Market Overview:
Solar submersible water pumps are designed for drinking water supply, livestock watering, pond management, and irrigation applications to deliver water economically, cleanly, and reliably. These are diesel-powered pumps highly required in areas where electricity connection is difficult. The solar submersible pumping systems are ranging from 150 W to 25 kW, and meeting needs from irrigations, livestock, and fish farming, and water supply applications. Submersible Solar Pumps lift up to 650 feet and fit in a 4" or larger well casing and are used when the water supply is more than 20 feet from the surface. Submersible solar pumps operate directly off solar panels, batteries, or in some cases, an AC power source. These Solar Pump is power derived from sunlight and converted to electrical power by Solar Photo Voltaic modules.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | TATA Power Supply (India), Dankoff Solar Pumps (United States), Grundfos (Denmark), Jain Irrigation Systems (India), Lorentz (Germany), Bright Solar Limited (India), The Flowserve Corporation (United States), SINES Export (Germany), Northern Arizona Wind & Sun (United States) and Alternative Energy Store (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Submersible Solar Pump Market Study:
TATA Power Supply (India), Dankoff Solar Pumps (United States), Grundfos (Denmark), Jain Irrigation Systems (India), Lorentz (Germany), Bright Solar Limited (India), The Flowserve Corporation (United States), SINES Export (Germany), Northern Arizona Wind & Sun (United States) and Alternative Energy Store (United States)
Submersible Solar Pump Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Agriculture, Drinking-Water, Residential Apartment / Bungalows, Hotels, Resorts and Salt Farming |
Type | AC Submersible Pump and DC Submersible Pump |
Sales Channels | Online Sales Channels,Offline Sales Channels |
Components | Pump,Controllers,Solar Panels,Wirings,Piping,Water Tanks |
Influencing Trend:
High Adoption for Rural Regions, Low Maintenance Cost
Market Growth Drivers:
Rising Cost of Diesel and Electricity, Increasing Demand for Power and Safe Drinking Water and Increasing Fuel Price and Unreliable Electricity Supply
Challenges:
Fewer Technology Advancements
Restraints:
High Installation Cost
Opportunities:
Increasing Government Subsidies to Farmers and Rising Adoption of Precision Agriculture and Sustainable Practices
Some of the other players that are also part of study are Greensun Solar Energy Tech (China), Kenbrook Solar (India) and Waree (India). The Global Submersible Solar Pump market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Submersible Solar Pump market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Submersible Solar Pump market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Submersible Solar Pump Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.