Product Code: 12852
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 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:
Submersible
Surface
- Solar Pumps Market, By Capacity:
Below 5 HP
5-8 HP
Above 8 HP
- Solar Pumps Market, By Application:
Irrigation
Drinking Water
Industrial
Others
- Solar Pumps Market, By Operation
AC Pump
DC Pump
- Solar Pumps Market, By Region:
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Indonesia
- Vietnam
- Bangladesh
- Thailand
- Pakistan
- Rest of Asia-pacific
Europe
- Germany
- Italy
- Spain
- France
- Russia
- United Kingdom
- Netherlands
- Rest of Europe
North America
- United States
- Mexico
- Canada
Africa
- South Africa
- Nigeria
- Morocco
- Algeria
- Namibia
- Kenya
- Zimbabwe
- Uganda
- Rest of Africa
Middle East
- Turkey
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
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 Contents
1. Product Overview
2. 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
- 6.2. 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
- 7.5. 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
- 7.6.1.2. 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
- 7.6.2.2. 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
- 7.6.3.2. 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
- 7.6.4.2. 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
- 7.6.5.2. 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
- 7.6.6.2. 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
- 7.6.7.2. 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
- 7.6.8.2. 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
- 7.6.9.2. 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
- 7.6.10.2. 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
- 8.5. 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
- 8.6.1.2. 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
- 8.6.2.2. 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
- 8.6.3.2. 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
- 8.6.4.2. 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
- 8.6.5.2. 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
- 8.6.6.2. 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
- 8.6.7.2. 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
- 9.5. 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
- 9.6.1.2. 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
- 9.6.2.2. 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
- 9.6.3.2. 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
- 10.5. 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
- 10.6.1.2. 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
- 10.6.2.2. 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
- 10.6.3.2. 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
- 10.6.4.2. 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
- 10.6.5.2. 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
- 10.6.6.2. 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
- 10.6.7.2. 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
- 10.6.8.2. 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
- 11.5. 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
- 11.6.1.2. 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
- 11.6.2.2. 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
- 11.6.3.2. 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
- 11.6.4.2. 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
- 11.6.5.2. 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
- 12.5. 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
- 12.6.1.2. 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
- 12.6.2.2. 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
- 12.6.3.2. 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
- 12.6.4.2. 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
- 12.6.5.2. 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