866-997-4948(US-Canada Toll Free)

Solar Pumps Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027)

Published By :

Future Market Insights

Published Date : Mar 2018

Category :

Power

No. of Pages : 263 Pages

The US$ 822.0 Mn solar pumps market is presumed to attain revenues of over US$ 2,000.0 Mn during the 10-year assessment period. In terms of volume, the consumption of solar pumps is anticipated to reach beyond 490 thousand units by the end of 2027. Over the forecast period 2017-2027, the global market for solar pumps is expected to foster at a stellar CAGR of 11.7% in terms of value.

India all set to outpace MEA and China in terms of growth rate

Geographical assessment of the global solar pumps market reveals in-depth scenario of each regional market. India will turn out to be the most lucrative market for solar pump manufacturers over the forecast period. Despite being the third largest regional market for solar pumps after MEA and China, India is anticipated to witness fostered adoption compared to others. As a result, India is expected to be the fastest growing region with an estimated CAGR of over 15% during 2017-2027. China, the second largest region with over 17% revenue share registered in 2017, will see healthy growth in the next decade at a CAGR value almost similar to that of Japan and Eastern Europe. While MEA will remain the top market for solar pumps, it is foreseen to follow India in terms of CAGR. Western Europe and North America will follow steady growth at a single-digit CAGR, whereas Eastern Europe will exhibit robust growth at a CAGR of over 11%. SEAP is identified to be emerging as a highly lucrative market for solar pumps with a projected CAGR of more than 12%.

Governmental policies to underpin robust market growth in India

High upfront capital costs and relatively lower awareness among farmer communities have been the major barriers impacting the market performance over the years. However, since the recent past, agricultural sector has become a key consumer of solar pumps, attributed to attractive government schemes proposed for farmers and growing affordability of solar pumps. Favorable government initiatives are identified to provide a thrust to pronounced adoption of solar pumps across developing Asian countries, including India. Bolstering demand from water-intensive industries will remain one of the key factors positively influencing the market growth in this region. In addition, tax and subsidy benefits as a result of growing support from the government to renewable energy projects is expected to be a significant factor in shaping the future of solar pumps sales in India. To be more specific, South India will experience a larger share, followed by North India and West India. Irrigation to remain top consumer of solar pumps globally and in India

In terms of application, irrigation has been the top application generating substantial demand for solar pumps on a global level. Irrigation is projected to remain a dominant application throughout the forecast period. While adoption of solar pumps for irrigation purpose will continue at a rapid pace all over the globe, a large number of farmer communities in India are also expected to embrace deployment of solar powered pumps for irrigation. Advancing agricultural technologies and increasing efforts for water conservation at ground level will collectively fuel the opportunities for solar powered pumps used for irrigation application across India. While the government is providing direct subsidies for promoting deployment of solar pumps, several NGOs such as The Sehgal Foundation, through combined investment of farmers, have preferred to pilot solar pump initiatives in different parts of India. In a bid to support and encourage large-scale deployment of solar pumps in near future, the government is providing farmers with an interest-subsidy along with reduced capital-subsidy.

Jain Irrigation, Shakti Pump, CRI Pumps, Tata Power Solar, and Kirloaskar Brothers are a few of the key players participating in the Indian as well as global solar pumps market. Recently, Denmark-based Grundfos Group has announced the launch of its new plant in Gujrat so as to expand in India and amplify the global market footprint.
Table Of Content
1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Analyst Credentials

2.4. About FMI

3. Solar Pumps Market Background

3.1. Macro-Economic Factors

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Trends

3.3. Value Chain Analysis

3.4. Opportunity Analysis

3.5. Forecast Factors Relevance & Impact

4. Global Solar Pumps Market Analysis 20172027 and Forecast 20172027

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Size Projections

4.3.1. Y-o-Y Projections

4.3.2. Absolute $ Opportunity Analysis

5. Global Solar Pumps Market Analysis 20172027 and Forecast 20172027, by Capacity

5.1. Introduction

5.1.1. Market Value Share Analysis By Capacity

5.1.2. Y-o-Y Growth Analysis By Capacity

5.2. Historical Market Size (US$ Mn) and Volume By Capacity, 20132017

5.3. Market Size (US$ Mn) and Volume Forecast By Capacity, 2017-2027

5.3.1. Below 5 HP

5.3.2. 5 HP

5.3.3. 5-8 HP

5.3.4. Above 8 HP

5.4. Market Attractiveness Analysis By Capacity

6. Global Solar Pumps Market Analysis 20172027 and Forecast 20172027, by Type

6.1. Introduction

6.1.1. Market Value Share Analysis By Type

6.1.2. Y-o-Y Growth Analysis By Type

6.2. Historical Market Size (US$ Mn) and Volume By Type, 20132017

6.3. Market Size (US$ Mn) and Volume Forecast By Type, 2017-2027

6.3.1. Submersible

6.3.1.1. Alternating Current (AC)

6.3.1.2. Direct Current (DC)

6.3.2. Surface

6.3.2.1. Alternating Current (AC)

6.3.2.2. Direct Current (DC)

6.4. Market Attractiveness Analysis By Type

7. Global Solar Pumps Market Analysis 20172027 and Forecast 20172027, by Application

7.1. Introduction

7.1.1. Market Value Share Analysis By Type

7.1.2. Y-o-Y Growth Analysis By Type

7.2. Historical Market Size (US$ Mn) and Volume By Application, 20132017

7.3. Market Size (US$ Mn) and Volume Forecast By Application, 2017-2027

7.3.1. Irrigation

7.3.2. Drinking Water

7.3.3. Industry

7.3.4. Other

7.4. Market Attractiveness Analysis By Application

8. Global Solar Pumps Market Analysis and Forecast, By Region

8.1. Introduction

8.1.1. Market Value Share Analysis By Region

8.1.2. Y-o-Y Growth Analysis By Region

8.2. Historical Market Size (US$ Mn) and Volume By Region, 20132017

8.3. Market Size (US$ Mn) and Volume Forecast By Region, 2017-2027

8.3.1. India

8.3.2. North America

8.3.3. Latin America

8.3.4. Western Europe

8.3.5. Eastern Europe

8.3.6. South East Asia & Pacific

8.3.7. China

8.3.8. Japan

8.3.9. Middle East & Africa

8.4. Market Attractiveness Analysis By Region

9. India Solar Pumps Market Analysis 20172027 and Forecast 20172027

9.1. Introduction

9.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

9.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

9.3.1. By Capacity

9.3.2. By Type

9.3.3. By Application

9.4. Market Attractiveness Analysis

9.4.1. By Capacity

9.4.2. By Type

9.4.3. By Application

9.5. Drivers and Restraints: Impact Analysis

9.6. Key Participants Market Presence Intensity Mapping

10. North America Solar Pumps Market Analysis 20172027 and Forecast 20172027

10.1. Introduction

10.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

10.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

10.3.1. By Country

10.3.1.1. U.S.

10.3.1.2. Canada

10.3.2. By Capacity

10.3.3. By Type

10.3.4. By Application

10.4. Market Attractiveness Analysis

10.4.1. By Country

10.4.2. By Capacity

10.4.3. By Type

10.4.4. By Application

10.5. Drivers and Restraints: Impact Analysis

10.6. Key Participants Market Presence Intensity Mapping

11. Latin America Solar Pumps Market Analysis 20172027 and Forecast 20172027

11.1. Introduction

11.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

11.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

11.3.1. By Country

11.3.1.1. Brazil

11.3.1.2. Mexico

11.3.1.3. Rest of Latin America

11.3.2. By Capacity

11.3.3. By Type

11.3.4. By Application

11.4. Market Attractiveness Analysis

11.4.1. By Country

11.4.2. By Capacity

11.4.3. By Type

11.4.4. By Application

11.5. Drivers and Restraints: Impact Analysis

11.6. Key Participants Market Presence Intensity Mapping

12. Western Europe Solar Pumps Market Analysis 20172027 and Forecast 20172027

12.1. Introduction

12.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

12.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

12.3.1. By Country

12.3.1.1. Germany

12.3.1.2. Italy

12.3.1.3. France

12.3.1.4. U.K.

12.3.1.5. Spain

12.3.1.6. Benelux

12.3.1.7. Rest of Western Europe

12.3.2. By Capacity

12.3.3. By Type

12.3.4. By Application

12.4. Market Attractiveness Analysis

12.4.1. By Country

12.4.2. By Capacity

12.4.3. By Type

12.4.4. By Application

12.5. Drivers and Restraints: Impact Analysis

12.6. Key Participants Market Presence Intensity Mapping

13. Eastern Europe Solar Pumps Market Analysis 20172027 and Forecast 20172027

13.1. Introduction

13.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

13.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

13.3.1. By Country

13.3.1.1. Poland

13.3.1.2. Hungary

13.3.1.3. Rest of Eastern Europe

13.3.2. By Capacity

13.3.3. By Type

13.3.4. By Application

13.4. Market Attractiveness Analysis

13.4.1. By Country

13.4.2. By Capacity

13.4.3. By Type

13.4.4. By Application

13.5. Drivers and Restraints: Impact Analysis

13.6. Key Participants Market Presence Intensity Mapping

14. South East Asia & Pacific Solar Pumps Market Analysis 20172027 and Forecast 20172027

14.1. Introduction

14.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

14.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

14.3.1. By Country

14.3.1.1. China

14.3.1.2. India

14.3.1.3. Australia and New Zealand

14.3.1.4. ASEAN

14.3.1.5. Rest of APAC

14.3.2. By Capacity

14.3.3. By Type

14.3.4. By Application

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Capacity

14.4.3. By Type

14.4.4. By Application

14.5. Drivers and Restraints: Impact Analysis

14.6. Key Participants Market Presence Intensity Mapping

15. China Solar Pumps Market Analysis 20172027 and Forecast 20172027

15.1. Introduction

15.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

15.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

15.3.1. By Capacity

15.3.2. By Type

15.3.3. By Application

15.4. Market Attractiveness Analysis

15.4.1. By Capacity

15.4.2. By Type

15.4.3. By Application

15.5. Drivers and Restraints: Impact Analysis

15.6. Key Participants Market Presence Intensity Mapping

16. Middle East & Africa Solar Pumps Market Analysis 20172027 and Forecast 20172027

16.1. Introduction

16.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

16.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

16.3.1. By Country

16.3.1.1. GCC Countries

16.3.1.2. South Africa

16.3.1.3. North Africa

16.3.1.4. Rest of MEA

16.3.2. By Capacity

16.3.3. By Type

16.3.4. By Application

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Capacity

16.4.3. By Type

16.4.4. By Application

16.5. Drivers and Restraints: Impact Analysis

16.6. Key Participants Market Presence Intensity Mapping

17. Japan Solar Pumps Market Analysis 20172027 and Forecast 20172027

17.1. Introduction

17.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 20132017

17.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2017-2027

17.3.1. By Capacity

17.3.2. By Type

17.3.3. By Application

17.4. Market Attractiveness Analysis

17.4.1. By Capacity

17.4.2. By Type

17.4.3. By Application

17.5. Drivers and Restraints: Impact Analysis

17.6. Key Participants Market Presence Intensity Mapping

18. Competition Analysis

18.1. Market Structure Analysis

18.2. Market Share Analysis

18.3. Competition Dashboard

18.4. Competition Profiles

18.4.1. Schnieder Electric

18.4.2. Grundfos

18.4.3. Jain Irrigation Systems Ltd.

18.4.4. Tata Power Solar

18.4.5. Kirloskar Brothers Limited

18.4.6. Shakti Pumps India Limited

18.4.7. Bernt Lorentz GmbH & Co. KG

18.4.8. CRI Pumps

18.4.9. Claro Energy Private Limited

18.4.10. Waaree Energies Ltd.

18.4.11. Zhejiang Taifu Pump Company Ltd.

18.4.12. Yozeal New Energy Technology Co.,Ltd

18.4.13. Greenmax Technology

18.4.14. PM PumpMakers GmbH

18.4.15. Solar Power & Pump Company

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *