Solar Pumps Market Analysis By Product (DC Surface Suction, AC Submersible, DC Submersible And AC Floating), By Application (Agriculture And Drinking Water) And Segment Forecasts To 2022

Published: May, 2015 | Pages: 77 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The Global Solar Pumps Market is expected to reach USD 3,639.0 million by 2022, according to a new study by Grand View Research, Inc. Strong shift in trend towards replacing diesel and electric pumps in order to reduce reliance on conventional energy is expected to drive the global solar pumps market. Increasing government support in the form of subsidies and tax benefits particularly in emerging markets of Asia Pacific and Africa is also expected to have a positive influence on the market growth over the forecast period. However, higher upfront investment cost compared to its conventional counterparts is expected to remain a barrier for market participants.

DC surface suction pump was the largest product segment and accounted for 83.4% of the total market volume in 2014. Increasing micro-irrigation activities coupled with continuous & clean drinking water supply in remote places with irregular electric supply is expected to drive this segment over the forecast period. AC submersible pump is expected to witness the highest growth of 40.7% from 2015 to 2022. Increasing adoption of AC submersible pumps particularly in high growth markets such as India and Bangladesh is expected to drive this segment over the next seven years.

Further key findings from the study suggest:

Global solar pumps market was 120,786 units in 2014 and is expected to reach 1,571,028 units by 2022, growing at a CAGR of 38.1% from 2015 to 2022.
Agriculture was the largest application segment and accounted for 62.9% of total market volume in 2014. Agriculture is also expected to witness the fastest growth of 38.5% from 2015 to 2022. Increasing agricultural activities in emerging markets such as India, China, Bangladesh, Morocco and South Africa is expected to drive this segment over the forecast period.
Asia Pacific emerged as the largest regional market and accounted for 33.0% of total market volume in 2014. Asia Pacific is also expected to be the fastest growing regional market for solar pumps. The region is expected to grow at a CAGR of 43.4% from 2015 to 2022. Government support to the farmers in the form of subsidies particularly in China, India and Bangladesh is expected to drive the regional market over the forecast period. Middle East & African solar pumps market is expected to exceed USD 600 million by 2022.
Global solar pumps market is characterized by a mix of both large MNCs and small regional companies. Some major companies operating in the global market include Lorentz, TATA Power Solar Systems Ltd, SunEdison, CRI Group, Bright Solar, USL and Shakti Solar Pumping System.

 Table of Contents
s

Chapter 1 Methodology and Scope
               1.1 Research Methodology
               1.2 Research Scope & Assumptions
               1.3 List of Data Sources
Chapter 2 Executive Summary
               2.1 Solar Pumps - Industry Summary & Key Buying Criteria
Chapter 3 Solar Pumps Industry Outlook
               3.1 Market Segmentation
               3.2 Market Size and Growth Prospects
               3.3 Solar Pumps - Value Chain Analysis
               3.4 Regulatory/Legislative Framework
                  3.4.1 U.S.
                  3.4.2 India
                  3.4.3 Morocco
                  3.4.4 Bangladesh
               3.5 Technology Outlook
                  3.5.1 Motor Technology
                  3.5.2 PV Modules
               3.6 Solar pumps market dynamics
                  3.6.1 Market driver analysis
                     3.6.1.1 Increasing agricultural activities in developing markets
                     3.6.1.2 Shift towards replacing conventional diesel pumps
                  3.6.2 Market restraint analysis
                  3.6.2.1 High initial cost
               3.7 Key Ppportunities - Prioritized
               3.8 Industry Analysis - Porter's
               3.9 Solar Pumps - PESTEL Analysis
Chapter 4 Solar Pumps Product Outlook
               4.1 Global solar pumps market volume share by product, 2014 & 2022
               4.2 DC surface suction solar pumps
                  4.2.1 Global DC surface suction solar pumps market estimates and forecast, 2012 - 2022
                  4.2.2 Global DC surface suction solar pumps market estimates and forecast by region, 2012 - 2022
                  4.2.3 Global DC surface suction solar pump market revenue by region, 2012 - 2022
               4.3 AC submersible solar pumps
                  4.3.1 Global AC submersible solar pumps market estimates and forecast, 2012 - 2022
                  4.3.2 Global AC submersible solar pumps market estimates and forecast by region, 2012 - 2022
                  4.3.3 Global AC submersible solar pump market revenue by region, 2012 - 2022
               4.4 DC submersible solar pumps
                  4.4.1 Global DC submersible solar pumps market estimates and forecast, 2012 - 2022
                  4.4.2 Global DC submersible solar pumps market estimates and forecast by region, 2012 - 2022
                  4.4.3 Global DC submersible solar pump market revenue by region, 2012 - 2022
               4.5 AC floating solar pumps
                  4.5.1 Global AC floating solar pumps market estimates and forecast, 2012 - 2022
                  4.5.2 Global AC floating solar pumps market estimates and forecast by region, 2012 - 2022
                  4.5.3 Global AC floating solar pump market revenue by region, 2012 - 2022
Chapter 5 Solar Pumps Application Outlook
               5.1 Global solar pumps market volume share by application, 2014 & 2022
               5.2 Agriculture
                  5.2.1 Global solar pumps market estimates and forecast in agriculture, 2012 - 2022
                  5.2.2 Global solar pumps market estimates and forecast in agriculture by region, 2012 - 2022
                  5.2.3 Global solar pump market revenue in agriculture by region, 2012 - 2022
               5.3 Drinking water
                  5.3.1 Global solar pumps market estimates and forecast in drinking water, 2012 - 2022
                  5.3.2 Global solar pumps market estimates and forecast in drinking water by region, 2012 - 2022
                  5.3.3 Global solar pump market revenue in drinking water by region, 2012 - 2022
Chapter 6 Solar Pumps Regional Outlook
               6.1 Global solar pumps market volume share by region, 2014 & 2022
               6.2 North America
                  6.2.1 North America solar pumps market estimates and forecast, 2012 - 2022
                  6.2.2 North America solar pumps estimates and forecast by product, 2012 - 2022
                  6.2.3 North America solar pumps market estimates and forecast by application, 2012 - 2022
                  6.2.4 U.S.
                     6.2.4.1 U.S. solar pumps market estimates and forecast, 2012 - 2022,
                     6.2.4.2 U.S. solar pumps market estimates and forecast by product, 2012 - 2022
                     6.2.4.3 U.S. solar pumps market estimates and forecast by application, 2012 - 2022
               6.3 Europe
                  6.3.1 Europe solar pumps market estimates and forecast, 2012 - 2022,
                  6.3.2 Europe solar pumps market estimates and forecast, by product, 2012 - 2022
                  6.3.3 Europe solar pumps market estimates and forecast by application, 2012 - 2022
               6.4 Asia Pacific
                  6.4.1 Asia Pacific solar pumps market estimates and forecast, 2012 - 2022,
                  6.4.2 Asia Pacific solar pumps market estimates and forecast, by product, 2012 - 2020
                  6.4.3 Asia Pacific solar pumps market estimates and forecast by application, 2012 - 2022
                  6.4.4 China
                     6.4.4.1 China solar pumps market estimates and forecast, 2012 - 2022
                     6.4.4.2 China solar pumps market estimates and forecast by product, 2012 - 2022
                     6.4.4.3 China solar pumps market estimates and forecast by application, 2012 - 2022
                  6.4.5 India
                     6.4.5.1 India solar pumps market estimates and forecast, 2012 - 2022,
                     6.4.5.2 India solar pumps market estimates and forecast by product, 2012 - 2022
                     6.4.5.3 India solar pumps market estimates and forecast by application, 2012 - 2022
               6.5 Central & South America
                  6.5.1 Central & South America solar pumps market estimates and forecast, 2012 - 2022,
                  6.5.2 Central & South America solar pumps market estimates and forecast by product, 2012 - 2022
                  6.5.3 Central & South America solar pumps market estimates and forecast by application, 2012 - 2022
               6.6 Middle East & Africa
                  6.6.1 Middle East & Africa solar pumps market estimates and forecast, 2012 - 2022,
                  6.6.2 Middle East & Africa solar pumps market estimates and forecast by product, 2012 - 2022
                  6.6.3 Middle East & Africa solar pumps market estimates and forecast by application, 2012 - 2022
Chapter 7 Competitive Landscape
               7.1 Lorentz
                  7.1.1 Company Overview
                  7.1.2 Financial Performance
                  7.1.3 Product Benchmarking
               7.2 CRI Group
                  7.2.1 Company Overview
                  7.2.2 Financial Performance
                  7.2.3 Product Benchmarking
                  7.2.4 Strategic Initiatives
               7.3 Shakti Solar Pumping System
                  7.3.1 Company Overview
                  7.3.2 Financial Performance
                  7.3.3 Product Benchmarking
                  7.3.4 Strategic Initiatives
               7.4 Tata Power Solar Systems Ltd.
                  7.4.1 Company Overview
                  7.4.2 Financial Performance
                  7.4.3 Product Benchmarking
               7.5 SunEdison
                  7.5.1 The Company Overview
                  7.5.2 Financial Performance
                  7.5.3 Product Benchmarking
                  7.5.4 Strategic Initiatives
               7.6 Solar Power & Pump Co., LLC
                  7.6.1 The Company Overview
                  7.6.2 Financial Performance
                  7.6.3 Product Benchmarking
               7.7 Rainbow Power Co., Ltd.
                  7.7.1 The Company Overview
                  7.7.2 Financial Performance
                  7.7.3 Product Benchmarking
               7.8 Wenling Jintai Pump Factory
                  7.8.1 The Company Overview
                  7.8.2 Financial Performance
                  7.8.3 Product Benchmarking
               7.9 American West Windmill & Solar Company
                  7.9.1 The Company Overview
                  7.9.2 Financial Performance
                  7.9.3 Product Benchmarking
               7.10 Bright Solar Water Pumps
                  7.10.1 The Company Overview
                  7.10.2 Financial Performance
                  7.10.3 Product Benchmarking
               7.11 USL
                  7.11.1 The Company Overview
                  7.11.2 Financial Performance
                  7.11.3 Product Benchmarking
               7.12 Grundfos
                  7.12.1 The Company Overview
                  7.12.2 Financial Performance
                  7.12.3 Product Benchmarking
                  7.12.4 Strategic Initiatives

List of Tables


TABLE 1 Solar Pumps - Industry Summary & Key Buying Criteria
TABLE 2 Global solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 3 Global solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 4 Global solar pumps volume by region, 2012 - 2014, (Units)
TABLE 5 Global solar pumps volume by region, 2015 - 2022, (Units)
TABLE 6 Global solar pumps revenue by region, 2012 - 2014, (USD Million)
TABLE 7 Global solar pumps revenue by region, 2015 - 2022, (USD Million)
TABLE 8 Global solar pumps volume by product, 2012- 2014, (Units)
TABLE 9 Global solar pumps volume by product, 2015- 2022, (Units)
TABLE 10 Global solar pumps volume by product, 2012 - 2014, (USD Million)
TABLE 11 Global solar pumps volume by product, 2015 - 2022, (USD Million)
TABLE 12 Global solar pumps market volume by application, 2012- 2014, (Units)
TABLE 13 Global solar pumps market volume by application, 2015 - 2022, (Units)
TABLE 14 Global solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 15 Global solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 16 Solar Pumps - Vendor landscape
TABLE 17 Configuration of typical solar pumps used in the global market
TABLE 18 Comparative analysis between different motor forms
TABLE 19 Solar Pumps - Key market driver analysis
TABLE 20 Solar pumps - Key market restraint analysis
TABLE 21 Global DC surface suction solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 22 Global DC surface suction solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 23 Global DC surface suction solar pumps market volume by region, 2012 - 2014, (Units)
TABLE 24 Global DC surface suction solar pumps market volume by region, 2015 - 2022, (Units)
TABLE 25 Global DC surface suction solar pump market revenue by region, 2012 - 2014, (USD Million)
TABLE 26 Global DC surface suction solar pump market revenue, by region, 2015 - 2022, (USD Million)
TABLE 27 Global AC submersible solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 28 Global AC Submersible solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 29 Global AC submersible solar pumps market volume by region, 2012 - 2014, (Units)
TABLE 30 Global AC submersible solar pumps market volume by region, 2015 - 2022, (Units)
TABLE 31 Global AC submersible solar pump market revenue by region, 2012 - 2014 , (USD Million)
TABLE 32 Global AC submersible solar pump market revenue, by region, 2015 - 2022, (USD Million)
TABLE 33 Global DC submersible solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 34 Global DC submersible solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 35 Global DC submersible solar pumps market volume by region, 2012 - 2014 , (Units)
TABLE 36 Global DC submersible solar pumps market volume by region, 2015 - 2022, (Units)
TABLE 37 Global DC submersible solar pump market revenue by region, 2012 - 2014, (USD Million)
TABLE 38 Global DC submersible solar pump market revenue, by region, 2015 - 2022, (USD Million)
TABLE 39 Global AC floating solar pumps market estimates, 2012 - 2014 , (Units) (USD Million)
TABLE 40 Global AC floating solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 41 Global AC floating solar pumps market volume by region, 2012 - 2014, (Units)
TABLE 42 Global AC floating solar pumps market volume by region, 2015 - 2022, (Units)
TABLE 43 Global DC submersible solar pump market revenue by region, 2012 - 2014, (USD Million)
TABLE 44 Global AC floating solar pump market revenue, by region, 2015 - 2022, (USD Million)
TABLE 45 Global solar pumps market estimates in agriculture, 2012 - 2014, (Units) (USD Million)
TABLE 46 Global solar pumps market estimates and forecast in agriculture, 2015 - 2022, (Units) (USD Million)
TABLE 47 Global solar pumps market volume in agriculture by region, 2012 - 2014, (Units)
TABLE 48 Global solar pumps market volume in agriculture by region, 2015 - 2022, (Units)
TABLE 49 Global solar pump market revenue in agriculture by region, 2012 - 2014, (USD Million)
TABLE 50 Global solar pump market revenue in agriculture segment, by region, 2015 - 2022, (USD Million)
TABLE 51 Global solar pumps market estimates in drinking water, 2012 - 2014, (Units) (USD Million)
TABLE 52 Global solar pumps market estimates and forecast in drinking water, 2015 - 2022, (Units) (USD Million)
TABLE 53 Global solar pumps market volume in drinking water by region, 2012 - 2014, (Units)
TABLE 54 Global solar pumps market volume in drinking water by region, 2015 - 2022, (Units)
TABLE 55 Global solar pump market revenue in drinking water by region, 2012 - 2014, (USD Million)
TABLE 56 Global solar pump market revenue in drinking water, by region, 2015 - 2022, (USD Million)
TABLE 57 North America solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 58 North America solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 59 North America solar pumps volume by product, 2012- 2014, (Units)
TABLE 60 North America solar pumps market volume by product, 2015 - 2022, (Units)
TABLE 61 North America solar pumps revenue by product, 2012- 2014, (USD Million)
TABLE 62 North America solar pumps market revenue by product, 2015 - 2022, (USD Million)
TABLE 63 North America solar pumps volume by application, 2012- 2014, (Units)
TABLE 64 North America solar pumps market volume by application, 2015 - 2022, (Units)
TABLE 65 North America solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 66 North America solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 67 U.S. solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 68 U.S. solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 69 U.S. solar pumps market volume by product, 2012 - 2014, (Units)
TABLE 70 U.S. solar pumps volume by product, 2015 - 2022, (Units)
TABLE 71 U.S. solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 72 U.S. solar pumps market revenue by product, 2015 - 2022, (USD Million)
TABLE 73 U.S. solar pumps market volume by application, 2012 - 2014, (Units)
TABLE 74 U.S. solar pumps market volume by application, 2015 - 2022, (Units)
TABLE 75 U.S. solar pumps revenue by application, 2012 - 2014, (USD Million)
TABLE 76 U.S. solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 77 Europe solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 78 Europe solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 79 Europe solar pumps volume by product, 2012 - 2014, (Units)
TABLE 80 Europe solar pumps market volume by product, 2015 - 2022, (Units)
TABLE 81 Europe solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 82 Europe solar pumps market revenue by product, 2015 - 2022, (USD Million)
TABLE 83 Europe solar pumps market volume by application, 2012 - 2014, (Units)
TABLE 84 Europe solar pumps volume by application, 2015 - 2022, (Units)
TABLE 85 Europe solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 86 Europe solar pumps revenue by application, 2015 - 2022, (USD Million)
TABLE 87 Asia Pacific solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 88 Asia Pacific solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 89 Asia Pacific solar pumps volume by product, 2012 - 2014, (Units)
TABLE 90 Asia Pacific solar pumps volume by product, 2015 - 2022, (Units)
TABLE 91 Asia Pacific solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 92 Asia Pacific solar pumps revenue by product, 2015 - 2022, (USD Million)
TABLE 93 Asia Pacific solar pumps volume by application, 2012- 2014, (Units)
TABLE 94 Asia Pacific solar pumps market volume by application, 2015 - 2022, (Units)
TABLE 95 Asia Pacific solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 96 Asia Pacific solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 97 China solar pumps market estimates and forecast, 2012 - 2014, (Units) (USD Million)
TABLE 98 China solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 99 China solar pumps volume by product, 2012 - 2014, (Units)
TABLE 100 China solar pumps volume by product, 2015 - 2022, (Units)
TABLE 101 China solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 102 China solar pumps revenue by product, 2015 - 2022, (USD Million)
TABLE 103 China solar pumps market volume by application, 2012 - 2014, (Units)
TABLE 104 China solar pumps volume by application, 2015 - 2022, (Units)
TABLE 105 China solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 106 China solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 107 India solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 108 India solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 109 India solar pumps volume by product, 2012 - 2014, (Units)
TABLE 110 India solar pumps market volume by product, 2015 - 2022, (Units)
TABLE 111 India solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 112 India solar pumps revenue by product, 2015 - 2022, (USD Million)
TABLE 113 India solar pumps market volume by application, 2012 - 2014, (Units)
TABLE 114 India solar pumps volume by application, 2015 - 2022, (Units)
TABLE 115 India solar pumps market revenue by application, 2012 - 2014, (USD Million)
TABLE 116 India solar pumps market revenue by application, 2015 - 2022, (USD Million)
TABLE 117 Central & South America solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 118 Central & South America solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 119 Central & South America solar pumps volume by product, 2012 - 2014, (Units)
TABLE 120 Central & South America solar pumps market volume by product, 2015 - 2022, (Units)
TABLE 121 Central & South America solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 122 Central & South America solar pumps revenue by product, 2015 - 2022, (USD Million)
TABLE 123 Central & South America solar pumps market volume by application, 2012- 2014, (Units)
TABLE 124 Central & South America solar pumps volume by application, 2015 - 2022, (Units)
TABLE 125 Central & South America solar pumps market revenue by application, 2012- 2014, (USD Million)
TABLE 126 Central & South America solar pumps revenue by application, 2015 - 2022, (USD Million)
TABLE 127 Middle East & Africa solar pumps market estimates, 2012 - 2014, (Units) (USD Million)
TABLE 128 Middle East & Africa solar pumps market estimates and forecast, 2015 - 2022, (Units) (USD Million)
TABLE 129 Middle East & Africa solar pumps volume by product, 2012- 2014, (Units)
TABLE 130 Middle East & Africa solar pumps volume by product, 2015 - 2022, (Units)
TABLE 131 Middle East & Africa solar pumps revenue by product, 2012 - 2014, (USD Million)
TABLE 132 Middle East & Africa solar pumps revenue by product, 2015 - 2022, (USD Million)
TABLE 133 Middle East & Africa solar pumps volume by application, 2012 - 2014, (Units)
TABLE 134 Middle East & Africa pumps volume by application, 2015 - 2022, (Units)
TABLE 135 Middle East & Africa solar pumps revenue by application, 2012 - 2014, (USD Million)
TABLE 136 Middle East & Africa solar pumps revenue by application, 2015 - 2022, (USD Million)