India Solar Pumps Market Insights: Opportunities, Trends, Demand, Growth Outlook [2021-2026]

 

MarkNtel Advisors analyses the growth rate of the India Solar Pumps market in the forecast period from 2021 to 2026. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the India Solar Pumps market, helping them make informed decisions.

Market Outlook – 2021-2026:

The India Solar Pumps Market is anticipated to grow at a considerable CAGR of 25% during 2021-26. The overall solar water pump demand is gaining considerable momentum for its extensive usage in irrigation and domestic purposes. To provide substantial capital subsidy support to the farmers, the government decided to install solar water pumps in India. Maharashtra contributed with the highest market share in 2020. Under the National Solar Mission of India, an initiative to promote solar energy in the country, the government has set a target of achieving 100 GW of solar power by the year 2022.

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Key Company Profiles

This report explores recent significant developments in the India Solar Pumps Market, focusing on the leading companies and their innovative profiles. The major players in the India Solar Pumps Market, featured in this report, include:

• Grundfos
• Kirloskar Brothers
• Ravindra Energy
• Bright Solar
• R.I. Pumps
• Claro Energy
• Jain Irrigation
• Shakti Pumps
• lpex Solar
• Tata Power Solar Systems

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the India Solar Pumps Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type

• Submersible Pumps
• Surface Pumps

By Drive

• AC Pump
• DC Pump

By Power Rating

• Upto 3 HP
• 1 HP to 10 HP
• 1 HP to 12.5 HP
• 6 HP to 19 HP
• Above 19 HP

By Applications

• Irrigation
• Residential
• Others

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Key Questions Addressed:

• Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
• Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
• Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
• Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
• Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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