Global Solar Pumps Market By Type (Submersible & Surface), By Capacity (Below 5 HP, 5-8 HP & Above 8 HP), By Application (Irrigation, Drinking Water, Industrial & Others), By Operation (AC Pump & DC Pump), By Region, Competition Forecast and Opportunities, 2027
The Global Solar Pumps Market is valued at USD1,648.29 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.91% owing to increasing electricity tariff... もっと見る
SummaryThe Global Solar Pumps Market is valued at USD1,648.29 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.91% owing to increasing electricity tariffs, emphasis on clean energy, etc.A solar pump is a pumping mechanism that is powered by solar panels and runs on solar energy. The pump is not powered by fossil fuels or additional electricity. A water storage tank, electrical wires, a breaker/fuse box, a DC water pump, a solar charge controller (MPPT), and a solar panel array are all included in the system. Solar pumps have a lower environmental impact than pumps powered by IC engines or grid energy. One or more solar panels, a controller, and a pump are the main components of a PV solar-powered pump system. Solar panels make up a large portion of the platform's cost (up to 80%). The size of the PV system is related to the pump's size, the volume of water required, and the amount of solar radiation available. Growing Attention on Low Carbon Emissions Massive cost reductions in renewable energy technology are expediting the shift to cleaner, more sustainable energy systems, which has already started. Compared to 2010, the price of solar photovoltaic (PV) systems is 82 percent lower in 2019. Additionally, the price of concentrated solar power facilities has decreased by 47% since 2010. Solar energy increases environmental sustainability, and disaster resilience, and aids in the battle against climate change. To meet the goals for low carbon emissions and to ease the burden of phasing out coal quickly. There has been an upsurge in the usage of clean, renewable energy. Renewable energy costs can occasionally be competitive and, in some cases, unsubsidized renewable energy has the potential to be less expensive than brand-new conventional generators. These and other elements are fuelling the expansion of the Global Solar Pumps Market. Uses of Renewable Energy Initiatives by the Government The market for solar pumps is benefiting from ongoing improvements that aim to achieve energy optimization across manufacturing facilities. For instance, the Ministry of New & Renewable Energy (MNRE) in India offers farmers’ subsidies under the off-grid and Decentralized Solar PV Applications Program of up to 30% of the benchmark cost of the solar pumps. According to the scheme, more than 1.85 lakh solar pumps have been built in the nation. Additionally, the Indian government has launched a program to help farmers install solar pumps at grid-connected solar power plants. Another initiative in Asia Pacific region includes the setup of a 4-kilowatt peak solar irrigation system in Bangladesh, costing roughly USD8400, with a five-year return on investment due to diesel savings and yield gain. All of these activities are fueling the Asia Pacific Solar Pumps Market's expansion, hence the growth of the global market. Environmentally Friendly Products Will Be More Popular An environmentally friendly alternative to other irrigation equipment like diesel pumps is solar pumps. For instance, the government in some African countries are making strong efforts to reduce rising carbon emissions in order to combat climate change. Such initiatives are the result of businesses placing a greater emphasis on renewable energy sources in an effort to reduce energy expenses and their overall carbon impact. These activities have increased demand for solar pumps. Additionally, as the pumping head rises, the discharge rate from a solar pump falls off linearly. Green Economy There has been a growing focus on green economy in many region such as North America, where using solar energy not only benefits the environment by lowering air pollution, but it also benefits the region’s solar economy and lowers energy costs for farmers. For many large cities in countries in North America, significant air pollution is a big concern due to the location and local weather conditions. For instance, irrigation pumps are one of the causes of air pollution. The California Environmental Protection Agency constantly monitors irrigation pump pollution. With financial incentives, the Air Resources Board has attempted to persuade producers to transition from diesel to electricity, but high energy prices have been and remain a deterrent. In spite of that as government initiatives and environmental concerns gain traction, solar pumps are anticipated to become a common source of income for many people in the future. Therefore, encouraging the demand for solar pumps. Market Segmentation Global Solar Pumps Market is segmented based on Type, Capacity, Application, Operation, Region and Company. Based on Type, the market is further fragmented into Submersible & Surface. Based on the Capacity, the market is segmented into Below 5 HP, 5-8 HP & Above 8 HP. Based on Application, the market is segmented into Irrigation, Drinking Water, Industrial & Others. Based on Operation, the market is segmented into AC Pump & DC Pump. Company Profiles Shakti Pumps (India) Ltd, Tata Power Solar Systems Ltd, C.R.I. Pumps Private Limited, Oswal Pumps Limited, Bernt Lorentz GmbH & Co. KG, Aquasub Engineering, Greenmax Technology, China Samking Solar Pump, Lubi Electronics, Vincent Solar Energy are among the major market players in the Global Solar Pumps Market. Report Scope: The scope of the report is inclusive of solar panel module and solar water pumpset. Below components have been taken into consideration while deriving market size. • Solar Panel Module • Mounting Structure • Solar Water Pumpset • Cables & Wires • Controller • Suction and delivery Pipes • Maintenance & Installation Services In this report, Global Solar Pumps has been segmented into the following categories, in addition to the industry trends which have also been detailed below: • Solar Pumps Market, By Type: o Submersible o Surface • Solar Pumps Market, By Capacity: o Below 5 HP o 5-8 HP o Above 8 HP • Solar Pumps Market, By Application: o Irrigation o Drinking Water o Industrial o Others • Solar Pumps Market, By Operation o AC Pump o DC Pump • Solar Pumps Market, By Region: o Asia-Pacific China India Japan Australia South Korea Indonesia Vietnam Bangladesh Thailand Pakistan Rest of Asia-pacific o Europe Germany Italy Spain France Russia United Kingdom Netherlands Rest of Europe o North America United States Mexico Canada o Africa South Africa Nigeria Morocco Algeria Namibia Kenya Zimbabwe Uganda Rest of Africa o Middle East Turkey UAE Saudi Arabia Israel Egypt Rest of Middle East o South America Brazil Chile Argentina Colombia Peru Rest of South America Competitive Landscape Company Profiles: Detailed analysis of the major companies present in the Global Solar Pumps Market. Available Customizations: With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report: Company Information • Detailed analysis and profiling of additional market players (up to five). Table of Contents1. Product Overview2. Research Methodology 3. Executive Summary 4. Impact of COVID-19 on Global Solar Pumps Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Factors Influencing Purchase Decision 5.3. Factors Influencing the Selection of Supplier 5.4. Key Satisfaction Level 5.5. Challenges Faced Post Purchase 6. Global Solar Pumps Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type (Submersible & Surface) 6.2.2. By Capacity (Below 5 HP, 5-8 HP & Above 8 HP) 6.2.3. By Application (Irrigation, Drinking Water, Industrial & Others) 6.2.4. By Operation (AC Pump & DC Pump) 6.2.5. By Company (2021) 6.2.6. By Region (Asia-Pacific, Europe, North America, Africa, Middle East and South America) 6.3. Product Market Map 7. Asia-Pacific Solar Pumps Market Outlook 7.1. Market Drivers & Challenges 7.2. Market Trends & Developments 7.3. Policy and Regulatory Landscape 7.4. Market Size & Forecast 7.4.1. By Value 7.5. Market Share & Forecast 7.5.1. By Type 7.5.2. By Capacity 7.5.3. By Application 7.5.4. By Operation 7.5.5. By Country 7.5.6. By Company (2021) 7.6. Asia-Pacific: Country Analysis 7.6.1. China Solar Pumps Market Outlook 7.6.1.1. Market Size & Forecast 7.6.1.1.1. By Value 7.6.1.2. Market Share & Forecast 7.6.1.2.1. By Type 7.6.1.2.2. By Capacity 7.6.1.2.3. By Application 7.6.1.2.4. By Operation 7.6.2. India Solar Pumps Market Outlook 7.6.2.1. Market Size & Forecast 7.6.2.1.1. By Value 7.6.2.2. Market Share & Forecast 7.6.2.2.1. By Type 7.6.2.2.2. By Capacity 7.6.2.2.3. By Application 7.6.2.2.4. By Operation 7.6.3. Japan Solar Pumps Market Outlook 7.6.3.1. Market Size & Forecast 7.6.3.1.1. By Value 7.6.3.2. Market Share & Forecast 7.6.3.2.1. By Type 7.6.3.2.2. By Capacity 7.6.3.2.3. By Application 7.6.3.2.4. By Operation 7.6.4. Australia Solar Pumps Market Outlook 7.6.4.1. Market Size & Forecast 7.6.4.1.1. By Value 7.6.4.2. Market Share & Forecast 7.6.4.2.1. By Type 7.6.4.2.2. By Capacity 7.6.4.2.3. By Application 7.6.4.2.4. By Operation 7.6.5. South Korea Solar Pumps Market Outlook 7.6.5.1. Market Size & Forecast 7.6.5.1.1. By Value 7.6.5.2. Market Share & Forecast 7.6.5.2.1. By Type 7.6.5.2.2. By Capacity 7.6.5.2.3. By Application 7.6.5.2.4. By Operation 7.6.6. Indonesia Solar Pumps Market Outlook 7.6.6.1. Market Size & Forecast 7.6.6.1.1. By Value 7.6.6.2. Market Share & Forecast 7.6.6.2.1. By Type 7.6.6.2.2. By Capacity 7.6.6.2.3. By Application 7.6.6.2.4. By Operation 7.6.7. Vietnam Solar Pumps Market Outlook 7.6.7.1. Market Size & Forecast 7.6.7.1.1. By Value 7.6.7.2. Market Share & Forecast 7.6.7.2.1. By Type 7.6.7.2.2. By Capacity 7.6.7.2.3. By Application 7.6.7.2.4. By Operation 7.6.8. Bangladesh Solar Pumps Market Outlook 7.6.8.1. Market Size & Forecast 7.6.8.1.1. By Value 7.6.8.2. Market Share & Forecast 7.6.8.2.1. By Type 7.6.8.2.2. By Capacity 7.6.8.2.3. By Application 7.6.8.2.4. By Operation 7.6.9. Thailand Solar Pumps Market Outlook 7.6.9.1. Market Size & Forecast 7.6.9.1.1. By Value 7.6.9.2. Market Share & Forecast 7.6.9.2.1. By Type 7.6.9.2.2. By Capacity 7.6.9.2.3. By Application 7.6.9.2.4. By Operation 7.6.10. Pakistan Solar Pumps Market Outlook 7.6.10.1. Market Size & Forecast 7.6.10.1.1. By Value 7.6.10.2. Market Share & Forecast 7.6.10.2.1. By Type 7.6.10.2.2. By Capacity 7.6.10.2.3. By Application 7.6.10.2.4. By Operation 8. Europe Solar Pumps Market Outlook 8.1. Market Drivers & Challenges 8.2. Market Trends & Developments 8.3. Policy and Regulatory Landscape 8.4. Market Size & Forecast 8.4.1. By Value 8.5. Market Share & Forecast 8.5.1. By Type 8.5.2. By Capacity 8.5.3. By Application 8.5.4. By Operation 8.5.5. By Country 8.5.6. By Company (2021) 8.6. Europe: Country Analysis 8.6.1. Germany Solar Pumps Market Outlook 8.6.1.1. Market Size & Forecast 8.6.1.1.1. By Value 8.6.1.2. Market Share & Forecast 8.6.1.2.1. By Type 8.6.1.2.2. By Capacity 8.6.1.2.3. By Application 8.6.1.2.4. By Operation 8.6.2. Italy Solar Pumps Market Outlook 8.6.2.1. Market Size & Forecast 8.6.2.1.1. By Value 8.6.2.2. Market Share & Forecast 8.6.2.2.1. By Type 8.6.2.2.2. By Capacity 8.6.2.2.3. By Application 8.6.2.2.4. By Operation 8.6.3. Spain Solar Pumps Market Outlook 8.6.3.1. Market Size & Forecast 8.6.3.1.1. By Value 8.6.3.2. Market Share & Forecast 8.6.3.2.1. By Type 8.6.3.2.2. By Capacity 8.6.3.2.3. By Application 8.6.3.2.4. By Operation 8.6.4. France Solar Pumps Market Outlook 8.6.4.1. Market Size & Forecast 8.6.4.1.1. By Value 8.6.4.2. Market Share & Forecast 8.6.4.2.1. By Type 8.6.4.2.2. By Capacity 8.6.4.2.3. By Application 8.6.4.2.4. By Operation 8.6.5. Russia Solar Pumps Market Outlook 8.6.5.1. Market Size & Forecast 8.6.5.1.1. By Value 8.6.5.2. Market Share & Forecast 8.6.5.2.1. By Type 8.6.5.2.2. By Capacity 8.6.5.2.3. By Application 8.6.5.2.4. By Operation 8.6.6. United Kingdom Solar Pumps Market Outlook 8.6.6.1. Market Size & Forecast 8.6.6.1.1. By Value 8.6.6.2. Market Share & Forecast 8.6.6.2.1. By Type 8.6.6.2.2. By Capacity 8.6.6.2.3. By Application 8.6.6.2.4. By Operation 8.6.7. Netherlands Solar Pumps Market Outlook 8.6.7.1. Market Size & Forecast 8.6.7.1.1. By Value 8.6.7.2. Market Share & Forecast 8.6.7.2.1. By Type 8.6.7.2.2. By Capacity 8.6.7.2.3. By Application 8.6.7.2.4. By Operation 9. North America Solar Pumps Market Outlook 9.1. Market Drivers & Challenges 9.2. Market Trends & Developments 9.3. Policy and Regulatory Landscape 9.4. Market Size & Forecast 9.4.1. By Value 9.5. Market Share & Forecast 9.5.1. By Type 9.5.2. By Capacity 9.5.3. By Application 9.5.4. By Operation 9.5.5. By Country 9.5.6. By Company (2021) 9.6. North America: Country Analysis 9.6.1. United States Solar Pumps Market Outlook 9.6.1.1. Market Size & Forecast 9.6.1.1.1. By Value 9.6.1.2. Market Share & Forecast 9.6.1.2.1. By Type 9.6.1.2.2. By Capacity 9.6.1.2.3. By Application 9.6.1.2.4. By Operation 9.6.2. Mexico Solar Pumps Market Outlook 9.6.2.1. Market Size & Forecast 9.6.2.1.1. By Value 9.6.2.2. Market Share & Forecast 9.6.2.2.1. By Type 9.6.2.2.2. By Capacity 9.6.2.2.3. By Application 9.6.2.2.4. By Operation 9.6.3. Canada Solar Pumps Market Outlook 9.6.3.1. Market Size & Forecast 9.6.3.1.1. By Value 9.6.3.2. Market Share & Forecast 9.6.3.2.1. By Type 9.6.3.2.2. By Capacity 9.6.3.2.3. By Application 9.6.3.2.4. By Operation 10. Africa Solar Pumps Market Outlook 10.1. Market Drivers & Challenges 10.2. Market Trends & Developments 10.3. Policy and Regulatory Landscape 10.4. Market Size & Forecast 10.4.1. By Value 10.5. Market Share & Forecast 10.5.1. By Type 10.5.2. By Capacity 10.5.3. By Application 10.5.4. By Operation 10.5.5. By Country 10.5.6. By Company (2021) 10.6. Africa: Country Analysis 10.6.1. South Africa Solar Pumps Market Outlook 10.6.1.1. Market Size & Forecast 10.6.1.1.1. By Value 10.6.1.2. Market Share & Forecast 10.6.1.2.1. By Type 10.6.1.2.2. By Capacity 10.6.1.2.3. By Application 10.6.1.2.4. By Operation 10.6.2. Nigeria Solar Pumps Market Outlook 10.6.2.1. Market Size & Forecast 10.6.2.1.1. By Value 10.6.2.2. Market Share & Forecast 10.6.2.2.1. By Type 10.6.2.2.2. By Capacity 10.6.2.2.3. By Application 10.6.2.2.4. By Operation 10.6.3. Morocco Solar Pumps Market Outlook 10.6.3.1. Market Size & Forecast 10.6.3.1.1. By Value 10.6.3.2. Market Share & Forecast 10.6.3.2.1. By Type 10.6.3.2.2. By Capacity 10.6.3.2.3. By Application 10.6.3.2.4. By Operation 10.6.4. Algeria Solar Pumps Market Outlook 10.6.4.1. Market Size & Forecast 10.6.4.1.1. By Value 10.6.4.2. Market Share & Forecast 10.6.4.2.1. By Type 10.6.4.2.2. By Capacity 10.6.4.2.3. By Application 10.6.4.2.4. By Operation 10.6.5. Namibia Solar Pumps Market Outlook 10.6.5.1. Market Size & Forecast 10.6.5.1.1. By Value 10.6.5.2. Market Share & Forecast 10.6.5.2.1. By Type 10.6.5.2.2. By Capacity 10.6.5.2.3. By Application 10.6.5.2.4. By Operation 10.6.6. Kenya Solar Pumps Market Outlook 10.6.6.1. Market Size & Forecast 10.6.6.1.1. By Value 10.6.6.2. Market Share & Forecast 10.6.6.2.1. By Type 10.6.6.2.2. By Capacity 10.6.6.2.3. By Application 10.6.6.2.4. By Operation 10.6.7. Zimbabwe Solar Pumps Market Outlook 10.6.7.1. Market Size & Forecast 10.6.7.1.1. By Value 10.6.7.2. Market Share & Forecast 10.6.7.2.1. By Type 10.6.7.2.2. By Capacity 10.6.7.2.3. By Application 10.6.7.2.4. By Operation 10.6.8. Uganda Solar Pumps Market Outlook 10.6.8.1. Market Size & Forecast 10.6.8.1.1. By Value 10.6.8.2. Market Share & Forecast 10.6.8.2.1. By Type 10.6.8.2.2. By Capacity 10.6.8.2.3. By Application 10.6.8.2.4. By Operation 11. Middle East Solar Pumps Market Outlook 11.1. Market Drivers & Challenges 11.2. Market Trends & Developments 11.3. Policy and Regulatory Landscape 11.4. Market Size & Forecast 11.4.1. By Value 11.5. Market Share & Forecast 11.5.1. By Type 11.5.2. By Capacity 11.5.3. By Application 11.5.4. By Operation 11.5.5. By Country 11.5.6. By Company (2021) 11.6. Middle East: Country Analysis 11.6.1. Turkey Solar Pumps Market Outlook 11.6.1.1. Market Size & Forecast 11.6.1.1.1. By Value 11.6.1.2. Market Share & Forecast 11.6.1.2.1. By Type 11.6.1.2.2. By Capacity 11.6.1.2.3. By Application 11.6.1.2.4. By Operation 11.6.2. UAE Solar Pumps Market Outlook 11.6.2.1. Market Size & Forecast 11.6.2.1.1. By Value 11.6.2.2. Market Share & Forecast 11.6.2.2.1. By Type 11.6.2.2.2. By Capacity 11.6.2.2.3. By Application 11.6.2.2.4. By Operation 11.6.3. Saudi Arabia Solar Pumps Market Outlook 11.6.3.1. Market Size & Forecast 11.6.3.1.1. By Value 11.6.3.2. Market Share & Forecast 11.6.3.2.1. By Type 11.6.3.2.2. By Capacity 11.6.3.2.3. By Application 11.6.3.2.4. By Operation 11.6.4. Israel Solar Pumps Market Outlook 11.6.4.1. Market Size & Forecast 11.6.4.1.1. By Value 11.6.4.2. Market Share & Forecast 11.6.4.2.1. By Type 11.6.4.2.2. By Capacity 11.6.4.2.3. By Application 11.6.4.2.4. By Operation 11.6.5. Egypt Solar Pumps Market Outlook 11.6.5.1. Market Size & Forecast 11.6.5.1.1. By Value 11.6.5.2. Market Share & Forecast 11.6.5.2.1. By Type 11.6.5.2.2. By Capacity 11.6.5.2.3. By Application 11.6.5.2.4. By Operation 12. South America Solar Pumps Market Outlook 12.1. Market Drivers & Challenges 12.2. Market Trends & Developments 12.3. Policy and Regulatory Landscape 12.4. Market Size & Forecast 12.4.1. By Value 12.5. Market Share & Forecast 12.5.1. By Type 12.5.2. By Capacity 12.5.3. By Application 12.5.4. By Operation 12.5.5. By Country 12.5.6. By Company (2021) 12.6. South America: Country Analysis 12.6.1. Brazil Solar Pumps Market Outlook 12.6.1.1. Market Size & Forecast 12.6.1.1.1. By Value 12.6.1.2. Market Share & Forecast 12.6.1.2.1. By Type 12.6.1.2.2. By Capacity 12.6.1.2.3. By Application 12.6.1.2.4. By Operation 12.6.2. Chile Solar Pumps Market Outlook 12.6.2.1. Market Size & Forecast 12.6.2.1.1. By Value 12.6.2.2. Market Share & Forecast 12.6.2.2.1. By Type 12.6.2.2.2. By Capacity 12.6.2.2.3. By Application 12.6.2.2.4. By Operation 12.6.3. Argentina Solar Pumps Market Outlook 12.6.3.1. Market Size & Forecast 12.6.3.1.1. By Value 12.6.3.2. Market Share & Forecast 12.6.3.2.1. By Type 12.6.3.2.2. By Capacity 12.6.3.2.3. By Application 12.6.3.2.4. By Operation 12.6.4. Colombia Solar Pumps Market Outlook 12.6.4.1. Market Size & Forecast 12.6.4.1.1. By Value 12.6.4.2. Market Share & Forecast 12.6.4.2.1. By Type 12.6.4.2.2. By Capacity 12.6.4.2.3. By Application 12.6.4.2.4. By Operation 12.6.5. Peru Solar Pumps Market Outlook 12.6.5.1. Market Size & Forecast 12.6.5.1.1. By Value 12.6.5.2. Market Share & Forecast 12.6.5.2.1. By Type 12.6.5.2.2. By Capacity 12.6.5.2.3. By Application 12.6.5.2.4. By Operation 13. Company Profiles 13.1. Shakti Pumps (India) Ltd. 13.2. Tata Power Solar Systems Ltd. 13.3. C.R.I. Pumps Private Limited 13.4. Oswal Pumps Limited 13.5. Bernt Lorentz GmbH & Co. KG 13.6. Aquasub Engineering 13.7. Greenmax Technology 13.8. China Samking Solar Pump 13.9. Lubi Electronics 13.10. Vincent Solar Energy 13.11. Tulima Solar Ltd. 13.12. Grundfos Holding A/S 13.13. Topsun Energy Limited 13.14. Jain Irrigation Systems Ltd. 13.15. Novergy Energy Solutions Pvt. Ltd. 13.16. Adpower FZCO 14. Strategic Recommendations 15. About Us and Disclaimer
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