt Capacitor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Ltd. (U.S.), General Electric Company (U.S.), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation Plc (Ireland), Larsen & Toubro Ltd (India), Aerovox Corp. (U.S.), Magnewin Energy Private Limited (India), SA (Spain), CIRCUTOR, Energy Capacitors Pvt Ltd (India) and others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shunt Capacitor market based on the below-mentioned segments:
Global Shunt Capacitor Market, By Voltage
Low
Medium
High
Global Shunt Capacitor Market, By End User
Power Generation
Renewable Energy
Transmission and Distribution Utilities
Transport & Infrastructure
Industrial
Others
Global Shunt Capacitor market, Regional Analysis
Today, electricity is essential, and its use is on the rise in every part of the globe. As a result of the advancements in technology, both the global population and the average amount of electricity used by each individual are on the rise. Countries' increased electricity generation during the past decade has boosted demand for shunt capacitors. The shunt capacitor industry is segmented into submarkets such as floor-mount, pole-mount, wall-mount, etc. The global shunt capacitor market is divided into three categories: low, medium, and high voltage. The shunt capacitor is widely used in high voltage systems for either absorbing or supplying reactive power, which aids in voltage regulation. The shunt capacitor industry is segmented into submarkets for utilities, industry, commerce, and other uses. The shunt capacitor is commonly used in utility-scale sub-stations and distribution hubs.
The agricultural sector is one of the most important contributors to a country's GDP growth. The importance of irrigation to farmers suggests that the market for solar-powered water pumps will grow in tandem with the sector as a whole. Opportunities for solar pumps are expected to grow in the next years as a result of the increasing modernization of the agricultural sector and the gradual move to sustainable energy sources. Water can be pumped from various sources including open wells, bore wells, streams, ponds, and canals using a motor powered by electricity generated by a photovoltaic array. The water needed for agricultural irrigation, livestock watering, and human consumption can all be supplied by solar water pump systems. Another prominent use for solar power is the solar water pump. In view of the trend towards clean renewable energy sources and clean energy, many government bodies have instituted subsidies for solar-type water pumps to encourage their widespread use. To lessen their impact on the environment and lessen their reliance on fossil fuels, pumps in India are subsidised in an effort to increase their uptake in the market.
In addition to these benefits, a solar-powered water pump offers many more advantages than an electric water pump. The biggest benefit of solar water pumps, according to most users, is that they do not require connection to the electrical grid. Nearly all modern pumps are totally grid-dependent, meaning that if the electricity goes out, so does the pumping. The ease with which they can be operated is a major element in the spread of solar-powered pumps. During the day, the pump can run on solar power, and that energy can be stored for later use. As a result, the global market for solar water pumps has seen a rise in its CAGR as of late. Differentiating the solar water pump industry by end use (drinking water, agricultural, and other) is essential. The primary driver propelling the expansion of the market for these products is the expanding adoption of solar pumping systems in agricultural settings. Desalination, irrigation, and providing livestock with drinkable water are just few of the many uses for solar-powered pumps in the agricultural sector. Using solar pumps in farming can help raise farmers' profits while decreasing operational expenses. Farms can lessen their impact on the environment by using solar pumps. The expanding demand for these items is mostly attributable to the increasing use of solar pumping systems in agricultural settings. Solar pumps are used in agriculture for a variety of purposes, including irrigation, desalinization, and livestock watering. The use of solar pumps in agriculture has the potential to increase profits and decrease expenses for farmers. Solar pumps could help farms lessen their impact on the environment. Therefore, the use of solar water pumps in agriculture is good for the expansion of the solar water pump industry. The report breaks down the global market into four regions: North America, Europe, Asia/Pacific, and the rest of the world. The North American solar water pump market is estimated to grow at a healthy CAGR from its 2021 total of USD 0.687 billion. It accounts for 45.8 percent of the market overall. The increasing interest in non-electrical means of pumping water explains this trend.
Shunt capacitors are electrical components that allow the power system to function more effectively and improve the reliability of the electricity supply. Power factor correction capacitors are widely used in the commercial and industrial sectors due to their reputation for reliability and safety. Shunt capacitors are becoming increasingly popular because of how simple they are to set up, how quickly they can be deployed virtually, and how little they cost. Increases in both the economy and the population have resulted in a corresponding rise in the demand for electricity. Additionally, increased energy use is associated with an increase in the standard of living. The need for shunt capacitors is on the rise due to a number of causes, including rising power consumption and substantial investment in renewable energy power generation. Increases in transmission and distribution network investment and the demand for a more secure electrical infrastructure are also anticipated to fuel the worldwide shunt capacitor market. However, the shunt capacitor market is being held back by the expensive initial investment and high cost of raw materials. As the global demand for electricity rises, many nations are investing in electric grid expansion and modernization projects. The shunt capacitor industry will benefit greatly from these trends.
Report Coverage
Global Shunt Capacitor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shunt Capacitor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shunt Capacitor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shunt Capacitor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB Ltd. (U.S.), General Electric Company (U.S.), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation Plc (Ireland), Larsen & Toubro Ltd (India), Aerovox Corp. (U.S.), Magnewin Energy Private Limited (India), SA (Spain), CIRCUTOR, Energy Capacitors Pvt Ltd (India) and others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Shunt Capacitor Market from 2021 to 2030.
- Market Forecast for Shunt Capacitor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Shunt Capacitor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Shunt Capacitor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shunt Capacitor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shunt Capacitor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Ltd. (U.S.), General Electric Company (U.S.), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation Plc (Ireland), Larsen & Toubro Ltd (India), Aerovox Corp. (U.S.), Magnewin Energy Private Limited (India), SA (Spain), CIRCUTOR, Energy Capacitors Pvt Ltd (India) and others.
Primary Target Market
- Market Players of Shunt Capacitor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shunt Capacitor market based on the below-mentioned segments:
Global Shunt Capacitor Market, By Voltage
Low
Medium
High
Global Shunt Capacitor Market, By End User
Power Generation
Renewable Energy
Transmission and Distribution Utilities
Transport & Infrastructure
Industrial
Others
Global Shunt Capacitor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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