Research Nester’s recent market research analysis on “Wind Powered Water Pumps Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global wind-powered water pumps market in terms of market segmentation by mechanism, component, capacity, end-use, and by region.
Insufficient Electrical Supply in Rural Areas to Boost the Global Wind-Powered Water Pumps Market
The global market for wind-powered water pumps is estimated to grow on account of insufficient electrical supply in rural areas. Pumping water is suitable where electricity is available. When the infrastructure for distributing energy is inaccessible to rural places, alternative power sources must be utilized. As an alternative energy source, water is pumped using wind power.
Moreover, the environment has been severely impacted by the rising usage of non-renewable energy sources. Consequently, the utilization of sustainable and renewable energy sources is being prioritized by the governments of many nations all across the world. Water pumps that are functioning by the wind are effective and trustworthy. Their effectiveness has also been boosted by new designs and technological developments. For the market for wind-powered water pumps, strict environmental regulations have proven to be a significant growth driver.
Some of the major growth factors and challenges that are associated with the growth of the global wind-powered water pumps market are:
· Technology Advancement & Rising Innovation
· Rise in Irrigation Activities
Wind and solar projects are currently more economically viable as compared to gas, geothermal, coal, or nuclear power plants when it comes to energy costs for new power plants. However, in some places where the wind speed is insufficient, wind projects might not be economically viable. Even more cost reductions may be possible with the help of cutting-edge technology, better manufacturing practices, and a deeper knowledge of the physics of wind farms. Furthermore, compared to conventional power plants, wind farms have different environmental effects, yet there are still worries about the noise generated by the turbine blades as well as the visual effects on the surrounding area. Hence, these factors are estimated to hinder the growth of the market.
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By capacity, the market for wind-powered water pumps market is segmented into <2.5 kWh, 2.5 kWh – 10 kWh, and >10 kWh. Out of these, the >10 kWh segment is anticipated to generate the highest revenue by the end of 2035. Many wind water pumping systems use a capacity of more than 10 kWh since a deeper well translates to a higher head height and a larger load of water. Since wind-powered water pumps are installed for larger projects the need for high capacity is also high.
By region, the Europe market for wind-powered water pumps is poised to grow over the forecast period. This growth is owing to the rising demand for food in this region which is further boosting agricultural activities. Moreover, research using satellite data found that Europe has been experiencing severe drought since last many years. It is becoming more difficult to make up for this deficit as a result of rising temperatures, trapping the Continent in a cycle where the availability of water grows increasingly problematic. Hence, the demand for wind-powered water pumps is set to grow in the Europe region.
This report also provides the existing competitive scenario of some of the key players of the global wind-powered water pumps market which includes company profiling of IWAKI, Co., Ltd., Grundfos Pumps India Private Ltd., QED Environmental Systems Ltd, Aermotor Windmill Company, Waterquip Pty Ltd, O'Brock Windmill Distributors, Southern Cross Windmills, SPX Flow, Iron Man Windmill Co., Ltd., Hyphen Hydrogen Energy (Pty) Ltd, and others.
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