Market Overview:
The global photovoltaic (PV) pumping systems for irrigation market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for food owing to the growing population and rising income levels, and the need for reliable and efficient irrigation systems. In addition, government initiatives towards promoting renewable energy sources are also contributing to the growth of the PV pumping systems for irrigation market. The submersible pumps segment is expected to dominate the global PV pumping systems for irrigation market in terms of revenue during 2018-2030. This segment is anticipated to grow at a CAGR of 11% during 2018-2030 owing to its advantages such as high efficiency, low maintenance cost, and easy installation.
Product Definition:
A photovoltaic pumping system uses solar panels to convert sunlight into electrical energy. The electrical energy is used to power a pump, which moves water from a lower elevation to a higher elevation. Photovoltaic pumping systems are often used for irrigation, but can also be used for other purposes such as supplying water to homes or businesses.
Submersible:
Submersible pumps are used in the photovoltaic (PV) pumping systems for irrigation market to remove water from a solar panel installation and transfer it to an underground aquifer. The submersible pump is a closed system, which means there are no moving parts that can wear out or break down over time. It also helps in saving energy as compared to open system counterparts since there is no need for external energy source or motor.
Surface Pumps:
Surface Pumps are used to move water or a fluid from one place to another by using the difference in pressure. It is mainly used for irrigation purposes, but it can also be used for other applications like fire suppression, waste removal and mining. The PV Pumping System uses solar energy which helps in moving water or a fluid at low cost with no harmful emissions.
Application Insights:
The others application segment includes air conditioning, desalination, and industrial applications. The demand for the product in this segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to the increasing need for electricity generation across developing countries including China, India and Brazil. In addition, factors such as government support for promoting solar-based energy systems are likely to propel market growth over the forecast period.
The agriculture application accounted for more than 50% of total market share in 2017 due to rising awareness among farmers regarding cost-effectiveness.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar farms, which require continuous maintenance and cleaning of water for agricultural use. This necessitates the need for efficient PV pumping systems for irrigation purposes. China accounted for more than 50% of total installations in Asia Pacific owing to high demand from residential as well as commercial sectors.
North America is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding environmental protection along with growing focus on renewable energy generation sources such as photovoltaic pumps, which are cost-effective and environmentally friendly compared to other conventional energy resources such as wind or thermal power plants. U.S., being one of the major countries having abundant availability of land area suitable for building solar farms, dominates this regional market with more than 80% share due to high demand from end-users including residential sector, restaurants/bars/hotels etc.
Growth Factors:
- Increasing demand for food due to population growth
- Government policies and regulations supporting renewable energy sources
- Rising cost of traditional power sources
- Technological advancements in PV pumping systems
- Growing awareness about the benefits of PV pumping systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic (PV) Pumping Systems for Irrigation Market Research Report
By Type
Submersible, Surface Pumps
By Application
Agriculture, Drinking Water, Others
By Companies
JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, CRI Group, Shakti Pumps, Bright Solar, ADA, Hanergy, Symtech Solar, Dankoff Solar, Solar Power & Pump, MNE, Greenmax Tech
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic (PV) Pumping Systems for Irrigation Market Report Segments:
The global Photovoltaic (PV) Pumping Systems for Irrigation market is segmented on the basis of:
Types
Submersible, 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
Agriculture, 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:
- JNTech
- JISL
- Tata Power Solar
- Grundfos
- Lorentz
- CRI Group
- Shakti Pumps
- Bright Solar
- ADA
- Hanergy
- Symtech Solar
- Dankoff Solar
- Solar Power & Pump
- MNE
- Greenmax Tech
Highlights of The Photovoltaic (PV) Pumping Systems for Irrigation 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
- Surface Pumps
- By Application:
- Agriculture
- 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 Photovoltaic (PV) Pumping Systems for Irrigation 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.
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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?
A photovoltaic pumping system for irrigation is a type of renewable energy system that uses solar power to pump water from an aquifer or other source. The systems use panels or mirrors to concentrate sunlight on a small area, which then heats the water and turns it into vapor. This vapor is then drawn up through the system's pipes and distributed to crops or other areas where it can be used for irrigation.
Some of the major companies in the photovoltaic (pv) pumping systems for irrigation market are JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, CRI Group, Shakti Pumps, Bright Solar, ADA, Hanergy, Symtech Solar, Dankoff Solar, Solar Power & Pump, MNE, Greenmax Tech.
The photovoltaic (pv) pumping systems for irrigation market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic (PV) Pumping Systems for Irrigation 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 Photovoltaic (PV) Pumping Systems for Irrigation Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photovoltaic (PV) Pumping Systems for Irrigation 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 Photovoltaic (PV) Pumping Systems for Irrigation 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 Photovoltaic (PV) Pumping Systems for Irrigation Market Size & Forecast, 2020-2028 4.5.1 Photovoltaic (PV) Pumping Systems for Irrigation Market Size and Y-o-Y Growth 4.5.2 Photovoltaic (PV) Pumping Systems for Irrigation 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
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 Agriculture
6.2.2 Drinking Water
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic (PV) Pumping Systems for Irrigation 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 Photovoltaic (PV) Pumping Systems for Irrigation 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
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 Agriculture
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
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 Agriculture
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
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 Agriculture
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
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 Agriculture
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
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 Agriculture
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 Photovoltaic (PV) Pumping Systems for Irrigation Market: Competitive Dashboard
14.2 Global Photovoltaic (PV) Pumping Systems for Irrigation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JNTech
14.3.2 JISL
14.3.3 Tata Power Solar
14.3.4 Grundfos
14.3.5 Lorentz
14.3.6 CRI Group
14.3.7 Shakti Pumps
14.3.8 Bright Solar
14.3.9 ADA
14.3.10 Hanergy
14.3.11 Symtech Solar
14.3.12 Dankoff Solar
14.3.13 Solar Power & Pump
14.3.14 MNE
14.3.15 Greenmax Tech