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Solar Water Pumps Market

Solar Water Pumps Market Size, Share & Trends Analysis Report

Solar Water Pumps Market By Power Rating (Up To 3 HP, 3.1 To 10 HP, Above 10 HP), By Pump Type (Surface Pump, Submersible Pump, Screw Pump, Centrifugal Pump, Floating Pump), By Current Type (AC, DC), By Application (Drinking Water Supply, Agriculture, Industrial, Other Applications), Industry Analysis, Trends, And Forecast 2019

Published
Report ID : BMRC 208
Number of pages : 300
Published Date : Nov 2022
Category : Energy And Mining
Delivery Timeline : 48 hrs

Solar Water Pumps Market is valued at USD 438.2 Million in 2018 and expected to reach USD 1347.0 Million by 2025 with a CAGR of 17.4% over the forecast period. Continuous increase in the price of electricity as well as diesel fuel is the key factor driving the growth of global solar water pumps market.

Solar water pumps market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about solar water pumps market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.

Solar power is a natural and symbiotic choice for water pumping and it is made up of two basic components; pumps and photovoltaic panels. Solar water pumping is one of the most economically attractive solar energy applications with direct drive PV systems often providing decades of consistent service. Photovoltaic water pumping systems can meet a comprehensive range of needs and are relatively cost competitive, low maintenance, simple and reliable. A typical solar cell has two or more specially prepared layers of semiconductor material that produce direct current (DC) electricity when exposed to sun light. This DC current is collected by the wiring in the panel, then supplied either to a DC pump, which in turn pumps water whenever the sun shines, or stored in batteries for future use by the solar water pump.

Major factor driving the growth of solar water pumps market is continuously increasing price of electricity as well as diesel fuel. Direct drive photovoltaic systems can deliver power for about USD 0.15 per kWh, as compare to diesel water pumps which costs nearly triple of solar water pump to operate and it provides dependable water with no fuel costs. In addition, increasing government regulations on reducing carbon dioxide emission and greenhouse gas emissions is also foster the solar water pumps market growth. Solar water pumps are used in agriculture, consumes about 25% of total electricity used in India and for that 85 million tons of coal annually used to generate electricity. Nearly 12% of total diesel in India is used by irrigation pumps that are more than 4 Billion liters of diesel is used. However, lack of awareness about the benefits of solar water pumps technology may hamper the growth of this market. Throughout the India nearly 30 million irrigation pumps are in use, out of that only 0.4 % is the solar water pumps and remaining are running on power grid and diesel. In spite of that, technological advancements in the field of  solar water pumps in the coming years can be an opportunity for the growth of the solar pumps market in the forecast period.

Key Players

Key players of solar water pumps market are like Tata Power Solar Systems Ltd., Shakti Solar Pumping System, WENLING JINTAI PUMP FACTORY, Lorentz, SunEdison, Inc., CRI Pumps Pvt. Ltd, Solar Power & Pump Co LLC, Bright Solar Pvt. Ltd., Grundfos, American West Windmill and Solar Company, Dankoff Solar, Greenmax Technology and others.

Market Segmentation –

By Power Rating

  • Up to 3 HP
  • 1 to 10 HP
  • Above 10 HP

By Pump Type

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

By Current Type

  • AC
  • DC

By Application

  • Drinking Water Supply
  • Agriculture
  • Industrial
  • Other Applications

By Region

  • North America

    • U.S
    • Canada
  • Europe

    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of Middle East and Africa

 

SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Power Rating

  • Up to 3 HP
  • 1 to 10 HP
  • Above 10 HP

By Pump Type

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

By Current Type

  • AC
  • DC

By Application

  • Drinking Water Supply
  • Agriculture
  • Industrial
  • Other Applications
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • Tata Power Solar Systems Ltd
  • Shakti Solar Pumping System
  • WENLING JINTAI PUMP FACTORY
  • Lorentz
  • SunEdison Inc
  • CRI Pumps Pvt. Ltd
  • Solar Power & Pump Co LLC
  • Bright Solar Pvt. Ltd
  • Grundfos
  • American West Windmill and Solar Company
  • Dankoff Solar
  • Greenmax Technology
  • others

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