2018 India Solar Water Pump Market Growth Forecast 2028: Recent Trends, Developments, and Opportunities
Growing investments in agricultural applications create market prospects, while government incentives for solar energy adoption drive industry expansion.
According to TechSci Research report India Solar Water Pump Market – By Region, Competition Forecast & Opportunities, 2018-2028, the India Solar Water Pump Market is expected to register robust growth during the forecast period, 2024-2028. An electrical pump system that uses one or more photovoltaic (PV) panels to generate power is essentially what a solar water pump system is. In a solar-powered pumping system, a solar panel array frequently drives an electric motor, which then powers a bore or surface pump. A solar water pump is a device that uses solar energy to pump water for various purposes such as irrigation, communal water supply, and potable drinking water. Its application has decreased reliance on fossil fuels such as coal, gas, and diesel. These systems require little fuel-free maintenance and are ecologically friendly. It is one of the most effective uses of solar energy and is practical in most of the world’s rural and isolated areas. It is projected that the demand for products in rural regions would expand along with the requirement for a consistent supply of clean water and agricultural operations.
A solar water pump is a machine that uses solar energy to move water for irrigation, communal water supply, and potable drinking water, among other purposes. Utilization of it has decreased reliance on fossil fuels such as coal, gas, and diesel. These systems are environmentally responsible and have little maintenance needs. It is one of the world’s most efficient solar energy applications and is applicable in the majority of remote and rural places. It is anticipated that as the need for a reliable source of clean water and agricultural activities increases, so will the demand for items in rural areas.
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The India Solar Water Pumps Market is divided on the basis of type, capacity, application and operations. Based on type, the market is further bifurcated into submersible and surface. Generally, submersible and surface, which of these two types of pumps is more suitable depends on the water supply. For the operational part in wells and boreholes, submersible pumps are totally immersed in the water source. Moreover, submersible pumps can be installed horizontally inside water reservoirs at a minimum depth of 0.5 m, securely fastened, and equipped with a cooling sleeve (to enable adequate cooling to the motor, which creates greater efficiency as less energy is needed to move the fluid through the pump’s liquid path).
Based on capacity, the market is further segmented into below 5 HP, 5-8 HP and above 8 HP. These water pumps generally have a maximum capacity of 5 HP . It has the most suction head and is significantly less expensive than other power ratings.
Based on application, the market is segmented into irrigation, drinking water, industrial, and others. Farmers in India are the major consumers of solar water pumps, accounting for almost 63% of the market’s value. Irrigation is essential because a significant portion of the Indian workforce—nearly 40%—depends on the agricultural industry. These pumps are used in agriculture for irrigation, which enables farmers better manage groundwater and regulate their water and power supplies by using solar water pumps.
Based on operation, the market is segmented into AC Pump and DC Pump. DC pumps last longer and more efficient than equivalent-sized AC pumps since no power conversion is required. These pumps, which have a power consumption of up to 4 kW, are frequently employed for lower head, lower volume (smaller) applications. Furthermore, due to a number of cases of poor wiring, electronic circuitry failure, hazardous DC voltages, and terminals that failed to provide a stable electrical connection, DC pumps have a lower rate of adoption than AC pumps.
For example, as of April 18, 2021, government initiatives in India have built off-grid solar-powered water pumps that use renewable energy to pump water for agriculture during the day, since certain communities in Maharashtra only have electricity at night. This has greatly decreased issues such as water shortage. As a result, surrounding farms must be able to run a water pump 24 hours a day.
Major market players in the India Solar Water Pump Market are: –
- Alpex Solar Pumps
- Aqua Group
- Bright Solar Limited, C.R.I
- Pumps Private Limited
- Crompton
- Duke Plasto Technique Private Limited
- EcoSoch Solar
- Ecozen Solutions
- Jackson Group
- Novergy Energy Solutions Pvt. Ltd
- Shakti Pumps
- SunEdison Infrastructure
- Surya International
- Tata Power Solar
- Waaree Energies Ltd
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“The requirement for solar water pumping systems is anticipated to expand with the growth in agricultural investment since irrigation is a crucial factor for farmers. Numerous government bodies have established subsidies for solar type water pumps expansion, hence market is expected to grow further, in 2018-2028, ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global consulting firm.
India Solar Water Pump Market by Type (Submersible Pump, Surface Pump), By Operation (AC Pump and DC Pump), By Capacity (Up to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, more than 20 HP), By Application (Agriculture, Water Treatment, Others), By Region, Competition, Forecast & Opportunities, 2018-2028has evaluated the future growth potential of India Solar Water Pump market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Solar Water Pump market.
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