印度太陽能水泵市場評估：依類型、依運行模式、依額定功率、依應用、依地區、機會、預測，2017-2031 年

2024-2031年預測期間內，印度太陽能水泵市場規模複合年增長率為23.2%，從2023年的4.5268億美元成長到2031年的24.0258億美元。太陽能水泵在實現印度到 2030 年可再生能源裝置容量 500 吉瓦的可再生能源目標方面發揮關鍵作用。由於能源效率、永續性和環保意識等因素，太陽能水泵在印度的好處是顯著的。太陽能水泵是一種可靠且可持續的能源，可降低營運成本，並為小農戶提供具有成本效益的解決方案。它不依賴電網，可以方便地安裝在陽光充足的地方。此外，政府的措施和激勵措施使太陽能水泵對於農業來說更加經濟實惠，進一步推動了市場成長。太陽能水泵為印度農業提供了一種可靠、經濟高效且環保的灌溉替代方案，使印度農業受益匪淺。它減少了農民的日常工作量，提高了生產力，並增加了平均收入。太陽能水泵有助於減少碳排放和地下水消耗，使其成為永續農業的重要組成部分。

本報告調查了印度的太陽能水泵市場，並提供了市場概況，以及依類型、運行模式、額定功率、應用、地區和進入市場的公司概況劃分的趨勢。

目錄

第一章研究方法

第 2 章專案範圍與定義

第 3 章執行摘要

第 4 章顧客回饋

第五章印度太陽能水泵市場前景，2017-2031

• 市場規模與預測
• 依類型
• 依運轉模式
• 依額定功率
• 依用途
• 依地區
• 各公司的市佔率 (%)，2023 年

第 6 章市場地圖，2023 年

第七章宏觀環境與產業結構

• 需求與供給分析
• 匯入/匯出分析
• 價值鏈分析
• PESTEL 分析
• 波特五力分析

第 8 章市場動態

第九章主要參與企業狀況

第10章價格分析

第 11 章案例研究

第 12 章主要進入者展望

• Tata Power Solar Systems Ltd.
• Adani Green Energy Limited
• Vikram Solar Ltd.
• Waaree Energies Ltd
• Loom Solar Pvt. Ltd.
• Shakti Pumps India Limited
• Kirloskar Brothers Limited (KBL)
• Lubi Electronics Pvt. Ltd.
• Aqua Group
• Amrut Energy Pvt Ltd.

第 13 章策略建議

第十四章查詢及免責聲明

India solar water pump market is projected to witness a CAGR of 23.2% during the forecast period FY2024-FY2031, growing from USD 452.68 million in FY2023 to USD 2402.58 million in FY2031. Solar water pumps are playing a crucial role in achieving the renewable energy target of India of 500 GW renewable energy capacity by 2030. The benefits of solar water pumps in India are significant, driven by factors such as energy efficiency, sustainability, and environmental awareness. Solar water pumps offer a reliable and sustainable energy source, reducing operating costs and providing a cost-effective solution for small-scale farmers. They are not reliant on the power grid and can be easily installed in areas with abundant sunlight. Moreover, the government's initiatives and incentives have made solar water pumps more affordable for agriculture, further driving market growth. Solar water pumps have significantly benefited agriculture in India by providing a reliable, cost-effective, and environment-friendly alternative for irrigation. They have reduced the daily workload of farmers, improved productivity, and increased average income. Solar water pumps have helped in reducing carbon emissions and groundwater depletion, making them a crucial element in sustainable agriculture.

For instance, in October 2023, Shakti Pumps secured an order to supply 50,000 off-grid solar photovoltaic water pumping systems to Maharashtra under the PM KUSUM Scheme. The project, valued at around USD 192.87 million, aimed to replace diesel-powered agriculture pumps with standalone solar water pumps. This initiative would immensely benefit farmers by providing a reliable water source for year-round irrigation, thereby increasing the agricultural productivity of the country.

Rise in Surface Solar Water Pumps is Propelling the Market Growth

The frequent utilization of surface solar water pumps has been a significant driver in India Solar Water Pump Market. Surface solar water pumps provide a reliable and sustainable energy source, as compared to the traditional pumps, and are more environmentally friendly, with no emissions and little to no carbon footprint. They are cost-effective and have lower operating costs, with easy installation in areas with limited access to electricity.

For instance, in September 2023, Uttar Pradesh government aimed to install over 30,000 solar photovoltaic surface irrigation pumps, with an estimated expenditure of USD 52.26 million. The initiative seeks to provide Indian farmers with a reliable and eco-friendly energy source for irrigation.

Utilization of Solar Water Pumps in Rural Electrification Augments Market Prospects

Solar water pumps have played a crucial role in rural electrification in India by providing a reliable and sustainable energy source for various applications, especially in agriculture. These pumps have enhanced agricultural productivity, improved irrigation capabilities, and contributed to better livelihoods for farmers, thereby supporting rural development and water access initiatives.

For instance, Ajmer Viduyt Vitran Nigam, Rajasthan awarded Shakti Pumps a USD 18.03 million contract for a solar water pump, reflecting the company's strong position in the solar water pump market. The contract is a testament to the bright prospects and government initiatives driving the solar water Pump market in India. Moreover, Shakti Pumps' robust performance and focus on the solar water pump segment position the company to capitalize on the expanding market and contribute to the rural electrification and agricultural development efforts in India.

Government Initiatives Acting as Catalyst

The need for government initiatives in solar water pumps in India is emphasized by the significant benefits offered for livelihoods and the environment. Solar water pumps run on clean, renewable energy, with no reliance on costly and polluting fossil fuels, providing free and dependable energy. However, the lack of running costs can lead to the overexploitation of groundwater resources, making government interventions crucial to ensure sustainable usage and maximize the environmental and economic benefits of solar water pumps.

For instance, in February 2023, the Public Health Engineering Department (PHED) of West Bengal invited bids for the solarization of Kolkata based West Bengal State Electricity Distribution Company Limited (WBSEDCL) energizing pumping installation at Jhargram, West Bengal. The estimated cost of the project is around USD 46,000, and the bid validity is for 180 days. The "Dual Solar Water Pump" scheme, assisted by the West Bengal government, aims to provide drinking water to remote locations as well, using solar energy-based dual pumps to supply water to households in areas where electricity is unavailable or unreliable.

Implementation of Solar Water Pumps for Wastewater Treatment

The utilization of solar water pumps for the purpose of wastewater treatment is propelling the market growth significantly. It is a sustainable and efficient approach to tackle water scarcity and pollution challenges. Solar water pumps can bring out water from a well, lake, or river of up to 350 meters, thereby making them ideal for wastewater treatment processes.

For instance, in January 2023, in Maoist-affected Bastar, Chhattisgarh, the use of solar power facilitates the provision of individual tap connections to rural homes, addressing the absence of electricity grids and bringing pollutant free tap water to these households. The initiative, supported by the Jal Jeevan Mission, has leveraged solar water pumps to ensure access to clean water, overcoming the challenges posed by the region's lack of electricity infrastructure. The adoption of solar power for water supply in Chhattisgarh exemplified the potential of renewable energy to enhance the living conditions of communities in remote and conflict-affected regions.

Northern India Comprehensively Led the Market in All Aspects

Northern India has led to the adoption of solar water pumps due to several factors. The region's scorching heat and limited access to electricity and water have made solar water pumps a valuable solution for farmers. It has positioned Northern India as a significant hub for the deployment of solar water pumps, especially in the agriculture sector, where they have transformed the lives of farmers by providing a cost-effective and environmentally friendly irrigation solution. In India, more than 0.2 million solar water pumps have been installed in 2023, out of which, Chhattisgarh held the record of highest solar water pump installations. In northern India, Rajasthan held the record of maximum installations followed by Uttar Pradesh.

For example, in January 2023, the Rajasthan government encouraged the farmers to set up solar water pumps in their fields by offering subsidies of up to 60% for pump installations. The government's focus on renewable energy is evident from its new Renewable Energy Policy, which aims to achieve 65 GW of solar capacity and 15 GW of wind-solar hybrid capacity by 2030. Approximately 99,000 farmers have installed solar water pumps for irrigation in the last decade, and concerns over groundwater depletion have led to calls for increased subsidies for more powerful pumps.

Future Market Scenario (FY2024 - FY2031F)

The market is anticipated to grow robustly over the upcoming years, driven by the increased use of renewable energy sources for solar water pumps, especially in the agriculture sector, and the government's goal to provide drinking water and agriculture with solar-powered solutions.

The Indian government offers hefty subsidies for solar water pumps, which can be between 70% and 95% of the pumps' original cost, to promote their adoption in the agriculture and water management sectors, thereby reflecting the government's commitment to driving market growth, which, in turn, is anticipated to lead to substantial opportunities over the upcoming years.

The market is strongly focused on the submersible and surface pumps, with an overall capacity ranging from up to 5 HP to more than 20 HP, catering to various agricultural and water treatment needs, thereby catering to several opportunities for market expedition in future.

Moreover, key market players are prioritizing the technological advancements of their respective solar water pumps to increase their revenue which can result in enormous possibilities for market expedition in future.

Key Players Landscape and Outlook

Key participants in India solar water pump market include Tata Power Solar Systems Ltd., Waaree Energies Ltd, Shakti Pumps India Limited, Adani Green Energy Limited, and Kirloskar Brothers Limited (KBL). Driven by the market's steady growth and increasing competition, major players in India solar water pump market have prioritized technological advancements and strategic partnerships to strengthen their market position.

In October 2023, Kirloskar Brothers Limited unveiled the cutting-edge 1 HP mini-series solar water pumps, Annika-I and Anisa-I. These innovative pumps were designed to provide efficient and reliable water pumping solutions. The launch of these pumps was aimed at addressing the growing demand for high-performance water pumps in various applications. The introduction of the Annika-I and Anisa-I pumps contributed to the company's commitment to delivering advanced pumping technologies to the market, catering to diverse customer needs.

In September 2023, Shakti Pumps secured a substantial contract worth USD 35.3 million from the Department of Agriculture, Uttar Pradesh, to supply, install, and commission 10,000 solar water pumps under the PM-KUSUM III scheme. The contract reflected the company's significant involvement in advancing solar pump technology and supporting agricultural development in the region.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Price
  • 4.2.2. Brand
  • 4.2.3. Quality
  • 4.2.4. Capacity
  • 4.2.5. Energy Consumption
  • 4.2.6. Lifespan
  • 4.2.7. Incentives and Subsidies
  • 4.2.8. Maintenance Requirements
  • 4.2.9. Return on Investment

5. India Solar Water Pump Market Outlook, FY2017-2031F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Type
  • 5.2.1. Submersible Solar Pumps
  • 5.2.2. Surface Solar Pumps
  • 5.2.3. Others
• 5.3. By Mode of Operation
  • 5.3.1. DC Pump
  • 5.3.2. AC Pump
• 5.4. By Power Rating
  • 5.4.1. Up to 5 HP
  • 5.4.2. 5 HP to 10 HP
  • 5.4.3. >10 HP to 20 HP
  • 5.4.4. >20 HP
• 5.5. By Application
  • 5.5.1. Drinking Water Supply
  • 5.5.2. Irrigation
  • 5.5.3. Livestock Watering
  • 5.5.4. Wastewater treatment
  • 5.5.5. Others
• 5.6. By Region
  • 5.6.1. East
  • 5.6.2. West and Central
  • 5.6.3. North
  • 5.6.4. South
• 5.7. By Company Market Share (%), FY2023

6. Market Mapping, FY2023

• 6.1. By Type
• 6.2. By Mode of Operation
• 6.3. By Power Rating
• 6.4. By Application
• 6.5. By Region

7. Macro Environment and Industry Structure

• 7.1. Demand Supply Analysis
• 7.2. Import Export Analysis
• 7.3. Value Chain Analysis
• 7.4. PESTEL Analysis
  • 7.4.1. Political Factors
  • 7.4.2. Economic System
  • 7.4.3. Social Implications
  • 7.4.4. Technological Advancements
  • 7.4.5. Environmental Impacts
  • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5. Porter's Five Forces Analysis
  • 7.5.1. Supplier Power
  • 7.5.2. Buyer Power
  • 7.5.3. Substitution Threat
  • 7.5.4. Threat from New Entrant
  • 7.5.5. Competitive Rivalry

8. Market Dynamics

• 8.1. Growth Drivers
• 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

• 9.1. Competition Matrix of Top Five Market Leaders
• 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2023)
• 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4. SWOT Analysis (For Five Market Players)
• 9.5. Patent Analysis (If Applicable)

10. Pricing Analysis

11. Case Studies

12. Key Players Outlook

• 12.1. Tata Power Solar Systems Ltd.
  • 12.1.1. Company Details
  • 12.1.2. Key Management Personnel
  • 12.1.3. Products & Services
  • 12.1.4. Financials (As reported)
  • 12.1.5. Key Market Focus & Geographical Presence
  • 12.1.6. Recent Developments
• 12.2. Adani Green Energy Limited
• 12.3. Vikram Solar Ltd.
• 12.4. Waaree Energies Ltd
• 12.5. Loom Solar Pvt. Ltd.
• 12.6. Shakti Pumps India Limited
• 12.7. Kirloskar Brothers Limited (KBL)
• 12.8. Lubi Electronics Pvt. Ltd.
• 12.9. Aqua Group
• 12.10. Amrut Energy Pvt Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us & Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Solar Water Pump Market, By Value, in USD Million, FY2017-FY2031F
• Figure 2. India Solar Water Pump Market, By Volume, in Thousand Units, FY2017-FY2031F
• Figure 3. India Solar Water Pump Market Share (%), By Type, FY2017-FY2031F
• Figure 4. India Solar Water Pump Market Share (%), By Mode of Operation, FY2017-FY2031F
• Figure 5. India Solar Water Pump Market Share (%), By Power Rating, FY2017-FY2031F
• Figure 6. India Solar Water Pump Market Share (%), By Application, FY2017-FY2031F
• Figure 7. India Solar Water Pump Market Share (%), By Region, FY2017-FY2031F
• Figure 8. By Type Map-Market Size (USD Million) & Growth Rate (%), FY2023
• Figure 9. By Mode of Operation Map-Market Size (USD Million) & Growth Rate (%), FY2023
• Figure 10. By Power Rating Map-Market Size (USD Million) & Growth Rate (%), FY2023
• Figure 11. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2023
• Figure 12. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2023