The Indian solar water pump market is predicted to grow considerably at a CAGR of 15.2% during the forecast period. The Indian solar water pump market is expected to grow significantly due to increasing application in the domestic and agriculture sector, increasing government support, and low maintenance. Solar water pumps are easy to install due to which it is becoming popular among the end-user. In India, the solar water pump is mainly used for irrigation and drinking purpose. The solar water pump of capacity 5hp (horsepower) can deliver about 124,000 liters of water per day. In India, a total of 1, 20,000 solar PV water pumping systems have been installed in 2016. Solar water pumps are widely used due to their several advantages such as low cost as compared to costly diesel water pumps and it also improves energy access in remote areas. The Indian government decided to provide substantial capital subsidy support to the farmer. Government subsidies for the installation of solar water pumps in agricultural activities are further driving the market. Solar water pumps are also used in livestock water usage, which reduces the dependency on fossil fuels such as diesel and other energy sources such as windmills.
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To deal with the crisis times, the players are planning to diversify their businesses in line with COVID-related products such as UV sanitizers among others. Nevertheless, the industry is likely to witness an upswing post-COVID. Moreover, the COVID-19 impact on the Indian solar water pump market’s raw materials to end-users will further be discussed in the report. Along with this, the report also contains the strategy analysis of the players to cope and survive in such situations, competitive strategies industry development trends, and other macroeconomic factors.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Indian Solar Water Pump Market by Type
- Surface
- Submersible Water Pumps
Indian Solar Water Pump Market by Component
- Solar Panel
- Controller & Pumps
Indian Solar Water Pump Market by Application
- Agriculture Purpose
- Household
- Industrial
Company Profiles
- Apex Solar Pvt. Ltd.
- Bright Solar Pvt. Ltd.
- Claro Energy Pvt. Ltd
- Conergy Energy System Pvt. Ltd.
- Jain Irrigation System Ltd.
- Kirloskar Brothers Ltd.
- Lubi Solar Pvt. Ltd.
- Prosun Energy Pvt. Ltd.
- Rainbow Power Co. Ltd.
- Shakti Pumps Ltd.
- Solar Power And Pumps Co., Llc.
- Span Pumps Pvt. Ltd.
- Sunedison, Inc.
- Tata Power Solar System Ltd.
- Topsun Energy Ltd.
- Udhaya Semiconductors Ltd.
- Vimal Electronics
- VRG Energy
- Waare Group
- Wenling Jintai Pump Factory
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Key companies operating in the Indian solar water pump market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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