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Solar Water Pumps Market

Global Solar Water Pumps Market Size, Analysis, Report: By Type: Surface Pump, Submersible Pump, Floating Pump; By Current: AC Pumps, DC Pumps; By Application: Agriculture, Drinking Water, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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 1.60 billion in 2023. The solar pumps market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 10.5%.

 

Global Solar Water Pumps Market

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The Asia Pacific to be one of the Leading Regional Markets for Solar Water Pumps

The Asia Pacific is one of the leading regional markets for solar water pumps. India, China, Bangladesh, Japan, and Indonesia are the significant markets within the region. The market 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 strong presence of market players and their initiatives to provide solar pumping systems for agricultural irrigation to help increase the production and income of farmers through inexhaustible solar energy for sufficient water supply is providing impetus to the solar water pumps market growth. Meanwhile, the Middle East and Africa is also expected to be a significant market due to the high penetration of sunlight and investments by the governments in the region, encouraging the use of solar water pumps for irrigation.

 

Market Segmentation

Solar water pumps are water pumps that run on electricity generated either by thermal energy or by utilising the collected sunlight via photovoltaic panels rather than being run on diesel or grid electricity. The photovoltaic cells convert the solar power into electricity, which is then used for operating the motor pump. They are environmentally friendly and are cost-effective as they are not dependent on fuel sources.

 

Global Solar Water Pumps Market By Application

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Based on types, the market can be divided into:

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

By current, the market can be bifurcated into:

  • AC Pumps
  • DC Pumps

The market can be broadly categorised based on its applications 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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Rising Environmental Consciousness and the Need to Reduce the Reliance on Fuel Sources to Drive the Market Growth of Solar Water Pumps

The rising adoption of solar water pumps in areas lacking access to grid electricity is driving the solar water pumps market forward. For instance, farmers in India are increasingly adopting solar pumps for irrigation due to unscheduled power cuts, with support from the government in the form of subsidies. Such measures to support the adoption of solar pumps, combined with stringent government regulations against carbon emissions are contributing to the market expansion. Numerous benefits offered by solar water pumps, like higher efficiency, cost-effectiveness, easy maintenance, long operating life, environmental-friendly, and less dependency on fuels, are accelerating the market development. The expanding agricultural activities to meet the increasing food demand and the need for a clean and fresh source of water are leading to the use of solar water pumps for irrigation purposes. Over the forecast period, the reduction in the prices of photovoltaic modules and the innovations in controller technology are expected to further propel the market for solar water pumps forward.

 

Key Players in the Global Market for Solar Water Pumps

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

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

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 Company Ltd.
  • Grundfos Holding A/S
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Solar Water Pumps Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Solar Water Pumps Historical Market (2018-2023) 
    8.3    Global Solar Water Pumps Market Forecast (2024-2032)
    8.4    Global Solar Water Pumps Market by Type
        8.4.1    Surface Pump
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Submersible Pump
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Screw Pump
                8.4.2.3.2    Centrifugal Pump
        8.4.3    Floating Pump
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Solar Water Pumps Market by Current
        8.5.1    AC Pumps
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    DC Pumps
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Solar Water Pumps Market by Application
        8.6.1    Agriculture
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Drinking Water
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Solar Water Pumps Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Solar Water Pumps Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Solar Water Pumps Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Solar Water Pumps Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Solar Water Pumps Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Solar Water  Pumps Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Lorentz
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2     Tata Power Solar Systems Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     Bright Solar Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4     Rainbow Power Company Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Grundfos Holding A/S
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6     Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Solar Water Pumps Market: Key Industry Highlights, 2018 and 2032
2.    Global Solar Water Pumps Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Solar Water Pumps Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Solar Water Pumps Historical Market: Breakup by Current (USD Million), 2018-2023
5.    Global Solar Water Pumps Market Forecast: Breakup by Current (USD Million), 2024-2032
6.    Global Solar Water Pumps Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Solar Water Pumps Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Solar Water Pumps Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Solar Water Pumps Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Solar Water Pumps Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of approximately USD 1.60 billion. 

The market is projected to grow at a CAGR of 10.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.95 billion by 2032.

The major drivers of the market include favourable incentives by various governments 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 and increasing agricultural investments are expected to be key trends guiding the growth of the market.

The major regions in the market 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 pumps find applications in agriculture, and drinking water, amongst others.

Solar water pumps can be divided based on current into AC pumps and DC pumps.

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

Analyst Review

The global solar water pumps market attained a value of USD 1.60 billion in 2023, 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 2024-2032, growing at a CAGR of 10.5%. The market is projected to reach USD 3.95 billion by 2032.

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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