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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 (2016-2026); 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 2021-2026 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.

*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
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Solar Water Pumps Market Analysis
    6.1    Global Solar Water Pumps Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Solar Water Pumps Market Breakup by Type  
        6.2.1    Surface Pump
        6.2.2    Submersible Pump
            6.2.2.1    Screw Pump
            6.2.2.2    Centrifugal Pump
        6.2.3    Floating Pump
    6.3    Global Solar Water Pumps Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Surface Pump
        6.3.2    Submersible Pump
            6.3.2.1    Screw Pump
            6.3.2.2    Centrifugal Pump
        6.3.3    Floating Pump 
    6.4    Global Solar Water Pumps Market Breakup by Current
        6.4.1    AC Pumps
        6.4.2    DC Pumps
    6.5    Global Solar Water Pumps Market Breakup by Current: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    AC Pumps
        6.5.2    DC Pumps
    6.6    Global Solar Water Pumps Market Breakup by Application
        6.6.1    Agriculture 
        6.6.2    Drinking Water
        6.6.3    Others
    6.7    Global Solar Water Pumps Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Agriculture 
        6.7.2    Drinking Water
        6.7.3    Others 
    6.8    Global Solar Water Pumps Market Breakup by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    Germany
            6.8.2.2    United Kingdom
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    Japan
            6.8.3.3    India
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Global Solar Water Pumps Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    Germany
            6.9.2.2    United Kingdom
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    Japan
            6.9.3.3    India
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Value Chain Analysis
10    EMR’s Key Indicators for Demand
11    EMR’s Key Indicators for Price
12    Competitive Landscape & Supplier Analysis

    12.1    Lorentz
        12.1.1    Company Overview
        12.1.2    Financial Analysis
    12.2    Tata Power Solar Systems Ltd.
        12.2.1    Company Overview
        12.2.2    Financial Analysis
    12.3    Bright Solar Limited 
        12.3.1    Company Overview
        12.3.2    Financial Analysis
    12.4    Rainbow Power Co., Ltd.
        12.4.1    Company Overview
        12.4.2    Financial Analysis
    12.5    Grundfos
        12.5.1    Company Overview
        12.5.2    Financial Analysis
    12.6    Others
13    Industry Events and Developments

Additional Customisations Available:

1    Manufacturing Process
    1.1    Detailed Process Flow
    1.2    Operations Involved
    1.3    Mass Balance
2    Cost Analysis and Project Economics
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

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 2021-2026 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 2021-2026, 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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