Solar Pumps Market: Global Industry Analysis, Size, Share, Growth, Trends & Forecast to 2029

An Incisive, In-depth Analysis on the Solar Pumps Market

This study offers a comprehensive, 360 degree analysis on the Solar Pumps market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Solar Pumps market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Solar Pumps Market - Key Research Findings

The solar pumps market size in 2019 is estimated to be valued at ~US$ 1 Bn.
The solar pumps market is estimated to grow at a CAGR of ~12% during the forecast period of 2019-2029.
Application of solar pumps in farming is expected to gain a noteworthy traction during the forecast period.
In regions, particularly South Asia, the demand for solar pumps is increasing rapidly. In countries, such as India, and ASEAN countries, the demand for solar pumps is rigorously increasing owing to the dropping price of solar panels. Moreover, the increasing dependence on renewable sources of energy; governmental initiatives; and focus on dropping carbon emission levels are some of the major factors boosting the solar pumps market growth momentarily during the forecast period.
Under the farming segment, irrigation is the most procured area of application for solar pumps, owing to the high demand from agriculture activities.
In terms of value share, South Asia is expected to hold a prominent share and CAGR growth, followed by East Asia.
Key market players in the solar pumps market are enhancing their product offerings by solar pumps ranging from varied capacities, such as solar pumps below 4HP and 4HP to 6 HP. Furthermore, acquisitions and collaborations with local market players remains a major trend in the solar pumps market.
Emerging market players in the solar pumpsmarket are enhancing their product offerings by investing in research and development activities.
India, countries in the Rest of MEA region, and China are expected to be the emerging markets in the solar pumps market.
Formation of international alliances by several countries to promote solar energy is another factor driving the market growth.

Factors Shaping the Solar Pumps Market

High Operating Cost of Diesel Motors and Non-reliable Electricity Distribution

One of the biggest cost-consuming task for farmers in India and other agriculture dependent countries is running water pumps using diesel generators, which have high operating costs. There are still many villages, which do not have a wide coverage to the grid electricity. As a result, solar water pump systems are emerging as a superior alternative to save irrigation cost for farmers as well as electrification cost in remote areas for government. Meanwhile, solar panels are becoming less expensive, which has created massive acceptance among end users. In upcoming years, the demand will continuously increase, especially in the agriculture sector owing to the anticipated reduction in cost.
Supportive Government Policies

The solar water pumps market is primarily driven by government supported initiatives and subsidies provided to consumers on the purchase of solar panels. For example, in India, capital subsidies are offered by the central government through the Ministry of New and Renewable Energy (MNRE) and the National Bank of Agriculture and Rural Development (NABARD). Such initiatives by government is supporting the adoption of solar pumps among consumers from the agriculture sector.
Increasing Focus on Low Carbon Emissions

Governments worldwide are actively implementing initiatives to curb the growing carbon emission in an effort to reduce the global warming. Such initiatives have stemmed from the growing dependence on the usage of renewable sources of energy across industries to reduce energy consumption costs and total carbon footprint on the environment. Such initiatives are driving the demand for solar pumps.

Solar Pumps Market Structure Analysis

The solar pumpsmarket is a fairly consolidated market where tier-1 players hold around half of the solar pump market share.
Most of the manufacturers in the solar pumps market are strategically focusing in South Asia. Key market players in the solar pumps market, such as KSB SE & Co. KGaA, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Grundfos, Stanley Black & Decker, Inc., Kirloskar Brothers Limited, Glynncorp Electrical, and Bernt Lorentz GmbH & Co. KG, are focusing on expanding their product lineup by integrating flexibility in solar pumps in the solar pumps market.
Tier-1 players are strengthening their positions in the solar pumps market by offering increased subsidies by tying up with local governments.

Solar Pumps Market Analysis 2019-2029

Future Market Insights has recently published a latest report on the solar pumps market that includes global industry analysis 2014-2018 & forecast 2019-2029, and it offers a comprehensive assessment of the most market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the solar pumps market, growth prospects of the market are obtained with maximum precision.

Market Segmentation

The global solar pumps market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Capacity	By Product Type	By Application	By Region
Below 4 HP 4-6 HP 6-8 HP Above 8 HP	Submersible AC DC Surface AC DC	Farming Irrigation Livestock Aquaculture Residential Building Drinking Commercial Swimming Pool Pond Management National Parks Industry Water Treatment	North America Latin America Europe South Asia East Asia Oceania MEA

Report Chapters

Chapter 01 – Executive Summary

The report commences with the executive summary of the solar pumps market, which includes a summary of the key findings and statistics of the market. It also includes the global market outlook, supply-side as well as demand-side trends, and recommendations, etc.

Chapter 02 – Market Overview

In this chapter, readers can find the definition and detailed taxonomy of the solar pumps market, which will help understand the basic information about the solar pumps market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the solar pumps market report.

Chapter 03 – Key Market Trends

The report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section, along with product innovations and key market development.

Chapter 04 – Key Success Factors

This section includes the key inclusions of the report. It includes key developments of the solar pumps market, strategic collaborations, and long-term partnerships.

Chapter 05 – Global Solar Pumps Market Demand (Volume) Analysis 2014-2018 and Forecast 2019-2029

This section explains the global market volume analysis and forecast for the solar pumps market between the forecast periods of 2014-2029.

Chapter 06 – Global Solar Pumps Market Pricing Analysis

This section highlights the price of solar pumps in several regions throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section.

Chapter 07 – Global Solar Pumps Market Size (Value in US$ Mn) Analysis 2014-2018 and Forecast 2019-2029

This section explains the global market volume analysis and forecast for the solar pumps market between the forecast periods of 2019-2029. This chapter includes the detailed analysis of the historical solar pumps market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2014 – 2018), and an incremental $ opportunity for the forecast period (2019 – 2029).

Chapter 08 – Market Background

This chapter explains the key macro-economic factors that are expected to influence the growth of the solar pumps market over the forecast period. Along with the macroeconomic factors, this section also highlights the opportunity analysis for the solar pumps market. This chapter also highlights the key market dynamics of the solar pumps market, such as drivers, restraints, trends, and opportunities. Moreover, readers will understand the value chain analysis, automotive industry overview, forecast factors, etc.

Chapter 09 – Global Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Capacity

Based on the capacity, the solar pumps market is segmented into below 4 HP, 4-6 HP, 6-8 HP, and above 8 HP. In this chapter, readers can find information about the key trends and developments in the solar pumps market and market attractiveness analysis based on the capacity.

Chapter 10 – Global Industrial Robot Motors Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Robot Type

Based on the robot type, the solar pumps market is segmented into submersible and surface. In this chapter, readers can find information about the key trends and developments in the solar pumps market and market attractiveness analysis based on the robot type.

Chapter 11 – Global Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Application

Based on the application, the solar pumps market is segmented into farming, residential, commercial, national parks, and industry water treatment. In this chapter, readers can find information about the key trends and developments in the solar pumps market and market attractiveness analysis based on the application.

Chapter 12 – Global Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Region

This chapter explains how the solar pumps market will grow across several geographic regions, such as the North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (EMEA).

Chapter 13 – North America Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter includes a detailed analysis of the growth of the North America solar pumps market, along with a country-wise assessment that includes, the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on the technology and countries in North America.

Chapter 14 – Latin America Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Latin America solar pumps market, along with a country-wise assessment that includes Brazil, Mexico, and the Rest of Latin America. Readers can also find regional trends, regulations, and market growth based on the technology and countries in Latin America.

Chapter 15 – Europe Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Europe solar pumps market, along with a country-wise assessment that includes Germany, UK, Spain, France, Italy, BENELUX, and the Rest of Europe. Readers can also find regional trends, regulations, and market growth based on the technology and countries in Europe.

Chapter 16 – South Asia Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 – 2029

India, ASEAN, Bangladesh, and the Rest of South Asia are prominent countries in the South Asia region. India and the ASEAN region, are the prime subjects of assessment to obtain growth prospects of the South Asia solar pumps market in this chapter. Readers can find detailed information about the growth parameters of South Asia, India, and the ASEAN solar pumps market during the forecast period of 2019-2029.

Chapter 17 – East Asia Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter provides information about how the solar pumps market will grow in major countries of East Asia, such as China, Japan, and South Korea during the forecast period of 2019-2029.

Chapter 18 – Oceania Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter provides information about how the solar pumps market will grow in countries of Oceania, such as Australia and New Zealand during the forecast period of 2019-2029.

Chapter 19 – Middle East & Africa (MEA) Solar Pumps Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter provides information about how the solar pumps market will grow in countries of Middle East & Africa (MEA), such as Morocco, Kenya, Ethiopia, GCC Countries, South Africa, and the Rest of MEA during the forecast period of 2019-2029.

Chapter 20 – Market Structure

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the solar pumpsmarket, along with their market presence analysis by region and product portfolio.

Chapter 21 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the solar pumpsmarket, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the solar pumps report are KSB SE & Co. KGaA, Kirloskar Brothers Limited, Grundfos, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Stanley Black & Decker, Inc., Glynncorp Electrical, Bernt Lorentz GmbH & Co. KG, C.R.I. Pumps Private Limited, and Mono Pumps (NOV), Solar Mill, among others.

Chapter 22 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the solar pumps market report.

Chapter 23 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the solar pumps market.

Primary Research :-

Primary research interview with Key Opinion Leaders and other participants were conducted for data collection and validation of the below information: