India Solar Pumps Market Trend, Size, Share, Trends, Growth, Report and Forecast 2021-2026

The India Solar Pumps Market is expected to grow at a CAGR of around 25% during the forecast period, i.e., 2021-26. MarkNtel Advisors’ recently published versions of the study on the India Solar Pumps Industry (2021-2026) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.

Essential Parameters

• Timefrvame and Metrics
• Historical Period: 2016-19
• Base Year: 2020
• Forecast Years: 2021-2026
• Units: USD Million/Billion
• Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
• Before creating a roadmap or checklist for the research report, we seek to understand the client’s perspective and objectives.
• The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
• We use both primary and secondary research approaches to gather unbiased and comprehensive market information.

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Analyzing the Segmentations for the India Solar Pumps Market

Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:

By Type

-Submersible Pumps

-Surface Pumps

By Drive

-AC Pump

-DC Pump

By Power Rating

-Upto 3 HP

-3.1 HP to 10 HP

-10.1 HP to 12.5 HP

-12.6 HP to 19 HP

-Above 19 HP

By Applications

-Irrigation

-Residential

-Others.

AC Pump Segment Acquired the Significant Market Share

AC submersible water pumps are majorly installed for irrigation and residential purposes, therefore, the segment had acquired the largest market share in 2020. The Ministry of New and Renewable Energy (MNRE) has set an ambitious target to install at least 10 lakh solar water pumping systems in various states of the country for irrigation and drinking requirements by 2020-21.

Western Region Held the Highest Market Share in 2021

In 2021, the western region dominated the market with the highest revenue share toward the overall India solar water pumping systems market. However, the northern region is anticipated to register highest growth in forthcoming years on account of various state government targets of solar pumps installations in the region.

Also, the submersible solar pump segment is gaining traction with depleting groundwater levels, thus, there is a growing demand for submersible solar pumps as stated in the MarkNtel Advisors’ research report “India Solar Pumps Market Analysis, 2021”. 

View Full Report with TOC & List of Figure: https://www.marknteladvisors.com/research-library/india-solar-pumps-market.html

Exploring the Geographical Landscape of the India Solar Pumps Industry

Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:

Do You Know Who are the Leading Companies in the India Solar Pumps Market?  

Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the India Solar Pumps Market companies:

-Grundfos

-Kirloskar Brothers

-Ravindra Energy

-Bright Solar

-C.R.I. Pumps

-Claro Energy

-Jain Irrigation

-Shakti Pumps

-lpex Solar

-Tata Power Solar Systems.

Key Questions Addressed in the India Solar Pumps Market Research Report:

• What is the estimated size, share, and CAGR of the India Solar Pumps Market in the forecast period?
• What are the key trends projected to impact the India Solar Pumps Market during 2021-2026?
• What are the different segments & sub-segments considered in the India Solar Pumps Market research study?
• Who are the key stakeholders and players participating in the India Solar Pumps Market?
• What are the major aspects creating opportunistic arena for the India Solar Pumps Market?
• What would be the demand for different types of products/services in the India Solar Pumps Market through 2026?
• What all factors would create challenge for the India Solar Pumps Industry growth?

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