Market Overview:
The global photovoltaic (PV) submersible and surface pumps market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly solutions across the globe. In addition, the growing awareness about renewable energy sources is also contributing to the growth of this market. The global PV submersible pumps market is segmented on the basis of type into submersible and surface pumps. The submersible pump segment is expected to dominate the global PV subsurface pump market duringthe forecast period owingto its high efficiencyand low maintenance requirements.
Product Definition:
Photovoltaic (PV) Submersible and Surface Pumps are devices that use solar energy to pump water. PV Submersible pumps are used to pump water from a well, while PV surface pumps can be used to irrigate crops or provide drinking water in rural areas. The importance of photovoltaic (PV) submersible and surface pumps is that they allow people in rural areas to access clean drinking water and irrigation without having to rely on traditional sources of energy like diesel or petrol.
Submersible:
Submersible pumps are used to move liquid or fluid-based media in a controlled manner. They can be used for various applications such as water supply, wastewater treatment, natural gas transfer and petroleum refining among others. The growth factor that propels the market includes increasing demand from end-use industries such as chemical processing, food & beverage processing and pharmaceuticals among others.
Surface Pumps:
The surface pumps are used to move water or fluids at the earth's surface and in doing so, they help in maintaining the desired level of fill material. They are mainly used for submersible systems but can also be used with other equipment such as solar panels. The PV system uses a combination of solar panels, batteries and other electrical components that create an energy source during the day which is stored in a battery for use at night or when it is cloudy.
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 growing need for clean and sustainable energy resources across various industries.
Agriculture was the largest application segment in 2017 with a market share of more than 80%. The growth can be attributed to increasing government support for farmers adopting renewable energy sources such as solar PV and wind turbines. Submersible pumps are used extensively in agriculture applications as they provide high flow rates with low power consumption which makes them ideal solution when it comes to water irrigation purposes.
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 generate a significant amount of electricity. Countries such as China and Japan are among the largest consumers of PV pumps across the globe owing to their large agricultural sectors.
North America accounted for over 20% share in 2017, owing to growing demand from agriculture sector for submersible PV pumps that can operate underwater continuously without any need for maintenance or replacement parts on land. North America also has one of the largest freshwater aquaculture industries worldwide with countries such as Chile and Canada being major contributors globally.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization
- Government initiatives and subsidies for installation of PV pumps
- Rising awareness about the benefits of using PV pumps over traditional pumps
- Technological advancements in PV pump design and manufacturing
- Growing demand from rural areas for irrigation and drinking water
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic (PV) Submersible and Surface Pumps 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic (PV) Submersible and Surface Pumps Market Report Segments:
The global Photovoltaic (PV) Submersible and Surface Pumps 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) Submersible and Surface 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
- 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) Submersible and Surface 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
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- Consumer Insights
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- Product & Brand Management
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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?
Photovoltaic (PV) submersible pumps are used to move water or other liquids and slurries in open or closed systems. PV surface pumps are used to move water, slurry, gas, oil and other fluids in open systems.
Some of the major players in the photovoltaic (pv) submersible and surface pumps 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.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic (PV) Submersible and Surface 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 Photovoltaic (PV) Submersible and Surface Pumps Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photovoltaic (PV) Submersible and Surface 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 Photovoltaic (PV) Submersible and Surface 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 Photovoltaic (PV) Submersible and Surface Pumps Market Size & Forecast, 2020-2028 4.5.1 Photovoltaic (PV) Submersible and Surface Pumps Market Size and Y-o-Y Growth 4.5.2 Photovoltaic (PV) Submersible and Surface 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
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) Submersible and Surface 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 Photovoltaic (PV) Submersible and Surface 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
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) Submersible and Surface Pumps Market: Competitive Dashboard
14.2 Global Photovoltaic (PV) Submersible and Surface Pumps 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