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.
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.
In India, solar water pump market has witnessed significant growth in recent years, driven predominantly by government subsidies. Different state governments and central government have sporadically introduced policies such as Maharashtra’s Mukhyamantri Saur Krishi Pump Yojana, solar program by NREDCAP, among others, over the years to increase the adoption of the solar water pumping system in the agricultural domain. Such initiatives are expected to give a supply-side push to the market, thereby increasing the annual sales of the solar water pumping systems in the coming years.
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Market Analysis by Power Rating
Among power ratings, solar pumps with lower power ratings bagged the highest volume share in 2020.
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.
Porter’s Five Force Analysis
Market Opportunity Assessment
India Solar Water Pumping Systems Market Share, By Players
Market Drivers and Restraints
India Solar Water Pumping Systems Market Trends and Industry Life Cycle
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
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
Market Size & Forecast of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, until 2027F
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
Historical Data of India On-Grid Solar Water Pumping Systems Market Revenues and Volume, by Power Rating, for the Period 2016-2020
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