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Global Solar Water Pumps Market Report

Global Solar Water Pumps Market Report

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Global Solar Water Pumps Market, By Type (Submersible Pumps, Surface Pumps, and Others); By Output Range (Up to 1 HP, 1HP to 2 HP, 2HP to 5 HP, and Above 5 HP); By Operation (AC Pumps and DC Pumps); By Application (Agriculture, Drinking Water Supply, Residential, Spa & Pool, and Others); By Region (North America, Europe, the Asia-Pacific, South America, and Middle-East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: July 2021
  • Report ID: BWC20398
  • Available Format: PDF
  • Page: 330

Report Overview

A solar water pump system is an electrical pump system, where the electricity is provided by one or several photovoltaic (PV) panels, i.e., a solar energy source. A solar-powered pumping system is composed of a water pump, pump controller, and solar panel array that powers an electric motor, which in turn powers a bore or surface pump.

Global Solar Water Pumps Market- Industry Trends & Forecast Report 2027

The global Solar Water Pumps market was worth USD 995.0 million in 2020 and is further projected to reach USD 1685.2 million by 2027, at a CAGR of 8.8% during 2021-2027 (forecast period). Stringent government regulations to reduce carbon emissions and favorable government incentive schemes to promote the installation of solar water pumps are fueling the growth of the global solar water pumps market. Moreover, rapid urbanization, the booming infrastructure industry, and growing demand from the agriculture sector are likely to boost the growth of the global solar water pumps market during the forecast period.

Source: BlueWeave Consulting

Global Solar Water Pumps Market Overview

A solar water pump system is an electrical pump system, where the electricity is provided by one or several photovoltaic (PV) panels, i.e., a solar energy source. A solar-powered pumping system is composed of a water pump, pump controller, and solar panel array that powers an electric motor, which in turn powers a bore or surface pump. The water is often pumped from the ground or a stream into a storage tank that provides a gravity feed; hence, energy storage is not needed for these systems.

Global Solar Water Pumps Market Forecast and Trends

Growth Drivers

Favorable Government Initiatives for Installation of Solar Water Pumps

The governing bodies of various developing and developed economies are launching several initiatives to install solar water pumps in agriculture sectors. In developing countries, such as India, China, and others, most farmers still use diesel-powered water pumps for irrigation processes. The agriculture sector needs properly managed irrigation technology to provide water to the crops, animals, and for other use. Solar energy is being used to combat energy consumption issues. As a result, the Indian government has created several schemes to stimulate the development of grid-connected solar power plants and solar pumps to provide farmers with financial and water security.

For instance, the scheme launched by the Indian government for the penetration and adoption of solar water pumps is divided into three parts: Installing standalone solar pumps, solarization of grid-connected pumps, and commissioning of grid-connected solar power plants. The Indian government intends to add 25,750 MW of combined solar capacity (all three Types) through this scheme by 2022. Type B and Type C intend to serve the agriculture sector with solar water pumps. In Type B - the government announced to replace diesel-powered agricultural water pumps by providing 1.75 million standalone solar water pumps with a capacity of 7.5 HP. Type C- the government announced to solarize the 1million grid-connected agriculture pumps up to 7.5 HP by 2022. According to the Ministry of New and Renewable Energy reported that by August 2020, 257,439 solar water pumps had been installed across India. Thus, the rising government initiatives for the solarization of pumps boost the growth of the global solar water pumps market.

Increasing Demand for Clean and Cost-Efficient Energy

The governments of various countries are placing greater emphasis on reducing carbon emissions and maintaining a cleaner and greener environment in the coming years. As a result of increasing customer preferences for solar water pumps for domestic and personal usage, the global solar water pumps market is likely to register impressive growth during the forecast period. Furthermore, in a country like China, where air pollution is a severe issue, solar water pumps offer a clean, sustainable energy solution compared to fuel-powered pumps. According to the Berkeley Earth Group, nearly 1.5 million people die every year in China due to air pollution.

Thus, various government initiatives to install solar panels and solar-powered pumps are powering market expansion. Also, key market players are refocusing their efforts to produce more advanced solar water pumps. For instance, KSB Pumps Ltd., based in Pune, is a leading international supplier of pumps, valves, and related systems. It has introduced a new product called KSBSol, a submersible pump set with high energy efficiency and reliability that can be powered by solar energy. Therefore, the aforementioned factors are contributing to the market growth and are expected to propel the demand for the global solar water pumps market during the forecast period as well.

Restraints

Lack of Awareness among the People

Solar pumps have a high installation cost, which limits the growth of the global solar water pump market. High-priced parts and tools are used to manufacture solar panels and pumps. Furthermore, they necessitate regular maintenance for optimal performance.

Also, the lack of awareness among the people regarding the use of solar pumps is obstructing the growth of the global solar pumps market. The Asia-Pacific is the largest user of solar pumps market, with India leading the charge. The maximum usage of solar pumps finds its applications in APAC’s agriculture sector. Farmers in the regions are not well educated and unaware of the importance of the solar pumps hampering the market growth. Thus, lack of awareness is the primary factor impacting the growth of the solar water pump market.

Impact of COVID-19 on Global Solar Water Pumps Market

COVID-19 has affected the global economy in three ways: by production & demand, by supply chain & market disruption, and by the financial impact on firms & financial markets. Besides this, the imposed lockdown restrictions resulted in weakened demand for solar water pumps as people were going through tough times, financially, emotionally, and mentally. The high initial cost of investment and difficulties in setting up the equipment resulted in potential customers moving away from purchasing the solar water pump and move towards conventional water pumps. According to a report published by Institute for Energy Economics and Financial Analysis (IEEFA), India is one of the biggest markets for solar water pumps. But the country has only achieved one-eighth of its solar water pump target with only 8,900 solar pumps installed in one year after the Indian government announced its USD 4.7 billion worth PM-KUSUM scheme. The number was expected to be even lower in 2020 owing to financial difficulties, protests against the proposed Farmers Bill, and other issues created by lockdown and COVID-19. West Africa was the only region to present increased demand for solar water pumps in 2020 with every other region witnessing weakened demand in 2020.

Global Solar Water Pumps Market- By Output Range

Based on output range, the global solar water pumps market is fragmented as - Up to 1 HP, 1 HP to 2 HP, 2 HP to 5 HP, and Above 5 HP. Out of these, the 2HP to 5 HP has accounted for the largest share in the market in 2020. This can be attributed to the modern safety features associated with it such as dry run, low voltage, and reverse polarity. Due to the aforementioned factors, these pumps are widely adopted in various applications, thereby driving the growth of this segment in the global solar water pump market.

Such output pumps are used for irrigation, drinking water supply, and the residential sector at a large scale. The 5 HP solar water pump can carry water up to 600 feet and can be fit in large wells. These pumps are majorly used at places where water is submerged deep into the earth's surface. The presence of small-scale farmers mostly in Asian and African countries has seen a storm by the investors due to the increasing adoption of solar based pumps in the region. Additionally, the growing government initiatives for resource and energy conservation and zero carbon emission in the upcoming years is likely to boost the growth of the segment in the global solar water pumps market during the forecast era.

Source: BlueWeave Consulting

Global Solar Water Pumps Market- By Operation

Based on operation, the global solar water pumps market is grouped into– AC pumps and DC pumps. Out of these, the DC pumps caters to the largest market share. DC pumps are highly used pumps in the global solar pumps market as they can operate directly from the battery which makes them more portable and easier to use. DC pumps use power directly generated from the solar panels to facilitate water movement from one end to another. Solar powered DC pumps uses solar energy produced by the photovoltaic cells with the help of PV panels. These DC pumps are easy to control and operate and does not require any controller. As a result, the benefits associated with DC pumps, combined with their ease of control and operation, are expected to boost the segment's growth over the forecast period.

Global Solar Water Pumps Market- By Application

Based on application, the global solar water pumps market is segmented into agriculture, drinking water supply, residential, spa & pool, and others. The agriculture segment dominates the overall market.  This can be attributed to the rising government initiatives and expanding product portfolio by manufacturers to develop the most effective solar pumps for agriculture purposes. The Indian government is heavily encouraging the use of solar water pumps because half of all farmers lack access to modern irrigation solutions, and those who do primarily utilize electric and diesel pumps. In India, the government has implemented a budget system that requires farmers to pay only 10% of the cost of solar water pumps. The government is expected to introduce 28 Lac Pumps under the ‘KUSUM' (Kisan Urja Suraksha Evam Utthaan Mahaabhiaan) Scheme in order to popularize the use of solar energy among farmers. Hence, the factors like favorable government initiatives and expansion of product portfolio by manufacturers are driving the growth of the segment in the global solar water pumps market.

Global Solar Water Pumps Market- By Region

Based on region, the global solar water pumps market is segmented into North America, Europe, the Asia-Pacific, South America, and the Middle East & Africa. Out of these, the Asia-Pacific held the largest market share in the overall market in 2020. This can be attributed to favorable government schemes for the penetration and adoption of solar water pumps in the farm sector in countries like India, China, and others. For instance, Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) is an initiative initiated by the Indian government and led by MNRE. PM-KUSUM scheme helps the Indian farmers to install solar pumps and solar power plants in India. In KUSUM Yojana, a farmer has to bear only 40% (10% initial pay + 30% as loan) of the total costs. The rest of the 60% costs will be provided by the central government (30%) and state government (30%). If state government provides subsidy more than 30%, the beneficiary share will reduce accordingly.

Besides this, NABARD (National Bank for Agriculture and Rural Development)—an Indian bank offers subsidies for solar water pumps and solar power plants. If a farmer wishes to establish a solar power plant or solar water pumps, he or she will be responsible for 20% of the costs, while the bank will cover the remaining 80%. As a result, positive government initiatives to promote the adoption and penetration of solar water pumps in agricultural operations are expected to drive the worldwide solar water pumps market in the region.

Competitive Landscape

The global solar water pumps market is highly fragmented due to the presence of many local and international players. There is huge competition among the key vendors in the global solar pumps market. Apart from the key suppliers, several regional and local vendors have started manufacturing energy-efficient solar pumps, which are available at a lower price as compared to their international counterparts. Some of the key market players in the global solar water pumps market are Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Shakti Pumps (India) Ltd., C.R.I. Pumps Private Limited, Grundfos Holding A/S, Symtech Solar Group, Vincent Solar Energy, Lubi Electronics, Oswal Pumps, Aquasub Engineering, Novergy Energy Solutions Pvt. Ltd., Urja Global Limited, SunEdison Infrastructure Limited, and other prominent players.

Recent Developments

  • In May 2021, CREDA invited tender for the standardization of rates for survey, design, supply, installation, and commissioning of solar photovoltaic irrigation pumps with five years COMC, onsite warrantee & insurance for anywhere in the state of Chhattisgarh from the registered company with a manufacturing facility in India and system integrators for SPV Module/Pump set/Controller with 3 years track record in SPV irrigation pumping systems.

  • In December 2020: SunEdison’s wholly-owned subsidiary, SIL Rooftop Solar Power Private Limited (SIL), announced the acquisition of 100% fully paid-up equity share capital and voting rights of Sherisha Solar Private Limited in January 2020. With this acquisition, Sherisha Solar became a subsidiary of SunEdison.

Scope of Report

Attribute

                              Details

Years considered

Historical data- 2017-2020

Base Year- 2020

Forecast- 2021-2027

Facts covered

Revenue in USD Million

Market coverage

North America (U.S., Canada, and Mexico), Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe), the Asia-Pacific (China, India, Japan, Australia, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America) and the Middle-East & Africa (Saudi-Arabia, UAE, South Africa and Rest of the Middle-East and Africa)

Product/ Service segmentation

By Type, By Output Range, By Operation, By Application, and By Region

Key Players

Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Shakti Pumps (India) Ltd., C.R.I. Pumps Private Limited, Grundfos Holding A/S, Symtech Solar Group, Vincent Solar Energy, Lubi Electronics, Oswal Pumps, Aquasub Engineering, Novergy Energy Solutions Pvt. Ltd., Urja Global Limited, SunEdison Infrastructure Limited, and other Prominent Players.

 

By Type

 

  • Submersible Pump

  • Surface Pump

  • Others

By Output Range

  • Up to 1 HP

  • 1HP to 2 HP

  • 2HP to 5 HP

  • Above 5 HP

By Operation

  • AC Pumps

  • DC Pumps

By Application

  • Agriculture

  • Drinking Water Supply

  • Residential

  • Spa & Pool

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East and Africa

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Region

2.5. Assumption & Limitation

3.    Executive Summary

4.    Global Solar Water Pumps Market Insights

4.1. Industry Value Chain Analysis

4.2. DROC Analysis

4.2.1.   Growth Drivers

4.2.2.   Restraints

4.2.3.   Opportunities

4.2.4.   Challenges

4.3. Recent Development/Technological Advancements

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1.   Bargaining Application of Suppliers

4.5.2.   Bargaining Application of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Solar Water Pumps Market Overview

5.1. Market Size & Forecast by Value, 2017-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Type

5.2.1.1.       Submersible Pump

5.2.1.2.       Surface Pump

5.2.1.3.       Others

5.2.2.   By Output Range

5.2.2.1.       Up to 1 HP

5.2.2.2.       1HP to 2 HP

5.2.2.3.       2HP to 5 HP

5.2.2.4.       Above 5 HP

5.2.3.   By Operation

5.2.3.1.       AC Pumps

5.2.3.2.       DC Pumps

5.2.4.   By Application

5.2.4.1.       Agriculture

5.2.4.2.       Drinking Water Supply

5.2.4.3.       Residential

5.2.4.4.       Spa & Pool

5.2.4.5.       Others

5.2.5.   By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       the Asia-Pacific

5.2.5.4.       South America

5.2.5.5.       the Middle East and Africa

6.    North America Solar Water Pumps Market

6.1. Market Size & Forecast by Value, 2017-2027

6.1.1.   By Value (USD Million)

6.2. Market Share & Forecast

6.2.1.   By Type

6.2.2.   By Output Range

6.2.3.   By Operation

6.2.4.   By Application

6.2.5.   By Country

6.2.5.1.     U.S.

6.2.5.2.     Canada

6.2.5.3.     Mexico

7.    Europe Solar Water Pumps Market

7.1. Market Size & Forecast by Value, 2017-2027

7.1.1.   By Value (USD Million)

7.2. Market Share & Forecast

7.2.1.   By Type

7.2.2.   By Output Range

7.2.3.   By Operation

7.2.4.   By Application

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       United Kingdom

7.2.5.3.       Italy

7.2.5.4.       France

7.2.5.5.       Spain

7.2.5.6.       Rest of Europe

8.    the Asia-Pacific Solar Water Pumps Market

8.1. Market Size & Forecast by Value, 2017-2027

8.1.1.   By Value (USD Million)

8.2. Market Share & Forecast

8.2.1.   By Type

8.2.2.   By Output Range

8.2.3.   By Operation

8.2.4.   By Application

8.2.5.   By Country

8.2.5.1.     China

8.2.5.2.     India

8.2.5.3.     Japan

8.2.5.4.     Australia

8.2.5.5.     Rest of Asia Pacific

9.    South America Solar Water Pumps Market

9.1. Market Size & Forecast by Value, 2017-2027

9.1.1.   By Value (USD Million)

9.2. Market Share & Forecast

9.2.1.   By Type

9.2.2.   By Output Range

9.2.3.   By Operation

9.2.4.   By Application

9.2.5.   By Country

9.2.5.1.     Brazil

9.2.5.2.     Argentina

9.2.5.3.     Rest of South America

10. the Middle East & Africa Solar Water Pumps Market

10.1.     Market Size & Forecast by Value, 2017-2027

10.1.1.                By Value (USD Million)

10.2.     Market Share & Forecast

10.2.1.                By Type

10.2.2.                By Output Range

10.2.3.                By Operation

10.2.4.                By Application

10.2.5.                By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

10.2.5.4.    Rest of The Middle East & Africa

11.Competitive Landscape

11.1.   List of Key Players and Their Offerings

11.2.   Market Share Analysis, 2020

11.3.   Competitive Benchmarking, By Operating Parameters

11.4.   Leading Players in terms of number of developments

11.5.   Key Development & Growth Strategies

12.Impact of Covid-19 on Global Solar Water Pumps Industry

13.Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, SWOT Analysis, Contact Address, and Strategic Outlook)**

13.1.     Lorentz

13.2.     Tata Power Solar Systems Ltd.

13.3.     Bright Solar Limited

13.4.     Shakti Pumps (India) Ltd.

13.5.     C.R.I. Pumps Private Limited

13.6.     Grundfos Holding A/S

13.7.     Symtech Solar Group

13.8.     Vincent Solar Energy

13.9.     Lubi Electronics

13.10.  Oswal Pumps

13.11.  Aquasub Engineering

13.12.  Novergy Energy Solutions Pvt. Ltd.

13.13.  Urja Global Limited

13.14.  SunEdison Infrastructure Limited

14.Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

 

List of Figures

Fig: Global Solar Water Pumps Segmentation

 

Fig: Global Solar Water Pumps Market Value Chain Analysis

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Solar Water Pumps Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: Global Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Fig: Global Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Fig: Global Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Fig: Global Solar Water Pumps Market Share (%), By Region, By Value (USD Million), 2017-2027

 

Fig: North America Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Solar Water Pumps Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: North America Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Fig: North America Solar Water Pumps Market Share (%), By Operation, By Value (USD Million),

2017-2027

 

Fig: North America Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Fig: North America Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: Europe Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Solar Water Pumps Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: Europe Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

 

Fig: Europe Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Fig: Europe Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Fig: Europe Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Share (%), By Application, By Value

(USD Million), 2017-2027

 

Fig: the Asia-Pacific Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Fig: South America Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

 

Fig: the Middle-East & Africa Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

List of Tables

Table: Global Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: Global Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: Global Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Table: Global Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Table: Global Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: Global Solar Water Pumps Market Share (%), By Region, By Value (USD Million), 2017-2027

 

Table: North America Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: North America Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: North America Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Table: North America Solar Water Pumps Market Share (%), By Operation, By Value (USD Million),

2017-2027

 

Table: North America Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: North America Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Table: Europe Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: Europe Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: Europe Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

 

Table: Europe Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Table: Europe Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: Europe Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: South America Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Solar Water Pumps Market Size, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Solar Water Pumps Market Share (%), By Type (USD Million), 2017-2027

 

Table: the Middle-East & Africa Solar Water Pumps Market Share (%), By Output Range, By Value (USD Million), 2017-2027

 

 

Table: the Middle-East & Africa Solar Water Pumps Market Share (%), By Operation, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Solar Water Pumps Market Share (%), By Application, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Solar Water Pumps Market Share (%), By Country, By Value (USD Million), 2017-2027

 

 

Table: Lorentz Financial Analysis

Table: Lorentz Business Overview

Table: Tata Power Solar Systems Ltd. Financial Analysis

Table: Tata Power Solar Systems Ltd. Business Overview

Table: Bright Solar Limited Financial Analysis

Table: Bright Solar Limited Business Overview

Table: Shakti Pumps (India) Ltd. Financial Analysis

Table: Shakti Pumps (India) Ltd. Business Overview

Table: C.R.I. Pumps Private Limited Financial Analysis

Table: C.R.I. Pumps Private Limited Business Overview

Table: Grundfos Holding A/S Financial Analysis

Table: Grundfos Holding A/S Business Overview

Table: Symtech Solar Group Financial Analysis

Table: Symtech Solar Group Business Overview

Table: Vincent Solar Energy Financial Analysis

Table: Vincent Solar Energy Business Overview

Table: Lubi Electronics Financial Analysis

Table: Lubi Electronics Business Overview

Table: Oswal Pumps Financial Analysis

Table: Oswal Pumps Business Overview

Table: Aquasub Engineering Financial Analysis

Table: Aquasub Engineering Business Overview

Table: Novergy Energy Solutions Pvt. Ltd. Financial Analysis

Table: Novergy Energy Solutions Pvt. Ltd. Business Overview

Table: Urja Global Limited Financial Analysis

Table: Urja Global Limited Business Overview

Table: SunEdison Infrastructure Limited Financial Analysis

 

Table: SunEdison Infrastructure Limited Business Overview

Market Segmentation

By Type

        • Submersible Pump
        • Surface Pump
        • Others

By Output Range

        • Up to 1 HP
        • 1HP to 2 HP
        • 2HP to 5 HP
        • Above 5 HP

By Operation

        • AC Pumps
        • DC Pumps

By Application

        • Agriculture
        • Drinking Water Supply
        • Residential
        • Spa & Pool
        • Others

By Region

        • North America
        • Europe
        • the Asia-Pacific
        • South America

 

        • the Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global solar water pump market has reached USD 995 million in 2020.
Ans: The major factors propelling the growth of the global solar water pumps market is the rise in the use of solar water pumps in the agriculture sector, rapid urbanization, and favorable government schemes.
Ans: The key players in the global solar water pumps market include Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Shakti Pumps (India) Ltd., C.R.I. Pumps Private Limited, Grundfos Holding A/S, Symtech Solar Group, Vincent Solar Energy, Lubi Electronics, Oswal Pumps, Aquasub Engineering, Novergy Energy Solutions Pvt. Ltd., Urja Global Limited, SunEdison Infrastructure Limited, and Other Prominent Players.
Ans: 2HP to 5 HP accounted for the larger share in the global solar water pumps market.
Ans: The agriculture segment is dominating the global solar water pumps market.