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Solar Water Pumps Market Report and Forecast 2023-2028

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    Report

  • 180 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5897957
According to the report, the global solar water pumps market is supported by the growth of the solar pumps market, which attained a value of USD 1.45 billion in 2022. Aided by the increasing demand for sustainable and efficient water pumping solutions, and the growing emphasis on renewable energy utilisation in agriculture and rural areas, the solar pumps market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 10.5%.

Solar water pumps, which utilise solar energy to power water pumping systems, are proving to be a game-changer for farmers in rural areas as well as for the broader clean water supply mission. These pumps are especially useful in regions with abundant sunshine and limited access to electricity. Apart from agricultural irrigation, they are increasingly being employed for domestic water supply, livestock watering, and even for water treatment applications.

The mounting pressure on water resources due to population growth and climate change has necessitated the search for sustainable irrigation methods, particularly in developing countries. This factor is likely to fuel the solar water pumps market demand in the forecast period. Solar water pumps, which are capable of providing a consistent and clean water supply without the recurring costs of diesel or electricity, are swiftly emerging as the preferred solution for millions of farmers.

Furthermore, the growing global emphasis on renewable energy adoption is driving policy support for solar solutions, including solar water pumps. Governments, international bodies, and NGOs are offering various incentives, including subsidies and grants, for the adoption of solar water pumps, especially in areas that lack access to the grid or where electricity is unreliable.

While the primary market for solar water pumps has historically been agriculture, the technology’s application is broadening. In many developing nations, solar water pumps are increasingly being deployed for rural and isolated community water supply. In addition, the solar water pumps market share is expected to be bolstered by their low operating costs and the sustainability of solar energy make them an attractive solution for governments and NGOs aiming to provide clean water access to every citizen.

Moreover, solar water pumps are finding applications in aquaculture to maintain water quality and in water treatment plants where they help in powering the movement of water through various treatment processes, making them crucial in ensuring the availability of clean and safe water. In this regard, the increasing pollution across urban and rural areas is bolstering the solar water pumps market growth.

Market Segmentation

The market can be divided based on type, current, application, and region.

Market Breakup by Type

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

Market Breakup by Current

  • AC Pumps
  • DC Pumps

Market Breakup by Application

  • Agriculture
  • Drinking Water
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global solar water pumps market.

Some of the major players explored in the report are as follows:

  • Lorentz
  • Tata Power Solar Systems Ltd.
  • Bright Solar Limited
  • Rainbow Power Company Ltd.
  • Grundfos Holding A/S
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Water Pumps Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Water Pumps Historical Market (2018-2022)
8.3 Global Solar Water Pumps Market Forecast (2023-2028)
8.4 Global Solar Water Pumps Market by Type
8.4.1 Surface Pump
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Submersible Pump
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Screw Pump
8.4.2.3.2 Centrifugal Pump
8.4.3 Floating Pump
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Solar Water Pumps Market by Current
8.5.1 AC Pumps
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 DC Pumps
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Solar Water Pumps Market by Application
8.6.1 Agriculture
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Drinking Water
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Solar Water Pumps Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Solar Water Pumps Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Solar Water Pumps Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Solar Water Pumps Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Solar Water Pumps Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Solar Water Pumps Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Lorentz
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Tata Power Solar Systems Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bright Solar Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rainbow Power Company Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Grundfos Holding A/S
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solar Water Pumps Market: Key Industry Highlights, 2018 and 2028
2. Global Solar Water Pumps Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Solar Water Pumps Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Solar Water Pumps Historical Market: Breakup by Current (USD Million), 2018-2022
5. Global Solar Water Pumps Market Forecast: Breakup by Current (USD Million), 2023-2028
6. Global Solar Water Pumps Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Solar Water Pumps Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Solar Water Pumps Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Solar Water Pumps Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Solar Water Pumps Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Solar Water Pumps Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Solar Water Pumps Market Structure

Companies Mentioned

  • Lorentz
  • Tata Power Solar Systems Ltd.
  • Bright Solar Limited
  • Rainbow Power Co. Ltd.
  • Grundfos

Methodology

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Table Information