Market Overview:
The global agricultural solar pumps market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for irrigation and drinking water, rising awareness about the benefits of using solar pumps, and government initiatives towards promoting renewable energy. The submersible pumps segment is expected to dominate the global agricultural solar pumps market in terms of revenue share during the forecast period. This can be attributed to their high efficiency and low maintenance requirements. However, surface pumps are anticipated to grow at a higher CAGR than submersible pumps during the forecast period as they are more affordable and easier to install than submersible pumps. Irrigation is currently the largest application segment for agricultural solar PV systems, followed by drinking water applications. However, with increasing awareness about the benefits of using these systems for other applications such as livestock watering, crop drying etc.
Product Definition:
Agricultural solar pumps are pumps that run on solar power. They are used to irrigate crops and water livestock. The importance of agricultural solar pumps is that they provide a renewable source of energy for farmers, which helps to reduce their dependence on fossil fuels.
Submersible Pumps:
Submersible pumps are used to move water or any fluid at a lower depth. They are mainly used in the agricultural sector for irrigation purposes. The prime function of these pumps is to remove water from one place and transfer it to another via a pipeline system. These devices can also be used for lifting fluids under pressure, typically found in oil rigs or offshore oil fields where other types of equipment cannot be employed due to the high pressure levels involved.
Surface Pumps:
Surface pumps are used to move liquids or slurries in agricultural solar pumps. It is a mechanical device that works on the principle of vacuum and uses moving parts to transfer liquid from one place to another without any physical connection between them. The working principle of surface pump is based on suction and discharge, as the name suggests it’s used for pumping surface water or slurry which may be found at a certain depth in soil.
Application Insights:
The irrigation segment dominated the global agricultural solar pumps market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand for water-efficient products and technological developments that help farmers manage water resources more efficiently. Moreover, governments are taking initiatives to encourage adoption of energy-efficient technologies in order to reduce electricity consumption and thereby increase renewable energy generation capacity without having an impact on production levels.
Drinking water application is expected to witness significant growth over the forecast period owing to rising awareness among consumers regarding access to safe drinking water supplies at reasonable costs coupled with favorable government regulations concerning source Water Treatment Equipment (WTE). In addition, growing urbanization along with a growing population is anticipated drive demand for drinking water applications globally during the forecast period.
Regional Analysis:
Asia Pacific dominated the global agricultural solar pumps market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of irrigation projects, which are using solar pumps for water supply. In addition, increasing investments in developing countries such as China and India are likely to boost demand for these pumps over the next eight years.
The European market is anticipated to witness significant growth during the forecast period owing to rising government initiatives favoring renewable energy sources for electricity generation coupled with growing awareness regarding climate change and greenhouse gas emissions caused by fossil fuel-based power plants. This factor is projected to propel demand for solar energy-based power generation systems across Europe, thereby driving demand for agricultural solar pumps as well.
Growth Factors:
- Increasing demand for food due to population growth
- Government policies and subsidies for solar pumps
- Rising awareness about the benefits of solar pumps among farmers
- Technological advancements in agricultural solar pumps market
- Growing demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Solar Pumps Market Research Report
By Type
Submersible Pumps, Surface Pumps
By Application
Irrigation, Drinking Water, Others
By Companies
Lorentz, CRI Group, Shakti Solar Pumping System, Strategic Initiatives, SunEdison, Solar Power & Pump Co., LLC, Rainbow Power Co., Ltd, Wenling Jintai Pump Factory, American West Windmill & Solar Company, Bright Solar Water Pumps, USL, Grundfos
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Solar Pumps Market Report Segments:
The global Agricultural Solar Pumps market is segmented on the basis of:
Types
Submersible Pumps, Surface Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Irrigation, Drinking Water, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lorentz
- CRI Group
- Shakti Solar Pumping System
- Strategic Initiatives
- SunEdison
- Solar Power & Pump Co., LLC
- Rainbow Power Co., Ltd
- Wenling Jintai Pump Factory
- American West Windmill & Solar Company
- Bright Solar Water Pumps
- USL
- Grundfos
Highlights of The Agricultural Solar Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Submersible Pumps
- Surface Pumps
- By Application:
- Irrigation
- Drinking Water
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agricultural Solar Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agricultural solar pumps are devices that use the power of the sun to move water or other liquids or solids. They can be used in a variety of settings, including farms, ranches, and gardens. Solar pumps are often small and lightweight, making them easy to transport and install.
Some of the key players operating in the agricultural solar pumps market are Lorentz, CRI Group, Shakti Solar Pumping System, Strategic Initiatives, SunEdison, Solar Power & Pump Co., LLC, Rainbow Power Co., Ltd, Wenling Jintai Pump Factory, American West Windmill & Solar Company, Bright Solar Water Pumps, USL, Grundfos.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agricultural Solar Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agricultural Solar Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agricultural Solar Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agricultural Solar Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agricultural Solar Pumps Market Size & Forecast, 2020-2028
4.5.1 Agricultural Solar Pumps Market Size and Y-o-Y Growth
4.5.2 Agricultural Solar Pumps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Submersible Pumps
5.2.2 Surface Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Irrigation
6.2.2 Drinking Water
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agricultural Solar Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agricultural Solar Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Submersible Pumps
9.6.2 Surface Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Irrigation
9.10.2 Drinking Water
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Submersible Pumps
10.6.2 Surface Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Irrigation
10.10.2 Drinking Water
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Submersible Pumps
11.6.2 Surface Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Irrigation
11.10.2 Drinking Water
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Submersible Pumps
12.6.2 Surface Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Irrigation
12.10.2 Drinking Water
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Submersible Pumps
13.6.2 Surface Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Irrigation
13.10.2 Drinking Water
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agricultural Solar Pumps Market: Competitive Dashboard
14.2 Global Agricultural Solar Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lorentz
14.3.2 CRI Group
14.3.3 Shakti Solar Pumping System
14.3.4 Strategic Initiatives
14.3.5 SunEdison
14.3.6 Solar Power & Pump Co., LLC
14.3.7 Rainbow Power Co., Ltd
14.3.8 Wenling Jintai Pump Factory
14.3.9 American West Windmill & Solar Company
14.3.10 Bright Solar Water Pumps
14.3.11 USL
14.3.12 Grundfos
