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Solar Pump Market to Witness Massive Growth | Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump

solar pump market to witness massive growth vincent solar energy tata power solar systems ltd shakti pump

Oct 13, 2020 12:29 AM ET
iCrowd Newswire – Oct 13, 2020

Solar Pump Market by Product (Surface Suction, Submersible, and Floating), End-user Industry (Agriculture, Water Management, and Others), and By Operation (AC Pump and DC Pump): Global Opportunity Analysis and Industry Forecast, 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Solar Pump market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Solar Pump market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Solar Pump Market

 Key Segments Studied in the Global Solar Pump Market

The global solar pump market was valued at $1.21billion in 2019, and is projected to reach $2.05 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027.

Solar-powered pump run on power generated by photovoltaic panels or the radiated thermal energy from collected sunlight in place of grid strength or diesel run water pump. The operation of solar pump is low budget and has much less environmental effect than pump powered with the aid of an internal combustion engine (ICE). Solar pump are beneficial where grid energy is unavailable and alternative resources (particularly wind) do not provide sufficient electricity.

In developing nations, the agricultural sector offers potential opportunity for the growth of the solar water pump market. In rural areas, wherein farmers face increase in gas prices, difficulties in getting entry to handle electric grid projects, and preference for environmentally friendly projects, solar pump market exhibits lucrative opportunity. The maximum use of solar pump has been witnessed in India and Africa and the center east. In these nations, solar pump are widely used for irrigation and water management.

The global solar pump market is segmented into product, end-user industry, operation, and region. On the basis of product, the market is divided into surface suction, submersible, and floating. The submersible segment was the highest contributor to the solar pump market in 2019. This is majorly attributed to surge in use of submersible solar pump for water extraction from bores, irrigation systems, drip and & sprinkler systems, and pressure boosting applications.

By end-user industry, the solar pump market trends are studied across agriculture, water management and others. The agriculture segment was the highest contributor to the market. By Operation, the market is divided into AC pump and DC pump. The AC pump segment was the highest contributor to the solar pump market in 2019. This is majorly attributed to its high pumping efficiency and longevity. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor to the market. Asia-Pacific solar pump market is analyzed across China, Japan, South Korea, Australia, and rest of Asia-Pacific. In Asia-Pacific, solar energy is used for generation of electricity. Several government regulations are established such as Akshay Urja, which include electrification of rural areas. These initiatives are expected to increase the demand for solar pump, as governments of various countries are planning to distribute solar pump in rural areas.

The key players involved in the global solar pump market are Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump, CRI Pump Pvt. Ltd., Oswal Pump Ltd., LORENTZ, The Lubi Group, Samking Pump Company, Greenmax Technology, and AQUA GROUP.

Key benefits for stakeholders

– The report provides extensive qualitative and quantitative analyses of the current solar pump market trends and future estimations of the market from 2019 to 2027 to determine the prevailing opportunities.

– Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

– Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.

– Profiles of leading players operating in the global solar pump market analysis are provided, and this helps in understanding the competitive scenario globally.

– The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

– The global solar pump market forecast is done from 2020 to 2027.

Professional Key players: 

Vincent Solar Energy,     TATA Power Solar Systems Ltd.,     Shakti pump,     CRI Pump Pvt. Ltd.,     Oswal Pump Ltd.,     LORENTZ,     The Lubi Group,     Samking Pump Company,     Greenmax Technology,     and AQUA GROUP.

Market Segmentation:
Solar Pump Market

By Product (Surface Suction, Submersible, and Floating),

By  End-user Industry (Agriculture, Water Management, and Others),

By Operation (AC Pump and DC Pump): Global Opportunity Analysis and Industry Forecast, 2020-2027

 A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx


Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

  • To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
  • To understand the structure of market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

The Study Explore COVID 19 Outbreak Impact Analysis

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Solar Pump Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Solar Pump market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Solar Pump  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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