Market Research Logo

Solar Pumps Market Analysis By Product (DC Surface Suction, AC Submersible, DC Submersible And AC Floating), By Application (Agriculture And Drinking Water) And Segment Forecasts To 2022

Solar Pumps Market Analysis By Product (DC Surface Suction, AC Submersible, DC Submersible And AC Floating), By Application (Agriculture And Drinking Water) And Segment Forecasts To 2022

The Global Solar Pumps Market is expected to reach USD 3,639.0 million by 2022, according to a new study by Grand View Research, Inc. Strong shift in trend towards replacing diesel and electric pumps in order to reduce reliance on conventional energy is expected to drive the global solar pumps market. Increasing government support in the form of subsidies and tax benefits particularly in emerging markets of Asia Pacific and Africa is also expected to have a positive influence on the market growth over the forecast period. However, higher upfront investment cost compared to its conventional counterparts is expected to remain a barrier for market participants.

DC surface suction pump was the largest product segment and accounted for 83.4% of the total market volume in 2014. Increasing micro-irrigation activities coupled with continuous & clean drinking water supply in remote places with irregular electric supply is expected to drive this segment over the forecast period. AC submersible pump is expected to witness the highest growth of 40.7% from 2015 to 2022. Increasing adoption of AC submersible pumps particularly in high growth markets such as India and Bangladesh is expected to drive this segment over the next seven years.

Further key findings from the study suggest:

Global solar pumps market was 120,786 units in 2014 and is expected to reach 1,571,028 units by 2022, growing at a CAGR of 38.1% from 2015 to 2022.

Agriculture was the largest application segment and accounted for 62.9% of total market volume in 2014. Agriculture is also expected to witness the fastest growth of 38.5% from 2015 to 2022. Increasing agricultural activities in emerging markets such as India, China, Bangladesh, Morocco and South Africa is expected to drive this segment over the forecast period.

Asia Pacific emerged as the largest regional market and accounted for 33.0% of total market volume in 2014. Asia Pacific is also expected to be the fastest growing regional market for solar pumps. The region is expected to grow at a CAGR of 43.4% from 2015 to 2022. Government support to the farmers in the form of subsidies particularly in China, India and Bangladesh is expected to drive the regional market over the forecast period. Middle East & African solar pumps market is expected to exceed USD 600 million by 2022.

Global solar pumps market is characterized by a mix of both large MNCs and small regional companies. Some major companies operating in the global market include Lorentz, TATA Power Solar Systems Ltd, SunEdison, CRI Group, Bright Solar, USL and Shakti Solar Pumping System.


Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Solar Pumps - Industry Summary & Key Buying Criteria
Chapter 3 Solar Pumps Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Solar Pumps - Value Chain Analysis
3.4 Regulatory/Legislative Framework
3.4.1 U.S.
3.4.2 India
3.4.3 Morocco
3.4.4 Bangladesh
3.5 Technology Outlook
3.5.1 Motor Technology
3.5.2 PV Modules
3.6 Solar pumps market dynamics
3.6.1 Market driver analysis
3.6.1.1 Increasing agricultural activities in developing markets
3.6.1.2 Shift towards replacing conventional diesel pumps
3.6.2 Market restraint analysis
3.6.2.1 High initial cost
3.7 Key Ppportunities - Prioritized
3.8 Industry Analysis - Porter’s
3.9 Solar Pumps - PESTEL Analysis
Chapter 4 Solar Pumps Product Outlook
4.1 Global solar pumps market volume share by product, 2014 & 2022
4.2 DC surface suction solar pumps
4.2.1 Global DC surface suction solar pumps market estimates and forecast, 2012 - 2022
4.2.2 Global DC surface suction solar pumps market estimates and forecast by region, 2012 - 2022
4.2.3 Global DC surface suction solar pump market revenue by region, 2012 - 2022
4.3 AC submersible solar pumps
4.3.1 Global AC submersible solar pumps market estimates and forecast, 2012 - 2022
4.3.2 Global AC submersible solar pumps market estimates and forecast by region, 2012 - 2022
4.3.3 Global AC submersible solar pump market revenue by region, 2012 - 2022
4.4 DC submersible solar pumps
4.4.1 Global DC submersible solar pumps market estimates and forecast, 2012 - 2022
4.4.2 Global DC submersible solar pumps market estimates and forecast by region, 2012 - 2022
4.4.3 Global DC submersible solar pump market revenue by region, 2012 - 2022
4.5 AC floating solar pumps
4.5.1 Global AC floating solar pumps market estimates and forecast, 2012 - 2022
4.5.2 Global AC floating solar pumps market estimates and forecast by region, 2012 - 2022
4.5.3 Global AC floating solar pump market revenue by region, 2012 - 2022
Chapter 5 Solar Pumps Application Outlook
5.1 Global solar pumps market volume share by application, 2014 & 2022
5.2 Agriculture
5.2.1 Global solar pumps market estimates and forecast in agriculture, 2012 - 2022
5.2.2 Global solar pumps market estimates and forecast in agriculture by region, 2012 - 2022
5.2.3 Global solar pump market revenue in agriculture by region, 2012 - 2022
5.3 Drinking water
5.3.1 Global solar pumps market estimates and forecast in drinking water, 2012 - 2022
5.3.2 Global solar pumps market estimates and forecast in drinking water by region, 2012 - 2022
5.3.3 Global solar pump market revenue in drinking water by region, 2012 - 2022
Chapter 6 Solar Pumps Regional Outlook
6.1 Global solar pumps market volume share by region, 2014 & 2022
6.2 North America
6.2.1 North America solar pumps market estimates and forecast, 2012 - 2022
6.2.2 North America solar pumps estimates and forecast by product, 2012 - 2022
6.2.3 North America solar pumps market estimates and forecast by application, 2012 - 2022
6.2.4 U.S.
6.2.4.1 U.S. solar pumps market estimates and forecast, 2012 - 2022,
6.2.4.2 U.S. solar pumps market estimates and forecast by product, 2012 - 2022
6.2.4.3 U.S. solar pumps market estimates and forecast by application, 2012 - 2022
6.3 Europe
6.3.1 Europe solar pumps market estimates and forecast, 2012 - 2022,
6.3.2 Europe solar pumps market estimates and forecast, by product, 2012 - 2022
6.3.3 Europe solar pumps market estimates and forecast by application, 2012 - 2022
6.4 Asia Pacific
6.4.1 Asia Pacific solar pumps market estimates and forecast, 2012 - 2022,
6.4.2 Asia Pacific solar pumps market estimates and forecast, by product, 2012 - 2020
6.4.3 Asia Pacific solar pumps market estimates and forecast by application, 2012 - 2022
6.4.4 China
6.4.4.1 China solar pumps market estimates and forecast, 2012 - 2022
6.4.4.2 China solar pumps market estimates and forecast by product, 2012 - 2022
6.4.4.3 China solar pumps market estimates and forecast by application, 2012 - 2022
6.4.5 India
6.4.5.1 India solar pumps market estimates and forecast, 2012 - 2022,
6.4.5.2 India solar pumps market estimates and forecast by product, 2012 - 2022
6.4.5.3 India solar pumps market estimates and forecast by application, 2012 - 2022
6.5 Central & South America
6.5.1 Central & South America solar pumps market estimates and forecast, 2012 - 2022,
6.5.2 Central & South America solar pumps market estimates and forecast by product, 2012 - 2022
6.5.3 Central & South America solar pumps market estimates and forecast by application, 2012 - 2022
6.6 Middle East & Africa
6.6.1 Middle East & Africa solar pumps market estimates and forecast, 2012 - 2022,
6.6.2 Middle East & Africa solar pumps market estimates and forecast by product, 2012 - 2022
6.6.3 Middle East & Africa solar pumps market estimates and forecast by application, 2012 - 2022
Chapter 7 Competitive Landscape
7.1 Lorentz
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.2 CRI Group
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Shakti Solar Pumping System
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Tata Power Solar Systems Ltd.
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 SunEdison
7.5.1 The Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Solar Power & Pump Co., LLC
7.6.1 The Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.7 Rainbow Power Co., Ltd.
7.7.1 The Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.8 Wenling Jintai Pump Factory
7.8.1 The Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.9 American West Windmill & Solar Company
7.9.1 The Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.10 Bright Solar Water Pumps
7.10.1 The Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.11 USL
7.11.1 The Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.12 Grundfos
7.12.1 The Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.12.4 Strategic Initiatives

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report