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Global Photovoltaic Pump Market Research Report 2025
Synopsis
A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.
The global Photovoltaic Pump market was valued at US$ 728.1 million in 2023 and is anticipated to reach US$ 1100.1 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.
India is the largest Photovoltaic Pump market with about 37% market share. Europe and China are follower, accounting for about 42% market share.
The key players are LORENTZ, Grundfos, CRI Group, Mono Pumps, Shakti Solar, Tata Power, Bright Solar, USL, Advanced Power, SAJ, Chinalight Solar, CEEG, Quoncion Solar, Komaes Solar, Solartech, MNE, Evergreen Group etc. Top 3 companies occupied about 34% market share.
This report aims to provide a comprehensive presentation of the global market for Photovoltaic Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaic Pump.
Report Scope
The Photovoltaic Pump market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Photovoltaic Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Photovoltaic Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
LORENTZ
Grundfos
CRI Group
Mono Pumps
Shakti Solar
Tata Power
Bright Solar
USL
Advanced Power
SAJ
Chinalight Solar
CEEG
Quoncion Solar
Komaes Solar
Solartech
MNE
Evergreen Group
Segment by Type
DC Surface Suction
AC Submersible
DC Submersible
AC Floating
Segment by Application
Living Water
Agrirculture
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Photovoltaic Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Photovoltaic Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Photovoltaic Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A Photovoltaic pump (AKA Solar pump) is a pump running on electricity generated by photovoltaic panels or the thermal energy available from collected sunlight as opposed to grid electricity or diesel run water pumps. The operation of solar powered pumps is more economical mainly due to the lower operation and maintenance costs and has less environmental impact than pumps powered by an internal combustion engine (ICE). Solar pumps are useful where grid electricity is unavailable and alternative sources (in particular wind) do not provide sufficient energy.
The global Photovoltaic Pump market was valued at US$ 728.1 million in 2023 and is anticipated to reach US$ 1100.1 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.
India is the largest Photovoltaic Pump market with about 37% market share. Europe and China are follower, accounting for about 42% market share.
The key players are LORENTZ, Grundfos, CRI Group, Mono Pumps, Shakti Solar, Tata Power, Bright Solar, USL, Advanced Power, SAJ, Chinalight Solar, CEEG, Quoncion Solar, Komaes Solar, Solartech, MNE, Evergreen Group etc. Top 3 companies occupied about 34% market share.
This report aims to provide a comprehensive presentation of the global market for Photovoltaic Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaic Pump.
Report Scope
The Photovoltaic Pump market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Photovoltaic Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Photovoltaic Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
LORENTZ
Grundfos
CRI Group
Mono Pumps
Shakti Solar
Tata Power
Bright Solar
USL
Advanced Power
SAJ
Chinalight Solar
CEEG
Quoncion Solar
Komaes Solar
Solartech
MNE
Evergreen Group
Segment by Type
DC Surface Suction
AC Submersible
DC Submersible
AC Floating
Segment by Application
Living Water
Agrirculture
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Photovoltaic Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Photovoltaic Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Photovoltaic Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Photovoltaic Pump Market Overview
1.1 Product Definition
1.2 Photovoltaic Pump Segment by Type
1.2.1 Global Photovoltaic Pump Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 DC Surface Suction
1.2.3 AC Submersible
1.2.4 DC Submersible
1.2.5 AC Floating
1.3 Photovoltaic Pump Segment by Application
1.3.1 Global Photovoltaic Pump Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Living Water
1.3.3 Agrirculture
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Photovoltaic Pump Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Photovoltaic Pump Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Photovoltaic Pump Production Estimates and Forecasts (2019-2030)
1.4.4 Global Photovoltaic Pump Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Photovoltaic Pump Production Market Share by Manufacturers (2019-2024)
2.2 Global Photovoltaic Pump Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Photovoltaic Pump, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Photovoltaic Pump Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Photovoltaic Pump Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Photovoltaic Pump, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Photovoltaic Pump, Product Offered and Application
2.8 Global Key Manufacturers of Photovoltaic Pump, Date of Enter into This Industry
2.9 Photovoltaic Pump Market Competitive Situation and Trends
2.9.1 Photovoltaic Pump Market Concentration Rate
2.9.2 Global 5 and 10 Largest Photovoltaic Pump Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Photovoltaic Pump Production by Region
3.1 Global Photovoltaic Pump Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Photovoltaic Pump Production Value by Region (2019-2030)
3.2.1 Global Photovoltaic Pump Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Photovoltaic Pump by Region (2025-2030)
3.3 Global Photovoltaic Pump Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Photovoltaic Pump Production by Region (2019-2030)
3.4.1 Global Photovoltaic Pump Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Photovoltaic Pump by Region (2025-2030)
3.5 Global Photovoltaic Pump Market Price Analysis by Region (2019-2024)
3.6 Global Photovoltaic Pump Production and Value, Year-over-Year Growth
3.6.1 North America Photovoltaic Pump Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Photovoltaic Pump Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Photovoltaic Pump Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Photovoltaic Pump Production Value Estimates and Forecasts (2019-2030)
4 Photovoltaic Pump Consumption by Region
4.1 Global Photovoltaic Pump Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Photovoltaic Pump Consumption by Region (2019-2030)
4.2.1 Global Photovoltaic Pump Consumption by Region (2019-2024)
4.2.2 Global Photovoltaic Pump Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Photovoltaic Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Photovoltaic Pump Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Photovoltaic Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Photovoltaic Pump Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Photovoltaic Pump Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Photovoltaic Pump Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Photovoltaic Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Photovoltaic Pump Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Photovoltaic Pump Production by Type (2019-2030)
5.1.1 Global Photovoltaic Pump Production by Type (2019-2024)
5.1.2 Global Photovoltaic Pump Production by Type (2025-2030)
5.1.3 Global Photovoltaic Pump Production Market Share by Type (2019-2030)
5.2 Global Photovoltaic Pump Production Value by Type (2019-2030)
5.2.1 Global Photovoltaic Pump Production Value by Type (2019-2024)
5.2.2 Global Photovoltaic Pump Production Value by Type (2025-2030)
5.2.3 Global Photovoltaic Pump Production Value Market Share by Type (2019-2030)
5.3 Global Photovoltaic Pump Price by Type (2019-2030)
6 Segment by Application
6.1 Global Photovoltaic Pump Production by Application (2019-2030)
6.1.1 Global Photovoltaic Pump Production by Application (2019-2024)
6.1.2 Global Photovoltaic Pump Production by Application (2025-2030)
6.1.3 Global Photovoltaic Pump Production Market Share by Application (2019-2030)
6.2 Global Photovoltaic Pump Production Value by Application (2019-2030)
6.2.1 Global Photovoltaic Pump Production Value by Application (2019-2024)
6.2.2 Global Photovoltaic Pump Production Value by Application (2025-2030)
6.2.3 Global Photovoltaic Pump Production Value Market Share by Application (2019-2030)
6.3 Global Photovoltaic Pump Price by Application (2019-2030)
7 Key Companies Profiled
7.1 LORENTZ
7.1.1 LORENTZ Photovoltaic Pump Corporation Information
7.1.2 LORENTZ Photovoltaic Pump Product Portfolio
7.1.3 LORENTZ Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.1.4 LORENTZ Main Business and Markets Served
7.1.5 LORENTZ Recent Developments/Updates
7.2 Grundfos
7.2.1 Grundfos Photovoltaic Pump Corporation Information
7.2.2 Grundfos Photovoltaic Pump Product Portfolio
7.2.3 Grundfos Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Grundfos Main Business and Markets Served
7.2.5 Grundfos Recent Developments/Updates
7.3 CRI Group
7.3.1 CRI Group Photovoltaic Pump Corporation Information
7.3.2 CRI Group Photovoltaic Pump Product Portfolio
7.3.3 CRI Group Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.3.4 CRI Group Main Business and Markets Served
7.3.5 CRI Group Recent Developments/Updates
7.4 Mono Pumps
7.4.1 Mono Pumps Photovoltaic Pump Corporation Information
7.4.2 Mono Pumps Photovoltaic Pump Product Portfolio
7.4.3 Mono Pumps Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Mono Pumps Main Business and Markets Served
7.4.5 Mono Pumps Recent Developments/Updates
7.5 Shakti Solar
7.5.1 Shakti Solar Photovoltaic Pump Corporation Information
7.5.2 Shakti Solar Photovoltaic Pump Product Portfolio
7.5.3 Shakti Solar Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Shakti Solar Main Business and Markets Served
7.5.5 Shakti Solar Recent Developments/Updates
7.6 Tata Power
7.6.1 Tata Power Photovoltaic Pump Corporation Information
7.6.2 Tata Power Photovoltaic Pump Product Portfolio
7.6.3 Tata Power Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Tata Power Main Business and Markets Served
7.6.5 Tata Power Recent Developments/Updates
7.7 Bright Solar
7.7.1 Bright Solar Photovoltaic Pump Corporation Information
7.7.2 Bright Solar Photovoltaic Pump Product Portfolio
7.7.3 Bright Solar Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Bright Solar Main Business and Markets Served
7.7.5 Bright Solar Recent Developments/Updates
7.8 USL
7.8.1 USL Photovoltaic Pump Corporation Information
7.8.2 USL Photovoltaic Pump Product Portfolio
7.8.3 USL Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.8.4 USL Main Business and Markets Served
7.7.5 USL Recent Developments/Updates
7.9 Advanced Power
7.9.1 Advanced Power Photovoltaic Pump Corporation Information
7.9.2 Advanced Power Photovoltaic Pump Product Portfolio
7.9.3 Advanced Power Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Advanced Power Main Business and Markets Served
7.9.5 Advanced Power Recent Developments/Updates
7.10 SAJ
7.10.1 SAJ Photovoltaic Pump Corporation Information
7.10.2 SAJ Photovoltaic Pump Product Portfolio
7.10.3 SAJ Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.10.4 SAJ Main Business and Markets Served
7.10.5 SAJ Recent Developments/Updates
7.11 Chinalight Solar
7.11.1 Chinalight Solar Photovoltaic Pump Corporation Information
7.11.2 Chinalight Solar Photovoltaic Pump Product Portfolio
7.11.3 Chinalight Solar Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Chinalight Solar Main Business and Markets Served
7.11.5 Chinalight Solar Recent Developments/Updates
7.12 CEEG
7.12.1 CEEG Photovoltaic Pump Corporation Information
7.12.2 CEEG Photovoltaic Pump Product Portfolio
7.12.3 CEEG Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.12.4 CEEG Main Business and Markets Served
7.12.5 CEEG Recent Developments/Updates
7.13 Quoncion Solar
7.13.1 Quoncion Solar Photovoltaic Pump Corporation Information
7.13.2 Quoncion Solar Photovoltaic Pump Product Portfolio
7.13.3 Quoncion Solar Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Quoncion Solar Main Business and Markets Served
7.13.5 Quoncion Solar Recent Developments/Updates
7.14 Komaes Solar
7.14.1 Komaes Solar Photovoltaic Pump Corporation Information
7.14.2 Komaes Solar Photovoltaic Pump Product Portfolio
7.14.3 Komaes Solar Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Komaes Solar Main Business and Markets Served
7.14.5 Komaes Solar Recent Developments/Updates
7.15 Solartech
7.15.1 Solartech Photovoltaic Pump Corporation Information
7.15.2 Solartech Photovoltaic Pump Product Portfolio
7.15.3 Solartech Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Solartech Main Business and Markets Served
7.15.5 Solartech Recent Developments/Updates
7.16 MNE
7.16.1 MNE Photovoltaic Pump Corporation Information
7.16.2 MNE Photovoltaic Pump Product Portfolio
7.16.3 MNE Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.16.4 MNE Main Business and Markets Served
7.16.5 MNE Recent Developments/Updates
7.17 Evergreen Group
7.17.1 Evergreen Group Photovoltaic Pump Corporation Information
7.17.2 Evergreen Group Photovoltaic Pump Product Portfolio
7.17.3 Evergreen Group Photovoltaic Pump Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Evergreen Group Main Business and Markets Served
7.17.5 Evergreen Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Photovoltaic Pump Industry Chain Analysis
8.2 Photovoltaic Pump Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Photovoltaic Pump Production Mode & Process
8.4 Photovoltaic Pump Sales and Marketing
8.4.1 Photovoltaic Pump Sales Channels
8.4.2 Photovoltaic Pump Distributors
8.5 Photovoltaic Pump Customers
9 Photovoltaic Pump Market Dynamics
9.1 Photovoltaic Pump Industry Trends
9.2 Photovoltaic Pump Market Drivers
9.3 Photovoltaic Pump Market Challenges
9.4 Photovoltaic Pump Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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