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The global Photovoltaic pump market was valued at 663.4 Million USD in 2020 and will grow with a CAGR of 6.17% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.For the manufacturers, Lorentz and Grundfos are still the leaders in Photovoltaic pump industry, which take up about 25% of production. India manufacturers, such as OCI Group and Tata Power have increased capacity that is because local downstream have a strong demand. For Chinese suppliers of Photovoltaic pump, R&D and manufacturing of the production is just in recent years, therefore, the capacity is low. However, as the government is focusing on the energy saving, the consumption of Photovoltaic pump will increase in the next few years.
By Market Verdors:
LORENTZ
Grundfos
CRI Group
Mono Pumps
Shakti Solar
Tata Power
Bright Solar
USL
Advanced Power
SAJ
Chinalight Solar
CEEG
Quoncion Solar
Komaes Solar
Solartech
MNE
Evergreen Group
By Types:
DC Surface Suction
AC Submersible
DC Submersible
AC Floating
By Applications:
Living Water
Agrirculture
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Photovoltaic pump Revenue
1.4 Market Analysis by Type
1.4.1 Global Photovoltaic pump Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 DC Surface Suction
1.4.3 AC Submersible
1.4.4 DC Submersible
1.4.5 AC Floating
1.5 Market by Application
1.5.1 Global Photovoltaic pump Market Share by Application: 2022-2027
1.5.2 Living Water
1.5.3 Agrirculture
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Photovoltaic pump Market
1.8.1 Global Photovoltaic pump Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Photovoltaic pump Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Photovoltaic pump Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Photovoltaic pump Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Photovoltaic pump Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Photovoltaic pump Sales Volume Market Share by Region (2016-2021)
3.2 Global Photovoltaic pump Sales Revenue Market Share by Region (2016-2021)
3.3 North America Photovoltaic pump Sales Volume
3.3.1 North America Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.3.2 North America Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.4 East Asia Photovoltaic pump Sales Volume
3.4.1 East Asia Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.4.2 East Asia Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Photovoltaic pump Sales Volume (2016-2021)
3.5.1 Europe Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.5.2 Europe Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 South Asia Photovoltaic pump Sales Volume (2016-2021)
3.6.1 South Asia Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.6.2 South Asia Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Southeast Asia Photovoltaic pump Sales Volume (2016-2021)
3.7.1 Southeast Asia Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.7.2 Southeast Asia Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.8 Middle East Photovoltaic pump Sales Volume (2016-2021)
3.8.1 Middle East Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.8.2 Middle East Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.9 Africa Photovoltaic pump Sales Volume (2016-2021)
3.9.1 Africa Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.9.2 Africa Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.10 Oceania Photovoltaic pump Sales Volume (2016-2021)
3.10.1 Oceania Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.10.2 Oceania Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.11 South America Photovoltaic pump Sales Volume (2016-2021)
3.11.1 South America Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.11.2 South America Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.12 Rest of the World Photovoltaic pump Sales Volume (2016-2021)
3.12.1 Rest of the World Photovoltaic pump Sales Volume Growth Rate (2016-2021)
3.12.2 Rest of the World Photovoltaic pump Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
4 North America
4.1 North America Photovoltaic pump Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Photovoltaic pump Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Photovoltaic pump Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Photovoltaic pump Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Photovoltaic pump Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Photovoltaic pump Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Photovoltaic pump Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Photovoltaic pump Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Photovoltaic pump Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Photovoltaic pump Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Photovoltaic pump Sales Volume Market Share by Type (2016-2021)
14.2 Global Photovoltaic pump Sales Revenue Market Share by Type (2016-2021)
14.3 Global Photovoltaic pump Sales Price by Type (2016-2021)
15 Consumption Analysis by Application
15.1 Global Photovoltaic pump Consumption Volume by Application (2016-2021)
15.2 Global Photovoltaic pump Consumption Value by Application (2016-2021)
16 Company Profiles and Key Figures in Photovoltaic pump Business
16.1 LORENTZ
16.1.1 LORENTZ Company Profile
16.1.2 LORENTZ Photovoltaic pump Product Specification
16.1.3 LORENTZ Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.2 Grundfos
16.2.1 Grundfos Company Profile
16.2.2 Grundfos Photovoltaic pump Product Specification
16.2.3 Grundfos Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.3 CRI Group
16.3.1 CRI Group Company Profile
16.3.2 CRI Group Photovoltaic pump Product Specification
16.3.3 CRI Group Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.4 Mono Pumps
16.4.1 Mono Pumps Company Profile
16.4.2 Mono Pumps Photovoltaic pump Product Specification
16.4.3 Mono Pumps Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.5 Shakti Solar
16.5.1 Shakti Solar Company Profile
16.5.2 Shakti Solar Photovoltaic pump Product Specification
16.5.3 Shakti Solar Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.6 Tata Power
16.6.1 Tata Power Company Profile
16.6.2 Tata Power Photovoltaic pump Product Specification
16.6.3 Tata Power Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.7 Bright Solar
16.7.1 Bright Solar Company Profile
16.7.2 Bright Solar Photovoltaic pump Product Specification
16.7.3 Bright Solar Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.8 USL
16.8.1 USL Company Profile
16.8.2 USL Photovoltaic pump Product Specification
16.8.3 USL Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.9 Advanced Power
16.9.1 Advanced Power Company Profile
16.9.2 Advanced Power Photovoltaic pump Product Specification
16.9.3 Advanced Power Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.10 SAJ
16.10.1 SAJ Company Profile
16.10.2 SAJ Photovoltaic pump Product Specification
16.10.3 SAJ Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.11 Chinalight Solar
16.11.1 Chinalight Solar Company Profile
16.11.2 Chinalight Solar Photovoltaic pump Product Specification
16.11.3 Chinalight Solar Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.12 CEEG
16.12.1 CEEG Company Profile
16.12.2 CEEG Photovoltaic pump Product Specification
16.12.3 CEEG Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.13 Quoncion Solar
16.13.1 Quoncion Solar Company Profile
16.13.2 Quoncion Solar Photovoltaic pump Product Specification
16.13.3 Quoncion Solar Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.14 Komaes Solar
16.14.1 Komaes Solar Company Profile
16.14.2 Komaes Solar Photovoltaic pump Product Specification
16.14.3 Komaes Solar Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.15 Solartech
16.15.1 Solartech Company Profile
16.15.2 Solartech Photovoltaic pump Product Specification
16.15.3 Solartech Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.16 MNE
16.16.1 MNE Company Profile
16.16.2 MNE Photovoltaic pump Product Specification
16.16.3 MNE Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.17 Evergreen Group
16.17.1 Evergreen Group Company Profile
16.17.2 Evergreen Group Photovoltaic pump Product Specification
16.17.3 Evergreen Group Photovoltaic pump Production Capacity, Revenue, Price and Gross Margin (2016-2021)
17 Photovoltaic pump Manufacturing Cost Analysis
17.1 Photovoltaic pump Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Photovoltaic pump
17.4 Photovoltaic pump Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Photovoltaic pump Distributors List
18.3 Photovoltaic pump Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Photovoltaic pump (2022-2027)
20.2 Global Forecasted Revenue of Photovoltaic pump (2022-2027)
20.3 Global Forecasted Price of Photovoltaic pump (2016-2027)
20.4 Global Forecasted Production of Photovoltaic pump by Region (2022-2027)
20.4.1 North America Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.2 East Asia Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.3 Europe Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.4 South Asia Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.5 Southeast Asia Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.6 Middle East Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.7 Africa Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.8 Oceania Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.9 South America Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.4.10 Rest of the World Photovoltaic pump Production, Revenue Forecast (2022-2027)
20.5 Forecast by Type and by Application (2022-2027)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
20.5.2 Global Forecasted Consumption of Photovoltaic pump by Application (2022-2027)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Photovoltaic pump by Country
21.2 East Asia Market Forecasted Consumption of Photovoltaic pump by Country
21.3 Europe Market Forecasted Consumption of Photovoltaic pump by Countriy
21.4 South Asia Forecasted Consumption of Photovoltaic pump by Country
21.5 Southeast Asia Forecasted Consumption of Photovoltaic pump by Country
21.6 Middle East Forecasted Consumption of Photovoltaic pump by Country
21.7 Africa Forecasted Consumption of Photovoltaic pump by Country
21.8 Oceania Forecasted Consumption of Photovoltaic pump by Country
21.9 South America Forecasted Consumption of Photovoltaic pump by Country
21.10 Rest of the world Forecasted Consumption of Photovoltaic pump by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
Research Methodology:
Photovoltaic pump Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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