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Global Solar Water Pumps Market: By Type: Surface Pump, Submersible Pump, Floating Pump; By Current: AC Pumps, DC Pumps; By Application: Agriculture, Drinking Water, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Solar Water Pumps Market Outlook

The global solar water pumps market is supported by the growth of the solar pumps market, which attained a value of USD 1.19 billion in 2020. The solar pumps market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 10.5% to reach USD 2.17 billion by 2026.

 

Global Solar Water Pumps Market

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The Asia Pacific is the leading regional market for solar water pumps. India, China, Bangladesh, Japan, and Indonesia are the significant markets within the region. The industry in the Asia Pacific is expected to be driven by the rising agricultural activities in the region combined with the lack of access to grid electricity in agricultural lands. The Middle East and Africa is also expected to be a significant market in the region due to the high penetration of sunlight and investments by the governments in the region, encouraging the use of solar water pumps for irrigation.

 

Properties and Applications

Solar water pumps are water pumps that run on electricity generated either by the thermal energy generated by the collected sunlight or via photovoltaic panels rather than being run on diesel or grid electricity.

 

Global Solar Water Pumps Market By Application

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Based on types, the industry can be divided into:

  • Surface Pump
  • Submersible Pump
  • Screw Pump
  • Centrifugal Pump
  • Floating Pump

By current, the industry can be bifurcated into:

  • AC Pumps
  • DC Pumps

The solar water pumps market can be broadly categorised based on its applications segments into:

  • Agriculture 
  • Drinking Water
  • Others

The EMR report looks into the regional markets of solar water pumps like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.

 

Global Solar Water Pumps Market By Region

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Market Analysis

The rising adoption of solar water pumps in areas lacking access to grid electricity is driving the solar water pumps market forward. Favourable government incentives for the implementation of solar water pumps combined with stringent government regulations against carbon emissions are expected to propel the industry growth in the forecast period. The efficiency and cost-effectiveness of the pumps are expected to propel the industry growth further.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global solar water pumps market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Lorentz
  • Tata Power Solar Systems Ltd.
  • Bright Solar Limited 
  • Rainbow Power Co., Ltd.
  • Grundfos
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Current, Application, Region
Breakup by Type Surface Pump, Submersible Pump, Floating Pump
Breakup by Current AC Pumps, DC Pumps
Breakup by Application Agriculture, Drinking Water, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Rainbow Power Co., Ltd., Grundfos, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Solar Water Pumps Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Solar Water Pumps Historical Market (2017-2021) 
    8.3    Global Solar Water Pumps Market Forecast (2022-2027)
    8.4    Global Solar Water Pumps Market by Type
        8.4.1    Surface Pump
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Submersible Pump
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Screw Pump
                8.4.2.4.2    Centrifugal Pump
        8.4.3    Floating Pump
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Solar Water Pumps Market by Current
        8.5.1    AC Pumps
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    DC Pumps
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Solar Water Pumps Market by Application
        8.6.1    Agriculture
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Drinking Water
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Others
    8.7    Global Solar Water Pumps Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1     Lorentz
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2     Tata Power Solar Systems Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Bright Solar Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4     Rainbow Power Company Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5     Grundfos Holding A/S
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6     Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Solar Water Pumps Market: Key Industry Highlights, 2017 and 2027
2.    Global Solar Water Pumps Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Solar Water Pumps Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Solar Water Pumps Historical Market: Breakup by Current (USD Million), 2017-2021
5.    Global Solar Water Pumps Market Forecast: Breakup by Current (USD Million), 2022-2027
6.    Global Solar Water Pumps Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Solar Water Pumps Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Solar Water Pumps Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Solar Water Pumps Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Solar Water Pumps Market Structure

Key Questions Answered in the Report

In 2020, the global solar water pumps market attained a value of nearly USD 1.19 billion.

The market is projected to grow at a CAGR of 10.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 2.17 billion by 2026.

The major drivers of the industry include favourable government incentives for the implementation of solar water pumps combined with stringent government regulations against carbon emissions.

The rising adoption of solar water pumps in areas lacking access to grid electricity is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

The types of solar water pumps available are surface pump, submersible pump, and floating pump. Submersible pumps are further divided into screw pump and centrifugal pump.

Solar water pump finds applications as agriculture and drinking water, amongst others.

Solar water pumps can have different end-uses like AC pumps and DC pumps.

The regional markets for thermocouples include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading players in this market are Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Rainbow Power Co., Ltd., and Grundfos, amongst others.

Analyst Review

The global solar water pumps market attained a value of USD 1.19 billion in 2020, driven by favourable government incentives for the implementation of solar water pumps combined with stringent government regulations against carbon emissions. Aided by rising adoption of solar water pumps in areas lacking access to grid electricity, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 10.5%. The market is projected to reach USD 2.17 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the solar water pumps market can be segmented into surface pump, submersible pump, and floating pump. Submersible pumps are further divided into screw pump and centrifugal pump. By application, the industry can be divided into agriculture and drinking water, amongst others. Solar water pumps can have different end-uses like AC pumps and DC pumps. The regional markets for solar water pumps include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Lorentz, Tata Power Solar Systems Ltd., Bright Solar Limited, Rainbow Power Co., Ltd., and Grundfos, amongst others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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