India Solar Pumps Market Breakdown By Size, Share, Growth, Trends, and Industry 2026- MarkNtel Advisors

 According to Markntel Advisors Report, India Solar Pumps Market is expected to grow at a significant growth rate, and the analysis period is 2021-2026, considering the base year as 2020. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

India Solar Pumps Market Analysis, 2021 research report depicts a deep-dive market analysis of statistics of India solar pumps market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.

 

India Solar Pumps Market Research Report & Summary:

According to MarkNtel Advisors’ research report titled “India solar pumps Market Analysis, 2021”, the India solar pumps market is anticipated to grow at a considerable CAGR of 25% during 2021-26.                    

Time Period Captured in the Report:

·        Historical Years: 2016-19

·        Base Years: 2020

·        Forecast Years: 2021-26

Who are the Key Players Operating in the India Solar Pumps Market?

The top companies of the India Solar Pumps Market ruling the industry are: 

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

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What is Included in India Solar Pumps Market Segmentation?

The India Solar Pumps Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• 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

 Explore the Complete India Solar Pumps Market Analysis Report – https://www.marknteladvisors.com/research-library/india-solar-pumps-market.html

Market Segmentation

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”.

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