Solar Pumps Market
Solar Pumps Market Study by Below 4 HP, 4 to 6 HP, and 6 to 8 HP Capacity for Farming, Residential, Commercial, and National Parks from 2023 to 2033
Analysis of Solar Pumps Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Solar Pumps Market Outlook (2023 to 2033)
Expanding at a stellar CAGR of 12.1%, the global solar pumps market is forecasted to surge from a valuation of US$ 1.5 billion in 2023 to US$ 4.7 billion by the end of 2033.
- Submersible solar pumps are specifically made to pump groundwater from deeper wells or boreholes where surface pumps cannot be used, and these variants currently account for around 60% share of overall sales.
A solar pump, also known as a solar-powered pump, is a mechanism used to pump water using electricity produced by photovoltaic (PV) panels. Since it produces energy using sunshine, it serves as a good substitute for conventional generators that burn fossil fuels to pump water.
Solar pumps can irrigate plants, supply water to animals, or provide drinkable water. In comparison to internal combustion engine-powered pumps, solar-powered pumps require less maintenance and have a minimal environmental impact. The industry for solar pumps will grow as a result of low operating costs and the depletion of fossil fuel supply.
In rural areas with poor electricity penetration, the usage of smart solar pumps can be a boon. Solar pumps have minimum operational costs coupled with higher efficiency and longer lifespan as compared to conventional pumps, which, in turn, is prompting more people to invest in solar pumps. In remote areas, solar water pumps offer an adequate, reliable water supply. However, care should be taken to ensure that the installation of solar water pumps does not increase the usage of groundwater. Solar pump PV technology has many environmental advantages over previous methods.
The hazardous effects of carbon emissions on the environment and health are rapidly increasing the demand for products that run on solar energy. Emerging economies have been shifting their focus towards renewable energy sources to reduce energy consumption.
Governments of several countries are offering various incentive schemes such as subsidies for the installation of solar pumps to promote the use of renewable energy. This is therefore anticipated to create plenty of opportunities for players operating in the solar pumps market.
Solar pumps are increasingly used in remote locations to pull water from reservoirs with the least amount of waste due to the increasing water needed for deep well plumbing and livestock watering applications. In turn, this is fueling market expansion. New developments in solar pumps by key manufacturers through strategic collaborations and the growing awareness of their advantages are supporting market expansion.
| Report Attributes | Details |
|---|---|
| Solar Pumps Market Size (2023) | US$ 1.5 Billion |
| Projected Market Value (2033) | US$ 4.7 Billion |
| Global Market Growth Rate (2023 to 2033) | 12.1% CAGR |
| Market Share of Submersible Solar Pumps (2023) | 60% |
| Key Companies Profiled | SunTech Drive LLC; Advanced Power Inc.; Bernt Lorentz GmbH; Dankoff Solar; Grundfos; BW Solar; Vincent Solar Energy Company; Greenmax Technology; AQUA GROUP |
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Why is Adoption of Solar Pumps Surging across Regions?
“Increasing usage of Solar Pumps to Lower Carbon Emissions”
Solar pumps provide environmental preservation by taking the place of diesel-powered or grid-based devices. During operation, diesel generators release CO2, and grid-based energy is often produced using coal, oil, or natural gas, all of which produce sizable amounts of CO2.
Solar pump systems don't emit any greenhouse gas emissions. Hence, the widespread use of solar pumps can result in a significant reduction in greenhouse gas emissions. The market for solar pumps is expanding globally due to these factors.
“More Initiatives by Governments for Advancements in Renewable Energy Technologies”
Governments around the world are putting more emphasis on the generation of renewable energy to lessen reliance on traditional energy sources. Increased subsidies by governments to farmers, as well as the implementation of strict regulations to reduce carbon footprint, would increase product penetration over the coming years.
Due to limited energy availability, a reliance on rainfall that is significant, and logistical challenges with fuel delivery in remote areas, solar pumps will be in great demand. The continual efforts to improve energy efficiency in industrial facilities have created a positive business environment for the solar pump market. Throughout the forecast period, federal tax incentives, subsidies, and policies that support the advancement of renewable energy technology will have a favorable impact on market growth.
“Growing Need for Alternative Energy Sources”
The need for solar pumps will be driven by growing urbanization. The market for solar pumps is expanding primarily due to the rising need for alternative energy sources. Solar energy is also commonly employed since it is a cheap source of electricity, and contributes to lower energy costs.
Solar pumps would see an increase in demand due to their use in providing portable water and water for crop irrigation. Since solar energy is widely available, the need for solar pumps, particularly for agricultural applications, is anticipated to rise sharply and fuel market expansion.
What is Restraining Global Demand for Solar Pumps?
“Lack of Awareness among Rural Residents Regarding Capabilities of Solar Pumps”
It is anticipated that rising initial investment prices and wide accessibility of electricity pumps will restrain the market growth throughout the projection period. The lack of awareness of solar pumps among rural residents is limiting market expansion. The ability of solar technology to produce electricity is still largely unknown to many farmers and landowners.
It is crucial to remember that incorporating and utilizing solar pumps can present some difficulties. The availability of high-quality goods and services and the financial status of small farmers continue to be major issues in many countries. Moreover, difficulties in everyday operations and maintenance have been brought on by a lack of fundamental understanding of the design and functioning of solar pumps.
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Which Region Provides Optimistic Opportunities for Market Players?
“Increasing Demand for Solar Pumps in Agriculture Sector in Asia Pacific”
- Asia Pacific accounts for 50% share of the global market due to the rising need for solar pumps from the agriculture sector and the increase in building integrated photovoltaic (BIVP) demand.
Solar energy is widely employed in the region to generate electricity for stand-alone power systems and rural electrification.
Country-wise Insights
Which European Country is Likely to Be a Prominent Marketplace?
“Increasing Need for Clean Water Supply in Germany”
Rising environmental awareness, growing demand for solar pumps in home applications, and the increasing need for a clean water supply are the elements driving market growth in Germany. Increased agricultural activities and a water supply for animals are boosting market value in the country.
Why is the United States Exhibiting High Sales of Solar Pumps?
“Rising Installation of PV Panels in the United States”
The market in the United States is projected to expand significantly over the coming years because of the growing demand for renewable energy sources, notably in the agricultural sector. Rapid urbanization, the rising installation of PV panels, and an increase in the local supply of raw materials are boosting market expansion.
- According to the United States Department of Agriculture (USDA), there are more than two million farms in the country, which accounts for around 30% of the country's total land area.
Why is India a Prominent Market for Solar Pump Suppliers?
“Rise in Government Subsidies to Encourage Adoption of Solar Pumps”
Government organizations in India are offering various subsidy schemes to help individuals and organizations in procuring solar energy systems at reduced capital cost.
For instance,
- In India, the Ministry of New and Renewable Energy (MNRE) and the National Bank of Agriculture and Rural Development (NABARD) offer capital subsidies.
Farmers are concentrating on utilizing solar pumps to their fullest potential for irrigation and other agricultural tasks. The considerable growth of the agricultural industry, extensive research and development (R&D) activities, and the launch of more efficient product versions were some of the factors propelling market growth.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Why are Submersible Solar Pumps Highly Preferred?
“Submersible Solar Pumps Popular Due to Their High Efficiency”
Based on type, the market is divided into submersible and surface.
- Submersible solar pumps account for 60% share of the global market.
The provision of drinkable water and irrigation are the two main uses of submersible solar pumps. As these pumps don't generate greenhouse gases, the oil and gas industry is also utilizing them for chemical injection. Owing to their high efficiency, productivity, and low maintenance cost, submersible solar pumps are more in demand as compared to surface pumps.
Submersible solar pump demand is expected to increase throughout the projection period because of the rising need for pumps with improved efficiency, particularly in emerging countries. Submersible solar pumps are also used to dewater mines and deliver domestic water to large residences.
Which Application is Forecast to Gain a Leading Market Share?
“Rise in Agricultural Activities and Need for Irrigation Water Driving Demand for Solar Pumps in Farming”
Solar pumps are used in farming, residential, commercial, national parks, and industry water treatment applications. The demand for solar pumps in farming is expected to increase over the forecast period due to a rise in agricultural operations and the need for irrigation water.
In farming, solar pumps are used for irrigation and desalination. Solar pumps in agriculture can increase profits while reducing operating expenses for farmers. Solar pumps can also assist farms in lowering their carbon footprint.
The global market for solar pumps is being driven by an increase in their use in agriculture. Compared to fossil fuel pumps, solar pumps require less effort and upkeep. These pumps can cut down on the time and work required to irrigate crops.
Competitive Landscape
Technological innovation is a crucial trend that is becoming more popular in the market. Top solar pump manufacturers are creating advanced technologies and focusing on quality control following safety regulations to boost the performance of solar panels and water pump systems.
Prominent players are setting a new benchmark by expanding their product offerings in terms of higher efficiency and expanding their market presence to better serve the needs of consumers. They are focusing on product standards, supply chain management, and pricing trends to maintain their position in the market.
For instance,
- In 2019, KSB SE & Co. KGaA extended its product portfolio by introducing submersible borehole pumps. New sizes developed by the company have a diameter of up to 50 inches.
- In 2022, a unidirectional solar water pump with a grid-tied power generation system was granted a patent by Shakti Pumps Limited, an Indian manufacturer of water pumps and motors. By employing panels and producing extra electricity to feed the grid, the new technique guarantees effective performance.
Key Segments of Solar Pumps Industry Research
-
By Type :
- Submersible
- Alternating Current (AC)
- Direct Current (DC)
- Surface
- Alternating Current (AC)
- Direct Current (DC)
- Submersible
-
By Capacity :
- Below 4 HP
- 4 to 6 HP
- 6 to 8 HP
- Above 8 HP
-
By Application :
- Farming
- Irrigation
- Livestock
- Aquaculture
- Residential
- Buildings
- Drinking
- Commercial
- Swimming Pools
- Pond Management
- National Parks
- Industry Water Treatment
- Farming
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Volume (Units) Analysis 2018 to 2022 and Forecast 2023 to 2033
- 6. Pricing Analysis
- 7. Market Volume (Units) Analysis 2018 to 2022 and Forecast 2023 to 2033
- 8. Market Background
- 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 By Capacity
- 9.1. Below 4 HP
- 9.2. 4-6 HP
- 9.3. 6-8 HP
- 9.4. Above 8 HP
- 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 By Product Type
- 10.1. Submersible
- 10.2. Surface
- 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 By Application
- 11.1. Farming
- 11.1.1. Irrigation
- 11.1.2. Livestock
- 11.1.3. Aquaculture
- 11.2. Residential
- 11.2.1. Building
- 11.2.2. Drinking
- 11.3. Commercial
- 11.3.1. Swimming Pool
- 11.3.2. Pond Management
- 11.4. National Parks
- 11.5. Industry Water Treatment
- 11.1. Farming
- 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. South Asia
- 12.5. East Asia
- 12.6. Oceania
- 12.7. MEA
- 13. North America Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Latin America Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. East Asia Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East and Africa Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Emerging Countries Solar Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. KSB SE & Co. KGaA
- 22.2. Kirloskar Brothers Limited
- 22.3. Grundfos
- 22.4. Franklin Electric
- 22.5. BW Solar (Waterboy)
- 22.6. Shakti Pumps (India) Ltd.
- 22.7. Stanley Black & Decker, Inc
- 22.8. Glynncorp Electrical
- 22.9. Bernt Lorentz GmbH & Co. KG
- 22.10. C.R.I. Pumps Private Limited
- 22.11. Mono Pumps (NOV)
- 22.12. Solar Mill
- 23. Assumptions & Acronyms Used
- 24. Old vs Revised Forecast
- 25. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 2: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 3: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 4: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 5: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 6: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 7: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 8: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 9: Global Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 10: Global Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 11: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 13: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 14: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 15: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 16: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 17: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 18: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 19: North America Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 20: North America Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 22: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 23: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 24: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 28: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 29: Latin America Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 30: Latin America Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 31: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 32: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 33: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 34: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 35: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 36: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 39: Europe Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 40: Europe Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 41: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 42: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 43: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 44: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 45: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 46: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 47: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 48: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 49: South Asia Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 50: South Asia Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 52: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 53: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 54: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 58: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 59: East Asia Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 60: East Asia Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 61: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 62: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 63: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 64: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 65: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 66: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 67: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 68: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 69: Oceania Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 70: Oceania Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
Table 71: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 72: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 73: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2018 to 2022
Table 74: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Type, 2023 to 2033
Table 75: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 76: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 77: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 78: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 79: Middle East & Africa Market Value and Volume Y-o-Y Growth Analysis, 2015 to 2022
Table 80: Middle East & Africa Market Value and Volume Y-o-Y Growth Analysis, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 2: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2015 to 2033
Figure 4: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 5: Global Market Share and BPS Analysis by Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 7: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 8: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Submersible, 2018 to 2033
Figure 9: Global Market Incremental $ Opportunity by Submersible, 2023 to 2033
Figure 10: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Surface, 2018 to 2033
Figure 11: Global Market Incremental $ Opportunity by Surface, 2023 to 2033
Figure 12: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Electric Solar Pumps, 2018 to 2033
Figure 13: Global Market Incremental $ Opportunity by Electric Solar Pumps, 2023 to 2033
Figure 14: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Solar Powered Solar Pumps, 2018 to 2033
Figure 15: Global Market Incremental $ Opportunity by Solar Powered Solar Pumps, 2023 to 2033
Figure 16: Global Market Share and BPS Analysis by Capacity, 2023 & 2033
Figure 17: Global Market Y-o-Y Growth Projections by Capacity, 2023 to 2033
Figure 18: Global Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 19: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Below 4 HP, 2018 to 2033
Figure 20: Global Market Incremental $ Opportunity by Below 4 HP, 2023 to 2033
Figure 21: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 4-6 HP, 2018 to 2033
Figure 22: Global Market Incremental $ Opportunity by 4-6 HP, 2023 to 2033
Figure 23: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 4-6 HP, 2018 to 2033
Figure 24: Global Market Incremental $ Opportunity by 4-6 HP, 2023 to 2033
Figure 25: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Above 8 HP, 2018 to 2033
Figure 26: Global Market Incremental $ Opportunity by Above 8 HP, 2023 to 2033
Figure 27: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 28: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 29: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 30: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Farming, 2018 to 2033
Figure 31: Global Market Incremental $ Opportunity by Farming, 2023 to 2033
Figure 32: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Residential, 2018 to 2033
Figure 33: Global Market Incremental $ Opportunity by Residential, 2023 to 2033
Figure 34: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Commercial, 2018 to 2033
Figure 35: Global Market Incremental $ Opportunity by Commercial, 2023 to 2033
Figure 36: Global Market Value (US$ Mn), Volume (Unit) and Forecast by National Parks, 2018 to 2033
Figure 37: Global Market Incremental $ Opportunity by National Parks, 2023 to 2033
Figure 38: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Industry Water Treatment, 2018 to 2033
Figure 39: Global Market Incremental $ Opportunity by Industry Water Treatment, 2023 to 2033
Figure 40: Global Market Share and BPS Analysis by Region , 2023 & 2033
Figure 41: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 42: Global Market Attractiveness Index by Region, 2023 to 2033
Figure 43: North America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 44: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 45: North America Market Share Analysis by Country, 2023 & 2033
Figure 46: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 47: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 48: North America Market Share Analysis by Type, 2023 & 2033
Figure 49: North America Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 50: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 51: North America Market Share Analysis by Capacity, 2023 & 2033
Figure 52: North America Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 53: North America Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 54: North America Market Share Analysis by Application, 2023 & 2033
Figure 55: North America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 56: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 57: Latin America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 58: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 59: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 60: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 61: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62: Latin America Market Share Analysis by Type, 2023 & 2033
Figure 63: Latin America Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 64: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 65: Latin America Market Share Analysis by Capacity, 2023 & 2033
Figure 66: Latin America Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 67: Latin America Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 68: Latin America Market Share Analysis by Application, 2023 & 2033
Figure 69: Latin America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 70: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 71: Europe Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 72: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 73: Europe Market Share Analysis by Country, 2023 & 2033
Figure 74: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 75: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 76: Europe Market Share Analysis by Type, 2023 & 2033
Figure 77: Europe Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 78: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 79: Europe Market Share Analysis by Capacity, 2023 & 2033
Figure 80: Europe Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 81: Europe Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 82: Europe Market Share Analysis by Application, 2023 & 2033
Figure 83: Europe Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 84: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 85: South Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 86: South Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 87: South Asia Market Share Analysis by Country, 2023 & 2033
Figure 88: South Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 89: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 90: South Asia Market Share Analysis by Type, 2023 & 2033
Figure 91: South Asia Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 92: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 93: South Asia Market Share Analysis by Capacity, 2023 & 2033
Figure 94: South Asia Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 95: South Asia Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 96: South Asia Market Share Analysis by Application, 2023 & 2033
Figure 97: South Asia Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 98: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 99: East Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 100: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 100: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 101: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 102: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: East Asia Market Share Analysis by Type, 2023 & 2033
Figure 105: East Asia Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 106: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 107: East Asia Market Share Analysis by Capacity, 2023 & 2033
Figure 108: East Asia Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 109: East Asia Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 110: East Asia Market Share Analysis by Application, 2023 & 2033
Figure 111: East Asia Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 112: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 113: Oceania Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 114: Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 115: Oceania Market Share Analysis by Country, 2023 & 2033
Figure 116: Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 117: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 118: Oceania Market Share Analysis by Type, 2023 & 2033
Figure 119: Oceania Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 120: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 121: Oceania Market Share Analysis by Capacity, 2023 & 2033
Figure 122: Oceania Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 123: Oceania Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 124: Oceania Market Share Analysis by Application, 2023 & 2033
Figure 125: Oceania Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 126: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 127: Middle East & Africa Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 128: Middle East & Africa Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 129: Middle East & Africa Market Share Analysis by Country, 2023 & 2033
Figure 130: Middle East & Africa Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 131: Middle East & Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 132: Middle East & Africa Market Share Analysis by Type, 2023 & 2033
Figure 133: Middle East & Africa Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 134: Middle East & Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 135: Middle East & Africa Market Share Analysis by Capacity, 2023 & 2033
Figure 136: Middle East & Africa Market Y-o-Y Growth Projection by Capacity, 2023 to 2033
Figure 137: Middle East & Africa Market Attractiveness Analysis by Capacity, 2023 to 2033
Figure 138: Middle East & Africa Market Share Analysis by Application, 2023 & 2033
Figure 139: Middle East & Africa Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 140: Middle East & Africa Market Attractiveness Analysis by Application, 2023 to 2033
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- FAQs -
What is the estimated CAGR for the solar pumps market?
Worldwide demand for solar pumps is set to increase at a prolific CAGR of 12.1% through 2033.
What is the anticipated value of the solar pumps market for 2033?
The global solar pumps market is predicted to reach US$ 4.7 billion by 2033.
What is driving the demand for solar pumps?
Rising need for clean and renewable energy sources and government subsidies for installing solar pumps are boosting market growth.
Which is the most dominant region in the global market?
Asia Pacific accounts for 50% sales of solar pumps.
Who are the prominent suppliers of solar pumps?
SunTech Drive LLC, Advanced Power Inc., and Bernt Lorentz GmbH are some of the leading solar pump providers.
Solar Pumps Market