Global Solar Pumps Market 2016-2020

  • Published: Mar 2016
  • Pages: 53
  • SKU: IRTNTR9015

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

This market research study presents a detailed segmentation of the global solar pumps market by end-user (agriculture, water management, and others), and by geography (Americas, APAC, and EMEA). The key leading vendors identified in the market are Bright Solar, Lorentz, Shakti Pumps, SunEdison, and Tata Power Solar.

Outlook of the solar pumps market

Technavio’s market research analysts have predicted the global solar pumps market to experience tremendous growth at an impressive CAGR of more than 34 % during the forecast period. Factors like rising preference for solar pumps over diesel pumps is one of the key growth drivers of this market. Solar pumps are becoming increasingly popular among the end-users due to the several advantages they have over diesel pumps. Solar pumps do not face issues like shortage of fuel, feeder damage, and price fluctuations, unlike diesel pumps. Moreover, these pumps offer a clean, sustainable energy solution compared to fuel-powered pumps. Also, solar pumps are economical, unlike diesel pumps which have high operational costs and financial risks associated with its use.

Factors such as the increasing demand for automated pump systems is expected to propel the growth prospects of this market in the coming years. End-users are increasingly looking to automate pump systems for pumping water for irrigation, livestock, and fish farming. Another emerging solar pumping solution brings together drive technology, and a maximum power point tracking (MPPT) system. Rural pump users can significantly benefit from the highest output of this pump during daytime as the MPPT system ensures maximum output from the solar panel, thereby enhancing the performance of the pump. The several advantages of solar pumps over diesel pumps and the introduction of automated pump systems will bolster the growth prospects of the solar pumps market during the forecast period.

Segmentation by end-user and analysis of the solar pumps market

  • Agriculture
  • Water management
  • Others

During 2015, the agriculture industry segment dominated the solar pumps market and accounted for close to 63% of the market share. As water management is critical for irrigation purposes, the demand for solar pumps will continue to increase over the forecast period. Moreover, these pumps play a crucial role in pumping water in areas with erratic rainfall, water scarcity, insufficient electricity. Furthermore, the declining groundwater levels will aid in the growth of this market until the end of 2020.

Geographical segmentation and analysis of the global solar pump market

  • Americas
  • APAC
  • EMEA

During 2015, APAC dominated the global solar pumps market with a market share of nearly 41% in terms of revenue. The demand for solar pumps is mainly driven by the initiatives taken up by countries like India and China to promote sustainable development.  These countries have taken measures to increase their solar photovoltaic installations. The rising number of photovoltaic installations in China is expected to propel this market’s growth in APAC.

Competitive landscape and key vendors

The global solar pumps market is highly competitive owing to the presence of many well-diversified global players. Although the market has the presence of new suppliers, they find it increasingly difficult to compete with the international vendors in terms of quality, functionalities, features, and services. The vendor competition will intensify with an increase in service extensions, technological innovations, and M&A.

Key vendors in this market are -

  • Bright Solar
  • Lorentz
  • Shakti Pumps
  • SunEdison
  • Tata Power Solar

Other prominent vendors in the market are Conergy, CRI Group, Dankoff Solar, Flowserve, Greenmax Technology, Grundfos, Jain Irrigation Systems, and USL.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global solar pumps market?
  • What are the key market trends impacting the growth of the global solar pumps market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global solar pumps market?
  • What are the market opportunities and threats faced by the vendors in the global solar pumps market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global solar pumps market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market segmentation by end-users
  • Global solar pumps market in agriculture industry
  • Global solar pumps market in water management industry
  • Global solar pumps market for other segments

PART 07: Geographical segmentation

  • Market segmentation by geography
  • Solar pumps market in APAC
  • Solar pumps market in EMEA
  • Solar pumps market in the Americas

PART 08: Key leading countries

  • India
  • China

PART 09: Market drivers

  • Insufficient power supply in developing countries
  • Advantages over diesel pumps
  • Favorable government initiatives in APAC

PART 10: Impact of drivers

PART 11: Market challenges

  • High initial investment
  • Low-cost product offerings in developing countries
  • Lack of awareness and other related challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Demand for automated pump systems
  • Emergence of solar-diesel hybrid systems
  • Demand for green buildings in MENA

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • Bright Solar
  • Lorentz
  • Shakti Pumps
  • SunEdison
  • Tata Power Solar

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted

  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>