Market Overview:
The global solar power pump market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for energy-efficient pumps, growing awareness about renewable energy sources, and government initiatives and subsidies for solar power pumps. The global solar power pump market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into DC solar pumps and AC solar pumps. On the basis of application, the market is segmented into agriculture, drinking water supply & irrigation systems (municipal), commercial & industrial applications (including cooling towers), swimming pools/spas/fountains), and others (including livestock watering). The agricultural sector accounts for a major share of the global solar power pump market due to increasing demand for irrigation in developing countries. In terms of region, North America dominates the global solar power pump market followed by Europe and Asia Pacific.
Product Definition:
A solar power pump is a pump that uses energy from the sun to move water or other fluids. Solar power pumps are used to irrigate crops, supply water for livestock, and provide drinking and bathing water for people in rural areas.
DC Solar Pumps:
DC solar pumps are self-regulating devices that use the sun's energy to move water or other liquids. They are primarily used for irrigation purposes, although they can also be used for industrial and domestic applications. DC solar pumps have a number of advantages over conventional ones; they require no external power source, their working cycle is independent of water flow rate and temperature, there is no risk of overheating due to concentrated sunlight along with high efficiency in moving liquid assets from one place to another.
AC Solar Pumps:
AC solar pumps are used to transfer water or any fluid from one place to another using the power of the sun. It is a self-powered device that uses no fuel, electricity or batteries. The working principle of AC solar pump is based on evaporation and Condensation cycle technology which helps in moving liquid from one place to another with out any external mechanical force being applied.
The major advantage of using this device over conventional energy sources like wind.
Application Insights:
The others application segment includes industrial, municipal and commercial applications. The drinking water application is expected to be the fastest-growing segment over the forecast period owing to increasing demand for pumps across rural areas with limited access to electricity.
The agricultural sector was one of the prominent users of these devices as they are used for irrigation purposes in farms and ranches across North America and Europe. Solar PV irrigation pumps have several advantages including ease of use, no need for maintenance or repairs during winters as they do not require any kind of external source of energy supply such as diesel generators or AC adaptors along with them when connected to a remote location where there is no electricity connection available at all. This factor would increase their adoption rate among farmers globally thereby driving growth over the next few years.
Regional Analysis:
Asia Pacific regional solar power pump market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for the adoption of renewable energy sources. For instance, in India, The National Solar Mission was launched in 2010 which aims at installation of 20 GW capacity by 2022. This initiative is expected to drive demand for solar pumps across rural areas and agricultural fields.
Europe accounted for a major share in 2017 owing to high acceptance of eco-friendly technologies such as solar energy based power generation and water pumping among others. Moreover, presence of numerous manufacturers with years of experience will fuel growth over the next eight years.
Growth Factors:
- Increasing demand for solar energy due to global warming and climate change
- Government initiatives and subsidies for solar power projects
- Rising prices of conventional fuels such as oil, gas, and coal
- Rapid technological advancements in the field of solar energy
- Growing awareness about the benefits of using solar power
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Power Pump Market Research Report
By Type
DC Solar Pumps, AC Solar Pumps
By Application
Agriculture, Drinking Water, Others
By Companies
JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, CRI Group, Shakti Pumps, Bright Solar
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Solar Power Pump Market Report Segments:
The global Solar Power Pump market is segmented on the basis of:
Types
DC Solar Pumps, AC Solar 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
Highlights of The Solar Power Pump 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:
- DC Solar Pumps
- AC Solar 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 Solar Power Pump 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
- Channel & Customer Management
- 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?
A solar power pump is a device that uses the sun's energy to move water or other fluid substances. Solar power pumps can be used to create hydroelectricity, provide irrigation, and help move liquids or gases through pipelines.
Some of the key players operating in the solar power pump market are JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, CRI Group, Shakti Pumps, Bright Solar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Power Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Power Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Power Pump Market - Supply Chain
4.5. Global Solar Power Pump Market Forecast
4.5.1. Solar Power Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Power Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Power Pump Market Absolute $ Opportunity
5. Global Solar Power Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Power Pump Market Size and Volume Forecast by Type
5.3.1. DC Solar Pumps
5.3.2. AC Solar Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Power Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Power Pump Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Drinking Water
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Power Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Power Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Power Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Power Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Power Pump Demand Share Forecast, 2019-2026
9. North America Solar Power Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Power Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Power Pump Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Drinking Water
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Power Pump Market Size and Volume Forecast by Type
9.7.1. DC Solar Pumps
9.7.2. AC Solar Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Power Pump Demand Share Forecast, 2019-2026
10. Latin America Solar Power Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Power Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Power Pump Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Drinking Water
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Power Pump Market Size and Volume Forecast by Type
10.7.1. DC Solar Pumps
10.7.2. AC Solar Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Power Pump Demand Share Forecast, 2019-2026
11. Europe Solar Power Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Power Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Power Pump Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Drinking Water
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Power Pump Market Size and Volume Forecast by Type
11.7.1. DC Solar Pumps
11.7.2. AC Solar Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Power Pump Demand Share, 2019-2026
12. Asia Pacific Solar Power Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Power Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Power Pump Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Drinking Water
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Power Pump Market Size and Volume Forecast by Type
12.7.1. DC Solar Pumps
12.7.2. AC Solar Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Power Pump Demand Share, 2019-2026
13. Middle East & Africa Solar Power Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Power Pump Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Power Pump Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Drinking Water
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Power Pump Market Size and Volume Forecast by Type
13.7.1. DC Solar Pumps
13.7.2. AC Solar Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Power Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Power Pump Market: Market Share Analysis
14.2. Solar Power Pump Distributors and Customers
14.3. Solar Power Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. JNTech
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JISL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tata Power Solar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Grundfos
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lorentz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CRI Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shakti Pumps
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bright Solar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
