India Solar Water Pumping System Market (2020-2026) | COVID-19 IMPACT, Growth, Companies, Analysis, Industry, Size, Outlook, Trends, Revenue, Share, Forecast & Value
Market Forecast By Power Rating (Up to 3 HP, 3.1-5 HP, 5.1-7.5 HP, 7.6-10 HP, 10.1-12 HP, 12.1-19 HP, Above 19 HP), By Design Type (Surface, Submersible), By Drive Type (AC, DC), By Applications (Irrigation and Others (Drinking, Fountains, Livestock Watering, Municipal Service, etc.)), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape.
| Product Code: ETC001617 | Publication Date: Feb 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 102 | No. of Figures: 23 | No. of Tables: 15 |
India Solar Water Pumping Systems market report comprehensively covers the market by power rating, design type, drive type, applications, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics
India Solar Water Pumping Systems Market Synopsis
India Solar Water Pumping System Market has been exhibiting substantial growth over the past few years. Growing adoption of renewable energy resources, especially solar, along with government initiatives such as “Pradhan Mantri - Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM KUSUM)” scheme with an aim to install 20 lakh units of standalone solar water pumping systems by 2022, would act as a driving forces behind the growing demand for solar water pumps. Further, subsidy provisions and lower operating cost of the solar water pumping system would incentivize the farmers to increase the adoption of solar water pumps over the coming years. However, COVID- 19 pandemic impacted on the growth of the deployment of the pumps across the country, but state governments and central government policies such as Maharashtra's Mukhyamantri Saur Krishi Pump Yojana, solar program by NREDCAP, among others, are expected to increase the annual sales of the Solar Water Pumping Systems in the coming years.
According to 6Wresearch, India Solar Water Pumping Systems Market size is projected to grow at CAGR of 60.7% during 2020-2026. India solar water pumping system market is mainly subsidy driven, where direct sales accounts for a negligible share in the market. The financial aid is only extended for up to 7.5HP solar water pumping category. Thus, the growth in the respective segment of solar-based water pumping system showed a better increase in past years. However, falling prices of the solar water pumping system of the ratings mentioned above on the back of increasing competitiveness in the market are expected to create a moderate drag on the growth of market revenues over the coming years. In 2020, the western region contributed the highest volume share towards India's overall solar water pumping system market on account of the proactive measures taken by the state government under schemes like the Rajasthan Solar Pump Grant Scheme and agencies such as Chhattisgarh Renewable Energy Development Agency (CREDA). Further, the western region is anticipated to exhibit the highest growth during the forecast period due to various state government targets of solar water pumping system installation.
Market Analysis by Power Rating
Among power ratings, solar pumps with lower power rating bagged the highest volume share in 2019. Moreover, up to 3 HP segment is projected to exhibit the highest growth rate during the forecast period, attributed to its affordability and high subsidies provided by the government. Also, with the lower groundwater level, the demand for submersible solar water pumping systems outweighs the demand for its other counterpart. However, the surface solar water pumping segment is projected to exhibit higher growth over the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India Solar Water Pumping Systems Market Overview.
- India Solar Water Pumping Systems Market Outlook.
- India Solar Water Pumping Systems Market Forecast.
- Historical Data and forecast of India Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
- India Off-Grid Solar Water Pumping Systems Market Size and Market Forecast of Revenues and Volume, Until 2026
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, until 2026F
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Design Type, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Design Type, until 2026F
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Drive Type, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Drive Type, until 2026F
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Applications, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Applications, until 2026F
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues, by Regions, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues, by Regions, until 2026F
- Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues of Regions, by Power Rating, for the Period 2016-2020
- Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues of Regions, by Power Rating, until 2026F
- Historical Data of India On-Grid Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
- India On-Grid Solar Water Pumping Systems Market Size and Market Forecast of Revenues and Volume, Until 2026F
- Historical Data of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, for the Period 2016-2020
- Market Size & Forecast of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, until 2026F
- Market Drivers and Restraints
- India Solar Water Pumping Systems Market Trends and Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- India Solar Water Pumping Systems Market Share, By Players
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
· By Power Rating
o Up to 3 HP
o 1 to 5 HP
o 1 to 7.5 HP
o 6 to 10 HP
o 1 to 12.5 HP
o 6 to 19 HP
o 1 to 12.5 HP
o 6 to 19 HP
- By Design Type
- Surface
- Submersible
- By Drive Type
- AC Pump
- DC Pump
- By Application
- Lift Irrigation
- Others (Drinking, livestock watering, municipal services, etc.)
- By Regions
- Northern
- Southern
- Eastern
- Western
Other Key Reports Available:
- APAC Solar Water Pumping Systems Market (2020-2026F)
- India Solar Water Pumping Systems Marker (2020-2026F)
- China Solar Water Pumping Systems Market (2020-2026F)
- UAE Solar Water Pumping Systems Market (2020-2026F)
·
India Solar Water Pumping System Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The India Solar Water Pumping Systems Market revenue is anticipated to record a CAGR of 60.7% during 2020-2026.
Submersible solar water pump has dominated the overall market revenues in the year 2020.
3.1 to 5 Hp segment is expected to record key growth throughout the forecast period 2020-2026.
The key players of the market include- Alpex Solar Private Limited, Bright Solar Private Limited, C.R.I. Pumps Private Limited, Claro Energy Private Limited, Grundfos Pump India Private Limited, Jain Irrigation Systems Limited, Lubi Industries LLP, Ravindra Energy Limited, Roto mag Motors & Control Private Limited, Shakti Pumps (India) Limited, Tata Power Solar Systems Limited, Top sun Energy Limited, Waaree Energies Limited
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of The Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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2.6. Definitions |
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3. India Pump Market Overview |
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3.1. India Pump Market Revenues (2016-2026F) |
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3.2. India Pump Market Revenue Share, By Types (2016-2026F) |
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4. India Solar Water Pumping System Market Overview |
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4.1. India Solar Water Pumping System Market Revenues & Volume (2016-2026F) |
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4.2. India State wise Solar Water Pumping Systems Installation |
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4.3. India Solar Water Pumping System Market Key Stakeholders |
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4.4. India Solar Water Pumping System Market Porter’s Five Forces |
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4.5. India Solar Water Pumping System Market Ecosystem |
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4.6. India Solar Water Pumping System Cost Analysis |
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4.7. India Solar Water Pumping System Market Revenue & Volume Share, By Power Rating (2019 & 2026F) |
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4.8. India Solar Water Pumping System Market Revenue & Volume Share, By Design Type (2019 & 2026F) |
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4.9. India Solar Water Pumping System Market Revenue & Volume Share, By Drive Type (2019 & 2026F) |
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4.10. India Solar Water Pumping System Market Revenue & Volume Share, By Applications (2019 & 2026F) |
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4.11. India Solar Water Pumping System Market Revenue Share, By Regions (2019 & 2026F) |
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5. India Solar Water Pumping System Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. India Solar Water Pumping System Market Trends |
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7. India Solar Water Pumping System Market Overview, By Power Rating |
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7.1. Up to 3 HP Solar Water Pumping System Revenues & Volume (2016-2026F) |
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7.2. 3.1 to 10 HP Solar Water Pumping System Revenues & Volume (2016-2026F) |
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7.3. 10.1 to 12.5 HP Solar Water Pumping System Revenues & Volume (2016-2026F) |
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7.4. 12.6 to 19 HP Solar Water Pumping System Revenues & Volume (2016-2026F) |
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7.5. Above 19 HP Solar Water Pumping System Revenues & Volume (2016-2026F) |
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8. India Solar Water Pumping System Market Overview, By Design Type |
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8.1. India Solar Water Pumping System Market Revenues & Volume, By Surface Pumps (2016-2026F) |
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8.2. India Solar Water Pumping System Market Revenues & Volume, By Submersible Pumps (2016-2026F) |
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9. India Solar Water Pumping System Market Overview, By Drive Type |
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9.1. India Solar Water Pumping System Market Revenues & Volume, By AC Pump (2016-2026F) |
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9.2. India Solar Water Pumping System Market Revenues & Volume, By DC Pump (2016-2026F) |
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10. India Solar Water Pumping System Market Overview, By Applications |
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10.1. India Solar Water Pumping System Market Revenues & Volume, By Lift Irrigation (2016-2026F) |
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10.2. India Solar Water Pumping System Market Revenues & Volume, By Other Applications (2016-2026F) |
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11. India Solar Water Pumping System Market Overview, By Regions |
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11.1. India Solar Water Pumping System Market Revenues, By Northern Region (2016-2026F) |
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11.2. India Solar Water Pumping System Market Revenues, By Southern Region (2016-2026F) |
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11.3. India Solar Water Pumping System Market Revenues, By Eastern Region (2016-2026F) |
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11.4. India Solar Water Pumping System Market Revenues, By Western Region (2016-2026F) |
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11.5. India Regional Solar Water Pumping System Market Overview |
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12. India Solar Water Pumping System Market, Price Trend |
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13. India Solar Water Pumping System Market Opportunity Assessment |
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13.1. India Solar Water Pumping System Market Opportunity Assessment, By Power Rating (2026F) |
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13.2. India Solar Water Pumping System Market Opportunity Assessment, By Design Type (2026F) |
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14. India Solar Water Pumping System Market, Competitive Landscape |
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14.1. India Solar Water Pumping System Market Revenue Share, By Company, 2019 |
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14.2. India Solar Water Pumping System Market Competitive Benchmarking, By Technical Parameter |
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15. Company Profiles |
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15.1. Alpex Solar Private Limited |
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15.2. Bright Solar Private Limited |
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15.3. C.R.I. Pumps Private Limited |
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15.4. Claro Energy Private Limited |
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15.5. Grundfos Pump India Private Limited |
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15.6. Jain Irrigation Systems Limited |
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15.7. Kirloskar Brothers Limited |
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15.8. Ravindra Energy Limited |
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15.9. Shakti Pumps (India) Limited |
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15.10. Tata Power Solar Systems Limited |
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15.11. Topsun Energy Limited |
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15.12. Waaree Energies Limited |
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16. Key Strategic Recommendations |
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17. Disclaimer |
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List of Figures |
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Figure 1. India Pump Market Revenues, 2016-2026F (INR Crore) |
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Figure 2. India Pump Market Revenue Share, By Type, 2019 & 2026F |
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Figure 3. India Solar Water Pumping System Market Revenues and Volume, 2016-2026F (INR Crore, Thousand Units) |
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Figure 4. India State wise Cumulative Installation of Solar Water Pumping Systems (As of August 2019) |
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Figure 5. India State wise Cumulative Installation of Solar Water Pumping Systems (As of August 2019) |
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Figure 6. Life Cycle Cost Comparison of 3 HP Solar Vs Diesel Vs Electric Water Pumping System, 2019 (INR/ Unit) |
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Figure 7. India Solar Water Pumping System Market Revenue Share, By Power Rating, 2019 & 2026F |
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Figure 8. India Solar Water Pumping System Market Volume Share, By Power Rating, 2019 & 2026F |
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Figure 9. India Solar Water Pumping System Market Revenue Share, By Design Type, 2019 & 2026F |
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Figure 10. India Solar Water Pumping System Market Volume Share, By Design Type, 2019 & 2026F |
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Figure 11. India Solar Water Pumping System Market Revenue Share, By Drive Type, 2019 & 2026F |
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Figure 12. India Solar Water Pumping System Market Volume Share, By Drive Type, 2019 & 2026F |
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Figure 13. India Solar Water Pumping System Market Revenue Share, By Applications, 2019 & 2026F |
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Figure 14. India Solar Water Pumping System Market Volume Share, By Applications, 2019 & 2026F |
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Figure 15. India Solar Water Pumping System Market Volume Share, By Regions, 2019 & 2026F |
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Figure 16. India Solar Water Pumping System Subsidies, 2016-2022F (INR Crore) |
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Figure 17. India Solar Water Pumping System Market Revenues, By Northern Region 2016-2026F (INR Crore) |
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Figure 18. India Solar Water Pumping System Market Revenues, By Eastern Region 2016-2026F (INR Crore) |
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Figure 19. India Solar Water Pumping System Market Revenues, By Western Region 2016-2026F (INR Crore) |
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Figure 20. India Solar Water Pumping System Market Revenues, By Southern Region 2016-2026F (INR Crore) |
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Figure 21. India Solar Water Pumping System Price Trend, INR Lakhs/ Unit (2016-2026F) |
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Figure 22. India Solar Water Pumping System Market Opportunity Assessment, By Power Ratings, 2026F |
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Figure 23. India Solar Water Pumping System Market Opportunity Assessment, By Design Type, 2026F |
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Figure 24. India Solar Water Pumping System Market Revenue Share, By Companies (2019) |
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List of Tables |
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Table 1. India States wise Cumulative Installation of Solar Water Pumping Systems (As of August 2019) (Units) |
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Table 2. Life Cycle Cost of Solar Water Pumping System for Irrigation (INR/Unit) |
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Table 3. Life Cycle Cost of Diesel Operated Pump for Irrigation (INR/Unit) |
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Table 4. Life Cycle Cost of Electric Water Pumping System for Irrigation (INR/Unit) |
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Table 5. Benchmark Costs by MNRE for Solar Pumps (As of July 2019) |
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Table 6. India State Wise Sanctioned Solar Water Pumps, 2019-2020 (Units) |
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Table 7. India Solar Water Pumping System Market Revenues, By Power Rating 2016-2026F (INR Crore) |
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Table 8. India Solar Water Pumping System Market Volume, By Power Rating 2016-2026F (Units) |
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Table 9. India Solar Water Pumping System Market Revenues, By Design Type 2016-2026F (INR Crore) |
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Table 10. India Solar Water Pumping System Market Volume, By Design Type 2016-2026F (Units) |
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Table 11. India Solar Water Pumping System Market Revenues, By Drive Type, 2016-2026F (INR Crores) |
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Table 12. India Solar Water Pumping System Market Volume, By Drive Type, 2016-2026F (Units) |
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Table 13. India Solar Water Pumping System Market Revenues, By Applications, 2016-2026F (INR Crores) |
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Table 14. India Solar Water Pumping System Market Volume, By Applications, 2016-2026F (Units) |
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Table 15. India Solar Water Pumping System Installation, By Regions, FY 2018-19 (Units) |
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