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Solar Pump Market by Product (Surface Suction, Submersible, and Floating), End-user Industry (Agriculture, Water Management, and Others), and By Operation (AC Pump and DC Pump): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06657
Pages: 319
Aug 2020 | 1607 Views
 
Author(s) : Ayushi Choudhary , Eswara Prasad
Tables: 194
Charts: 36
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global solar pump market was valued at $1.21 billion in 2019, and is projected to reach $2.05 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027. Over the last few years, the solar water pump market has been developing at a considerable pace. This was attributed to low cost of low price of PV panels, strong presence of solar water pump producers, and high awareness of solar water pumping, due to various country and local governments’ regulations to promote production of energy from renewable sources to reduce dependency on fossil fuels and minimize the emission of pollutants. Rapid development of PV technology has benefited the market by decreasing the price of solar water pump.

Solar pump market growth is being impacted, as the market is highly dependent on export/import, wherein international trading is highly restricted due to lockdown of manufacturing facility and restrictions on supply chain management.

 

Developing nations are providing opportunity for the growth of the solar water pump market, as major adoption of solar pump has been witnessed in Asia-Pacific, particularly in India, China, and Japan. This is majorly attributed to surge in agricultural activities and increase in demand for electricity from renewable source of generation. India has set a target to deploy more than 100,000 sun pump by 2020, with Bangladesh targeting 50,000 by 2025.  Africa and the Center East are other two different fundamental markets for solar water pump, wherein there was an accelerated water demand observed for irrigation. Kenya, Morocco, Namibia, and Nigeria are all expected to offer solar pump market opportunity to grow.

Sola Pumps Market

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The global solar pump market is segmented into product, end-user industry, operation, and region. On the basis of product, the market is divided into surface suction, submersible, and floating. The submersible segment was the highest revenue contributor to the market, due to increase in use of submersible solar pump for water extraction from all size of bores, irrigation systems for agriculture, including drip & sprinkler systems and pressure boosting applications. Submersible solar pump are further utilized for domestic water supply to large residences and multi-storied apartments and dewatering of mines.

Solar Pump Market
By Product

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Floating segment is projected to grow with a CAGR of 8.7% during the forecast period.

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By end-user industry, the solar pump market trends are studied across agriculture, water management, and others. The agriculture segment dominated the market. This is attributed to countries in Asia-Pacific, such as India, are increasingly installing solar pump for water irrigation purpose. As solar energy is easily available, it is expected that the demand for solar pump, particularly for farming application will increase notably, which is anticipated to boost the market growth.

Solar Pump Market
By End-User Industry

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Agriculture is projected as the most lucrative segment.

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Depending on operation, the market is segregated into AC pump and DC pump. The AC pump segment holds the largest solar pump market share. It is anti-corrosion nature and provides high wear resistance as it reduces the operating costs due to its high pumping efficiency and longevity. It can work continuously for a prolonged period, and thus are highly reliable even under harsh conditions.

Solar Pump Market
By Operation

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DC Pump is projected as the most lucrative segment.

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Region wise, the global solar pump market size is analyzed across into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor to the market. Asia-Pacific solar pump market is analyzed across China, Japan, South Korea, Australia, and rest of Asia-Pacific. In Asia-Pacific, solar energy is widely used in generation of electricity for standalone systems and rural electrification. The growth of the Asia-Pacific solar pump market is driven by increase in government initiatives, such as Akshay Urja, which includes electrification of rural areas. These initiatives are expected to increase the demand for PV energy, as governments would distribute solar pump in rural areas. Such initiatives are expected to increase the demand for solar pump, and contribute toward the growth of the market.

Solar Pump Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Europe is expected to grow with a CAGR of 8.5% during the forecast period.

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The key players involved in the global solar pump industry are Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump, CRI Pump Pvt. Ltd., Oswal Pump Ltd., LORENTZ, The Lubi Group, Samking Pump Company, Greenmax Technology, and AQUA GROUP.

COVID-19 impact on global solar pump market

The outbreak of COVID-19 has disrupted the global solar industry by halting the operations. At present, the solar industry imports nearly 80% of its major solar panel materials from China. The pandemic has affected the manufacturing capacities of China, as all fundamental ship container organizations had additionally stopped functioning out of Chinese ports and transporting items from China to other countries, including of India. As the Chinese production is expected to again head in the right direction, it is assumed that the resumption of the China-originated deliver chain will help restart the Indian solar industry.

Key Benefits for Stakeholders:

  • The report provides extensive qualitative and quantitative analyses of the current market trends and future estimations of the market from 2019 to 2027 to determine the prevailing opportunities.
  • Comprehensive analysis of factors that drive and restrict the solar pump market growth is provided.
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
  • Profiles of leading players operating in the global solar pump market analysis are provided, and this helps in understanding the competitive scenario globally.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
  • The global solar pump market forecast is done from 2020 to 2027.

Key Market Segments:

By Product

  • Surface Suction
  • Submersible
  • Floating

By End-user industry

  • Agriculture
  • Water Management
  • Others

By Operation

  • AC Pump
  • DC Pump

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key Forces Shaping Solar pump Market

3.2.1. High Bargaining Power of suppliers
3.2.2. Moderate Bargaining Power of Buyer
3.2.3. High Threat of Substitutes
3.2.4. Highly Competitive Rivalry
3.2.5. High Threat of New Entrants

3.3. Top Player Positioning
3.4. Market evolution/Industry roadmap
3.5. Impact of government regulations on the global solar pump market
3.6. Patent Analysis

3.6.1. By Region

3.7. Market dynamics

3.7.1. Drivers

3.7.1.1. Increase in demand for solar pump in agricultural applications
3.7.1.2. Supportive government regulations for use of photovoltaic technology

3.7.2. Restraints

3.7.2.1. High cost associated with installation
3.7.2.2. Barriers in adoption of solar water pump

3.7.3. Opportunity

3.7.3.1. Technological advancement in emerging economies

3.8. Impact of COVID-19 on global solar pump market

CHAPTER 4: SOLAR PUMP MARKET, BY PRODUCT

4.1. Overview
4.2. Surface suction

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Submersible

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Floating

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: SOLAR PUMP MARKET, BY END-USE INDUSTRY

5.1. Overview
5.2. Agriculture

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Water Management

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Others

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

CHAPTER 6: SOLAR PUMP MARKET, BY OPERATION

6.1. Overview
6.2. AC Pump

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. DC Pump

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: SOLAR PUMP MARKET, BY REGION

7.1. Overview
7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by product
7.2.3. Market size and forecast, by end-user industry
7.2.4. Market size and forecast, by operation
7.2.5. Market analysis, by country

7.2.5.1. U.S.

7.2.5.1.1. Market size and forecast, by product
7.2.5.1.2. Market size and forecast, by end-user industry
7.2.5.1.3. Market size and forecast, by operation

7.2.5.2. Canada

7.2.5.2.1. Market size and forecast, by product
7.2.5.2.2. Market size and forecast, by end-user industry
7.2.5.2.3. Market size and forecast, by operation

7.2.5.3. Mexico

7.2.5.3.1. Market size and forecast, by product
7.2.5.3.2. Market size and forecast, by end-user industry
7.2.5.3.3. Market size and forecast, by operation

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by product
7.3.3. Market size and forecast, by end-user industry
7.3.4. Market size and forecast, by operation
7.3.5. Market analysis, by country

7.3.5.1. UK

7.3.5.1.1. Market size and forecast, by product
7.3.5.1.2. Market size and forecast, by end-user industry
7.3.5.1.3. Market size and forecast, by operation

7.3.5.2. Germany

7.3.5.2.1. Market size and forecast, by product
7.3.5.2.2. Market size and forecast, by end-user industry
7.3.5.2.3. Market size and forecast, by operation

7.3.5.3. France

7.3.5.3.1. Market size and forecast, by product
7.3.5.3.2. Market size and forecast, by end-user industry
7.3.5.3.3. Market size and forecast, by operation

7.3.5.4. Spain

7.3.5.4.1. Market size and forecast, by product
7.3.5.4.2. Market size and forecast, by end-user industry
7.3.5.4.3. Market size and forecast, by operation

7.3.5.5. Italy

7.3.5.5.1. Market size and forecast, by product
7.3.5.5.2. Market size and forecast, by end-user industry
7.3.5.5.3. Market size and forecast, by operation

7.3.5.6. Rest of Europe

7.3.5.6.1. Market size and forecast, by product
7.3.5.6.2. Market size and forecast, by end-user industry
7.3.5.6.3. Market size and forecast, by operation

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by product
7.4.3. Market size and forecast, by end-user industry
7.4.4. Market size and forecast, by operation
7.4.5. Market analysis, by country

7.4.5.1. China

7.4.5.1.1. Market size and forecast, by product
7.4.5.1.2. Market size and forecast, by end-user industry
7.4.5.1.3. Market size and forecast, by operation

7.4.5.2. India

7.4.5.2.1. Market size and forecast, by product
7.4.5.2.2. Market size and forecast, by end-user industry
7.4.5.2.3. Market size and forecast, by operation

7.4.5.3. Japan

7.4.5.3.1. Market size and forecast, by product
7.4.5.3.2. Market size and forecast, by end-user industry
7.4.5.3.3. Market size and forecast, by operation

7.4.5.4. South Korea

7.4.5.4.1. Market size and forecast, by product
7.4.5.4.2. Market size and forecast, by end-user industry
7.4.5.4.3. Market size and forecast, by operation

7.4.5.5. Australia

7.4.5.5.1. Market size and forecast, by product
7.4.5.5.2. Market size and forecast, by end-user industry
7.4.5.5.3. Market size and forecast, by operation

7.4.5.6. Rest of Asia-Pacific

7.4.5.6.1. Market size and forecast, by product
7.4.5.6.2. Market size and forecast, by end-user industry
7.4.5.6.3. Market size and forecast, by operation

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by product
7.5.3. Market size and forecast, by end-user industry
7.5.4. Market size and forecast, by operation
7.5.5. Market analysis, by country

7.5.5.1. Brazil

7.5.5.1.1. Market size and forecast, by product
7.5.5.1.2. Market size and forecast, by end-user industry
7.5.5.1.3. Market size and forecast, by operation

7.5.5.2. Saudi Arabia

7.5.5.2.1. Market size and forecast, by product
7.5.5.2.2. Market size and forecast, by end-user industry
7.5.5.2.3. Market size and forecast, by operation

7.5.5.3. South Africa

7.5.5.3.1. Market size and forecast, by product
7.5.5.3.2. Market size and forecast, by end-user industry
7.5.5.3.3. Market size and forecast, by operation

7.5.5.4. Rest of LAMEA

7.5.5.4.1. Market size and forecast, by product
7.5.5.4.2. Market size and forecast, by end-user industry
7.5.5.4.3. Market size and forecast, by operation

CHAPTER 8: COMPANY PROFILES:

8.1. Vincent Solar Energy Company

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio

8.2. TATA Power Solar Systems Ltd.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio

8.3. Shakti Pump

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio

8.4. CRI Pump

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio

8.5. OSWAL PUMP LTD.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio

8.6. LORENTZ

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio

8.7. Lubi Electronics

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio

8.8. Samking Pump Company

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio

8.9. Greenmax Technology

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio

8.10. AQUA GROUP

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 02. GLOBAL SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 03. SOLAR PUMP MARKET REVENUE FOR SURFACE SUCTION, BY REGION 2019–2027 ($MILLION)
TABLE 04. SOLAR PUMP MARKET REVENUE FOR SURFACE SUCTION, BY REGION 2019–2027 (UNITS)
TABLE 05. SOLAR PUMP MARKET REVENUE FOR SUBMERSIBLE, BY REGION 2019–2027 ($MILLION)
TABLE 06. SOLAR PUMP MARKET REVENUE FOR SUBMERSIBLE, BY REGION 2019–2027 (UNITS)
TABLE 07. SOLAR PUMP MARKET REVENUE FOR FLOATING, BY REGION 2019–2027 ($MILLION)
TABLE 08. SOLAR PUMP MARKET REVENUE FOR FLOATING, BY REGION 2019–2027 (UNITS)
TABLE 09. GLOBAL SOLAR PUMP MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 10. GLOBAL SOLAR PUMP MARKET, BY END-USE INDUSTRY, 2019–2027 (UNITS)
TABLE 11. SOLAR PUMP MARKET REVENUE FOR AGRICULTURE , BY REGION 2019–2027 ($MILLION)
TABLE 12. SOLAR PUMP MARKET REVENUE FOR AGRICULTURE , BY REGION 2019–2027 (UNITS)
TABLE 13. SOLAR PUMP MARKET REVENUE FOR WATER MANAGEMENT, BY REGION 2019–2027 ($MILLION)
TABLE 14. SOLAR PUMP MARKET REVENUE FOR WATER MANAGEMENT, BY REGION 2019–2027 (UNITS)
TABLE 15. SOLAR PUMP MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 16. SOLAR PUMP MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 (UNITS)
TABLE 17. GLOBAL SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 18. GLOBAL SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 19. SOLAR PUMP MARKET REVENUE FOR AC PUMP , BY REGION 2019–2027 ($MILLION)
TABLE 20. SOLAR PUMP MARKET REVENUE FOR AC PUMP , BY REGION 2019–2027 (UNITS)
TABLE 21. SOLAR PUMP MARKET REVENUE FOR DC PUMP, BY REGION 2019–2027 ($MILLION)
TABLE 22. SOLAR PUMP MARKET REVENUE FOR DC PUMP, BY REGION 2019–2027 (UNITS)
TABLE 23. GLOBAL SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
TABLE 24. GLOBAL SOLAR PUMP MARKET REVENUE, 2019–2027(UNITS)
TABLE 25. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027($MILLION)
TABLE 26. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027(UNITS)
TABLE 27. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027($MILLION)
TABLE 28. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027(UNITS)
TABLE 29. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027($MILLION)
TABLE 30. NORTH AMERICAN SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027(UNITS)
TABLE 31. NORTH AMERICA SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027($MILLION)
TABLE 32. NORTH AMERICA SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027(UNITS)
TABLE 33. U.S. SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 34. U.S. SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 35. U.S. SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 36. U.S. SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 37. U.S. SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 38. U.S. SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 39. CANADA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 40. CANADA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 41. CANADA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 42. CANADA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 43. CANADA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 44. CANADA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 45. MEXICO SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 46. MEXICO SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 47. MEXICO SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 48. MEXICO SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 49. MEXICO SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 50. MEXICO SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 51. EUROPE SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027($MILLION)
TABLE 52. EUROPE SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027(UNITS)
TABLE 53. EUROPE SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027($MILLION)
TABLE 54. EUROPE SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027(UNITS)
TABLE 55. EUROPE SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027($MILLION)
TABLE 56. EUROPE SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027(UNITS)
TABLE 57. EUROPE SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027($MILLION)
TABLE 58. EUROPE SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027(UNITS)
TABLE 59. UK SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 60. UK SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 61. UK  SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 62. UK  SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 63. UK SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 64. UK SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 65. GERMANY SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 66. GERMANY SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 67. GERMANY SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 68. GERMANY SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 69. GERMANY SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 70. GERMANY SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 71. FRANCE SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 72. FRANCE SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 73. FRANCE SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 74. FRANCE SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 75. FRANCE SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 76. FRANCE SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 77. SPAIN SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 78. SPAIN SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 79. SPAIN SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 80. SPAIN SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 81. SPAIN SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 82. SPAIN SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 83. ITALY SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 84. ITALY SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 85. ITALY SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 86. ITALY SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 87. ITALY SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 88. ITALY SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 89. REST OF EUROPE SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 90. REST OF EUROPE SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 91. REST OF EUROPE SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 92. REST OF EUROPE SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 93. REST OF EUROPE SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 94. REST OF EUROPE SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 95. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027($MILLION)
TABLE 96. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027(UNITS)
TABLE 97. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027($MILLION)
TABLE 98. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027(UNITS)
TABLE 99. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027($MILLION)
TABLE 100. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027(UNITS)
TABLE 101. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027($MILLION)
TABLE 102. ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027(UNITS)
TABLE 103. CHINA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 104. CHINA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 105. CHINA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 106. CHINA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 107. CHINA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 108. CHINA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 109. INDIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 110. INDIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 111. INDIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 112. INDIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 113. INDIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 114. INDIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 115. JAPAN SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 116. JAPAN SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 117. JAPAN SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 118. JAPAN SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 119. JAPAN SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 120. JAPAN SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 121. SOUTH KOREA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 122. SOUTH KOREA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 123. SOUTH KOREA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 124. SOUTH KOREA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 125. SOUTH KOREA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 126. SOUTH KOREA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 127. AUSTRALIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 128. AUSTRALIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 129. AUSTRALIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 130. AUSTRALIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 131. AUSTRALIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 132. AUSTRALIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 133. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 134. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 135. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 136. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 137. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 138. REST OF ASIA-PACIFIC SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 139. LAMEA SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027($MILLION)
TABLE 140. LAMEA SOLAR PUMP MARKET REVENUE, BY PRODUCT 2019–2027(UNITS)
TABLE 141. LAMEA SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027($MILLION)
TABLE 142. LAMEA SOLAR PUMP MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027(UNITS)
TABLE 143. LAMEA SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027($MILLION)
TABLE 144. LAMEA SOLAR PUMP MARKET REVENUE, BY OPERATION, 2019–2027(UNITS)
TABLE 145. LAMEA SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027($MILLION)
TABLE 146. LAMEA SOLAR PUMP MARKET REVENUE, BY COUNTRY, 2019–2027(UNITS)
TABLE 147. BRAZIL SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 148. BRAZIL SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 149. BRAZIL SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 150. BRAZIL SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 151. BRAZIL SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 152. BRAZIL SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 153. SAUDI ARABIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 154. SAUDI ARABIA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 155. SAUDI ARABIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 156. SAUDI ARABIA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 157. SAUDI ARABIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 158. SAUDI ARABIA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 159. SOUTH AFRICA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 160. SOUTH AFRICA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 161. SOUTH AFRICA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 162. SOUTH AFRICA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 163. SOUTH AFRICA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 164. SOUTH AFRICA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 165. REST OF LAMEA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 166. REST OF LAMEA SOLAR PUMP MARKET, BY PRODUCT, 2019–2027 (UNITS)
TABLE 167. REST OF LAMEA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 168. REST OF LAMEA SOLAR PUMP MARKET, BY END-USER INDUSTRY, 2019–2027 (UNITS)
TABLE 169. REST OF LAMEA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 ($MILLION)
TABLE 170. REST OF LAMEA SOLAR PUMP MARKET, BY OPERATION, 2019–2027 (UNITS)
TABLE 171. VINCENT SOLAR ENERGY COMPANY: COMPANY SNAPSHOT
TABLE 172. VINCENT SOLAR ENERGY COMPANY: PRODUCT PORTFOLIO
TABLE 173. TATA POWER SOLAR SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 174. TATA POWER SOLAR SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 175. SHAKTI PUMP: COMPANY SNAPSHOT
TABLE 176. SHAKTI PUMP: PRODUCT PORTFOLIO
TABLE 177. CRI PUMP: COMPANY SNAPSHOT
TABLE 178. CRI PUMP: PRODUCT PORTFOLIO
TABLE 179. OSWAL PUMP LTD.: COMPANY SNAPSHOT
TABLE 180. OSWAL PUMP LTD.: PRODUCT PORTFOLIO
TABLE 181. LORENTZ: COMPANY SNAPSHOT
TABLE 182. LORENTZ: PRODUCT PORTFOLIO
TABLE 183. LUBI ELECTRONICS: COMPANY SNAPSHOT
TABLE 184. LUBI ELECTRONICS: PRODUCT PORTFOLIO
TABLE 185. SAMKING PUMP COMPANY: COMPANY SNAPSHOT
TABLE 186. SAMKING PUMP COMPANY: PRODUCT PORTFOLIO
TABLE 187. GREENMAX TECHNOLOGY: COMPANY SNAPSHOT
TABLE 188. GREENMAX TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 189. AQUA GROUP: COMPANY SNAPSHOT
TABLE 190. AQUA GROUP: PRODUCT PORTFOLIO

LIST OF FIGURES

maiFIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. TOP INVESTMENT POCKETS
FIGURE 03. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 04. MODERATE BARGAINING POWER OF BUYERS
FIGURE 05. HIGH THREAT OF SUBSTITUTES
FIGURE 06. HIGH COMPETITIVE RIVALRY
FIGURE 07. HIGH THREAT OF NEW ENTRANTS
FIGURE 08. MARKET PLAYER POSITIONING, 2019
FIGURE 09. PATENT ANALYSIS, BY REGION
FIGURE 10. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR SURFACE SUCTION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 11. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR SUBMERSIBLE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 12. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR FLOATING, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 13. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR AGRICULTURE , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 14. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR WATER MANAGEMENT, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 15. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 16. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR AC PUMP , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17. COMPARATIVE ANALYSIS OF SOLAR PUMP MARKET FOR DC PUMP, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18. U.S. SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 19. CANADA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 20. MEXICO SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 21. UK SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 22. GERMANY SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 23. FRANCE SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 24. SPAIN SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 25. ITALY SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 26. REST OF EUROPE SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 27. CHINA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 28. INDIA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 29. JAPAN SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 30. SOUTH KOREA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 31. AUSTRALIA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 32. REST OF ASIA-PACIFIC SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 33. BRAZIL SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 34. SAUDI ARABIA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 35. SOUTH AFRICA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)
FIGURE 36. REST OF LAMEA SOLAR PUMP MARKET REVENUE, 2019–2027($MILLION)

 
 

Factors such as of stringent government regulations to reduce carbon footprints and use of sun energy to pressure the pump, which cuts down the operating fee, are anticipated to boost the market growth during the forecast period. Furthermore, solar water pump are beneficial in faraway locations, wherein supply of power is insufficient, and places wherein the provision of conventional fuel for powering water pump is not available. However, high installation cost associated with solar water pumping and unavailability of specialized carrier vendors in remote places are expected to hamper the growth of the market. 

Submersible pump is expected to hold the major share in the global solar pump market.  Several Energy Grand projects are implemented in nine nations, out of which seven have been centered in Africa. These projects aim to facilitate the use of renewable energy in agriculture, with focus on solar water pump, which is expected to drive the global market growth.

 
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FREQUENTLY ASKED QUESTIONS?
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A. The global solar pump market is projected to reach $2.05 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027.

A. The global solar pump market was valued at $1.21 billion in 2019.

A. To get latest version of solar pump market report can be obtained on demand from the website.

A. The China and India are the two topmost investment pockets for the global solar pumps attributed to the rapid expansion of agricultural activities and demand for power consumption while lacking reliable power generation and infrastructure needed for irrigation and community water supplies.

A. In Asia-Pacific, such as India, solar pumps are increasingly installed for water irrigation purpose. As solar energy is easily available, it is expected that the demand for solar pump, particularly for farming application will increase notably, which is anticipated to boost the market growth.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. The submersible segment was the highest revenue contributor to the market, due to increase in use of submersible solar pump for water extraction from all size of bores, irrigation systems for agriculture, including drip & sprinkler systems and pressure boosting applications.

A. Asia-Pacific was the highest revenue contributor to the market. The growth of the Asia-Pacific solar pump market is driven by increase in government initiatives, such as Akshay Urja, which includes electrification of rural areas. These initiatives are expected to increase the demand for PV energy, as governments would distribute solar pump in rural areas. Such initiatives are expected to increase the demand for solar pump, which is expected to contribute toward the growth of the market.

A. The company profiles are analyzed by performing a thorough study of the leading players in the Solar Pump market. Comprehensive analysis of recent developments and growth curves of various companies help to understand the growth strategies adopted by them and their potential effect on the market.

A. Over the last few years, the solar water pump market has been developing at a considerable pace. This was attributed to low cost of low price of PV panels, strong presence of solar water pump producers, and high awareness of solar water pumping, due to various country and local governments’ regulations to promote production of energy from renewable sources to reduce dependency on fossil fuels and minimize the emission of pollutants.

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