Market Overview
Solar water pumps are a part of a system consisting of an electrical water pump that is driven by the electricity provided by a setup of PhotoVoltaic (PV) panels. This may be a single panel or an array of many panels connected to each other. The most solar-powered pump system consists of an electric motor that in turn powers a bore or surface pump to draw water from the source, mostly underground. These systems have a dedicated rechargeable battery setup to store the power derived from the panels.
Most variants of solar water pumps are designed for household usage and small scale uses. The development of more efficient photovoltaics and power-efficient pumps have led to the improved performance of these products and have become a preferred choice. The most prominent market driver would be the rising fuel prices that are forcing people to shift to such alternative renewable energy sources. Although there are initial setup costs involved, these require very minimal operational costs and only need timely inspections.
The report on the global solar water pumps market sheds light on the product scope and the current market scenario, along with the market opportunities, factors driving the market and the market risks. Based on the data from the period 2014-2019, complete market analysis has been done. According to the results obtained from the market survey and analysis, for the next five years, the solar water pumps market will register a 9.6% CAGR in terms of revenue with the global market size estimated to reach US$ 1570.4 million by 2024, from US$ 1088.5 million in 2019.
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Key Players :
JNTech
Symtech Solar
JISL
Grundfos
Lorentz
Tata Power Solar
ADA
Shakti Pumps
Hanergy
CRI Group
Dankoff Solar
Greenmax Technology
MNE
Solar Power & Pump
Market Segmentation
In order to understand the structure of the global solar water pumps market, the report does a segment-wise study by identifying its various important subsegments and submarkets. Each of these has been analyzed based on individual growth trends, future prospects, and their contribution to the total market.
The market segments based on the product type are given as:
- DC Surface Suction
- AC Submersible
- DC Submersible
- AC Surface Pumps
Submersible pumps are lowered into the source to push the fluid or water up the piping while surface pumps work on the principle of suction by creating a vacuum pressure.
The major application segments covered here are:
- Agriculture
- Drinking-Water
- Others
Regional Overview
For the region-wise study of the market, the major focus of this report would be to project the consumption of solar water pumps in terms of the submarkets with respect to key regions along with key country-level markets. The regional segments covered are North and South America (the United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), and Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries). Regarding the company segments, this report presents the global market share in terms of the sales and revenue of key companies in this business.
Industry News
Stanley Black & Decker, a leading power tool company, has debuted in the Indian rural scenario with the launch of STANLEY Earth™ with a solar-powered water pump designed for agricultural use. The launch of the new brand for purpose-driven product technologies under its “Innovating with Purpose” as a part of its 2030 CSR strategy, enables reliable, low-cost irrigation for farmers and follows a successful pilot installation.
Table of Contents
Global Solar Water Pumps Market Growth 2019-2024
1 Scope of the Report
2 Executive Summary
3 Global Solar Water Pumps by Manufacturers
4 Solar Water Pumps by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Solar Water Pumps Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
……Continued
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