Global Solar Pump Inverter Market Insights, Forecast to 2025

Solar Pump Inverter Market Statistics 2025

The Solar Pump Inverter market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solar Pump Inverter. 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 EMEA average price of Solar Pump Inverter is in the decreasing trend, from 140 USD/KW in 2013 to 129 USD/KW in 2017. With the situation of EMEA economy, prices will be in decreasing trend in the following five years. The classification of Solar Pump Inverter includes Single Purpose and Multipurpose solar pump inverter. The proportion of Single Purpose in 2017 is about 95%. Europe region is the largest consumption of Solar Pump Inverter, with a consumption market share nearly 73% in 2017. Africa is the second largest consumption of Solar Pump Inverter, enjoying consumption market share nearly 16% in 2017. This report presents the worldwide Solar Pump Inverter market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Solar Pump Inverter Market By Company

•     ABB
•     Hitachi
•     Voltronic Power
•     Schneider Electric
•     GRUNDFOS
•     B&B Power
•     Sollatek
•     Solar Tech
•     Gozuk
•     MNE
•     Voltacon
•     Hober

Solar Pump Inverter Breakdown Data by Type

•     Single Purpose
•     Multipurpose

Solar Pump Inverter Breakdown Data by Application

•     Commercial Use
•     Home Use

Solar Pump Inverter by Region

• North America
•         United States
•         Canada
•         Mexico
•     Asia-Pacific
•         China
•         India
•         Japan
•         South Korea
•         Australia
•         Indonesia
•         Malaysia
•         Philippines
•         Thailand
•         Vietnam
•     Europe
•         Germany
•         France
•         UK
•         Italy
•         Russia
•         Rest of Europe
•     Central & South America
•         Brazil
•         Rest of South America
•     Middle East & Africa
•         GCC Countries
•         Turkey
•         Egypt
•         South Africa
•         Rest of Middle East & Africa

The study objectives are:

•     To analyze and research the global Solar Pump Inverter status and future forecast，involving, production, revenue, consumption, historical and forecast.
•     To present the key Solar Pump Inverter manufacturers, production, revenue, market share, and recent development.
•     To split the breakdown data by regions, type, manufacturers and applications.
•     To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
•     To identify significant trends, drivers, influence factors in global and regions.
•     To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Solar Pump Inverter:

•     History Year: 2014 - 2018
•     Base Year: 2018
•     Estimated Year: 2019
•     Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (KW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solar Pump Inverter market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources. For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.