Solar Pump Market In India 2024-2028
The solar pump market in india is forecasted to grow by USD 518.4 mn during 2023-2028, accelerating at a CAGR of 10% during the forecast period. The report on the solar pump market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising dependence on renewable energy sources, easy installation, and rising government schemes in india.
Technavio's solar pump market in india is segmented as below:
- By Product
- Surface suction
- Submersible
- Floating
- By End-user
- Agriculture
- Water management
- Others
- By Geographical Landscape
- APAC
This study identifies the rising development of microgrid systems in india as one of the prime reasons driving the solar pump market in india growth during the next few years. Also, new product launches and increasing awareness in rural areas will lead to sizable demand in the market.
The report on the solar pump market in india covers the following areas:
- Solar Pump Market in India sizing
- Solar Pump Market in India forecast
- Solar Pump Market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar pump market in india vendors that include Amrut Energy Pvt. Ltd., Aquasub Engineering, BERNT LORENTZ GmbH, Bright Solar Ltd., C.R.I. Pumps Pvt. Ltd., Crompton Greaves Consumer Electricals Ltd., Falcon Pumps Pvt. Ltd., Grundfos Holding AS, Jyoty Solar Power, Lubi Solar, Novergy Energy Solutions Pvt. Ltd., Shakti Pumps India Ltd., SILRES Energy Solutions Pvt. Ltd., Tata Power Co. Ltd., Veer Pump Industries, and Waaree Energies Ltd.. Also, the solar pump market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.