Solar Water Pump Market Research Report Forecast to 2032

List of Tables

Market Overview

The Solar water pumps market is projected to exhibit a CAGR of 6.98% during the review period.

The raising interest for elective energy sources, driven by the need to lessen reliance on petroleum products, has prompted huge development in the efficient power energy market. This development is effectively upheld by government drives, introducing a significant chance for financial backers in this arising area. The public authority's endeavors incorporate assessment help and motivations for the adoption of solar pumps and the installation of solar boards in private properties. The US Division of Energy (DOE) issues financing open doors for solar energy frameworks. The government solar tax reduction, otherwise called the speculation tax break (ITC), permits property holders to guarantee 30% of the expense of their solar energy framework as a sound representative for their bureaucratic duty bill. This credit is accessible to any U.S. mortgage holder, townhouse proprietor, or helpful lodging corporation part who claims a solar board framework. The US Branch of Energy gives subsidizing and tax breaks to the installation of solar energy frameworks, including solar water pumps.

The EU plans to build the portion of sustainable power in its energy blend, encouraging drives that help the adoption of solar water pumps. Government sponsorships assume a huge part in driving the adoption of solar water pumps, making them a more feasible and reasonable option for irrigation and water supply purposes. As state run administrations keep on supporting environmentally friendly power drives, solar water pumps are supposed to assume an undeniably significant part in feasible farming practices and provincial turn of events.

Market Segmentation

In terms of product type Submersible pump and Surface pump.

Based on Motor types, the Solar water pump market is bifurcated into AC and DC pumps.

Based on Power rating, the Solar water pump market has been categorized into Up to 5 HP, 5 HP - 10 HP, 10 HP - 20 HP and More than 20 HP.

Based on Motor types, the market has been divided into single and three phase. Based on application, the market has been classified into Agriculture, Water Treatment, and others.

Regional Insights

The world market is divided into the following regions: North America, Europe, Asia Pacific, South America, Middle East, and Africa. With a CAGR of 7.15%, North America stood out as the top and fastest-growing segment among them.

Nations like the U.S., China, India, U.K., Germany, and Australia have carried out different projects to urge the change to solar pumps. These projects incorporate provincial electrification drives, capital endowments, annual assessment discounts, low-interest funding, and different motivations. These impetuses are fundamentally decreasing the underlying expense obstructions of solar water pumps, making them a more alluring option for ranchers and rustic networks.

Major Players

Key Companies in the Solar Water Pump Market are Surya International, Shakti Pumps, LORENTZ, Crompton, Grundfos, Waaree Energies Ltd, Tata Power Solar, and Bright Solar Limited, and Dankoff Solar.

Product Code: MRFR/E&P/2663-CR

1 EXECUTIVE SUMMARY

1.1 KEY HIGHLIGHTS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING GOVERNMENT SUBSIDIES IN THE FORM OF FINANCIAL INCENTIVES
- 4.2.2 INCREASING SOLAR PUMPS IN THE AGRICULTURE SECTOR AND IMPROVING LIVELIHOOD
4.3 RESTRAINTS
- 4.3.1 HIGH COST AND LACK OF AWARENESS OF SOLAR WATER PUMPS HINDER MARKET GROWTH
4.4 OPPORTUNITY
- 4.4.1 INCREASING INVESTMENTS IN AGRICULTURE APPLICATIONS SPUR MARKET OPPORTUNITIES
4.5 MARKET TRENDS
- 4.5.1 ADVANCEMENTS IN SOLAR WATER PUMPING TECHNOLOGIES
4.6 IMPACT ANALYSIS OF COVID-19
- 4.6.1 IMPACT ON SUPPLY CHAIN OF SOLAR WATER PUMPS
- 4.6.2 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END USERS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
  - 5.1.1.1 RAW MATERIAL SUPPLIERS
  - 5.1.1.2 MANUFACTURERS
  - 5.1.1.3 DISTRIBUTION CHANNEL
  - 5.1.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL SOLAR WATER PUMPS MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
- 6.1.1 SUBMERSIBLE PUMP
- 6.1.2 SURFACE PUMP

7 GLOBAL SOLAR WATER PUMPS MARKET, BY MOTOR TYPE

7.1 INTRODUCTION
- 7.1.1 AC PUMPS
- 7.1.2 DC PUMP

8 GLOBAL SOLAR WATER PUMPS MARKET, BY POWER RATING

8.1 INTRODUCTION
- 8.1.1 UP TO HP 59
- 8.1.2HP - 10 HP 60
- 8.1.3 HP - 20 HP 61
- 8.1.4 MORE THAN HP 61

9 GLOBAL SOLAR WATER PUMPS MARKET, BY PHASE

9.1 INTRODUCTION
- 9.1.1 SINGLE
- 9.1.2 THREE

10 GLOBAL SOLAR WATER PUMPS MARKET, BY APPLICATION

10.1 INTRODUCTION
- 10.1.1 AGRICULTURE
- 10.1.2 WATER TREATMENT
- 10.1.3 OTHERS

11 GLOBAL SOLAR WATER PUMPS MARKET, BY REGION

11.1 OVERVIEW
11.2 NORTH AMERICA
- 11.2.1 US
- 11.2.2 CANADA
- 11.2.3 MEXICO
11.3 EUROPE
- 11.3.1 GERMANY
- 11.3.2 UK
- 11.3.3 FRANCE
- 11.3.4 RUSSIA
- 11.3.5 SPAIN
- 11.3.6 ITALY
- 11.3.7 NETHERLANDS
- 11.3.8 POLAND
- 11.3.9 DENMARK
- 11.3.10 REST OF EUROPE
11.4 ASIA PACIFIC
- 11.4.1 CHINA
- 11.4.2 JAPAN
- 11.4.3 INDIA
- 11.4.4 SOUTH KOREA
- 11.4.5 REST OF ASIA PACIFIC
11.5 SOUTH AMERICA
- 11.5.1 BRAZIL
- 11.5.2 ARGENTINA
- 11.5.3 REST OF LATIN AMERICA
11.6 MIDDLE EAST & AFRICA
- 11.6.1 SOUTH AFRICA
- 11.6.2 GCC COUNTRIES
- 11.6.3 TURKEY
- 11.6.4 REST OF THE MIDDLE EAST & AFRICA

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 COMPETITION DASHBOARD
- 12.2.1 PRODUCT PORTFOLIO
- 12.2.2 REGIONAL PRESENCE
- 12.2.3 STRATEGIC ALLIANCES
- 12.2.4 INDUSTRY EXPERIENCES
12.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS

13 COMPANY PROFILES

13.1 SHAKTI PUMPS
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGY
13.2 WAAREE ENERGIES LTD
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGY
13.3 LORENTZ
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 KEY STRATEGY
13.4 GRUNDFOS
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGY
13.5 FRANKLIN ELECTRIC CO INC
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGY
13.6 TATA POWER SOLAR
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGY
13.7 BRIGHT SOLAR LIMITED
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.7.5 KEY STRATEGY
13.8 SURYA INTERNATIONAL
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 KEY STRATEGY
13.9 DANKOFF SOLAR
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.9.5 KEY STRATEGY
13.10 CROMPTON
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGY
13.11 RELATED REPORTS