Solar Pump Market to 2028 - Global Analysis and Forecasts by Product (Surface Suction, Submersible, Floating); Operation (AC Pump, DC Pump); Capacity (Below 4 HP, 4-6 HP, 6-8 HP, Above 8 HP); End-Use Industry (Agriculture, Water Management, Others) and Geography
Report Code: TIPRE00029391 | No. of Pages: 150 | Category: Energy and Power | Status: Upcoming
Solar pump are exceptional as these pumps the water through energy produced from sunlight. The solar pumps are most widely used in rural or undeveloped areas that have no access to electric grid infrastructure. There is a wide range of solar pumps for various operations. The use of solar water pumps is increasing in urban cities which is driving the demand for solar pumps. The energy efficiency and cost efficiency features increase the need for solar pumps in developed regions. Developing nations are providing potential opportunity for the growth of the solar pump market, as major adoption of solar pump has been witnessed in Asia-Pacific, particularly in China, India, and Japan. Thus, surge in agricultural activities and increase in demand for electricity from renewable source of generation are the key factors driving the market growth over the forecast period.
MARKET SCOPE
The "Global Solar Pump Market Analysis to 2028" is a specialized and in-depth study of the clean energy with a special focus on the global market trend analysis. The report aims to provide an overview of the solar pump market with detailed market segmentation by product, operation, capacity, end-use industry and geography. The report provides key statistics on the market status of the leading solar pump market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product the market is segmented into surface suction, submersible, and floating
- On the basis of operation, the market is segmented as AC pump and DC pump
- On the basis of capacity the market is segmented into Below 4 HP, 4-6 HP, 6-8 HP, and Above 8 HP
- On the basis of end-use industry the market is segmented into agriculture, water management, and others
Drivers
- Increasing investments supported by government subsidies in agricultural activities is driving the demand for solar pump
- Increasing adoption for clean energy is propelling the market growth
- Lack of awareness of solar pumps restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The solar pump market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar pump market in these regions.
IMPACT OF COVID-19 ON SOLAR PUMP MARKET
The emergence of the COVID-19 has severely impacted the solar pump market, which resulted decline in the sale of solar power units in the year 2020. The pandemic severely impacted the solar pump manufacturers in countries such as China and India owing to shortage of workforce, unavailiblity of raw material and disruption in supply chain which eventually hampered the market growth during the pandemic. However, from 2021, ease in restrictions and reopening of industries have increased the demand for solar pumps which further augmented the production which help drives the market growth. The key players engaged in providing the solar pumps are putting efforts by providing the sector with financial assistance, technical and operational support which is helping the market to flourish in coming years. In addition, developments in the solar pump is also aiding the market to grow at faster pace. For instance, In January 2022, Gautam Solar has launched new solar pump controllers and remote monitoring units for solar PV systems. Thus, such upcoming developments in the solar pump industry along with supportive government regulations for adopting the solar pump during the pandemic recovery period is driving the market outlook.
The report covers key developments in the solar pump market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the solar pump market are anticipated to provide lucrative growth opportunities in the future owing to growing investment in agricultural activities.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar pump market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Vincent Solar Energy
- Tata Power Solar Systems Ltd.
- LORENTZ
- SAMKING Solar Pump
- Lubi Electronics
- C.R.I. Pumps Private Limited
- Franklin Electric
- Glynncorp Electrical
- Aqua Group
- Oswal Pumps
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Pump Market - By Product
1.3.2 Solar Pump Market - By Operation
1.3.3 Solar Pump Market - By Capacity
1.3.4 Solar Pump Market - By End-Use Industry
1.3.5 Solar Pump Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PUMP MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR PUMP MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR PUMP MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PUMP - GLOBAL MARKET OVERVIEW
6.2. SOLAR PUMP - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLAR PUMP MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SURFACE SUCTION
7.3.1. Overview
7.3.2. Surface Suction Market Forecast and Analysis
7.4. SUBMERSIBLE
7.4.1. Overview
7.4.2. Submersible Market Forecast and Analysis
7.5. FLOATING
7.5.1. Overview
7.5.2. Floating Market Forecast and Analysis
8. SOLAR PUMP MARKET - REVENUE AND FORECASTS TO 2028 - OPERATION
8.1. OVERVIEW
8.2. OPERATION MARKET FORECASTS AND ANALYSIS
8.3. AC PUMP
8.3.1. Overview
8.3.2. AC Pump Market Forecast and Analysis
8.4. DC PUMP
8.4.1. Overview
8.4.2. DC Pump Market Forecast and Analysis
9. SOLAR PUMP MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
9.1. OVERVIEW
9.2. CAPACITY MARKET FORECASTS AND ANALYSIS
9.3. BELOW 4 HP
9.3.1. Overview
9.3.2. Below 4 HP Market Forecast and Analysis
9.4. 4-6 HP
9.4.1. Overview
9.4.2. 4-6 HP Market Forecast and Analysis
9.5. 6-8 HP
9.5.1. Overview
9.5.2. 6-8 HP Market Forecast and Analysis
9.6. ABOVE 8 HP
9.6.1. Overview
9.6.2. Above 8 HP Market Forecast and Analysis
10. SOLAR PUMP MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. AGRICULTURE
10.3.1. Overview
10.3.2. Agriculture Market Forecast and Analysis
10.4. WATER MANAGEMENT
10.4.1. Overview
10.4.2. Water Management Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. SOLAR PUMP MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Solar Pump Market Overview
11.1.2 North America Solar Pump Market Forecasts and Analysis
11.1.3 North America Solar Pump Market Forecasts and Analysis - By Product
11.1.4 North America Solar Pump Market Forecasts and Analysis - By Operation
11.1.5 North America Solar Pump Market Forecasts and Analysis - By Capacity
11.1.6 North America Solar Pump Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Solar Pump Market Forecasts and Analysis - By Countries
11.1.7.1 United States Solar Pump Market
11.1.7.1.1 United States Solar Pump Market by Product
11.1.7.1.2 United States Solar Pump Market by Operation
11.1.7.1.3 United States Solar Pump Market by Capacity
11.1.7.1.4 United States Solar Pump Market by End-Use Industry
11.1.7.2 Canada Solar Pump Market
11.1.7.2.1 Canada Solar Pump Market by Product
11.1.7.2.2 Canada Solar Pump Market by Operation
11.1.7.2.3 Canada Solar Pump Market by Capacity
11.1.7.2.4 Canada Solar Pump Market by End-Use Industry
11.1.7.3 Mexico Solar Pump Market
11.1.7.3.1 Mexico Solar Pump Market by Product
11.1.7.3.2 Mexico Solar Pump Market by Operation
11.1.7.3.3 Mexico Solar Pump Market by Capacity
11.1.7.3.4 Mexico Solar Pump Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Solar Pump Market Overview
11.2.2 Europe Solar Pump Market Forecasts and Analysis
11.2.3 Europe Solar Pump Market Forecasts and Analysis - By Product
11.2.4 Europe Solar Pump Market Forecasts and Analysis - By Operation
11.2.5 Europe Solar Pump Market Forecasts and Analysis - By Capacity
11.2.6 Europe Solar Pump Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Solar Pump Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Solar Pump Market
11.2.7.1.1 Germany Solar Pump Market by Product
11.2.7.1.2 Germany Solar Pump Market by Operation
11.2.7.1.3 Germany Solar Pump Market by Capacity
11.2.7.1.4 Germany Solar Pump Market by End-Use Industry
11.2.7.2 France Solar Pump Market
11.2.7.2.1 France Solar Pump Market by Product
11.2.7.2.2 France Solar Pump Market by Operation
11.2.7.2.3 France Solar Pump Market by Capacity
11.2.7.2.4 France Solar Pump Market by End-Use Industry
11.2.7.3 Italy Solar Pump Market
11.2.7.3.1 Italy Solar Pump Market by Product
11.2.7.3.2 Italy Solar Pump Market by Operation
11.2.7.3.3 Italy Solar Pump Market by Capacity
11.2.7.3.4 Italy Solar Pump Market by End-Use Industry
11.2.7.4 United Kingdom Solar Pump Market
11.2.7.4.1 United Kingdom Solar Pump Market by Product
11.2.7.4.2 United Kingdom Solar Pump Market by Operation
11.2.7.4.3 United Kingdom Solar Pump Market by Capacity
11.2.7.4.4 United Kingdom Solar Pump Market by End-Use Industry
11.2.7.5 Russia Solar Pump Market
11.2.7.5.1 Russia Solar Pump Market by Product
11.2.7.5.2 Russia Solar Pump Market by Operation
11.2.7.5.3 Russia Solar Pump Market by Capacity
11.2.7.5.4 Russia Solar Pump Market by End-Use Industry
11.2.7.6 Rest of Europe Solar Pump Market
11.2.7.6.1 Rest of Europe Solar Pump Market by Product
11.2.7.6.2 Rest of Europe Solar Pump Market by Operation
11.2.7.6.3 Rest of Europe Solar Pump Market by Capacity
11.2.7.6.4 Rest of Europe Solar Pump Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Solar Pump Market Overview
11.3.2 Asia-Pacific Solar Pump Market Forecasts and Analysis
11.3.3 Asia-Pacific Solar Pump Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Solar Pump Market Forecasts and Analysis - By Operation
11.3.5 Asia-Pacific Solar Pump Market Forecasts and Analysis - By Capacity
11.3.6 Asia-Pacific Solar Pump Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Solar Pump Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Solar Pump Market
11.3.7.1.1 Australia Solar Pump Market by Product
11.3.7.1.2 Australia Solar Pump Market by Operation
11.3.7.1.3 Australia Solar Pump Market by Capacity
11.3.7.1.4 Australia Solar Pump Market by End-Use Industry
11.3.7.2 China Solar Pump Market
11.3.7.2.1 China Solar Pump Market by Product
11.3.7.2.2 China Solar Pump Market by Operation
11.3.7.2.3 China Solar Pump Market by Capacity
11.3.7.2.4 China Solar Pump Market by End-Use Industry
11.3.7.3 India Solar Pump Market
11.3.7.3.1 India Solar Pump Market by Product
11.3.7.3.2 India Solar Pump Market by Operation
11.3.7.3.3 India Solar Pump Market by Capacity
11.3.7.3.4 India Solar Pump Market by End-Use Industry
11.3.7.4 Japan Solar Pump Market
11.3.7.4.1 Japan Solar Pump Market by Product
11.3.7.4.2 Japan Solar Pump Market by Operation
11.3.7.4.3 Japan Solar Pump Market by Capacity
11.3.7.4.4 Japan Solar Pump Market by End-Use Industry
11.3.7.5 South Korea Solar Pump Market
11.3.7.5.1 South Korea Solar Pump Market by Product
11.3.7.5.2 South Korea Solar Pump Market by Operation
11.3.7.5.3 South Korea Solar Pump Market by Capacity
11.3.7.5.4 South Korea Solar Pump Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Solar Pump Market
11.3.7.6.1 Rest of Asia-Pacific Solar Pump Market by Product
11.3.7.6.2 Rest of Asia-Pacific Solar Pump Market by Operation
11.3.7.6.3 Rest of Asia-Pacific Solar Pump Market by Capacity
11.3.7.6.4 Rest of Asia-Pacific Solar Pump Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Solar Pump Market Overview
11.4.2 Middle East and Africa Solar Pump Market Forecasts and Analysis
11.4.3 Middle East and Africa Solar Pump Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Solar Pump Market Forecasts and Analysis - By Operation
11.4.5 Middle East and Africa Solar Pump Market Forecasts and Analysis - By Capacity
11.4.6 Middle East and Africa Solar Pump Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Solar Pump Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Solar Pump Market
11.4.7.1.1 South Africa Solar Pump Market by Product
11.4.7.1.2 South Africa Solar Pump Market by Operation
11.4.7.1.3 South Africa Solar Pump Market by Capacity
11.4.7.1.4 South Africa Solar Pump Market by End-Use Industry
11.4.7.2 Saudi Arabia Solar Pump Market
11.4.7.2.1 Saudi Arabia Solar Pump Market by Product
11.4.7.2.2 Saudi Arabia Solar Pump Market by Operation
11.4.7.2.3 Saudi Arabia Solar Pump Market by Capacity
11.4.7.2.4 Saudi Arabia Solar Pump Market by End-Use Industry
11.4.7.3 U.A.E Solar Pump Market
11.4.7.3.1 U.A.E Solar Pump Market by Product
11.4.7.3.2 U.A.E Solar Pump Market by Operation
11.4.7.3.3 U.A.E Solar Pump Market by Capacity
11.4.7.3.4 U.A.E Solar Pump Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Solar Pump Market
11.4.7.4.1 Rest of Middle East and Africa Solar Pump Market by Product
11.4.7.4.2 Rest of Middle East and Africa Solar Pump Market by Operation
11.4.7.4.3 Rest of Middle East and Africa Solar Pump Market by Capacity
11.4.7.4.4 Rest of Middle East and Africa Solar Pump Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Solar Pump Market Overview
11.5.2 South and Central America Solar Pump Market Forecasts and Analysis
11.5.3 South and Central America Solar Pump Market Forecasts and Analysis - By Product
11.5.4 South and Central America Solar Pump Market Forecasts and Analysis - By Operation
11.5.5 South and Central America Solar Pump Market Forecasts and Analysis - By Capacity
11.5.6 South and Central America Solar Pump Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Solar Pump Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Solar Pump Market
11.5.7.1.1 Brazil Solar Pump Market by Product
11.5.7.1.2 Brazil Solar Pump Market by Operation
11.5.7.1.3 Brazil Solar Pump Market by Capacity
11.5.7.1.4 Brazil Solar Pump Market by End-Use Industry
11.5.7.2 Argentina Solar Pump Market
11.5.7.2.1 Argentina Solar Pump Market by Product
11.5.7.2.2 Argentina Solar Pump Market by Operation
11.5.7.2.3 Argentina Solar Pump Market by Capacity
11.5.7.2.4 Argentina Solar Pump Market by End-Use Industry
11.5.7.3 Rest of South and Central America Solar Pump Market
11.5.7.3.1 Rest of South and Central America Solar Pump Market by Product
11.5.7.3.2 Rest of South and Central America Solar Pump Market by Operation
11.5.7.3.3 Rest of South and Central America Solar Pump Market by Capacity
11.5.7.3.4 Rest of South and Central America Solar Pump Market by End-Use Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SOLAR PUMP MARKET, KEY COMPANY PROFILES
13.1. VINCENT SOLAR ENERGY
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. TATA POWER SOLAR SYSTEMS LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. LORENTZ
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SAMKING SOLAR PUMP
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LUBI ELECTRONICS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. C.R.I. PUMPS PRIVATE LIMITED
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. FRANKLIN ELECTRIC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. GLYNNCORP ELECTRICAL
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AQUA GROUP
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. OSWAL PUMPS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List Of Companies
- Vincent Solar Energy
- Tata Power Solar Systems Ltd.
- LORENTZ
- SAMKING Solar Pump
- Lubi Electronics
- C.R.I. Pumps Private Limited
- Franklin Electric
- Glynncorp Electrical
- Aqua Group
- Oswal Pumps
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