Technavio analyzes the "Solar Pump Market in India by Product (Surface suction, Submersible, and Floating) and End-user (Agriculture, Water management, and Others)". With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the solar pump market in India between 2021 and 2026 is USD 848.40 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The rising dependence on renewable energy sources and easy installation are some of the key market drivers. Investments in the renewable sector in India have been continuously gaining traction over the years. For instance, in the last three years, investments in the renewable power sector accounted for over 40% of the total power sector investments in the country. Such investments are increasing the demand for a wide range of renewable energy solutions, including solar pumps, which is driving the growth of the market.
However, the high cost of solar pumps will hinder the market growth to some extent.
Learn about additional key drivers, trends, and challenges impacting market growth by purchasing our full report.
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Solar Pump Market in India: Segmentation Analysis
- By Product, the market will witness maximum growth in the surface suction pumps segment during the forecast period.
- In terms of end-users, the demand for solar pumps will be maximum from the agriculture sector.
View our Sample Report for additional highlights on major-revenue generating segments, regions, and key countries in the solar pump market in India
Some Companies Mentioned with their Offerings
- Aquasub Engineering
- Bright Solar Ltd.
- C.R.I. Pumps Pvt. Ltd.
- Falcon Pumps Pvt. Ltd.
- Lubi Solar
- Gain access to more vendor profiles with their key offerings available with Technavio. Click Here.
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Solar Pump Market in India Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.84% |
Market growth 2022-2026 |
USD 848.40 million |
Market structure |
Fragmented |
YoY growth (%) |
10.48 |
Regional analysis |
APAC |
Performing market contribution |
India at 100% |
Key consumer countries |
India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aquasub Engineering, Bright Solar Ltd., C.R.I. Pumps Pvt. Ltd., Falcon Pumps Pvt. Ltd., Lubi Solar, Novergy Energy Solutions Pvt. Ltd., Shakti Pumps India Ltd., SunEdison Infrastructure Ltd., Tata Power Co. Ltd., and Waaree Energies Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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Technavio Research
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SOURCE Technavio
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