Global Solar Water Pumps Market By Pump Type (Submersible Pump, Surface Pump), By Application (Residential, Commercial, Industrial, Agricultural Other End-Uses), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Solar water pumps provide a clean alternative to windmills and fuel generators. Solar water pumps use to pump out the water using the energy of the sun. Solar water pumps are usually applicable in remote areas for household usage, and small scale uses. Solar water pumping systems have applications in pump water for crop irrigation and livestock in remote locations. The development in power-efficient pumps and efficient photovoltaics technologies are resulting in improved performance of solar pumps and becoming a preferred choice. These pumps are more economical because the electricity generated by solar energy used to run the pump. Solar water pumps have a variety of pumps concerning the application. These pumps specially designed to utilize DC electric power from photovoltaic modules. These pumps have applications such as transfer pumps, fountain pumps, pool pumps, irrigation pumps, circulation pumps in the pond, and house pumps.

Demand for solar water pumps is increasing in the regions where grid electricity is unavailable and the use of solar energy owing to the lower cost of operation, as compared to consumption diesel. To reduce carbon percentage and pollution, the government has made regulations that lead to increase adoption of the solar water pump. The government in countries, such as India, China, Bangladesh, Morocco, Pakistan, Kenya, Nigeria, and Namibia, are providing tax policies, financial subsidies, funding, and price policy activities that drive the solar water pump market. The solar water pump can save more than 500 million liters of fuel and reduce emissions by a million tons of CO2 yearly on the installation of more than 40,000 solar irrigation pumps. So it creates the opportunity to grow within these countries. The rising need for alternative energy sources has become the primary driving factor for the growth of the solar water pumps market.

Some other factors driving the global solar water pump market are increasing renewable energy generation and a higher infrastructural investment within the developing countries. Growing agricultural activities and subsea operations provides a growth opportunity for the market players operating in the target market. Asia-Pacific registers maximum share in the solar water pumps market owing to increasing industrialization and the need for fulfillment of the electricity used in wastewater treatment and agriculture sectors. It is expected to boost the demand for solar water pumps market in the region. The recent trend witnessed in the target market is the development of photovoltaics for power-efficient solar pumps to improve performance. Solar Water Pumping offers an alternative. Due to recent trends related to research and technological advances has proven to be financially, operationally, and environmentally sustainable. There is a tremendous drop in the value of solar technology. Expenses for the solar panels used in these systems have fallen by up to 80%.  Also, these panels are long lasting for life around 25 years, requiring minimum maintenance throughout this time, and this factor brings a high adoption rate amongst the customers.

European Commission estimates that there is a need of more than 28 billion USD to invest in renewable sources by the government for the next 30 years. It would tend to increase market demand across Europe. This investment would also contain a solar-powered pumping system to accomplish the need of the agriculture sector. It is resulting in growing investment in countries such as the US, China, Italy, India, and across the globe for the installation of solar panels for electricity generation. Rising demand for solar panels will drive the demand for solar water heaters to provide power to wastewater treatment and agriculture. The global solar water pumps market segmented based on product and application. The product segment based on the worldwide market includes submersible pumps and surface pumps. The submersible pumps are expected to lead the market, owing to an increase in subsea operations and deep-water exploration activities.

Global Solar Water Pumps Market Segmentation:

Segmentation by Pump Type

• Submersible Pump
• Surface Pump

Segmentation by End-Use

• Residential
• Commercial
• Industrial
• Agricultural
• Other End-Uses

Segmentation by Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Players

• JNTech
• Symtech Solar
• JISL
• Grundfos
• Lorentz
• Tata Power Solar
• ADA
• Shakti Pumps
• Hanergy
• CRI Group