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Pulished Date February, 2020
ID: 3726
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Asia Pacific Solar Pumps Market By Application (Agriculture, Drinking Water), By Product (DC Surface Suction, AC Submersible, DC Submersible, And AC Floating), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2019-2024)

Pulished: February, 2020
ID: 3726
Pages: 145

Asia Pacific Solar Pumps Market Value And Growth Analysis:

Developing countries provide opportunities for the expansion of the solar water pump market, as the largest adoption of solar pumps has been seen in Asia Pacific, especially India, China and Japan. This is mainly attributed to the boom in agricultural activities and an increased call for electricity from renewable sources of production. India has set a goal of deploying more than 100,000 solar pumps by 2020, and Bangladesh is aiming for 50,000 by 2025.In recent years, the market for solar water pumps has grown at a tremendous rate. This has been attributed to the low cost of the low price of photovoltaic panels, the strong presence of solar water pump producers and a strong awareness of solar water pumping, due to the regulations of various countries and local governments aimed at promoting production. of energy from renewable sources in order to reduce dependence on fossil fuels and minimize polluting emissions. The rapid development of photovoltaic technology has benefited the market by reducing the price of solar water pump.

Recent Developments in the Asia Pacific Solar Pumps Market:

  • SunEdison launches solar water pumps in India. SunEdison, a leading solar technology manufacturer and provider of solar technology and solar energy services, today launched the SunEdison Solar Water Pump, a high-performance photovoltaic solar water pump specially designed for agriculture.

Asia Pacific Solar Pumps Market Drivers:

The continued expansion of agriculture, the need for other water-intensive industries, coupled with growing support from the government, are the main expansion driver of the solar pump market. Due to the industry shift towards eco-friendly features, the call for solar pumps from Asia Pacific is escalating, which is a secondary factor driving the expansion of this market.

Asia Pacific Solar Pumps Market Restraints:

The COVID-19 outbreak has disrupted the worldwide solar industry by shutting down operations. At present, the solar industry imports almost 80% of its main solar panels from China. The pandemic affected China's manufacturing capabilities, as all major shipping container organizations had stopped operating out of Chinese ports and transporting items from China to other countries, including India. While Chinese production is predicted to move in the right direction again, the resumption of the Chinese-sourced supply chain is supposed to help restart the Indian solar industry.

Opportunities in the Asia Pacific Solar Pumps Market:

With the escalating development in industrial, residential and agricultural industries along with lower operating and maintenance costs, the market call for solar pumps in Asia-Pacific is escalating rapidly. The solar pump works with electricity produced by thermal energy or by photovoltaic panels. It has a shelf life of 16 years, providing opportunities for the Asia Pacific market.

Challenges in the Asia Pacific Solar Pumps Market:

The high cost of capital, unavailability of spare parts and after-sales services are the main problems that hinder the expansion of the market.

Asia Pacific Solar Pumps Market Segmentation:

By product:

  • AC Submersible
  • DC Surface Suction
  • DC Submersible
  • AC Floating

DC suction dominated the market, accounting for more than 80% of the market in 2020. The increase in the drip irrigation business, especially in developing countries in Asia-Pacific, is predicted to drive pumps. by solar energy during the foreseen period mentioned above. AC submersible pumps are predicted to experience the highest expansion rate during the foreseen period. Escalatingcall for higher-efficiency solar pumps, especially in developing countries of India and Bangladesh, is predicted to drive call for AC submersible pumps during the foreseen period.

By application:

  • Agriculture
  • Drinking water

Agriculture was the dominant application category, accounting for 60% of the total market in 2020. Increased agricultural activities coupled with the water needed for irrigation is predicted to boost the market for solar pumps for this application. Government subsidies to solar pump farmers and manufacturers, especially in developing countries in Asia and the Pacific, are predicted to drive expansion of the solar pump market during the foreseen period.

Asia Pacific Solar Pumps Regional Analysis:

  • India
  • China
  • Korea
  • Japan
  • Others

Asia-Pacific has the largest share of the solar water pump market due to escalating industrialization and the immediate need to meet the call for electricity for agriculture and water and water treatment. waste, which would stimulate the market for solar water pumps in the region. China has dominated the Asia-Pacific region due to the huge population and the growing infrastructure sector to serve the massive population. Asia-Pacific has become the largest regional market and accounted for 32.9% of the total market volume in 2020. Asia-Pacific is also predicted to be the fastest-growing regional market for solar pumps. The region is predicted to grow at a CAGR of 42.5% from 2020 to 2025. Government support to farmers in the form of subsidies, especially in China, India and Bangladesh, is predicted to boost the regional market during the foreseen period.

Asia Pacific Solar Pumps Market Key Players:

The key players operating in the solar water pumps market are Lorentz (Germany), C. R. I. Pumps Private Limited (India), Tata Power Solar Systems Ltd (India), Shakti Pumps (India) Ltd (India), WenlingJintai Pump Factory Limited (China), Bright Solar Limited (India), Grundfos (Denmark), Symtech Solar (Oman), PhotonSolar.com (Australia), Urja Global Limited (India), and Kavita Solar Energy Private Limited (India).

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 DC Surface Suction              

                                5.1.3 AC Submersible    

                                5.1.4 DC Submersible    

                                5.1.5 AC Floating              

                                5.1.6  Y-o-Y Growth Analysis, By Product              

                                5.1.7  Market Attractiveness Analysis, By Product            

                                5.1.8  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Agriculture              

                                5.2.3 Drinking Water      

                                5.2.4 Y-o-Y Growth Analysis, By Application         

                                5.2.5 Market Attractiveness Analysis, By Application       

                                5.2.6 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Application

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 SunEdison                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Lorentz                         

                8.3 Grundfos                     

                8.4 Bright Solar                 

                8.5 USL                

                8.6 TATA Power Solar Systems Ltd.                         

                8.7 Shakti Pumps                             

                8.8 CRI Pumps                  

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the North america market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  2. Asia Pacific DC Surface Suction Market By Region, From 2020-2025 ( USD Million )
  3. Asia Pacific AC Submersible Market By Region, From 2020-2025 ( USD Million )
  4. Asia Pacific DC Submersible Market By Region, From 2020-2025 ( USD Million )
  5. Asia Pacific AC Floating Market By Region, From 2020-2025 ( USD Million )
  6. Asia Pacific Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  7. Asia Pacific Agriculture Market By Region, From 2020-2025 ( USD Million )
  8. Asia Pacific Drinking Water Market By Region, From 2020-2025 ( USD Million )
  9. Japan Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  10. Japan Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  11. China Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  12. China Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  13. India Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  14. India Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  15. Australia Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  16. Australia Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  17. South Korea Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  18. South Korea Solar Pumps Market By Application, From 2020-2025 ( USD Million )

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