Market Overview

India Solar Water Pumping Systems Market 2018-2024: Analysis & Forecast by Power Rating, Design Type, Drive Type, Application, Region and Competitive Landscape - ResearchAndMarkets.com

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The "India
Solar Water Pumping Systems Market (2018-2024): Market Forecast by Power
Ratings, Design Type, Drive Type, Applications, Regions and Competitive
Landscape"
report has been added to ResearchAndMarkets.com's
offering.

The National Solar Mission of India is targeting 100 GW of solar energy
by the year 2022, which has fueled the demand for solar-powered
resources in the country. India solar water pumping systems market
exhibited substantial growth over the past few years.

Although, the overall cost of solar water pumping systems is higher than
electric and diesel pumps, however, the government is providing up to
90% subsidy to the consumers in order to encourage the installation of
solar water pumps in the country.

According to this research, the solar water pumping system market is
projected to grow at a CAGR of over 27% during
2018-2024.

Among different power ratings, 3.1 to 10 HP solar pumps segment bagged
highest revenue share in 2017 followed by up to 3 HP segment. 3.1 to 10
HP segment is projected to record highest growth rate during the
forecast period attributed to its affordability and high subsidies
provided by the government. Further, with depleting groundwater level,
there is a rising demand for submersible solar pumps and the segment is
projected to grow significantly over the coming years.

In 2017, western region contributed the highest revenue share towards
overall India solar water pumping systems market. However, the northern
region is anticipated to register the highest growth during the forecast
period owing to various state government targets of solar pumps
installation in the region.

Markets Covered

Power Ratings

  • Up to 3 HP
  • 3.1 to 10 HP
  • 10.1 to 12.5 HP
  • 12.6 to 19 HP
  • Above 19 HP

Design Types

  • Surface Pump
  • Submersible Pump

Drive Types

  • AC Motor
  • DC Motor

Applications

  • Irrigation
  • Others (Drinking, Fountains, livestock watering, municipal services,
    etc.)

Regions

  • Northern
  • Eastern
  • Western
  • Southern

Companies Profiled

  • Alpex Solar
  • Bright Solar
  • Claro Energy
  • Jain Irrigation Systems
  • Kirloskar Brothers
  • Lubi Solar
  • Shakti Pumps (India)
  • Tata Power Solar Systems
  • Topsun Energy
  • Waaree Energies

For more information about this report visit https://www.researchandmarkets.com/research/krqp33/india_solar_water?w=4

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