Global Solar Pumps Market: Industry analysis and Forecast 2020-2027 By Product, Application and Region.



Global Solar Pumps Market to grow at 29.54 % CAGR during the forecast period.



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Increasing dependency on renewable energy based products drives solar pumps market over the forecast period. Increasing government subsidies to install solar pumps is further expected to propel the market growth over the forecast period. Stringent government regulations to reduce carbon footprints are expected to accelerate solar pumps market growth. However, high initial cost compared to conventional diesel pumps poses a key challenge for market players.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

DC surface suction is the leading product for solar pumps and accounted for three fourth of total solar pumps market in 2017. Increasing drip irrigation activities particularly in emerging economies of Asia Pacific is expected to drive solar powered DC suction pumps over the forecast period. While AC submersible pumps is foreseen to witness the highest growth rate over the forecast period. Escalating demand for greater efficiency solar pumps particularly in emerging economies of India is predicted to drive the demand for AC submersible pumps during the forecast period. AC submersible pumps are especially designed to pump groundwater from deeper wells or boreholes where DC suction pumps cannot be utilized.

Agriculture is dominant application segment of solar pumps and will remain dominant throughout the forecast. Increase in agricultural activities across globe coupled with water required for irrigation drives the agriculture application segment. Clean and continuous water supply is essential to remote place of various regions where electricity supply is a problem and operating diesel pumps is expensive.

Asia Pacific region is foremost in solar pump market with two third share of total market volume in 2017. Increasing agricultural activities coupled with government subsidies in the form of financial incentives to drive solar pumps market in Asia Pacific. Countries in this region such as China, India, Bangladesh, and Pakistan are major agricultural regions with plentiful availability of solar energy. The swing in trend towards reducing dependency on importing fossil fuels in the form of diesel and butane for their primary need for energy to generate electricity for agriculture and drinking water.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding solar pump market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in solar pump market.

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Global Solar Pumps Market, By Product:

• DC Surface Suction
• AC Submersible
• DC Submersible
• AC Floating

Global Solar Pumps Market, By Application:

• Agriculture
• Drinking Water

Global Solar Pumps Market, By Region:

• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa

Key Player analyzed in the report for Global Solar Pumps Market:

• PM Pumpmakers GmbH
• Mono
• Megawatt New Energy
• Solar Online
• Dankoff Solar Pumps
• Lorentz Technology
• Polysolar
• Franklin Electric
• Tata Power Solar
• Greenmax Technololgy
• Sun Pumps
• Shenzhen Sacred
• Bodisun New Energy
• Sun Edison
• Jain Irrigation
• Shakti Pump
• CRI Pumps
• Tata Power Solar
• Kirloaskar Brothers
• Schnieder Electric
• Grundfos
• Bernt Lorentz GmbH & Co. KG
• Claro Energy Private Limited
• Waaree Energies Ltd.
• Zhejiang Taifu Pump Company Ltd.
• Yozeal New Energy Technology Co.,Ltd
• PM Pump Makers GmbH
• Solar Power & Pump Company
• SunEdison
• Rainbow Power Co., Ltd.
• Wenling Jintai Pump Factory
• American West Windmill & Solar Company
• Bright Solar Water Pumps
• USL
• GrundfoS 





Global Solar pump Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Solar pump Size, by Market Value (US$ Mn) and Market Volume (Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Global Solar pump Market Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators
6. Global Solar pump Market Analysis and Forecast
6.1. Global Solar pump Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Solar pump Market Analysis and Forecast, by Product
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Solar pump Market Value Share Analysis, by Product
7.4. Global Solar pump Market Size (US$ Mn) Forecast, by Product
7.5. Global Solar pump Market Analysis, by Product
7.6. Global Solar pump Market Attractiveness Analysis, by Product

8. Global Solar pump Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Solar pump Market Value Share Analysis, by Application
8.4. Global Solar pump Market Size (US$ Mn) Forecast, by Application
8.5. Global Solar pump Market Analysis, by Application
8.6. Global Solar pump Market Attractiveness Analysis, by Application

9. Global Solar pump Market Analysis, by Region
9.1. Global Solar pump Market Value Share Analysis, by Region
9.2. Global Solar pump Market Size (US$ Mn) Forecast, by Region
9.3. Global Solar pump Market Attractiveness Analysis, by Region

10. North America Solar pump Market Analysis
10.1. Key Findings
10.2. North America Solar pump Market Overview
10.3. North America Solar pump Market Value Share Analysis, by Product
10.4. North America Solar pump Market Forecast, by Product
10.4.1. DC Surface Suction
10.4.2. AC Submersible
10.4.3. DC Submersible
10.4.4. AC Floating
10.5. North America Solar pump Market Value Share Analysis, by Application
10.6. North America Solar pump Market Forecast, by Application
10.6.1. Agriculture
10.6.2. Drinking Water
10.7. North America Solar pump Market Value Share Analysis, by Country
10.8. North America Solar pump Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Solar pump Market Analysis, by Country
10.10. U.S. Solar pump Market Forecast, by Product
10.10.1. DC Surface Suction
10.10.2. AC Submersible
10.10.3. DC Submersible
10.10.4. AC Floating
10.11. U.S. Solar pump Market Forecast, by Application
10.11.1. Agriculture
10.11.2. Drinking Water
10.12. Canada Solar pump Market Forecast, by Product
10.12.1. DC Surface Suction
10.12.2. AC Submersible
10.12.3. DC Submersible
10.12.4. AC Floating
10.13. Canada Solar pump Market Forecast, by Application
10.13.1. Agriculture
10.13.2. Drinking Water
10.14. North America Solar pump Market Attractiveness Analysis
10.14.1. By Product
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Europe Solar pump Market Analysis
11.1. Key Findings
11.2. Europe Solar pump Market Overview
11.3. Europe Solar pump Market Value Share Analysis, by Product
11.4. Europe Solar pump Market Forecast, by Product
11.4.1. DC Surface Suction
11.4.2. AC Submersible
11.4.3. DC Submersible
11.4.4. AC Floating
11.5. Europe Solar pump Market Value Share Analysis, by Application
11.6. Europe Solar pump Market Forecast, by Application
11.6.1. Agriculture
11.6.2. Drinking Water
11.7. Europe Solar pump Market Value Share Analysis, by Country
11.8. Europe Solar pump Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Solar pump Market Analysis, by Country
11.10. Germany Solar pump Market Forecast, by Product
11.10.1. DC Surface Suction
11.10.2. AC Submersible
11.10.3. DC Submersible
11.10.4. AC Floating
11.11. Germany Solar pump Market Forecast, by Application
11.11.1. Agriculture
11.11.2. Drinking Water
11.12. U.K. Solar pump Market Forecast, by Product
11.12.1. DC Surface Suction
11.12.2. AC Submersible
11.12.3. DC Submersible
11.12.4. AC Floating
11.13. U.K. Solar pump Market Forecast, by Application
11.13.1. Agriculture
11.13.2. Drinking Water
11.14. France Solar pump Market Forecast, by Product
11.14.1. DC Surface Suction
11.14.2. AC Submersible
11.14.3. DC Submersible
11.14.4. AC Floating
11.15. France Solar pump Market Forecast, by Application
11.15.1. Agriculture
11.15.2. Drinking Water
11.16. Italy Solar pump Market Forecast, by Product
11.16.1. DC Surface Suction
11.16.2. AC Submersible
11.16.3. DC Submersible
11.16.4. AC Floating
11.17. Italy Solar pump Market Forecast, by Application
11.17.1. Agriculture
11.17.2. Drinking Water
11.18. Spain Solar pump Market Forecast, by Product
11.18.1. DC Surface Suction
11.18.2. AC Submersible
11.18.3. DC Submersible
11.18.4. AC Floating
11.19. Spain Solar pump Market Forecast, by Application
11.19.1. Agriculture
11.19.2. Drinking Water
11.20. Rest of Europe Solar pump Market Forecast, by Product
11.20.1. DC Surface Suction
11.20.2. AC Submersible
11.20.3. DC Submersible
11.20.4. AC Floating
11.21. Rest of Europe Solar pump Market Forecast, by Application
11.21.1. Agriculture
11.21.2. Drinking Water
11.22. Europe Solar pump Market Attractiveness Analysis
11.22.1. By Product
11.22.2. By Application
11.23. PEST Analysis
11.24. Key Trend
11.25. Key Development

12. Asia Pacific Solar pump Market Analysis
12.1. Key Findings
12.2. Asia Pacific Solar pump Market Overview
12.3. Asia Pacific Solar pump Market Value Share Analysis, by Product
12.4. Asia Pacific Solar pump Market Forecast, by Product
12.4.1. DC Surface Suction
12.4.2. AC Submersible
12.4.3. DC Submersible
12.4.4. AC Floating
12.5. Asia Pacific Solar pump Market Value Share Analysis, by Application
12.6. Asia Pacific Solar pump Market Forecast, by Application
12.6.1. Agriculture
12.6.2. Drinking Water
12.7. Asia Pacific Solar pump Market Value Share Analysis, by Country
12.8. Asia Pacific Solar pump Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Solar pump Market Analysis, by Country
12.10. China Solar pump Market Forecast, by Product
12.10.1. DC Surface Suction
12.10.2. AC Submersible
12.10.3. DC Submersible
12.10.4. AC Floating
12.11. China Solar pump Market Forecast, by Application
12.11.1. Agriculture
12.11.2. Drinking Water
12.12. India Solar pump Market Forecast, by Product
12.12.1. DC Surface Suction
12.12.2. AC Submersible
12.12.3. DC Submersible
12.12.4. AC Floating
12.13. India Solar pump Market Forecast, by Application
12.13.1. Agriculture
12.13.2. Drinking Water
12.14. Japan Solar pump Market Forecast, by Product
12.14.1. DC Surface Suction
12.14.2. AC Submersible
12.14.3. DC Submersible
12.14.4. AC Floating
12.15. Japan Solar pump Market Forecast, by Application
12.15.1. Agriculture
12.15.2. Drinking Water
12.16. ASEAN Solar pump Market Forecast, by Product
12.16.1. DC Surface Suction
12.16.2. AC Submersible
12.16.3. DC Submersible
12.16.4. AC Floating
12.17. ASEAN Solar pump Market Forecast, by Application
12.17.1. Agriculture
12.17.2. Drinking Water
12.18. Rest of Asia Pacific Solar pump Market Forecast, by Product
12.18.1. DC Surface Suction
12.18.2. AC Submersible
12.18.3. DC Submersible
12.18.4. AC Floating
12.19. Rest of Asia Pacific Solar pump Market Forecast, by Application
12.19.1. Agriculture
12.19.2. Drinking Water
12.20. Asia Pacific Solar pump Market Attractiveness Analysis
12.20.1. By Product
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trend
12.23. Key Development

13. Middle East & Africa Solar pump Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Solar pump Market Overview
13.3. Middle East & Africa Solar pump Market Value Share Analysis, by Product
13.4. Middle East & Africa Solar pump Market Forecast, by Product
13.4.1. DC Surface Suction
13.4.2. AC Submersible
13.4.3. DC Submersible
13.4.4. AC Floating
13.5. Middle East & Africa Solar pump Market Value Share Analysis, by Application
13.6. Middle East & Africa Solar pump Market Forecast, by Application
13.6.1. Agriculture
13.6.2. Drinking Water
13.7. Middle East & Africa Solar pump Market Value Share Analysis, by Country
13.8. Middle East & Africa Solar pump Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Solar pump Market Analysis, by Country
13.10. GCC Solar pump Market Forecast, by Product
13.10.1. DC Surface Suction
13.10.2. AC Submersible
13.10.3. DC Submersible
13.10.4. AC Floating
13.11. GCC Solar pump Market Forecast, by Application
13.11.1. Agriculture
13.11.2. Drinking Water
13.12. South Africa Solar pump Market Forecast, by Product
13.12.1. DC Surface Suction
13.12.2. AC Submersible
13.12.3. DC Submersible
13.12.4. AC Floating
13.13. South Africa Solar pump Market Forecast, by Application
13.13.1. Agriculture
13.13.2. Drinking Water
13.14. Rest of Middle East & Africa Solar pump Market Forecast, by Product
13.14.1. DC Surface Suction
13.14.2. AC Submersible
13.14.3. DC Submersible
13.14.4. AC Floating
13.15. Rest of Middle East & Africa Solar pump Market Forecast, by Application
13.15.1. Pharmaceuticals
13.15.2. Cosmetics
13.15.3. Food
13.16. Middle East & Africa Solar pump Market Attractiveness Analysis
13.16.1. By Product
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trend
13.19. Key Development

14. South America Solar pump Market Analysis
14.1. Key Findings
14.2. South America Solar pump Market Overview
14.3. South America Solar pump Market Value Share Analysis, by Product
14.4. South America Solar pump Market Forecast, by Product
14.4.1. DC Surface Suction
14.4.2. AC Submersible
14.4.3. DC Submersible
14.4.4. AC Floating
14.5. South America Solar pump Market Value Share Analysis, by Application
14.6. South America Solar pump Market Forecast, by Application
14.6.1. Agriculture
14.6.2. Drinking Water
14.7. South America Solar pump Market Value Share Analysis, by Country
14.8. South America Solar pump Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. Brazil Solar pump Market Forecast, by Product
14.9.1. DC Surface Suction
14.9.2. AC Submersible
14.9.3. DC Submersible
14.9.4. AC Floating
14.10. Brazil Solar pump Market Forecast, by Application
14.10.1. Agriculture
14.10.2. Drinking Water
14.11. Mexico Solar pump Market Forecast, by Product
14.11.1. DC Surface Suction
14.11.2. AC Submersible
14.11.3. DC Submersible
14.11.4. AC Floating
14.12. Mexico Solar pump Market Forecast, by Application
14.12.1. Agriculture
14.12.2. Drinking Water
14.13. Rest of South America Solar pump Market Forecast, by Product
14.13.1. DC Surface Suction
14.13.2. AC Submersible
14.13.3. DC Submersible
14.13.4. AC Floating
14.14. Rest of South America Solar pump Market Forecast, by Application
14.14.1. Agriculture
14.14.2. Drinking Water
14.15. South America Solar pump Market Attractiveness Analysis
14.15.1. By Product
14.15.2. By Application
14.16. PEST Analysis
14.17. Key Trend
14.18. Key Development

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. PM Pump makers GmbH
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Manufacturing Footprint
15.3.2. PM Pumpmakers GmbH
15.3.3. Mono
15.3.4. Megawatt New Energy
15.3.5. Solar Online
15.3.6. Dankoff Solar Pumps
15.3.7. Lorentz Technology
15.3.8. Polysolar
15.3.9. Franklin Electric
15.3.10. Tata Power Solar
15.3.11. Greenmax Technololgy
15.3.12. Sun Pumps
15.3.13. Shenzhen Sacred
15.3.14. Bodisun New Energy
15.3.15. Sun Edison
15.3.16. Jain Irrigation
15.3.17. Shakti Pump
15.3.18. CRI Pumps
15.3.19. Tata Power Solar
15.3.20. Kirloaskar Brothers
15.3.21. Schnieder Electric
15.3.22. Grundfos
15.3.23. Bernt Lorentz GmbH & Co. KG
15.3.24. Claro Energy Private Limited
15.3.25. Waaree Energies Ltd.
15.3.26. Zhejiang Taifu Pump Company Ltd.
15.3.27. Yozeal New Energy Technology Co.,Ltd
15.3.28. PM Pump Makers GmbH
15.3.29. Solar Power & Pump Company
15.3.30. SunEdison
15.3.31. Rainbow Power Co., Ltd.
15.3.32. Wenling Jintai Pump Factory
15.3.33. American West Windmill & Solar Company
15.3.34. Bright Solar Water Pumps
15.3.35. USL
15.3.36. GrundfoS

16. Primary Key Insights
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