6wresearch logo

India Solar Water Pumping System Market (2017-2022)-6Wresearch

December 08, 2016

Currently, 26 million agricultural pumps are installed in India of which nearly 7 million pumps are diesel based and remaining are grid connected. However, due to unreliable grid supply and increasing diesel prices, solar water pumping system offers immense opportunities to replace conventional pumps.

According to 6Wresearch, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22. At present, solar water pumping system market in India is subsidy driven, where non-subsidized pumps accounts for marginal share in the market. The Ministry of New and Renewable Energy (MNRE) is implementing solar pumping programme through States, NABARD & other Government departments. MNRE is providing 30% capital subsidy for setting up of solar water pumping systems. In addition to the subsidy provided by MNRE, states provides subsidy assistance in the range from 40% to 60% to implement solar agriculture pump programme.

According to Rajat Kharbanda, Senior Consultant, 6Wresearch, "High capital cost is the major hurdle in the growth of solar water pumping system market. Regardless of subsidies provided by the government, solar pumps are still unaffordable for small farmers due to their high upfront cost in comparison to diesel and electric pumps."

"However, the market is anticipated to gain momentum in coming years driven by reduction in cost of solar pumping system with innovations in product development and growing awareness about solar pumps.", Rajat concluded.

According to Ravi Bhandari, Research Analyst, Research and Consulting, 6Wresearch, "Medium power solar water pumps has captured major share of the market as these meet the current power requirement for irrigation application, where 5HP pumps are in high demand.

"In 2015, AC driven pumps have captured majority of market due to strong after sales service network and low cost in comparison to DC pumps. However, DC pumps are gaining grounds in the market, especially in low HP segment due to their technological superiority and higher efficiency over AC pumps." Ravi further added.

Some of the major companies in India Solar Water Pumping System market include- Jain Irrigation, Shakti Pumps, TATA Power Solar, Claro Energy, Waaree Energies and Kirloskar Brothers Limited.

"India Solar Water Pumping System Market (2017-2022)" provides in-depth analysis with 29 figures and 5 tables covered in more than 90 pages. The report estimates and forecast overall India solar water pumping system market by revenues, volume, power rating, design type, drive type, applications and regions. The report also gives the insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

India UAV Market Report (2017-2023)

Market Forecast By UAV Types (Mini–UAVs (Low Altitude-Low Endurance), Medium Range UAVs (Low Altitude-Medium Endurance), Long Range UAVs (Medium Altitude-Long Endurance, MALE) and Long Range UAVs (High Altitude-Long Endurance, HALE), By UAV Range (Mini-UAVs (under 3mi & 4mi-10mi) and Medium Range UAVs (5mi-10mi & 11mi-20mi)...

Read More

UAE Video Surveillance Market (2017-2023)

Market Forecast by Types (Analog Video Surveillance Systems (Analog Camera and DVR), IP Video Surveillance Systems (IP Cameras, NVR and Encoder/ Decoder), Surveillance Software (Video Management Software, Video Analytics Software and Others))...

Read More

India Air Conditioner Market (2017-2023)

Market Forecast by AC Types (Window AC, Split AC, Floor Standing, Cassette Type, Packaged, Ducted Split/Ceiling Concealed, Centralized (Chiller, VRF and AHU/FCU)), Applications (Residential, Commercial & Retail Buildings, Government & Transportation, Hospitality and Others)...

Read More

India Lithium Ion Batteries Market (2017-23)

Market Forecast by Applications (Automotive, Industrial, Consumer Electronics and Others (Medical, Military and Textile)), Materials (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others (Li Nickel Cobalt Aluminum Oxide and Li Titanate))...

Read More

Africa Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Fighting Systems and Equipment (Fire Extinguishers (Dry Chemical Fire Extinguisher, CO2 Fire Extinguisher, Clean Agent Fire Extinguisher, Foam Fire Extinguisher, Wet Chemical Fire Extinguisher and Water Fire Extinguisher...

Read More

India 5-30 Hp Diesel Engine Market (2018-2023)

Market Forecast by Types (Horizontal and Vertical Engine), Cylinder Types (Single, Double, Triple and Four), Applications (Agricultural, Automobiles, Power and Others), Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Read More

Middle East Diesel Genset Market (2017–2023)

Market Forecast By KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Applications (Retail & Logistics, Oil & Gas, Government & Transportation, Rental, Commercial and Others), Countries...

Read More

India Electric Vehicle Powertrain Systems Market (2017-2023)

Market Forecast By Technology (Battery Electric Vehicle Powertrain and Hybrid Electric Vehicle Powertrain), Components (Transmission, Battery, Motor/Generator, Engine and Controller)...

Read More

GCC Video Surveillance Storage Market (2017-2023)

Market Forecast by Product Device (SAN, DAS and NAS), Deployment (Cloud, Hybrid and On-Premise), Verticals (Government & Transportation, Retails, Enterprise & Data Centers, Residential, Healthcare & Hospitality, BFSI and Others), Countries...

Read More


Our Key Clients
6wreserach client list