Market Research Logo

Global Solar Pumps Market 2016-2020

About Solar Pumps

A solar pump runs on electricity generated by a solar PV array. The overall pump set is attached to the water source; the solar panel converts the solar energy into electricity, thereby operating the motor to pump water. These pumps eliminate the use of conventional fuel sources such as diesel. Also, they prove to be a cost-effective option for pumping water, especially in areas that face water scarcity and electricity shortage. Some of the major types of solar pumps are surface, submersible, and floating. These pumps are becoming more viable as their prices decline with increasing competition in the market. In addition, subsidies offered in various countries have also aided in lowering the costs of these pumps.

Technavio’s analysts forecast the global solar pumps market to grow at a CAGR of 34.03% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar pumps market for 2016-2020. To calculate the market size, the report considers the the demand for solar pumps from different end-users.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bright Solar
  • LORENTZ
  • Shakti Pumps
  • SunEdison
  • Tata Power Solar
Other prominent vendors
  • Conergy
  • CRI Group
  • Dankoff Solar
  • Flowserve
  • Greenmax Technology
  • Grundfos
  • Jain Irrigation Systems
  • USL
Market driver
  • Insufficient power supply in developing countries
  • For a full, detailed list, view our report
Market challenge
  • High initial investment
  • For a full, detailed list, view our report
Market trend
  • Demand for automated pump systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Pumps Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Solar Pumps Market: Bright Solar, LORENTZ, Shakti Pumps, SunEdison, and Tata Power Solar.

Other Prominent Vendors in the market are: Conergy, CRI Group, Dankoff Solar, Flowserve, Greenmax Technology, Grundfos, Jain Irrigation Systems, and USL.

Commenting on the report, an analyst from Technavio’s team said: “The need for increasing agriculture productivity is driving technological developments in the global solar pumps market. Automating these pumps to carry out operations, such as pumping water for irrigation and livestock and fish farming, and ensure domestic water supply is gaining importance worldwide.”

According to the report, developing countries such as China, India, and Bangladesh are taking measures to spread awareness about the benefits of renewable energy such as solar pumps for irrigation purposes. For instance, the Indian government is providing grants and subsidies to the country's farmers to purchase solar water pumping systems. In January 2016, the government announced an investment of $11 billion to set up solar pumps across the country. Such initiatives not only facilitate in reducing the use of conventional energy sources but also help in increasing the market penetration of solar pumps in the developing countries.

Further, the report states that solar pumps have high initial investment and negligible maintenance cost compared to diesel pumps. Diesel pumps involve recurring service and maintenance costs with little initial capital requirement. The high initial cost of solar pumps makes them unaffordable to farmers.

Companies Mentioned

Bright Solar, LORENTZ, Shakti Pumps, SunEdison, Tata Power Solar, Conergy, CRI Group, Dankoff Solar, Flowserve, Greenmax Technology, Grundfos, Jain Irrigation Systems, USL.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global solar pumps market
      • Table Value chain of agriculture solar pumps market
      • Table Global solar pumps market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market segmentation by end-users
      • Table Market segmentation by end-users 2015-2020
    • Global solar pumps market in agriculture industry
      • Table Global solar pumps market in agriculture industry 2015-2020 ($ millions)
    • Global solar pumps market in water management industry
      • Table Global solar pumps market in water management industry 2015-2020 ($ millions)
      • Table Use of solar pumps to pump drinking water
    • Global solar pumps market for other segments
  • Geographical segmentation
    • Market segmentation by geography
      • Table Market segmentation by geography 2015-2020
    • Solar pumps market in APAC
      • Table Solar pumps market in APAC 2015-2020 ($ millions)
    • Solar pumps market in EMEA
      • Table Solar pumps market in EMEA 2015-2020 ($ millions)
      • Table Favorable factors for growth in Morocco's solar pumps market
    • Solar pumps market in the Americas
      • Table Solar pumps market in the Americas 2015-2020 ($ millions)
      • Table US exports and imports of agriculture products 2012-2015 ($ billions)
  • Key leading countries
    • India
    • China
  • Market drivers
    • Insufficient power supply in developing countries
    • Advantages over diesel pumps
      • Table Solar pumps versus diesel pumps
    • Favorable government initiatives in APAC
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High initial investment
    • Low-cost product offerings in developing countries
    • Lack of awareness and other related challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Demand for automated pump systems
    • Emergence of solar-diesel hybrid systems
      • Table Solar-diesel hybrid system with reservoir
    • Demand for green buildings in MENA
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Bright Solar
    • Lorentz
    • Shakti Pumps
    • SunEdison
    • Tata Power Solar
  • Appendix
    • List of abbreviations
  • Explore Technavio

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