India Solar Water Pumping System Market Report, 2016-2020 and 2021-2027

Dublin, November 10, 2021– (work wire)–The “India Solar Water Pumping Market (2021-2027): Market Forecast by Energy Classification, by Design Type, by Drive Type, by Applications, by Regions and Competitive Landscape.” Report added to ResearchAndMarkets.com an offer.

The market size of solar water pumping systems in India is expected to grow at a compound annual growth rate of 7.0% during 2021-2027

This report covers the market comprehensively by power classification, design type, drive type, applications and regions. The Market report provides a detailed and unbiased analysis of ongoing market trends, opportunities, high growth regions, and market drivers, helping stakeholders to establish and align their market strategies according to current and future market dynamics.

India Solar Water Pumping Systems Market Summary

The market for solar water pumping systems in India has witnessed significant growth over the past few years. The increasing adoption of renewable energy resources, especially solar energy, along with government initiatives such as the “Pradhan Mantri – Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM KUSUM)” scheme with the aim of installing 20 units of autonomous solar water pumping systems by 2022, will act as a force Driving the increasing market demand for solar water pumps.

Moreover, provisions for subsidies and reduced operating costs for solar water pumping systems would motivate farmers to increase adoption of solar water pumps over the coming years. However, the COVID-19 pandemic has affected the growth of pump penetration across the country, but state governments and central government policies such as Mukhyamantri Saur Krishi Pump Yojana in Maharashtra, and the NREDCAP Solar Program, among others, are expected to increase annually. Sales of solar water pumping systems in the coming years.

The solar water pumping systems market in India is mainly dependent on subsidies, with direct sales accounting for a negligible market share. Financial assistance extends only to the 7.5 HP solar water pump category. Hence, the growth in the private sector of solar based water pumping system has shown better increase in the past years.

However, lower prices of solar water pumping systems from the above ratings on the back of increasing market competitiveness is expected to create a moderate drag on market revenue growth over the coming years.

Market analysis by strength rating

Among the energy ratings, solar pumps with lower energy ratings had the highest volume share in 2020. Moreover, up to 3 HP is expected to show the highest growth rate during the forecast period, owing to its affordability, durability , and higher incentives and subsidies offered by the government on these pumps.

Also, with the low level of groundwater, the demand for submersible solar water pumping systems outweighs the demand for its other counterpart. However, the surface solar water pumping segment is expected to show high growth over the coming years.

The main attraction of the report

  • Impact of COVID-19 on the market

  • 10 years of market numbers

  • Historical data range from 2017 to 2020

  • Key performance indicators that affect the market

  • Major upcoming developments and projects

Main topics covered:

1. Executive Summary

2. Introduction

3. India Solar Water Pumping System Market Overview

3.1. India Solar Water Pumping System Market Revenue Size (2016-2027F)

3.2 India Solar Water Pumping System Market Revenue and Share Size (2020 and 2027F)

3.3 Solar Water Pumping System in India Porter’s Five Forces

3.4. solar water pumping system in india

3.5 Cost Analysis of Solar Water Pumping System in India

4. India Solar Water Pumping System Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restrictions

5. Market trends in India solar water pumping system

6. India Solar Water Pumping System Market Overview

6.1 India Off Grid Solar Water Pumping System Market Revenue & Size (2016-2027F)

6.2 India Off Grid Solar Water Pumping System Market Revenue and Share Size, by Energy Classification (2020 and 2027F)

6.3 India Off Grid Solar Water Pumping System Market Revenue and Share Size, by Design Type (2020 and 2027F)

6.4. India Off Grid Solar Water Pumping System Market Revenue and Share Size, by Drive Type (2020 and 2027F)

6.5. India Off Grid Solar Water Pumping System Market Revenue and Volume Share, by Applications (2020 and 2027F)

6.6. Off Grid Solar Water Pumping System Market Revenue Share, By Regions (2020 and 2027F)

7. Overview of the Solar Water Pumping System Market in India

7.1 India Solar Water Pumping System Market Revenue & Size (2016-2027F)

7.2 India On-grid Solar Water Pumping System Market Revenue and Share Size, by Energy Classification (2020 and 2027F)

7.2.1. Solar Water Pumping System Market Revenue in India, by Energy Classification (2016-2027F)

7.2.2. Solar Water Pumping System Market Size in India, by Energy Classification (2016-2027F)

8. India Solar Water Pumping System Market, Price Trend Analysis

9. Assessment of Solar Water Pumping System Market Opportunity in India

9.1 Assessment of the Off Grid Solar Water Pumping System Market Opportunity in India, by Energy Classification (2027F)

9.2. Evaluation of Off-Grid Solar Water Pumping System Market Opportunity in India, by Design Type (2027F)

9.3 Assessment of Solar Water Pumping System Market Opportunity in India, by Energy Classification (2027F)

10. India Solar Water Pump System Market, Competitive Landscape

10.1. Solar Water Pumping System Market Revenue Share in India, by Company, 2020

10.2. India Solar Water Pumping System Competitive Benchmark, By Technical Parameters

10.3. Solar Water Pumping System in India Competitive Benchmark, by Operating Parameter

11. Company Profiles

11.1. ALPICS SOLAR PRIVATE LIMITED

11.2. Bright Solar Private Limited

11.3. CRI Pumps Special Limited

11.4. Claro Energy Pvt. Ltd.

11.5. Grundfos Pump India Private Limited

11.6. Jain Irrigation Systems Co., Ltd.

11.7. Lubi Industries LLP

11.8 Ravindra Energy Limited

11.9 Rotomag Motors & Control Private Limited

11.10. Shakti Pumps (India) Limited

11.11. Tata Power Solar Systems Ltd

11.12. Topson Energy Co., Ltd.

11.13. Waaree Energy Limited

12. Key strategic recommendations

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View the source version on businesswire.com: https://www.businesswire.com/news/home/20211110006047/ar/

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