A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.
For the manufacturers, Lorentz and Grundfos are still the leaders in Photovoltaic pump industry, which take up about 25% of production. India manufacturers, such as OCI Group and Tata Power have increased capacity that is because local downstream have a strong demand. For Chinese suppliers of Photovoltaic pump, R&D and manufacturing of the production is just in recent years, therefore, the capacity is low. However, as the government is focusing on the energy saving, the consumption of Photovoltaic pump will increase in the next few years.
The report offers detailed coverage of Photovoltaic pump industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Photovoltaic pump by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Photovoltaic pump market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Photovoltaic pump market for 2015-2027.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
LORENTZ
Grundfos
CRI Group
Mono Pumps
Shakti Solar
Tata Power
Bright Solar
USL
Advanced Power
SAJ
Chinalight Solar
CEEG
Quoncion Solar
Komaes Solar
Solartech
MNE
Evergreen Group
At the same time, we classify Photovoltaic pump according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
DC Surface Suction
AC Submersible
DC Submersible
AC Floating
Market by Application
Living Water
Agrirculture
Other
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Photovoltaic pump market for the forecast period 2021 - 2027?
• What are the driving forces in the Photovoltaic pump market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Photovoltaic pump industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?