Solar Water Pump Systems Market, By Product Type, By Power Rating, By Design Type, By Application, By Geography

Description

Global solar water pump systems market size is expected to reach US$ 4.52 billion by 2030, from US$ 1.92 billion in 2023, at a CAGR of 13% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 1.92 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	13.00%	2030 Value Projection:	US$ 4.52 Bn

Figure 1. Global Solar Water Pump Systems Market Share (%), By Region, 2023

Solar water pump systems are becoming increasingly popular due to their numerous benefits and advantages. These systems harness the power of the sun to pump water for various applications including agricultural irrigation, livestock watering, and domestic water supply.

The use of solar energy eliminates the need for expensive and environmentally damaging fossil fuels, making solar water pump systems a sustainable and eco-friendly solution. Solar pumps also offer a reliable and cost-effective alternative to conventional pumps, especially in remote off-grid areas where access to electricity is limited or unreliable.

Market Dynamics:

Global solar water pump systems market growth is driven by several factors like rising global demand for alternative energy sources and increasing awareness of the environmental impact of conventional pumping systems that boosts adoption of solar water pumps. Governments and organizations worldwide are implementing favorable policies and providing subsidies to encourage the use of solar energy, further, propelling the market growth.

However, there are also certain restraints that can hinder the growth of the market. The initial investment cost of solar water pump systems can be high, which may deter potential buyers, particularly in low-income regions. The performance and efficiency of solar pumps can be affected by factors such as weather conditions, seasonal variations, and the availability of sunlight, which may limit their applicability in certain regions.

Despite these challenges, the market presents significant opportunities for growth. Advancements in technology, such as the development of more efficient solar panels and pump controllers, are improving the performance and reliability of solar water pump systems. The increasing focus on sustainable agriculture and water conservation also creates a favorable environment for the adoption of solar pumps.

Key features of the study:

This report provides in-depth analysis of the global solar water pump systems market, including market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
The report elucidates potential revenue opportunities across different market segments and explains attractive investment proposition matrices for this market
It provides key insights about market drivers, restraints, opportunities, new product launches, market trends, regional outlook, and competitive strategies adopted by key players
Key players in the global solar water pump systems market are profiled based on company highlights, product portfolios, key highlights, financial performance, and strategies
Companies covered in this study include Grundfos, Lorentz, Shakti Pumps, CRI Pumps, Tata Power Solar, Bright Solar, USL, Lubi Electronics, Solar Power & Pump Co, JNTech, JISL, ADA, Hanergy, Dankoff Solar, Greenmax Technology, Rainbow Power Co, SunEdison, Solartech, and Megha Engineering
Insights from this report would enable marketers and management authorities to make informed decisions regarding product launches, upgrades, market expansion, and marketing tactics
Global solar water pump systems market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders can rely on the various strategy matrices used in this report to ease decision-making processes in analyzing the global solar water pump systems market

Detailed Segmentation

By Product Type
- Submersible
- Surface
- Floating
- Others
By Power Rating
- Up to 3HP
- 3 to 10HP
- Above 10HP
By Design Type
- AC Pump
- DC Pump
- Submersible Pump
- Fountain Pump
- Others
By Application
- Agriculture
- Drinking Water
- Municipal Engineering
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top companies in Global Solar Water Pump Systems Market
- Grundfos
- Lorentz
- Shakti Pumps
- CRI Pumps
- Tata Power Solar
- Bright Solar
- USL
- Lubi Electronics
- Solar Power & Pump Co
- JNTech
- JISL
- ADA
- Hanergy
- Dankoff Solar
- Greenmax Technology
- Rainbow Power Co
- SunEdison
- Solartech
- Megha Engineering

Product Code: CMI6501

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Power Rating
- Market Snippet, By Design Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Increasing population and rapid urbanization leading to higher water demand
- Restraints
- High upfront costs and availability of limited financing
- Opportunities
- Off-grid solar water pumping solutions for remote and rural areas
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Solar Water Pump Systems Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Solar Water Pump Systems Market, By Product Type, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Submersible
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Surface
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Floating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

6. Global Solar Water Pump Systems Market, By Power Rating, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Up to 3HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
3 to 10HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Above 10HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

7. Global Solar Water Pump Systems Market, By Design Type, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
AC Pump
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
DC Pump
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Submersible Pump
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Fountain Pump
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

8. Global Solar Water Pump Systems Market, By Application, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Drinking Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Municipal Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

9. Global Solar Water Pump Systems Market, By Region, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Design Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Design Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Design Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Design Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Design Type, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

10. Competitive Landscape

Grundfos
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Lorentz
Shakti Pumps
CRI Pumps
Tata Power Solar
Bright Solar
USL
Lubi Electronics
Solar Power & Pump Co
JNTech
JISL
ADA
Hanergy
Dankoff Solar
Greenmax Technology
Rainbow Power Co
SunEdison
Solartech
Megha Engineering
Analyst Views

11. Section

Research Methodology
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