Global Photovoltaic Pump Market Research Report 2023(Status and Outlook)
Report Overview
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.
India is the largest Photovoltaic Pump market with about 37% market share. Europe and China are follower, accounting for about 42% market share.
The key players are 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 etc. Top 3 companies occupied about 34% market share.
The Global Photovoltaic Pump Market Size was estimated at USD 686.6 million in 2022 and is projected to reach USD 1032.39 million by 2029, exhibiting a CAGR of 6.00% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Photovoltaic Pump market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Photovoltaic Pump Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Photovoltaic Pump market in any manner.
Global Photovoltaic Pump Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
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
Market Segmentation (by Type)
DC Surface Suction
AC Submersible
DC Submersible
AC Floating
Market Segmentation (by Application)
Hospitals
Ambulatory Surgical Centers
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Photovoltaic Pump Market
Overview of the regional outlook of the Photovoltaic Pump Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors