Solar Pumps Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 80 | List of Figures : 140 | No. of Pages : 170 | Report Code : FACT4609MR | Format :

Growing Emphasis on Solar Energy to Fuel Solar Pumps Market Growth

The hazardous effects of carbon emissions on the environment as well as on health is rapidly increasing the demand for products that run on solar energy. Developed nations and growing economies in the Asia-Pacific region have been shifting their focus towards renewable energy sources to reduce energy consumption. This, in turn, is expected to have a positive impact on the growth of solar pumps market. In addition, the governments of several countries are offering various incentive schemes such as subsidies for the installation of solar pumps to promote the use of renewable energy. This is therefore anticipated to create a plethora of opportunities for players operating in the solar pumps market. Solar pumps have zero operational costs coupled with higher efficiency and longer lifespan as compared to conventional pumps which in turn is prompting consumers to invest in solar pumps. In Fact. MR’s report, it is estimated that the solar pumps market will account for US $ ~1.1 Bn in 2019 in terms of value and is anticipated to grow at a robust CAGR of 11.8% by the end of the forecast period 2019-2029.

Submersible Pumps to Acquire Majority Chunk of the Global Solar Pumps Market

The alternating current (AC) submersible pumps are specially designed to pump groundwater from boreholes or deeper wells, where surface pumps cannot be utilized. Owing to its high efficiency, productivity and low maintenance cost in the agriculture sector, the submersible solar pumps are definitely more in demand as compared to surface pumps. The submersible solar pumps segment is projected to create an absolute $ opportunity of more than US$ ~1.6 billion, and projected to be valued at more than US$ 2.4 billion by the end of the forecast period (2019 – 2029), predicts the report recently published by Fact.MR.

solar pumps market 02

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South Asia Set to Offer Lucrative Opportunities

The governments in South Asian countries are offering various subsidy schemes to help individuals and organizations in procuring these solar energy systems at reduced capital cost. For instance, in India, Ministry of New and Renewable Energy (MNRE) and the National Bank of Agriculture and Rural Development (NABARD) offer capital subsidies. Due to the high operating costs of diesel motors, South Asia is expected to witness substantial growth in the market owing to the operational efficiency and longer life span of the solar pumps. India and ASEAN countries are pegged to be prominent markets for solar pumps owing to the high demand from agriculture sector. Collectively, India and ASEAN countries are expected to account for nearly 90% of the total absolute $ opportunity in the market during the assessment period.

solar pumps market 01

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Product Launch and Expansion to Remain Key Agenda of Market Players

Prominent players are setting a new benchmark by expanding their product offerings in terms of higher efficiency and expanding their market presence to better serve the needs of consumers.

  • In 2019, the KSB SE & Co. KGaA extended its product portfolio by introducing submersible borehole pumps. New sizes developed by the company have a diameter of up to 50 inches
  • In 2019, Stanley Black & Decker have launched Stanley Earth, an energy efficient, solar-powered water pump for the farming sector.
  • In 2019, SunTech Drive LLC announced that the company has a strategic partnership agreement with Pentair in which Pentair will deliver new Pentair Pentek solar drives powered by SunTech technology.

Global Solar Pumps Market - Scope of the Report

Fact.MR recently published a market study on the global market for solar pumps. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the solar pumps market structure. The market study presents exclusive information about how the solar pumps market will grow during the forecast period of 2019-2029.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the solar pumps market in the forecast period.

The study is relevant for stakeholders in the solar pumps market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the solar pumps market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the solar pumps market. It also offers actionable insights based on future trends in the solar pumps market. Furthermore, small businesses and new entrants in the solar pumps market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Solar Pumps Market

Fact.MR’s study on the solar pumps market offers information divided into four key segments— type, capacity, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Type

Capacity

Application

Region

  • Submersible
    • Alternating Current (AC)
    • Direct Current (DC)
  • Below 4 HP
  • Farming
    • Irrigation
    • Livestock
    • Aquaculture
  • North America
  • Surface
    • Alternating Current (AC)
    • Direct Current (DC)
  • 4-6 HP
  • Residential
    • Building
    • Drinking
  • Latin America

 

  • 6-8 HP
  • Commercial
    • Swimming Pool
    • Pond Management
  • Europe
 
  • Above 8 HP
  • National Parks
  • South Asia
   
  • Industry Water Treatment
  • East Asia

 

   
  • Oceania

 

   
  • Middle East & Africa (MEA)

Key Questions Answered in Fact.MR’s Solar Pumps Market Report

  • Which regions will continue to remain the most profitable regional markets for solar pumps market players?
  • Which factors will induce a change in the demand for solar pumps during the assessment period?
  • How will changing trends impact the solar pumps market?
  • How can market players capture the low-hanging opportunities in the solar pumps market in developed regions?
  • Which companies are leading the solar pumps market?
  • What are the winning strategies of stakeholders in the solar pumps market to upscale their position in this landscape?

Solar Pumps Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the solar pumps market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the solar pumps market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Executive Summary

    1.1. Overview

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Product Lifecycle

    1.5. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition 

        2.2.1.  Market Definition By Type

        2.2.2.  Market Definition By Application

3. Key Market Trends

4. Key Success Factors

5. Solar Pumps Market Volume (Units) Analysis 2014-2018 and Forecast 2019-2029

    5.1. Global Solar Pumps Market Historical Volume (Units) Analysis, 2014-2018

    5.2. Global Solar Pumps Market Volume (Units) Forecast 2019-2029

6. Pricing Analysis

    6.1. Pricing Analysis by Capacity (US$/Unit), 2018

    6.2. Market Volume Share (2018A) by Capacity (US$/Unit), 2018

    6.3. Current Market Size (US$ Mn) and Volume Forecast By Capacity, 2019 – 2029

7. Solar Pumps Market Volume (Units) Analysis 2014-2018 and Forecast 2019-2029

    7.1. Global Solar Pumps Market Value (US$ Mn) Analysis, 2014-2029

    7.2. Global Solar Pumps Market Absolute $ Opportunity 2014-2029

8. Market Background

    8.1. PV Water Pump System Outlook

    8.2. Macro-economic Factors

        8.2.1. Global Industry Scenario 

        8.2.2. Global Solar Energy Consumption-Regional Outlook

        8.2.3. Renewable Energy Growth Trends

        8.2.4. Solar Installed Capacity & Investment Trends

        8.2.5. Solar Energy Electricity Installed Capacity & Generation Trends

        8.2.6. Agriculture Outlook

        8.2.7. Comparative Cost Analysis for Different Pumps

        8.2.8. Solar Pump Market: Value Chain

    8.3. Market Dynamics

        8.3.1. Market Drivers

        8.3.2. Market Restraints

        8.3.3. Market Opportunities Analysis

        8.3.4. Forecast Factors –Relevance & Impact

        8.3.5. Competition Developments

9. Solar Pumps Market Analysis 2014–2018 and Forecast 2019–2029 By Capacity

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Capacity, 2014 - 2018

    9.3. Current Market Size (US$ Mn) and Volume Forecast By Capacity, 2019 - 2029

        9.3.1. Below 4 HP

        9.3.2. 4-6 HP

        9.3.3. 6-8 HP

        9.3.4. Above 8 HP

    9.4. Market Attractiveness Analysis By Capacity

10. Solar Pumps Market Analysis 2014–2018 and Forecast 2019–2029 By Product Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2014 - 2018

    10.3. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2019 - 2029

        10.3.1. Submersible

        10.3.2. Surface

    10.4. Market Attractiveness Analysis By Product Type

11. Solar Pumps Market Analysis 2014–2018 and Forecast 2019–2029 By Application

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014 - 2018

    11.3. Current Market Size (US$ Mn) and Volume Forecast By Application, 2019 – 2029

        11.3.1. Farming

            11.3.1.1. Irrigation

            11.3.1.2. Livestock

            11.3.1.3. Aquaculture

        11.3.2. Residential

            11.3.2.1. Building

            11.3.2.2. Drinking

        11.3.3. Commercial

            11.3.3.1. Swimming Pool

            11.3.3.2. Pond Management

        11.3.4. National Parks

        11.3.5. Industry Water Treatment

    11.4. Market Attractiveness Analysis By Application

12. Solar Pumps Market Analysis 2014–2018 and Forecast 2019–2029 By Region

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014 - 2018

    12.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2019 - 2029

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. South Asia

        12.3.5. East Asia

        12.3.6. Oceania

        12.3.7. MEA

13. North America Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        13.4.1. By Country

            13.4.1.1. U.S.

            13.4.1.2. Canada

        13.4.2. By Capacity

        13.4.3. By Product Type

        13.4.4. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Capacity

        13.5.3. By Product Type

        13.5.4. By Application

14. Latin America Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Capacity

        14.4.3. By Product Type

        14.4.4. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Capacity

        14.5.3. By Product Type

        14.5.4. By Application

15. Europe Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. U.K.

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Rest of Europe

        15.4.2. By Capacity

        15.4.3. By Product Type

        15.4.4. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Capacity

        15.5.3. By Product Type

        15.5.4. By Application

16. South Asia Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029 

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        16.4.1. By Country

            16.4.1.1. India

            16.4.1.2. ASEAN

            16.4.1.3. Bangladesh

            16.4.1.4. Rest of South Asia

        16.4.2. By Capacity

        16.4.3. By Product Type

        16.4.4. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Capacity

        16.5.3. By Product Type

        16.5.4. By Application

17. Oceania Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        17.4.1. By Country

            17.4.1.1. Australia

            17.4.1.2. New Zealand

        17.4.2. By Capacity

        17.4.3. By Product Type

        17.4.4. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Capacity

        17.5.3. By Product Type

        17.5.4. By Application

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. East Asia Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        18.4.1. By Country

            18.4.1.1. China

            18.4.1.2. Japan

            18.4.1.3. South Korea

        18.4.2. By Capacity

        18.4.3. By Product Type

        18.4.4. By Application

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Capacity

        18.5.3. By Product Type

        18.5.4. By Application

19. Middle East and Africa Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        19.4.1. By Country

            19.4.1.1. GCC Countries

            19.4.1.2. Morocco

            19.4.1.3. Kenya

            19.4.1.4. Ethiopia

            19.4.1.5. South Africa

            19.4.1.6. Rest of Middle East and Africa

        19.4.2. By Capacity

        19.4.3. By Product Type

        19.4.4. By Application

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Capacity

        19.5.3. By Product Type

        19.5.4. By Application

20. Emerging Countries Solar Pump Market Analysis 2014-2018 and Forecast 2019-2029

    20.1. Introduction

        20.1.1. Market Value Proportion Analysis, By Key Countries

        20.1.2. Global Vs. Country (India, Morocco & Ethiopia) Growth Comparison

21. Market Structure Analysis

22. Competition Analysis

    22.1. Market Structure & Share Analysis

    22.2. Product Mapping By Market Taxonomy

    22.3. Competition Dashboard

    22.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

        22.4.1. KSB SE & Co. KGaA

            22.4.1.1. Overview

            22.4.1.2. Product Portfolio

            22.4.1.3. Production Footprint

            22.4.1.4. Sales Footprint

            22.4.1.5. Strategy

            22.4.1.6. Marketing Strategy

            22.4.1.7. Product Strategy

            22.4.1.8. Channel Strategy

        22.4.2. Kirloskar Brothers Limited

            22.4.2.1. Overview

            22.4.2.2. Product Portfolio

            22.4.2.3. Production Footprint

            22.4.2.4. Sales Footprint

            22.4.2.5. Strategy

            22.4.2.6. Marketing Strategy

            22.4.2.7. Product Strategy

            22.4.2.8. Channel Strategy

        22.4.3. Grundfos

            22.4.3.1. Overview

            22.4.3.2. Product Portfolio

            22.4.3.3. Production Footprint

            22.4.3.4. Sales Footprint

            22.4.3.5. Strategy

            22.4.3.6. Marketing Strategy

            22.4.3.7. Product Strategy

            22.4.3.8. Channel Strategy

        22.4.4. Franklin Electric

            22.4.4.1. Overview

            22.4.4.2. Product Portfolio

            22.4.4.3. Production Footprint

            22.4.4.4. Sales Footprint

            22.4.4.5. Strategy

            22.4.4.6. Marketing Strategy

            22.4.4.7. Product Strategy

            22.4.4.8. Channel Strategy

        22.4.5. BW Solar (Waterboy)

            22.4.5.1. Overview

            22.4.5.2. Product Portfolio

            22.4.5.3. Production Footprint

            22.4.5.4. Sales Footprint

            22.4.5.5. Strategy

            22.4.5.6. Marketing Strategy

            22.4.5.7. Product Strategy

            22.4.5.8. Channel Strategy

        22.4.6. Shakti Pumps (India) Ltd.

            22.4.6.1. Overview

            22.4.6.2. Product Portfolio

            22.4.6.3. Production Footprint

            22.4.6.4. Sales Footprint

            22.4.6.5. Strategy

            22.4.6.6. Marketing Strategy

            22.4.6.7. Product Strategy

            22.4.6.8. Channel Strategy

        22.4.7. Stanley Black & Decker, Inc

            22.4.7.1. Overview

            22.4.7.2. Product Portfolio

            22.4.7.3. Production Footprint

            22.4.7.4. Sales Footprint

            22.4.7.5. Strategy

            22.4.7.6. Marketing Strategy

            22.4.7.7. Product Strategy

            22.4.7.8. Channel Strategy

        22.4.8. Glynncorp Electrical

            22.4.8.1. Overview

            22.4.8.2. Product Portfolio

            22.4.8.3. Production Footprint

            22.4.8.4. Sales Footprint

            22.4.8.5. Strategy

            22.4.8.6. Marketing Strategy

            22.4.8.7. Product Strategy

            22.4.8.8. Channel Strategy

        22.4.9. Bernt Lorentz GmbH & Co. KG

            22.4.9.1. Overview

            22.4.9.2. Product Portfolio

            22.4.9.3. Production Footprint

            22.4.9.4. Sales Footprint

            22.4.9.5. Strategy

            22.4.9.6. Marketing Strategy

            22.4.9.7. Product Strategy

            22.4.9.8. Channel Strategy

        22.4.10. C.R.I. Pumps Private Limited

            22.4.10.1. Overview

            22.4.10.2. Product Portfolio

            22.4.10.3. Production Footprint

            22.4.10.4. Sales Footprint

            22.4.10.5. Strategy

            22.4.10.6. Marketing Strategy

            22.4.10.7. Product Strategy

            22.4.10.8. Channel Strategy

        22.4.11. Mono Pumps (NOV)

            22.4.11.1. Overview

            22.4.11.2. Product Portfolio

            22.4.11.3. Production Footprint

            22.4.11.4. Sales Footprint

            22.4.11.5. Strategy

            22.4.11.6. Marketing Strategy

            22.4.11.7. Product Strategy

            22.4.11.8. Channel Strategy

        22.4.12. Solar Mill

            22.4.12.1. Overview

            22.4.12.2. Product Portfolio

            22.4.12.3. Production Footprint

            22.4.12.4. Sales Footprint

            22.4.12.5. Strategy

            22.4.12.6. Marketing Strategy

            22.4.12.7. Product Strategy

            22.4.12.8. Channel Strategy

23. Assumptions & Acronyms Used

24. Old vs Revised Forecast

25. Research Methodology

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Solar Pumps Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029