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Pulished Date February, 2020
ID: 3725
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Europe 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: 3725
Pages: 145

Europe Solar Pumps Market Overview:

The solar pump market is growing due to the growing demand for pumps in household and agricultural applications, primarily for water supply on farms and for irrigation, according to a report from Transparency Market Research. In addition, solar water pumps are increasingly preferred in oil and gas hydraulic fracturing activities to reduce the environmental impact of these activities. The rising acquisition of solar power for irrigation and agricultural practices across the globe is the main driver of the solar pump market. A solar pump consists of a pump and a photovoltaic panel which has semiconductors. When this panel is exposed to the sun, it generates current and helps pump water. Solar pumps have a wide range of applications, from home to agriculture and irrigation.

Recent Developments in the Europe Solar Pumps Market:

In Nov 2020, KSB Pumps Ltd., a worldwide provider of pumps, valves, and systems, has released the latest product called KSBSol.

Europe Solar Pumps Market Drivers:

The solar water pump market is mainly fueled by government-backed initiatives and subsidies given to consumers for the purchase of solar panels. These government initiatives are supporting the adoption of solar pumps among consumers in the agricultural sector. Governments around the world are actively implementing initiatives to reduce the increase in carbon emissions with the aim of reducing global warming. These initiatives result from the growing dependence on the use of renewable energy sources in all industries to reduce energy consumption costs and the total carbon footprint on the environment. These initiatives are stimulating the demand for solar pumps.

Europe Solar Pumps Market Restraints:

Lack of awareness of solar pumps in rural areas is likely to hamper the growth of solar pump market, to some extent during the forecast period. Many farmers and farmland owners are still unaware of solar technology and its ability to generate electricity. Moreover, the simplicity of availability of electric pumps, coupled with their lower maintenance costs, discourages farmers from switching to solar pumps. Hence, these factors are likely to restrain the growth of the market in the coming years.

Opportunities in the European Solar Pumps Market:

The future of solar pumps looks brighter in developing countries, especially in Europe, where much of the economy is focused on agriculture. As the industry moves rapidly into solar or renewable energy, manufacturers remain focused on enhancing the potential of solar pumps in irrigation and related agricultural tasks. Various government efforts to initiate the widespread use of solar pumps that can help promote sustainable development in these countries have also led to a realignment of manufacturers' strategies.

Challenges in the European Solar Pumps Market:

However, it is imperative to note that there are also some challenges associated with incorporating and using solar pumps. A study concludes that the financial situation of small farmers and the accessibility to high-quality products and services remain among the main problems in several countries. In addition, the lack of basic knowledge about the configuration and functions of solar pumps has created challenges in daily operations and maintenance.

Europe Solar Pumps Market Segmentation:

Solar Pumps Market Segmented By Capacity

  • Below 4 HP
  • 4-6 HP
  • 6-8 HP
  • Above 8 HP

Solar Pumps Market Segmented By Product Type

  • Submersible
  • AC
  • DC
  • Surface
  • AC
  • DC

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.

Solar Pumps Market Segmented By Application

  • Farming
  • Irrigation
  • Livestock
  • Aquaculture
  • Residential
  • Building
  • Drinking
  • Commercial
  • Swimming Pool
  • Pond Management
  • National Parks
  • Industry Water Treatment

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 the expansion of the solar pump market during the foreseen period.

Europe Solar Pumps Regional Analysis:

  • Germany
  • UK
  • France
  • Italy

Europe has become the second-largest solar pump region in the world. Countries in this region like Germany, UK, Italy and France are the main consumers of solar pumps. Increased agricultural activities in these regions, as well as a water supply for livestock, are expected to increase market penetration in this region over the next seven years.

Europe Solar Pumps Market Key Players:

The key players in the global solar water pump market include Alpex Solar Pvt. Ltd, American West Windmill and Solar Company, Bright Solar Pvt. Ltd., Claro Energy Pvt. Ltd., Conergy Energy System Pvt., Tata Power Solar systems ltd., and so on. The vendor competition will increase with an increase in technological innovations, service extensions, and Mergers and acquisitions. The global solar pumps market is highly competitive owing to the presence of many well-diversified key players across the globe.

 

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 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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
  • The 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 microenvironment 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. Europe Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  2. Europe DC Surface Suction Market By Region, From 2020-2025 ( USD Million )
  3. Europe AC Submersible Market By Region, From 2020-2025 ( USD Million )
  4. Europe DC Submersible Market By Region, From 2020-2025 ( USD Million )
  5. Europe AC Floating Market By Region, From 2020-2025 ( USD Million )
  6. Europe Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  7. Europe Agriculture Market By Region, From 2020-2025 ( USD Million )
  8. Europe Drinking Water Market By Region, From 2020-2025 ( USD Million )
  9. U.K. Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  10. U.K. Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  11. Germany Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  12. Germany Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  13. France Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  14. France Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  15. Italy Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  16. Italy Solar Pumps Market By Application, From 2020-2025 ( USD Million )
  17. Spain Solar Pumps Market By Product, From 2020-2025 ( USD Million )
  18. Spain Solar Pumps Market By Application, From 2020-2025 ( USD Million )

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