Market Overview:
The global solar-powered water 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 solar-powered water pumps across various applications such as agricultural irrigation, drinking water, and other applications. In addition, the growing awareness about the benefits of using solar-powered water pumps is also contributing to the growth of this market. The global solar-powered water pumps market can be segmented on the basis of type into direct current (DC) pumps and alternate current (AC) pumps. The direct current (DC) pump segment is expected to hold a major share in this market owing to its advantages such as low power consumption and easy installation. On the basis of application, the agricultural irrigation segment is projected to hold a major share in this market during the forecast period owing to rising demand for food security across various regions worldwide.
Product Definition:
A solar-powered water pump uses energy from the sun to move water from a lower to higher elevation. Solar-powered water pumps are used to provide irrigation for crops, livestock and gardens, and drinking and sanitation water for people and animals in rural areas that do not have access to electricity.
Direct Current (DC) Pumps:
DC pumps are used to move liquids in the absence of a mechanical device. The prime function of DC pump is to transfer electrical energy from one point to another through the liquid without any external assistance. It works on two basic principles, namely; moving electric charge and creating a vacuum between two electrodes which causes fluid movement.
It’s working principle is similar as that of reciprocating engines i.e.
Alternate Current (AC) Pumps:
Solar-powered water pumps are used to move fluid in the absence of direct sunlight. These devices use an alternate current (AC) for power which can be obtained from a solar panel, battery or from the grid. The AC pump is driven by an impeller which is mounted on a moving body such as a rotor or turbine and uses the momentum of this movement to generate energy that then drives another mechanism to do work.
Application Insights:
Agricultural irrigation was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. Growing demand for pumps with higher efficiency across farms to meet rising water needs while reducing costs is expected to be a key factor driving solar-powered water pumps market over the next eight years.
The other application segment includes residential, industrial, and drinking water applications. Increasing urbanization along with population growth has led to an increased need for fresh drinking water sources in many developing countries including India, China, Bangladesh etc., which is likely to propel solar-poweredwater pump sales over the forecast period. In addition, growing investments by foreign players particularly from Latin America are projectedto boost regional product development trends over the coming years as these companies focus on renewable energy generation solutions as part of their corporate social responsibility initiatives.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for using solar-powered pumps in rural areas. For instance, The Government of India has provided financial assistance for installation of these pumps in the rural areas. In addition, rising awareness regarding environment protection and growing population are expected to drive demand over the next eight years.
Europe accounted for a share of more than 20% in 2017 owing to high adoption rate and favorable government policies across countries such as Germany, Italy, France and U.K., which have considerably contributed towards industry growth from 2016 to 2017. Moreover, presence of key players such as SMA Solar Technology AG & Co.
Growth Factors:
- Increasing demand for solar-powered water pumps from the agricultural sector due to the rising need for irrigation and efficient water management.
- Growing popularity of solar energy as an alternative to traditional sources of energy, which is expected to boost the uptake of solar-powered water pumps across various end-use industries.
- Proliferation of microgrids and distributed generation systems that are powered by renewable sources, such as solar PV, is anticipated to create new opportunities for the growth of the global solar-powered water pump market in near future.
- Favorable government policies and initiatives towards promotion of renewable energy technologies are likely to spur demand for solar-powered water pumps in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar-Powered Water Pumps Market Research Report
By Type
Direct Current (DC) Pumps, Alternate Current (AC) Pumps
By Application
Agricultural Irrigation, Drinking Water, Other
By Companies
JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, Shakti Pumps, CRI Group, ADA, Hanergy, Symtech Solar, Dankoff Solar, Solar Power & Pump, MNE, Greenmax Technology
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Solar-Powered Water Pumps Market Report Segments:
The global Solar-Powered Water Pumps market is segmented on the basis of:
Types
Direct Current (DC) Pumps, Alternate Current (AC) 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
Agricultural Irrigation, Drinking Water, Other
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
- Shakti Pumps
- CRI Group
- ADA
- Hanergy
- Symtech Solar
- Dankoff Solar
- Solar Power & Pump
- MNE
- Greenmax Technology
Highlights of The Solar-Powered Water 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:
- Direct Current (DC) Pumps
- Alternate Current (AC) Pumps
- By Application:
- Agricultural Irrigation
- Drinking Water
- Other
- 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-Powered Water 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?
Solar-powered water pumps are a type of renewable energy technology that uses the power of the sun to pump water. Solar-powered pumps can be used in places where there is no access to an electrical grid, such as rural areas or remote villages. They are also useful for pumping water during emergencies or natural disasters.
Some of the key players operating in the solar-powered water pumps market are JNTech, JISL, Tata Power Solar, Grundfos, Lorentz, Shakti Pumps, CRI Group, ADA, Hanergy, Symtech Solar, Dankoff Solar, Solar Power & Pump, MNE, Greenmax Technology.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar-Powered Water Pumps 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-Powered Water Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar-Powered Water Pumps Market - Supply Chain
4.5. Global Solar-Powered Water Pumps Market Forecast
4.5.1. Solar-Powered Water Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar-Powered Water Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar-Powered Water Pumps Market Absolute $ Opportunity
5. Global Solar-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Type
5.3.1. Direct Current (DC) Pumps
5.3.2. Alternate Current (AC) Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
6.3.1. Agricultural Irrigation
6.3.2. Drinking Water
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Demand Share Forecast, 2019-2026
9. North America Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
9.4.1. Agricultural Irrigation
9.4.2. Drinking Water
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar-Powered Water Pumps Market Size and Volume Forecast by Type
9.7.1. Direct Current (DC) Pumps
9.7.2. Alternate Current (AC) 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-Powered Water Pumps Demand Share Forecast, 2019-2026
10. Latin America Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
10.4.1. Agricultural Irrigation
10.4.2. Drinking Water
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar-Powered Water Pumps Market Size and Volume Forecast by Type
10.7.1. Direct Current (DC) Pumps
10.7.2. Alternate Current (AC) 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-Powered Water Pumps Demand Share Forecast, 2019-2026
11. Europe Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
11.4.1. Agricultural Irrigation
11.4.2. Drinking Water
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar-Powered Water Pumps Market Size and Volume Forecast by Type
11.7.1. Direct Current (DC) Pumps
11.7.2. Alternate Current (AC) 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-Powered Water Pumps Demand Share, 2019-2026
12. Asia Pacific Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
12.4.1. Agricultural Irrigation
12.4.2. Drinking Water
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar-Powered Water Pumps Market Size and Volume Forecast by Type
12.7.1. Direct Current (DC) Pumps
12.7.2. Alternate Current (AC) 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-Powered Water Pumps Demand Share, 2019-2026
13. Middle East & Africa Solar-Powered Water Pumps 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-Powered Water Pumps 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-Powered Water Pumps Market Size and Volume Forecast by Application
13.4.1. Agricultural Irrigation
13.4.2. Drinking Water
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar-Powered Water Pumps Market Size and Volume Forecast by Type
13.7.1. Direct Current (DC) Pumps
13.7.2. Alternate Current (AC) 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-Powered Water Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar-Powered Water Pumps Market: Market Share Analysis
14.2. Solar-Powered Water Pumps Distributors and Customers
14.3. Solar-Powered Water Pumps 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. Shakti Pumps
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CRI Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ADA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hanergy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Symtech Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dankoff Solar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Solar Power & Pump
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MNE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Greenmax Technology
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
