Main Content start here
Main Layout
Report Description

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 121.45 Million

CAGR (2023-2028)

7.12%

Market Size (2028)

USD 182.47 Million

Fastest Growing Segment

Submersible

Largest Market

South India


The India Solar Water Pump Market is anticipated to grow robustly during the forecast period 2024-2028. A solar water pump is a device that uses solar energy to pump water for a variety of uses, including irrigation, communal water supply, and potable drinking water. Its use significantly reduced dependency on fossil fuels such as coal, gas, and diesel. These systems require minimal fuel-free maintenance and are environmentally friendly. It is one of the most effective uses of solar energy and is practical in most of the world's rural and isolated areas. It is projected that the demand for products in rural regions would expand along with the requirement for a consistent supply of clean water and agricultural operations.

One of the key industries that significantly boosts a nation's GDP growth is agriculture. The demand for solar water pumping systems is expected to expand with the increase in agricultural investment because irrigation is a crucial factor for farmers. The potential for solar pumps is expected to grow during the forecast period as a result of the sector's increased modernization and the gradual transition to sustainable energy sources.

Government Support for Solar Energy Consumption Drives Market Development

One of the widespread applications of solar energy is the solar water pump. In order to boost the acceptance and adoption of solar powered water pump systems, numerous government bodies have established subsidies for solar type water pumps. These subsidies reflect the shift toward clean renewable energy sources and clean energy. For instance, a subsidy on the pumps that aims to encourage their uptake to lessen the negative environmental impacts and reducing reliance on fossil fuel-powered pumps has a significant impact on the market in India.

For instance, in India, government programs such as the Solar Rooftop Phase II program, CPSU (Government Producers) Scheme - Phase II, and Pradhan Mantri KisanUrja Suraksha Evam Utthan Mahabhiyan Yojana (PM-KUSUM) allow increased electricity generation and solar inclusion throughout the nation. Therefore, one of the elements driving this sector is government backing.

Rising Trend of Technological Advancement in India Solar Water Pump Market

Technology development is a crucial trend that is becoming more and more popular in the solar water pump systems market. The companies in the solar water pump systems market are creating cutting-edge technologies to improve the efficiency of solar panels and water pump systems. For instance, a unidirectional solar water pump with a grid-tied power generating system was granted a patent by Shakthi Pumps Limited, an Indian manufacturer of water pumps and motors, in April 2022. By employing panels and producing extra electricity to feed the grid, the new technology ensures effective performance.

Lack of knowledge about the technology also impedes market expansion . Only 2% of India's smallholder farmers are aware of the government-funded programs that provides subsidies for these pumps. Due to this government plan, the market is expected to register a high CAGR during the forecast period.



Download Free Sample Report

Market Segmentation

The India Solar Water Pumps Market is divided on the basis of type, capacity, application and operations. Based on type, the market is further bifurcated into submersible and surface. Based on capacity, the market is segmented into Below 5 HP, 5-8 HP and Above 8 HP. Based on application, the market is further segmented into irrigation, drinking water, industrial, and others. Based on operation, the market is further bifurcated into AC Pump and DC Pump.

Market player

Major players operating in the India Solar Water Pump Market are Alpex Solar Pumps, Aqua Group, Bright Solar Limited, C.R.I. Pumps Private Limited, Crompton, Duke Plasto Technique Private Limited, EcoSoch Solar, Ecozen Solutions, Jackson Group, Novergy Energy Solutions Pvt. Ltd, Shakti Pumps, SunEdison Infrastructure, Surya International, Tata Power Solar, and Waaree Energies Ltd.

Recent Developments

  • Af-Taab Investment Business, Tata Power Solar Systems, and Coastal Gujarat Power Ltd., three wholly owned subsidiaries of the Indian electric utility company Tata Power Company Limited, announced their intention to combine in August 2020. Its strategic strategy to streamline the group holding structure and position the business for future growth includes this.
  • Indian financial services company Af-Taab Investment Company (Af-Taab) is strategy is to streamline the group holding structure and position the business for future growth. The merger will also enable the subsidiary businesses to utilize capital effectively and get corporate assistance. In India's Gujarat state, Coastal Gujarat Power Ltd (CGPL) is a business that manages a 4150-megawatt supercritical coal-fired power plant and this is located in Mundra city. An Indian business called Tata Power Solar Systems (TPSSL) specializes in solar energy services and also sells solar modules, solar cells, and other solar goods including solar water pumps.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018 -2022 and 2023 – 2028

Report coverage

Revenue forecast, Company Share, growth factors, and trends

Segments covered

By Type

By Capacity

By Application

By Operations

Region

North India, West India, South India, East India

Key companies profiled

Alpex Solar Pumps, Aqua Group, Bright Solar Limited, C.R.I. Pumps Private Limited, Crompton, Duke Plasto Technique Private Limited, EcoSoch Solar, Ecozen Solutions, Jackson Group, Novergy Energy Solutions Pvt. Ltd, Shakti Pumps, SunEdison Infrastructure, Surya International, Tata Power Solar, Waaree Energies Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

The scope of the report is limited to solar water pumps and controllers excluding solar PV Panels.

In this report, India Solar Water Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Solar Water Pump Market, By Type:
    • Submersible Pump
    • Surface Pump
  • India Solar Water Pump Market, By Operation:
    • AC Pump
    • DC Pump
  • India Solar Water Pump Market, By Capacity:
    • Up to 5 HP
    • 5 HP to 10 HP
    • 10 HP to 20 HP
    • More than 20 HP
  • India Solar Water Pump Market, By Application:

o   Agriculture

o   Water Treatment

o   Others

  • India Solar Water Pump Market, By Region:
    • West India
    • North India
    • South India
    • East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Solar Water Pump Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The India Solar Water Pump Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.     Product Overview

2.     Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.     Impact of COVID-19 in India Solar Water Pump Market

4.     Executive Summary

5.     Voice of Customers

6.     India Solar Water Pump Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Submersible Pump, Surface Pump)

6.2.2.    By Operation (AC Pump and DC Pump)

6.2.3.    By Capacity (Up to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, more than 20 HP)

6.2.4.    By Application (Agriculture, Water Treatment, Others)

6.2.5.    By Region (West India, North India, South India, East India)

6.3.  By Company

6.4.  Market Map

7.     West India Solar Water Pump Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Operation

7.2.3.    By Capacity

7.2.4.    By Application

8.     North India Solar Water Pump Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Operation

8.2.3.    By Capacity

8.2.4.    By Application

9.     South India Solar Water Pump Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Operation

9.2.3.    By Capacity

9.2.4.    By Application

10.  East India Solar Water Pump Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Operation

10.2.3. By Capacity

10.2.4. By Application

11.  Market Dynamics

11.1.             Drivers

11.2.             Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Company Profiles (Top 10)

14.1.             Alpex Solar Pumps

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2.             Aqua Group

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.              Bright Solar Limited

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4.             C.R.I. Pumps Private Limited

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5.             Crompton

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.              Duke Plasto Technique Private Limited

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.             EcoSoach solar

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.             Ecozen Solutions

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.             Jackson Group

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.           Novergy Energy Solutions Pvt. Ltd.

14.10.1.               Business Overview

14.10.2.               Key Revenue and Financials (If Available)

14.10.3.               Recent Developments

14.10.4.               Key Personnel

14.10.5.               Key Product/Services

14.11.           Shakti Pumps

14.11.1.               Business Overview

14.11.2.               Key Revenue and Financials (If Available)

14.11.3.               Recent Developments

14.11.4.               Key Personnel

14.11.5.               Key Product/Services

14.12.           SunEdison Infrastructure

14.12.1.               Business Overview

14.12.2.               Key Revenue and Financials (If Available)

14.12.3.               Recent Developments

14.12.4.               Key Personnel

14.12.5.               Key Product/Services

14.13.           Surya International

14.13.1.               Business Overview

14.13.2.               Key Revenue and Financials (If Available)

14.13.3.               Recent Developments

14.13.4.               Key Personnel

14.13.5.               Key Product/Services

14.14.           Tata Power Solar

14.14.1.               Business Overview

14.14.2.               Key Revenue and Financials (If Available)

14.14.3.               Recent Developments

14.14.4.               Key Personnel

14.14.5.               Key Product/Services

14.15.           Waaree Energies Ltd

14.15.1.               Business Overview

14.15.2.               Key Revenue and Financials (If Available)

14.15.3.               Recent Developments

14.15.4.               Key Personnel

14.15.5.               Key Product/Services

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Major players operating in the India Solar Water Pump Market are Alpex Solar Pumps, Aqua Group, Bright Solar Limited, C.R.I. Pumps Private Limited, Crompton, Duke Plasto Technique Private Limited, EcoSoach solar, Ecozen Solutions, Jackson Group, Novergy Energy Solutions Pvt. Ltd, Shakti Pumps, SunEdison Infrastructure, Surya International, Tata Power Solar, and Waaree Energies Ltd.

The main factors driving the India Solar Water Pumps market are technological advancement, shift from non-reliable electricity supply and government initiatives.

The submersible pump sector dominates the global market in terms of type. Since submersible pumps often have fewer mechanical issues than above-ground water well pumps, which face a greater incidence of mechanical issues as a result of the difficulty of drawing water from a well. Submersible pumps never lose fluid since they are submerged in water, unlike above-ground pumps, which occasionally do.

The water provided by the solar water pump can be utilized to irrigate crops, supply drinking water for livestock, or any other purpose. A photovoltaic (PV) panel or panels provide the power for a solar water pump system, which is effectively an electrical pump system.

Related Reports