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Global Photovoltaic Pump Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 116 pages | ID: G4719248F1E8EN
APO Research

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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.

According to APO Research, The global Photovoltaic Pump market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

India is the largest Photovoltaic Pump market with about 37% market share. Europe and China are follower, accounting for about 42% market share.

The key players are 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 etc. Top 3 companies occupied about 34% market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Photovoltaic Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaic Pump.

The Photovoltaic Pump market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Photovoltaic Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • 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
Photovoltaic Pump segment by Type
  • DC Surface Suction
  • AC Submersible
  • DC Submersible
  • AC Floating
Photovoltaic Pump segment by Application
  • Living Water
  • Agrirculture
  • Others
Photovoltaic Pump Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Photovoltaic Pump market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Photovoltaic Pump and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Photovoltaic Pump.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Photovoltaic Pump manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Photovoltaic Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Photovoltaic Pump Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global Photovoltaic Pump Sales Estimates and Forecasts (2019-2030)
1.3 Photovoltaic Pump Market by Type
  1.3.1 DC Surface Suction
  1.3.2 AC Submersible
  1.3.3 DC Submersible
  1.3.4 AC Floating
1.4 Global Photovoltaic Pump Market Size by Type
  1.4.1 Global Photovoltaic Pump Market Size Overview by Type (2019-2030)
  1.4.2 Global Photovoltaic Pump Historic Market Size Review by Type (2019-2024)
  1.4.3 Global Photovoltaic Pump Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America Photovoltaic Pump Sales Breakdown by Type (2019-2024)
  1.5.2 Europe Photovoltaic Pump Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific Photovoltaic Pump Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America Photovoltaic Pump Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa Photovoltaic Pump Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 Photovoltaic Pump Industry Trends
2.2 Photovoltaic Pump Industry Drivers
2.3 Photovoltaic Pump Industry Opportunities and Challenges
2.4 Photovoltaic Pump Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by Photovoltaic Pump Revenue (2019-2024)
3.2 Global Top Players by Photovoltaic Pump Sales (2019-2024)
3.3 Global Top Players by Photovoltaic Pump Price (2019-2024)
3.4 Global Photovoltaic Pump Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Photovoltaic Pump Key Company Manufacturing Sites & Headquarters
3.6 Global Photovoltaic Pump Company, Product Type & Application
3.7 Global Photovoltaic Pump Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Photovoltaic Pump Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Photovoltaic Pump Players Market Share by Revenue in 2023
  3.8.3 2023 Photovoltaic Pump Tier 1, Tier 2, and Tier

4 PHOTOVOLTAIC PUMP REGIONAL STATUS AND OUTLOOK

4.1 Global Photovoltaic Pump Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Photovoltaic Pump Historic Market Size by Region
  4.2.1 Global Photovoltaic Pump Sales in Volume by Region (2019-2024)
  4.2.2 Global Photovoltaic Pump Sales in Value by Region (2019-2024)
  4.2.3 Global Photovoltaic Pump Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Photovoltaic Pump Forecasted Market Size by Region
  4.3.1 Global Photovoltaic Pump Sales in Volume by Region (2025-2030)
  4.3.2 Global Photovoltaic Pump Sales in Value by Region (2025-2030)
  4.3.3 Global Photovoltaic Pump Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 PHOTOVOLTAIC PUMP BY APPLICATION

5.1 Photovoltaic Pump Market by Application
  5.1.1 Living Water
  5.1.2 Agrirculture
  5.1.3 Others
5.2 Global Photovoltaic Pump Market Size by Application
  5.2.1 Global Photovoltaic Pump Market Size Overview by Application (2019-2030)
  5.2.2 Global Photovoltaic Pump Historic Market Size Review by Application (2019-2024)
  5.2.3 Global Photovoltaic Pump Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America Photovoltaic Pump Sales Breakdown by Application (2019-2024)
  5.3.2 Europe Photovoltaic Pump Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific Photovoltaic Pump Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America Photovoltaic Pump Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa Photovoltaic Pump Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 LORENTZ
  6.1.1 LORENTZ Comapny Information
  6.1.2 LORENTZ Business Overview
  6.1.3 LORENTZ Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 LORENTZ Photovoltaic Pump Product Portfolio
  6.1.5 LORENTZ Recent Developments
6.2 Grundfos
  6.2.1 Grundfos Comapny Information
  6.2.2 Grundfos Business Overview
  6.2.3 Grundfos Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 Grundfos Photovoltaic Pump Product Portfolio
  6.2.5 Grundfos Recent Developments
6.3 CRI Group
  6.3.1 CRI Group Comapny Information
  6.3.2 CRI Group Business Overview
  6.3.3 CRI Group Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 CRI Group Photovoltaic Pump Product Portfolio
  6.3.5 CRI Group Recent Developments
6.4 Mono Pumps
  6.4.1 Mono Pumps Comapny Information
  6.4.2 Mono Pumps Business Overview
  6.4.3 Mono Pumps Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 Mono Pumps Photovoltaic Pump Product Portfolio
  6.4.5 Mono Pumps Recent Developments
6.5 Shakti Solar
  6.5.1 Shakti Solar Comapny Information
  6.5.2 Shakti Solar Business Overview
  6.5.3 Shakti Solar Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 Shakti Solar Photovoltaic Pump Product Portfolio
  6.5.5 Shakti Solar Recent Developments
6.6 Tata Power
  6.6.1 Tata Power Comapny Information
  6.6.2 Tata Power Business Overview
  6.6.3 Tata Power Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Tata Power Photovoltaic Pump Product Portfolio
  6.6.5 Tata Power Recent Developments
6.7 Bright Solar
  6.7.1 Bright Solar Comapny Information
  6.7.2 Bright Solar Business Overview
  6.7.3 Bright Solar Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 Bright Solar Photovoltaic Pump Product Portfolio
  6.7.5 Bright Solar Recent Developments
6.8 USL
  6.8.1 USL Comapny Information
  6.8.2 USL Business Overview
  6.8.3 USL Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 USL Photovoltaic Pump Product Portfolio
  6.8.5 USL Recent Developments
6.9 Advanced Power
  6.9.1 Advanced Power Comapny Information
  6.9.2 Advanced Power Business Overview
  6.9.3 Advanced Power Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 Advanced Power Photovoltaic Pump Product Portfolio
  6.9.5 Advanced Power Recent Developments
6.10 SAJ
  6.10.1 SAJ Comapny Information
  6.10.2 SAJ Business Overview
  6.10.3 SAJ Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 SAJ Photovoltaic Pump Product Portfolio
  6.10.5 SAJ Recent Developments
6.11 Chinalight Solar
  6.11.1 Chinalight Solar Comapny Information
  6.11.2 Chinalight Solar Business Overview
  6.11.3 Chinalight Solar Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Chinalight Solar Photovoltaic Pump Product Portfolio
  6.11.5 Chinalight Solar Recent Developments
6.12 CEEG
  6.12.1 CEEG Comapny Information
  6.12.2 CEEG Business Overview
  6.12.3 CEEG Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 CEEG Photovoltaic Pump Product Portfolio
  6.12.5 CEEG Recent Developments
6.13 Quoncion Solar
  6.13.1 Quoncion Solar Comapny Information
  6.13.2 Quoncion Solar Business Overview
  6.13.3 Quoncion Solar Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.13.4 Quoncion Solar Photovoltaic Pump Product Portfolio
  6.13.5 Quoncion Solar Recent Developments
6.14 Komaes Solar
  6.14.1 Komaes Solar Comapny Information
  6.14.2 Komaes Solar Business Overview
  6.14.3 Komaes Solar Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.14.4 Komaes Solar Photovoltaic Pump Product Portfolio
  6.14.5 Komaes Solar Recent Developments
6.15 Solartech
  6.15.1 Solartech Comapny Information
  6.15.2 Solartech Business Overview
  6.15.3 Solartech Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.15.4 Solartech Photovoltaic Pump Product Portfolio
  6.15.5 Solartech Recent Developments
6.16 MNE
  6.16.1 MNE Comapny Information
  6.16.2 MNE Business Overview
  6.16.3 MNE Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.16.4 MNE Photovoltaic Pump Product Portfolio
  6.16.5 MNE Recent Developments
6.17 Evergreen Group
  6.17.1 Evergreen Group Comapny Information
  6.17.2 Evergreen Group Business Overview
  6.17.3 Evergreen Group Photovoltaic Pump Sales, Revenue and Gross Margin (2019-2024)
  6.17.4 Evergreen Group Photovoltaic Pump Product Portfolio
  6.17.5 Evergreen Group Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America Photovoltaic Pump Sales by Country
  7.1.1 North America Photovoltaic Pump Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America Photovoltaic Pump Sales by Country (2019-2024)
  7.1.3 North America Photovoltaic Pump Sales Forecast by Country (2025-2030)
7.2 North America Photovoltaic Pump Market Size by Country
  7.2.1 North America Photovoltaic Pump Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America Photovoltaic Pump Market Size by Country (2019-2024)
  7.2.3 North America Photovoltaic Pump Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe Photovoltaic Pump Sales by Country
  8.1.1 Europe Photovoltaic Pump Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe Photovoltaic Pump Sales by Country (2019-2024)
  8.1.3 Europe Photovoltaic Pump Sales Forecast by Country (2025-2030)
8.2 Europe Photovoltaic Pump Market Size by Country
  8.2.1 Europe Photovoltaic Pump Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe Photovoltaic Pump Market Size by Country (2019-2024)
  8.2.3 Europe Photovoltaic Pump Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific Photovoltaic Pump Sales by Country
  9.1.1 Asia-Pacific Photovoltaic Pump Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific Photovoltaic Pump Sales by Country (2019-2024)
  9.1.3 Asia-Pacific Photovoltaic Pump Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Photovoltaic Pump Market Size by Country
  9.2.1 Asia-Pacific Photovoltaic Pump Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific Photovoltaic Pump Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific Photovoltaic Pump Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America Photovoltaic Pump Sales by Country
  10.1.1 Latin America Photovoltaic Pump Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America Photovoltaic Pump Sales by Country (2019-2024)
  10.1.3 Latin America Photovoltaic Pump Sales Forecast by Country (2025-2030)
10.2 Latin America Photovoltaic Pump Market Size by Country
  10.2.1 Latin America Photovoltaic Pump Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America Photovoltaic Pump Market Size by Country (2019-2024)
  10.2.3 Latin America Photovoltaic Pump Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa Photovoltaic Pump Sales by Country
  11.1.1 Middle East and Africa Photovoltaic Pump Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa Photovoltaic Pump Sales by Country (2019-2024)
  11.1.3 Middle East and Africa Photovoltaic Pump Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Photovoltaic Pump Market Size by Country
  11.2.1 Middle East and Africa Photovoltaic Pump Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa Photovoltaic Pump Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa Photovoltaic Pump Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 Photovoltaic Pump Value Chain Analysis
  12.1.1 Photovoltaic Pump Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 Photovoltaic Pump Production Mode & Process
12.2 Photovoltaic Pump Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 Photovoltaic Pump Distributors
  12.2.3 Photovoltaic Pump Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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