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Market Research Report

Global Solar Water Pumps Market Size - Segmented by Product (DC Surface Suction, AC Submersible, DC Submersible AC Floating), By End User (Agriculture, Drinking Water Industrial), and Geography - Growth, Trends, and Forecast (2018 - 2023)

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Global Solar Water Pumps Market Size - Segmented by Product (DC Surface Suction, AC Submersible, DC Submersible AC Floating), By End User (Agriculture, Drinking Water Industrial), and Geography - Growth, Trends, and Forecast (2018 - 2023)
Published: July 1, 2018 Content info: 139 Pages
Description

The solar water pump market is estimated to witness a high growth rate during the forecast period, 2018-2023. Solar water pumps are increasingly used in the regions where grid electricity is not available. Use of solar energy to drive the pumps cut down the operating cost, which is majorly consumed in the form of diesel. Also, stringent government regulations to reduce carbon footprints have been one of the major reasons for the increasing adoption of solar water pumps. Government in countries, such as China, India, Bangladesh, Pakistan, Morocco, Kenya, Namibia, and Nigeria have introduced financial subsidies, tax policies, price policies, and funding activities that have driven the solar water pump market. The potential for solar water pump can be identified from the fact that in countries, like Bangladesh, which are heavily dependent on diesel-based water pumps can save 450 million liters of diesel and reduce emissions by one million ton of CO2 annually, if 50,000 solar irrigation pumps are installed.

Government Regulations and Incentives Driving the Solar Water Pumps Market

The installation costs of solar water pumps are usually high and the investment payback period is found to be 4-6 years. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific are expected to drive the solar water pump market in the forecast period. For example. in India where the government has introduced a budget scheme in which the farmer has to pay only 10% cost of solar water pumps. The PV module costs have declined from 62 cents/W in 2015 to 33 cents/W in 2017, and is expected to further decrease with technological advancements in the coming years, and help to reduce the payback period and support the growth of the market.

Asia-Pacific Holds the largest Share in Solar Water Pumps Market

Asia-Pacific has emerged as the one of the largest solar pump market. The massive increase in power consumption in developing countries, such as China and India, with inadequate power generation capacity and grid infrastructure for irrigation and community water supply facilities, solar water pumps have a good chance of replacing the conventional pumps. Increasing awareness of the potential benefits of this technology has compelled a number of countries to accelerate the deployment of solar water pumps. For example, Bangladesh has set a target to deploy 50,000 solar pumps by 2025, India, 100,000 by 2020; and Morocco, 100,000 by 2022.

Bangladesh - A Huge Market Potential

The farmers in Bangladesh had to spend Tk 2,000 for irrigating one third of an acre of land with conventional diesel or electric water pumps every season. The increasing power demand and need for safe drinking water has led to the deployment of solar water pumps in the country. Infrastructure Development Company Ltd. (IDCOL), a financing company in Bangladesh, tried and tested ownership model, wherein microfinance has been used as a tool to enhance rural household's ability to afford capital-intensive solar home systems- is being applied to solar pumping solutions. IDCOL has set itself a target to deploy 50,000 solar irrigation systems by 2025. Under the proposed agreement, IDCOL provides a combination of grant and credit to partner organizations to install and operate pumps.

Key Developments in the Solar Water Pumps Market

January 2018: Lorentz installed a PS1800 C-SJ5-12 system in the village temple and school in Chok Na Sam, Thailand, which provides 30m3 of water per day

Solar Water Pumps Market Major Players

Lorentz

SunEdison Inc.

C. R. I Pumps Pvt Ltd

Solar Power & Pump Company LLC

Tata Power Solar Systems Ltd.

Shakti Pumps (India) Ltd.

Wenling Jintai Pump Factory Limited

Bright Solar Limited

Grundfos

Symtech Solar

Reasons to Purchase Solar Water Pumps Market Report

Current and future solar water pumps market outlook in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter's five forces analysis

The segment that is expected to dominate the market

Regions that are expected to witness fastest growth during the forecast period

Identify the latest developments, market share, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

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Table of Contents
Product Code: 61798

Table of Contents

1. Executive Summary

2. Research Methodology

  • 2.1 Scope of the Report
  • 2.2 Market Definition
  • 2.3 Study Assumptions
  • 2.4 Study Deliveravles
  • 2.5 Research Phases

3. Solar Water Pumps Market Overview

  • 3.1 Introduction
  • 3.2 Market Size and Demand Forecast until 2023
  • 3.3 Import-export Analysis
  • 3.4 Recent Trends and Developments
  • 3.5 Government Policies & Regulations
  • 3.6 Investment Opportunities
  • 3.7 Cost Analysis

4. Market Dynamics

  • 4.1 Solar Water Pumps Market Drivers
  • 4.2 Solar Water Pumps Market Restraints
  • 4.3 Solar Water Pumps Market Opportunities

5. Solar Water Pumps Market Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

  • 6.1 Bargaining Power of Suppliers
  • 6.2 Bargaining Power of Consumers
  • 6.3 Threat of New Entrants
  • 6.4 Threat of Substitute Product and Services
  • 6.5 Intensity of Competitive Rivalry

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)

  • 7.1 Solar Water Pumps Market By Product
    • 7.1.1 DC Surface Suction
    • 7.1.2 AC Submersible
    • 7.1.3 DC Submersible
    • 7.1.4 AC Floating
  • 7.2 Solar Water Pumps Market By End User
    • 7.2.1 Agriculture
    • 7.2.2 Drinking Water
    • 7.2.3 Industrial
    • 7.2.4 Others

8. Solar Water Pumps Market Regional Analysis (Overview, Market Size, and Demand Forecast until 2023)

  • 8.1 North America Solar Water Pumps Market Size (2018-2023)
    • 8.1.1 United States Solar Water Pumps Market Size (2018-2023)
    • 8.1.2 Canada Solar Water Pumps Market Size (2018-2023)
    • 8.1.3 Mexico Solar Water Pumps Market Size (2018-2023)
    • 8.1.4 Rest of North America
  • 8.2 Europe Solar Water Pumps Market Size (2018-2023)
    • 8.2.1 Germany Solar Water Pumps Market Size (2018-2023)
    • 8.2.2 United Kingdom Solar Water Pumps Market Size (2018-2023)
    • 8.2.3 France Solar Water Pumps Market Size (2018-2023)
    • 8.2.4 Spain Solar Water Pumps Market Size (2018-2023)
    • 8.2.5 Denmark Solar Water Pumps Market Size (2018-2023)
    • 8.2.6 Italy Solar Water Pumps Market Size (2018-2023)
    • 8.2.7 Rest of Europe
  • 8.3 South America Solar Water Pumps Market Size (2018-2023)
    • 8.3.1 Brazil Solar Water Pumps Market Size (2018-2023)
    • 8.3.2 Argentina Solar Water Pumps Market Size (2018-2023)
    • 8.3.3 Rest of South America
  • 8.4 Asia-Pacific Solar Water Pumps Market Size (2018-2023)
    • 8.4.1 China Solar Water Pumps Market Size (2018-2023)
    • 8.4.2 India Solar Water Pumps Market Size (2018-2023)
    • 8.4.3 Japan Solar Water Pumps Market Size (2018-2023)
    • 8.4.4 Australia & New Zealand Solar Water Pumps Market Size (2018-2023)
    • 8.4.5 Rest of Asia-Pacific
  • 8.5 Middle East & Africa Solar Water Pumps Market Size (2018-2023)
    • 8.5.1 Saudi Arabia Solar Water Pumps Market Size (2018-2023)
    • 8.5.2 South Africa Solar Water Pumps Market Size (2018-2023)
    • 8.5.3 Rest of Middle East & Africa

9. Solar Water Pumps Market Competitive Landscape

  • 9.1 Mergers and Acquisitions
  • 9.2 Joint Ventures, Collaborations, and Agreements
  • 9.3 Market Share Analysis
  • 9.4 Strategies Adopted by Leading Players

10. Solar Water Pumps Market Key Company Analysis (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)

  • 10.1 Lorentz
  • 10.2 SunEdison, Inc.
  • 10.3 C. R. I. Pumps Private Limited
  • 10.4 Solar Power & Pump Company, LLC
  • 10.5 Tata Power Solar Systems Ltd.
  • 10.6 Shakti Pumps (India) Ltd.
  • 10.7 Wenling Jintai Pump Factory Limited
  • 10.8 Bright Solar Limited
  • 10.9 GRUNDFOS
  • 10.10 Symtech Solar

List not Exhaustive

11. Solar Water Pumps Market Future Outlook

12. Appendix

  • 12.1 Contact Us
  • 12.2 Disclaimer

*Subject to availability on public domain

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