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India Solar Water Pumping System Market (2021-2027): Market Forecast

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India Solar Water Pumping System Market (2021-2027): Market Forecast By Power Rating (Up To 3 HP, 3.1-5 HP, 5.1-7.5 HP, 7.6-10 HP, 10.1-12 HP, 12.1-19 HP, Above 19 HP), By Design Type (Surface, Submersible), By Drive Type (AC Pump, DC Pump), By Applications (Irrigation And Others (Drinking, Fountains, Livestock Watering, Municipal Service, Etc.)), By Regions (Northern, Eastern, Western And Southern) And Competitive Landscape.

India Solar Water Pumping Systems market report comprehensively covers the market by power rating, design type, drive type, applications, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics
India Solar Water Pumping Systems Market Synopsis
India Solar Water Pumping Systems Market has been exhibiting substantial growth over the past few years. Growing adoption of renewable energy resources, especially solar, along with government initiatives such as the "Pradhan Mantri - Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM KUSUM)" scheme with the aim to install 20 lakh units of standalone Solar Water Pumping Systems by 2022, would act as driving forces behind growing market demand for solar water pumps. Further, subsidy provisions and lower operating costs of the Solar Water Pumping Systems would incentivize the farmers to increase the adoption of solar water pumps over the coming years. However, COVID- 19 pandemic impacted on the growth of the deployment of the pumps across the country, but state governments and central government policies such as Maharashtras Mukhyamantri Saur Krishi Pump Yojana, solar program by NREDCAP, among others, are expected to increase the annual sales of the Solar Water Pumping Systems in the coming years.
According to 6Wresearch, India Solar Water Pumping Systems Market size is projected to grow at CAGR of 7.0% during 2021-27. India Solar Water Pumping Systems market is mainly subsidy driven, where direct sales accounts for a negligible share in the market. The financial aid is only extended for up to the 7.5HP solar water pumping category. Thus, the growth in the respective segment of solar-based water pumping system showed a better increase in past years. However, falling prices of the Solar Water Pumping Systems of the ratings mentioned above on the back of increasing competitiveness in the market are expected to create a moderate drag on the growth of market revenues over the coming years.

Market Analysis by Power Rating
Among power ratings, solar pumps with lower power ratings bagged the highest volume share in 2020. Moreover, up to 3 HP segment is projected to exhibit the highest growth rate during the forecast period, attributed to its affordability, durability, and higher incentives and subsidies provided by the government on such pumps. Also, with the lower groundwater level, the demand for submersible Solar Water Pumping Systems outweighs the demand for its other counterpart. However, the surface solar water pumping segment is projected to exhibit high growth over the coming years.
Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.
Key Highlights of the Report
India Solar Water Pumping Systems Market Overview.
India Solar Water Pumping Systems Market Outlook.
India Solar Water Pumping Systems Market Forecast.
Historical Data and forecast of India Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
India Off-Grid Solar Water Pumping Systems Market Size and Market Forecast of Revenues and Volume, Until 2027
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, until 2027F
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Design Type, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Design Type, until 2027F
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Drive Type, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Drive Type, until 2027F
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Applications, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues and Volume, by Applications, until 2027F
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues, by Regions, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues, by Regions, until 2027F
Historical Data of India Off-Grid Solar Water Pumping Systems Market Revenues of Regions, by Power Rating, for the Period 2016-2020
Market Size & Forecast of India Off-Grid Solar Water Pumping Systems Market Revenues of Regions, by Power Rating, until 2027F
Historical Data of India On-Grid Solar Water Pumping Systems Market Revenues and Volume for the Period 2016-2020
India On-Grid Solar Water Pumping Systems Market Size and Market Forecast of Revenues and Volume, Until 2027F
Historical Data of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, for the Period 2016-2020
Market Size & Forecast of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, until 2027F
Market Drivers and Restraints
India Solar Water Pumping Systems Market Trends and Industry Life Cycle
Porters Five Force Analysis
Market Opportunity Assessment
India Solar Water Pumping Systems Market Share, By Players
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Power Rating
By Off-Grid Solar Pumping Systems
Up to 3 HP
1 to 10 HP
1 to 12.5 HP
6 to 19 HP
Above 19 HP
By On-Grid Solar Pumping Systems
Up to 3 HP
1 to 7.5 HP
Above 7.5 HP
By Design Type
Surface
Submersible
By Drive Type
AC Pump
DC Pump
By Application
Lift Irrigation
Others (Drinking, livestock watering, municipal services, etc.)
By Regions
Northern
Southern
Eastern
Western

TABLE OF CONTENTS

1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
2.6. Definitions
3. India Solar Water Pumping System Market Overview
3.1. India Solar Water Pumping System Market Revenues & Volume (2016-2027F)
3.2. India Solar Water Pumping System Market Revenue & Volume Share (2020 & 2027F)
3.3. India Solar Water Pumping System Market Porter’s Five Forces
3.4. India Solar Water Pumping System Market Ecosystem
3.5. India Solar Water Pumping System Cost Analysis
4. India Solar Water Pumping System Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. India Solar Water Pumping System Market Trends
6. India Solar Off-Grid Water Pumping System Market Overview
6.1. India Solar Off-Grid Water Pumping System Market Revenues and Volume (2016-2027F)
6.2. India Solar Off-Grid Water Pumping System Market Revenue & Volume Share, By Power Rating (2020 & 2027F)
6.2.1. India Solar Off-Grid Water Pumping System Market Revenues, By Power Rating (2016-2027F)
6.2.2. India Solar Off-Grid Water Pumping System Market Volume, By Power Rating (2016-2027F)
6.3. India Solar Off-Grid Water Pumping System Market Revenue & Volume Share, By Design Type (2020 & 2027F)
6.3.1. India Solar Off-Grid Water Pumping System Market Revenues, By Design Type (2016-2027F)
6.3.2. India Solar Off-Grid Water Pumping System Market Volume, By Design Type (2016-2027F)
6.4. India Solar Off-Grid Water Pumping System Market Revenue & Volume Share, By Drive Type (2020 & 2027F)
6.4.1. India Solar Off-Grid Water Pumping System Market Revenues, By Drive Type (2016-2027F)
6.4.2. India Solar Off-Grid Water Pumping System Market Volume, By Drive Type (2016-2027F)
6.5. India Solar Off-Grid Water Pumping System Market Revenue & Volume Share, By Applications (2020 & 2027F)
6.5.1. India Solar Off-Grid Water Pumping System Market Revenues, By Applications (2016-2027F)
6.5.2. India Solar Off-Grid Water Pumping System Market Volume, By Applications (2016-2027F)
6.6. India Solar Off-Grid Water Pumping System Market Revenue Share, By Regions (2020 & 2027F)
6.6.1. India Solar Off-Grid Water Pumping System Market Revenues, By Northern Region (2016-2027F)
6.6.2. India Solar Off-Grid Water Pumping System Market Revenues, By Eastern Region (2016-2027F)
6.6.3. India Solar Off-Grid Water Pumping System Market Revenues, By Western Region (2016-2027F)
6.6.4. India Solar Off-Grid Water Pumping System Market Revenues, By Southern Region (2016-2027F)
7. India Solar On-Grid Water Pumping System Market Overview
7.1. India Solar On-Grid Water Pumping System Market Revenues and Volume (2016-2027F)
7.2. India Solar On-Grid Water Pumping System Market Revenue & Volume Share, By Power Rating (2020 & 2027F)
7.2.1. India Solar On-Grid Water Pumping System Market Revenues, By Power Rating (2016-2027F)
7.2.2. India Solar On-Grid Water Pumping System Market Volume, By Power Rating (2016-2027F)
8. India Solar Water Pumping System Market, Price Trend Analysis
9. India Solar Water Pumping System Market Opportunity Assessment
9.1. India Off-Grid Solar Water Pumping System Market Opportunity Assessment, By Power Rating (2027F)
9.2. India Off-Grid Solar Water Pumping System Market Opportunity Assessment, By Design Type (2027F)
9.3. India On-Grid Solar Water Pumping System Market Opportunity Assessment, By Power Rating (2027F)
10. India Solar Water Pumping System Market, Competitive Landscape
10.1. India Solar Water Pumping System Market Revenue Share, By Company, 2020
10.2. India Solar Water Pumping System Market Competitive Benchmarking, By Technical Parameter
10.3. India Solar Water Pumping System Market Competitive Benchmarking, By Operating Parameter
11. Company Profiles
11.1. Alpex Solar Private Limited
11.2. Bright Solar Private Limited
11.3. C.R.I. Pumps Private Limited
11.4. Claro Energy Private Limited
11.5. Grundfos Pump India Private Limited
11.6. Jain Irrigation Systems Limited
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 Limited
11.12. Topsun Energy Limited
11.13. Waaree Energies Limited
12. Key Strategic Recommendations
13. Disclaimer

List Of Tables

Table 1. Life Cycle Cost of Solar Water Pumping System for Irrigation (INR/Unit)
Table 2. Life Cycle Cost of Diesel Operated Pump for Irrigation (INR/Unit)
Table 3. Life Cycle Cost of Electric Water Pumping System for Irrigation (INR/Unit)
Table 4. Component- Wise Revised Solar Capacity and Financial Support (As of November 2020)
Table 5. Year- Wise Revised Target Under Component B and Component C (As of November 2020)
Table 6. Benchmark Costs by MNRE for Off- Grid Standalone Solar Pumps (2020-2021)
Table 7. India State Wise Sanctioned Solar Water Pumps Quantity Under Component-B, 2019-2020 (Units)
Table 8. India Solar Off-Grid Water Pumping System Market Revenues, By Power Rating, 2016-2027F (INR Crore)
Table 9. India Solar Off-Grid Water Pumping System Market Volume, By Power Rating, 2016-2027F (Thousand Units)
Table 10. India Solar Off-Grid Water Pumping System Market Revenues, By Design Type, 2016-2027F (INR Crore)
Table 11. India Solar Off-Grid Water Pumping System Market Volume, By Design Type, 2016-2027F (Thousand Units)
Table 12. India Solar Off-Grid Water Pumping System Market Revenues, By Drive Type, 2016-2027F (INR Crore)
Table 13. India Solar Off-Grid Water Pumping System Market Volume, By Drive Type, 2016-2027F (Thousand Units)
Table 14. India Solar Off-Grid Water Pumping System Market Revenues, By Applications, 2016-2027F (INR Crore)
Table 15. India Solar Off-Grid Water Pumping System Market Volume, By Applications, 2016-2027F (Thousand Units)
Table 16. India Solar On-Grid Water Pumping System Market Revenues, By Power Rating 2016-2027F (INR Crore)
Table 17. India Solar On-Grid Water Pumping System Market Volume, By Power Rating 2016-2027F (Thousand Units)

List Of Figures

Figure 1. India Solar Water Pumping System Market Revenues and Volume, 2016-2027F (INR Crore, Thousand Units)
Figure 2. India Solar Water Pumping System Market Revenue Share, By Types, 2020 & 2027F
Figure 3. India Solar Water Pumping System Market Volume Share, By Types, 2020 & 2027F
Figure 4. India Solar Water Pumping System Cost Break-Up, 2020
Figure 5. Life Cycle Cost Comparison of 3 HP Solar Vs Diesel Vs Electric Water Pumping System, 2019 (INR/ Unit)
Figure 6. India Solar Water Pumping System Subsidies, 2016-2019 (INR Crore)
Figure 7. India Solar Off-Grid Water Pumping System Market Revenues and Volume, 2016-2027F (INR Crore, Thousand Units)
Figure 8. India Solar Off-Grid Water Pumping System Market Revenue Share, By Power Rating, 2020 & 2027F
Figure 9. India Solar Off-Grid Water Pumping System Market Volume Share, By Power Rating, 2020 & 2027F
Figure 10. India Solar Off-Grid Water Pumping System Market Revenue Share, By Design Type, 2020 & 2027F
Figure 11. India Solar Off-Grid Water Pumping System Market Volume Share, By Design Type, 2020 & 2027F
Figure 12. India Solar Off-Grid Water Pumping System Market Revenue Share, By Drive Type, 2020 & 2027F
Figure 13. India Solar Off-Grid Water Pumping System Market Volume Share, By Drive Type, 2020 & 2027F
Figure 14. India Solar Off-Grid Water Pumping System Market Revenue Share, By Applications, 2020 & 2027F
Figure 15. India Solar Off-Grid Water Pumping System Market Volume Share, By Applications, 2020 & 2027F
Figure 16. India Solar Off-Grid Water Pumping System Market Volume Share, By Regions, 2020 & 2027F
Figure 17. India Solar Off-Grid Water Pumping System Market Revenues, By Northern Region 2016-2027F (INR Crore)
Figure 18. India Solar Off-Grid Water Pumping System Market Revenues, By Eastern Region 2016-2027F (INR Crore)
Figure 19. India Solar Off-Grid Water Pumping System Market Revenues, By Western Region 2016-2027F (INR Crore)
Figure 20. India Solar Off-Grid Water Pumping System Market Revenues, By Southern Region 2016-2027F (INR Crore)
Figure 21. India Solar On-Grid Water Pumping System Market Volume, 2016-2027F (INR Crore, Thousand Units)
Figure 22. India Solar On-Grid Water Pumping System Market Revenue Share, By Power Rating, 2020 & 2027F
Figure 23. India Solar On-Grid Water Pumping System Market Volume Share, By Power Rating, 2020 & 2027F
Figure 24. India Solar Water Pumping System Price Trend, INR Lakhs/ Unit (2016-2027F)
Figure 25. India Solar Off-Grid Water Pumping System Market Opportunity Assessment, By Power Rating, 2027F
Figure 26. India Solar Off-Grid Water Pumping System Market Opportunity Assessment, By Design Type, 2027F
Figure 27. India Solar On-Grid Water Pumping System Market Opportunity Assessment, By Power Rating, 2027F
Figure 28. India Solar Water Pumping System Market Revenue Share, By Companies, 2020
Figure 29. India Solar Water Pumping System Market – Ansoff Matrix

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