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Solar Pump Inverter-Global Market Insights and Sales Trends 2025
Synopsis
Solar pumping inverter converts DC current from the solar array into AC current to drive the pump. With the function of MPPT (maximum power point tracking), it regulates the output frequency according to irradiation in real time to achieve the maximum power.
Solar Inverters Features:
1. Adopting the proposed dynamic VI maximum power point tracking (MPPT) control method; Fast response and stable operation; Better than the conventional methods which may lead to the problems including poor tracking performances, unstable or even cause water hammer damaging when the irradiation on the array changes rapidly.
2. The solar pumping inverters system is dispensed with energy storing devices, and stores water instead of electricity. It improves the reliability of the device, at the same time, it lowers the construction and maintenance costs of the system dramatically.
3. Digital control; automatic operation and data acquisition/storage of 8 years, etc; 98% of conversion efficiency, and complete protection.
4. In-line blocks; user friendly; convenient for operating; perfect cooling and shielding.
The global Solar Pump Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Pump Inverter in various end use industries. The expanding demands from the Commercial Use and Home Use, are propelling Solar Pump Inverter market. Single Purpose, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Multipurpose segment is estimated at % CAGR for the next seven-year period.
Global Solar Pump Inverter key players include ABB, Hitachi, Voltronic Power, etc. Global top three manufacturers hold a share over 40%.
Europe is the largest market, with a share about 70%, followed by Africa and Middle East, both have a share over 25 percent.
In terms of product, Single Purpose is the largest segment, with a share about 95%. And in terms of application, the largest application is Commercial Use, followed by Home Use.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Pump Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Pump Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Pump Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Pump Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Pump Inverter covered in this report include ABB, Hitachi, Voltronic Power, Schneider Electric, GRUNDFOS, B&B Power, Sollatek, Solar Tech and Gozuk, etc.
The global Solar Pump Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hitachi
Voltronic Power
Schneider Electric
GRUNDFOS
B&B Power
Sollatek
Solar Tech
Gozuk
MNE
Voltacon
Hober
Global Solar Pump Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Pump Inverter market, Segment by Type:
Single Purpose
Multipurpose
Global Solar Pump Inverter market, by Application
Commercial Use
Home Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Pump Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Pump Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Solar pumping inverter converts DC current from the solar array into AC current to drive the pump. With the function of MPPT (maximum power point tracking), it regulates the output frequency according to irradiation in real time to achieve the maximum power.
Solar Inverters Features:
1. Adopting the proposed dynamic VI maximum power point tracking (MPPT) control method; Fast response and stable operation; Better than the conventional methods which may lead to the problems including poor tracking performances, unstable or even cause water hammer damaging when the irradiation on the array changes rapidly.
2. The solar pumping inverters system is dispensed with energy storing devices, and stores water instead of electricity. It improves the reliability of the device, at the same time, it lowers the construction and maintenance costs of the system dramatically.
3. Digital control; automatic operation and data acquisition/storage of 8 years, etc; 98% of conversion efficiency, and complete protection.
4. In-line blocks; user friendly; convenient for operating; perfect cooling and shielding.
The global Solar Pump Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Pump Inverter in various end use industries. The expanding demands from the Commercial Use and Home Use, are propelling Solar Pump Inverter market. Single Purpose, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Multipurpose segment is estimated at % CAGR for the next seven-year period.
Global Solar Pump Inverter key players include ABB, Hitachi, Voltronic Power, etc. Global top three manufacturers hold a share over 40%.
Europe is the largest market, with a share about 70%, followed by Africa and Middle East, both have a share over 25 percent.
In terms of product, Single Purpose is the largest segment, with a share about 95%. And in terms of application, the largest application is Commercial Use, followed by Home Use.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Pump Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Pump Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Pump Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Pump Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Pump Inverter covered in this report include ABB, Hitachi, Voltronic Power, Schneider Electric, GRUNDFOS, B&B Power, Sollatek, Solar Tech and Gozuk, etc.
The global Solar Pump Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hitachi
Voltronic Power
Schneider Electric
GRUNDFOS
B&B Power
Sollatek
Solar Tech
Gozuk
MNE
Voltacon
Hober
Global Solar Pump Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Pump Inverter market, Segment by Type:
Single Purpose
Multipurpose
Global Solar Pump Inverter market, by Application
Commercial Use
Home Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Pump Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Pump Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Solar Pump Inverter Market Overview
1.1 Solar Pump Inverter Product Overview
1.2 Solar Pump Inverter Market Segment by Type
1.2.1 Single Purpose
1.2.2 Multipurpose
1.3 Global Solar Pump Inverter Market Size by Type
1.3.1 Global Solar Pump Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Pump Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Pump Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Pump Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Pump Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Pump Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Pump Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Pump Inverter Sales Breakdown by Type (2018-2023)
2 Global Solar Pump Inverter Market Competition by Company
2.1 Global Top Players by Solar Pump Inverter Sales (2018-2023)
2.2 Global Top Players by Solar Pump Inverter Revenue (2018-2023)
2.3 Global Top Players by Solar Pump Inverter Price (2018-2023)
2.4 Global Top Manufacturers Solar Pump Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Pump Inverter Market Competitive Situation and Trends
2.5.1 Solar Pump Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Pump Inverter Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Pump Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Pump Inverter Market
2.8 Key Manufacturers Solar Pump Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Pump Inverter Status and Outlook by Region
3.1 Global Solar Pump Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Pump Inverter Historic Market Size by Region
3.2.1 Global Solar Pump Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Pump Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Solar Pump Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Pump Inverter Forecasted Market Size by Region
3.3.1 Global Solar Pump Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Pump Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Solar Pump Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Pump Inverter by Application
4.1 Solar Pump Inverter Market Segment by Application
4.1.1 Commercial Use
4.1.2 Home Use
4.2 Global Solar Pump Inverter Market Size by Application
4.2.1 Global Solar Pump Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Pump Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Pump Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Pump Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Pump Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Pump Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Pump Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Pump Inverter Sales Breakdown by Application (2018-2023)
5 North America Solar Pump Inverter by Country
5.1 North America Solar Pump Inverter Historic Market Size by Country
5.1.1 North America Solar Pump Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Pump Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Pump Inverter Sales in Value by Country (2018-2023)
5.2 North America Solar Pump Inverter Forecasted Market Size by Country
5.2.1 North America Solar Pump Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Pump Inverter Sales in Value by Country (2024-2029)
6 Europe Solar Pump Inverter by Country
6.1 Europe Solar Pump Inverter Historic Market Size by Country
6.1.1 Europe Solar Pump Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Pump Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Pump Inverter Sales in Value by Country (2018-2023)
6.2 Europe Solar Pump Inverter Forecasted Market Size by Country
6.2.1 Europe Solar Pump Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Pump Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Pump Inverter by Region
7.1 Asia-Pacific Solar Pump Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Solar Pump Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Pump Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Pump Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Pump Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Pump Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Pump Inverter Sales in Value by Region (2024-2029)
8 Latin America Solar Pump Inverter by Country
8.1 Latin America Solar Pump Inverter Historic Market Size by Country
8.1.1 Latin America Solar Pump Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Pump Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Pump Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Solar Pump Inverter Forecasted Market Size by Country
8.2.1 Latin America Solar Pump Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Pump Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Pump Inverter by Country
9.1 Middle East and Africa Solar Pump Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Solar Pump Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Pump Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Pump Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Pump Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Pump Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Pump Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Solar Pump Inverter Products Offered
10.1.5 ABB Recent Development
10.2 Hitachi
10.2.1 Hitachi Company Information
10.2.2 Hitachi Introduction and Business Overview
10.2.3 Hitachi Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Hitachi Solar Pump Inverter Products Offered
10.2.5 Hitachi Recent Development
10.3 Voltronic Power
10.3.1 Voltronic Power Company Information
10.3.2 Voltronic Power Introduction and Business Overview
10.3.3 Voltronic Power Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Voltronic Power Solar Pump Inverter Products Offered
10.3.5 Voltronic Power Recent Development
10.4 Schneider Electric
10.4.1 Schneider Electric Company Information
10.4.2 Schneider Electric Introduction and Business Overview
10.4.3 Schneider Electric Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electric Solar Pump Inverter Products Offered
10.4.5 Schneider Electric Recent Development
10.5 GRUNDFOS
10.5.1 GRUNDFOS Company Information
10.5.2 GRUNDFOS Introduction and Business Overview
10.5.3 GRUNDFOS Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GRUNDFOS Solar Pump Inverter Products Offered
10.5.5 GRUNDFOS Recent Development
10.6 B&B Power
10.6.1 B&B Power Company Information
10.6.2 B&B Power Introduction and Business Overview
10.6.3 B&B Power Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 B&B Power Solar Pump Inverter Products Offered
10.6.5 B&B Power Recent Development
10.7 Sollatek
10.7.1 Sollatek Company Information
10.7.2 Sollatek Introduction and Business Overview
10.7.3 Sollatek Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sollatek Solar Pump Inverter Products Offered
10.7.5 Sollatek Recent Development
10.8 Solar Tech
10.8.1 Solar Tech Company Information
10.8.2 Solar Tech Introduction and Business Overview
10.8.3 Solar Tech Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Solar Tech Solar Pump Inverter Products Offered
10.8.5 Solar Tech Recent Development
10.9 Gozuk
10.9.1 Gozuk Company Information
10.9.2 Gozuk Introduction and Business Overview
10.9.3 Gozuk Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Gozuk Solar Pump Inverter Products Offered
10.9.5 Gozuk Recent Development
10.10 MNE
10.10.1 MNE Company Information
10.10.2 MNE Introduction and Business Overview
10.10.3 MNE Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 MNE Solar Pump Inverter Products Offered
10.10.5 MNE Recent Development
10.11 Voltacon
10.11.1 Voltacon Company Information
10.11.2 Voltacon Introduction and Business Overview
10.11.3 Voltacon Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Voltacon Solar Pump Inverter Products Offered
10.11.5 Voltacon Recent Development
10.12 Hober
10.12.1 Hober Company Information
10.12.2 Hober Introduction and Business Overview
10.12.3 Hober Solar Pump Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hober Solar Pump Inverter Products Offered
10.12.5 Hober Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Pump Inverter Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Pump Inverter Industrial Chain Analysis
11.4 Solar Pump Inverter Market Dynamics
11.4.1 Solar Pump Inverter Industry Trends
11.4.2 Solar Pump Inverter Market Drivers
11.4.3 Solar Pump Inverter Market Challenges
11.4.4 Solar Pump Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Pump Inverter Distributors
12.3 Solar Pump Inverter Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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