Solar Pumps Market by Product and Application - Global Industry Analysis and Forecast to 2023

Published On : February 2018 Pages : 100 Category: Energy Report Code : EM02593

Industry Trend Analysis

The global Solar Pumps Market has encountered significant development in the recent years and is foreseen to witness tremendous growth in the following years. Rising agricultural activities along with water pumping for irrigation derived from renewable energy is anticipated to fuel the global solar pumps market during the forecast years. Nations such as India, China, Bangladesh, Namibia, Pakistan, Nigeria, Morocco, and Kenya have set objectives to trim down fossil fuel imports as well as gain fiscally from it. These areas have plentiful solar energy supply with an immense renewable energy exploration potential. This factor is anticipated to boost global solar pump industry growth during the forecast years. Solar pumps are mainly utilized for drinking water and irrigation purposes. They are utilized in rural and remote areas where off-grid energy in the electricity form is not offered. Utilization of solar energy to propel pumps cuts down the working cost, which is mostly consumed in the diesel form. Strict government regulations to trim down carbon footprints into the environment are predicted to boost the growth of the solar pumps market during the next few years. Solar energy utilized for water pumps does not produce any carbon footprints into the environment and renders a clean energy source. Though, elevated initial cost relative to traditional diesel pumps is anticipated to remain a major challenge for industry participants.

Product Outlook and Trend Analysis

In 2014, DC suction came out as the major product for solar pumps and reported for around 80% of overall solar pumps market. Rising drip irrigation activities, especially in developing countries of the Middle East & Africa and Asia Pacific, is anticipated to propel solar powered DC suction pumps during the forecast years. AC submersible pumps are anticipated to experience the major growth rate throughout the projected period. Rising demand for advanced efficiency solar pumps especially in emerging countries like Bangladesh and India is projected to fuel the demand for AC submersible pumps during the forecast years. AC submersible pumps are specifically designed to impel groundwater from deeper boreholes or wells where DC suction pumps cannot be employed.

Application Outlook and Trend Analysis

In 2014, agriculture segment was the ruled application section of solar pumps and reported for 60% of the global solar pumps industry. The global rise in agricultural activities along with water needed for irrigation is projected to fuel solar pumps industry for this application segment. Government grants to solar pump manufacturers and farmers especially in developing countries of Asia Pacific region are anticipated to fuel the growth of the global solar pump market during the next few years for agricultural application. Continuous and clean water supply is essential to a remote place of diverse regions where the supply of electricity is an issue and using diesel pumps turns out to be costly. This factor is projected to boost the global solar pumps market during the forecast period since these places have immense prospective to explore renewable energy in the solar form.

Regional Outlook and Trend Analysis

In 2013, Asia Pacific region came out as the leading regional solar pump market and reported for around 30% of overall market volume. Rising government grants and a decline in import of fossil fuel for farming activities is anticipated to boost solar pump market in the region during the forecast years. Growing agricultural activities along with increasing government grants in the financial incentives form are estimated to fuel the growth of the solar pumps market across Asia Pacific region. Economies in this region like India, China, Pakistan, and Bangladesh are key agricultural regions with plentiful solar energy availability. Africa &The Middle East are also experiencing considerable growth during the forecast years. The modification in the trend towards abbreviating dependency on fossil fuels importing in the butane and diesel form for their main requirement for energy to produce electricity for drinking water and agriculture.

Competitive Outlook and Trend Analysis

Global solar pumps industry is ruled by major international organizations which have an existence over the value chain. The major market players in the global solar pumps market are Lorentz, SunEdison, Grundfos, USL, Bright Solar, CRI Pumps, TATA Power Solar Systems Ltd., and Shakti Pumps among others.

The global solar pumps market is segmented as follows –

By Product

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

 By Application

  • Agriculture
  • Drinking Water

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

· What was the market size in 2014 and forecast from 2015 to 2023?

· What will be the industry market growth from 2015 to 2023?

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

· What are the major segments leading the market growth and why?

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Solar Pumps Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
    • DC Surface Suction
    • AC Submersible
    • DC Submersible
    • AC Floating
  • Solar Pumps Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
    • Agriculture
    • Drinking Water
  • Solar Pumps Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Solar Pumps Market, By Country
  • North America Solar Pumps Market, By Product
  • North America Solar Pumps Market, By Application
    • U.S. Solar Pumps Market, By Product
    • U.S. Solar Pumps Market, By Application
    • Canada Solar Pumps Market, By Product
    • Canada Solar Pumps Market, By Application
    • Mexico Solar Pumps Market, By Product
    • Mexico Solar Pumps Market, By Application
    • Europe
  • Europe Solar Pumps Market, By Country
  • Europe Solar Pumps Market, By Product
  • Europe Solar Pumps Market, By Application
    • Germany Solar Pumps Market, By Product
    • Germany Solar Pumps Market, By Application
    • France Solar Pumps Market, By Product
    • France Solar Pumps Market, By Application
    • UK Solar Pumps Market, By Product
    • UK Solar Pumps Market, By Application
    • Italy Solar Pumps Market, By Product
    • Italy Solar Pumps Market, By Application
    • Spain Solar Pumps Market, By Product
    • Spain Solar Pumps Market, By Application
    • Rest of Europe Solar Pumps Market, By Product
    • Rest of Europe Solar Pumps Market, By Application
    • Asia-Pacific
      • Asia-Pacific Solar Pumps Market, By Country
      • Asia-Pacific Solar Pumps Market, By Product
      • Asia-Pacific Solar Pumps Market, By Application
        • Japan Solar Pumps Market, By Product
        • Japan Solar Pumps Market, By Application
        • Australia Solar Pumps Market, By Product
        • Australia Solar Pumps Market, By Application
        • India Solar Pumps Market, By Product
        • India Solar Pumps Market, By Application
        • South Korea Solar Pumps Market, By Product
        • South Korea Solar Pumps Market, By Application
        • Rest of Asia-Pacific Solar Pumps Market, By Product
        • Rest of Asia-Pacific Solar Pumps Market, By Application
    • Rest of the World
      • Rest of the World Solar Pumps Market, By Country
      • Rest of the World Solar Pumps Market, By Product
      • Rest of the World Solar Pumps Market, By Application
        • Brazil Solar Pumps Market, By Product
        • Brazil Solar Pumps Market, By Application
        • South Africa Solar Pumps Market, By Product
        • South Africa Solar Pumps Market, By Application
        • Saudi Arabia Solar Pumps Market, By Product
        • Saudi Arabia Solar Pumps Market, By Application
        • Turkey Solar Pumps Market, By Product
        • Turkey Solar Pumps Market, By Application
        • United Arab Emirates Solar Pumps Market, By Product
        • United Arab Emirates Solar Pumps Market, By Application
        • Others Solar Pumps Market, By Product
        • Others Solar Pumps Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increasing Agricultural Activities in Developing Markets

3.2.1.2.    Shift Towards Replacing Conventional Diesel Pumps

3.2.2.  Restraints

3.2.2.1.    High Initial Cost

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Solar Pumps Market, By Product

4.1.       Introduction

4.2.       Global Solar Pumps Sales, Revenue and Market Share by Product (2014-2017)

4.2.1.  Global Solar Pumps Sales and Sales Share by Product (2014-2017)

4.2.2.  Global Solar Pumps Revenue and Revenue Share by Product (2014-2017)

4.3.       Solar Pumps Market Assessment and Forecast, By Product, 2014-2023

4.4.       DC Surface Suction

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.5.       AC Submersible

4.5.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.6.       DC Submersible

4.6.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.7.       AC Floating

4.7.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.       Solar Pumps Market, By Application

5.1.       Introduction

5.2.       Global Solar Pumps Sales, Revenue and Market Share by Application (2014-2017)

5.2.1.  Global Solar Pumps Sales and Sales Share by Application (2014-2017)

5.2.2.  Global Solar Pumps Revenue and Revenue Share by Application (2014-2017)

5.3.       The Solar Pumps Market Assessment and Forecast, By Application, 2014-2023

5.4.       Agriculture

5.4.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.5.       Drinking Water

5.5.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

6.       Solar Pumps Market, By Region

6.1.       Introduction

6.2.       Solar Pumps Market Assessment and Forecast, By Region, 2014-2023 ($Million)

6.3.       Global Solar Pumps Sales, Revenue and Market Share by Regions

6.3.1.  Global Solar Pumps Sales by Regions (2014-2017)

6.3.2.  Global Solar Pumps Revenue by Regions (2014-2017)

6.4.       North America

6.4.1.  North America Solar Pumps Sales and Growth Rate (2014-2017)

6.4.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.4.3.  Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.4.4.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.4.5.  U.S.

6.4.5.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.4.5.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.4.6.  Canada

6.4.6.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.4.6.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.4.7.  Mexico

6.4.7.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.4.7.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.       Europe

6.5.1.  Europe Solar Pumps Sales and Growth Rate (2014-2017)

6.5.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.5.3.  Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.4.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.5.  Germany

6.5.5.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.5.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.6.  France

6.5.6.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.6.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.7.  UK

6.5.7.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.7.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.8.  Italy

6.5.8.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.8.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.9.  Spain

6.5.9.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.9.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.5.10.      Rest of Europe

6.5.10.1. Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.5.10.2. Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.       Asia-Pacific

6.6.1.  Asia-Pacific Solar Pumps Sales and Growth Rate (2014-2017)

6.6.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.6.3.  Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.4.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.5.  Japan

6.6.5.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.5.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.6.  China

6.6.6.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.6.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.7.  Australia

6.6.7.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.7.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.8.  India

6.6.8.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.8.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.9.  South Korea

6.6.9.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.9.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.6.10.      Rest of Asia-Pacific

6.6.10.1. Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.6.10.2. Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.       Rest of the World

6.7.1.  Rest of the World Solar Pumps Sales and Growth Rate (2014-2017)

6.7.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.7.3.  Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.4.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.5.  Brazil

6.7.5.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.5.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.6.  Turkey

6.7.6.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.6.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.7.  Saudi Arabia

6.7.7.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.7.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.8.  South Africa

6.7.8.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.8.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.9.  United Arab Emirates

6.7.9.1.    Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.9.2.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.7.10.      Others

6.7.10.1. Market Assessment and Forecast, By Product, 2014-2023 ($Million)

6.7.10.2. Market Assessment and Forecast, By Application, 2014-2023 ($Million)

7.       Company Profiles

7.1.       Lorentz

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Solar Pumps Sales, Revenue and Market Share

7.2.       CRI Group

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Solar Pumps Sales, Revenue and Market Share

7.3.       Shakti Solar Pumping System

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Strategic Developments

7.3.4.  Solar Pumps Sales, Revenue and Market Share

7.4.       Tata Power Solar Systems Ltd.

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.4.4.  Solar Pumps Sales, Revenue and Market Share

7.5.       SunEdison

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.5.4.  Solar Pumps Sales, Revenue and Market Share

7.6.       Solar Power & Pump Co., LLC

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.6.4.  Solar Pumps Sales, Revenue and Market Share

7.7.       Rainbow Power Co., Ltd.

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.7.4.  Solar Pumps Sales, Revenue and Market Share

7.8.       Wenling Jintai Pump Factory

7.8.1.  Business Overview

7.8.2.  Product Portfolio

7.8.3.  Strategic Developments

7.8.4.  Solar Pumps Sales, Revenue and Market Share

7.9.       American West Windmill & Solar Company

7.9.1.  Business Overview

7.9.2.  Product Portfolio

7.9.3.  Strategic Developments

7.9.4.  Solar Pumps Sales, Revenue and Market Share

7.10.    Bright Solar Water Pumps

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments

7.10.4.      Solar Pumps Sales, Revenue and Market Share

7.11.    USL

7.11.1.      Business Overview

7.11.2.      Product Portfolio

7.11.3.      Strategic Developments

7.11.4.      Solar Pumps Sales, Revenue and Market Share

8.       Global Solar Pumps Market Competition, by Manufacturer

8.1.       Global Solar Pumps Sales and Market Share by Manufacturer (2016-2017)

8.2.       Global Solar Pumps Revenue and Market Share by Manufacturer (2016-2017)

8.3.       Top 5 Solar Pumps Manufacturer Market Share

8.4.       Market Competition Trend


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Solar Pumps Market.


List of Figures

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

License Type

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