Technavio has announced the top five leading vendors in their recent global solar pumps market report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
Technavio analysts states that there is intense competition among the major vendors in the global solar pumps market. Apart from the top suppliers, several regional and local vendors have started manufacturing energy-efficient solar pumps, which are available at a lower price than their international counterparts.
“Though the market seems unsaturated with several new vendors, it is quite difficult for them to compete with international suppliers regarding quality, features, functionalities, and services. With the introduction of products with new features and technologies, the competition is predicted to become more aggressive,” says Anju Ajaykumar, a lead analyst at Technavio for engineering tools.
Top five solar pumps market vendors
Bright Solar was founded in 2010, and is headquartered in Ahmedabad, Gujarat, India. It is known for its innovative leadership in the field of solar-powered water pumping mechanisms. The company offers power solutions from solar energy to pump water. It develops, manufactures, and sells high-quality products that run on clean and cost-friendly solar energy. It has an internal lineup for all the sections of product manufacturing in mechanical, electronic, and software designing. The company has its manufacturing facility located in Ahmedabad, which supplies a range of products all over India and in other countries in APAC.
The company’s submersible water pump is in high demand due to its design and quality. This is available in all size ranges starting from 100 mm. Its submersible motor pumps are manufactured from high-quality raw materials using advanced manufacturing technology.
Lorentz was founded in 1993, and is headquartered in Henstedt-Ulzburg, Germany. The company is a leading manufacturer of solar-operated pump systems. Lorentz provides solar water pump systems, solar tracking systems, and photovoltaic modules together with all related hydraulic and electronic components. The company offers various products, including submersible solar pumps, surface solar pumps, solar pool pumps, solar pump accessories, solar tracking systems, PV modules, and LORENTZ CONNECTED, a pump monitoring, and management systems. These solutions find applications in drinking water, irrigation, and other fields.
Shakti Pumps was founded in 1982, and is headquartered in Dhar, India. It is a leading manufacturer of energy-efficient submersible pumps. The company offers a range of 1 hp to 100 hp solar pumps.
Shakti Pumps is also one of the largest manufacturers and exporters of solar pumps in India. The company offers a proven motor, pump and motor control, and solar PV maximum power point technology for reliable and fail-safe operations. These are also easy to operate and simple to install with no maintenance. They provide value for money, and offer attractive payback.
SunEdison was founded in 1959, and is headquartered in Maryland Heights, Missouri, US. It is a leading semiconductor and solar technology company. The company manufactures silicon wafers that have a variety of features and properties.
SunEdison solar water pumps are designed with the objective of water conservation. The company’s “know your farm” methodology ensures that system selection is based on an understanding of water resources and sustainability. This systems aids in the reduction of GHG emissions and carbon footprint related to electricity generation, and the energy necessary to transport fuel to the sites.
Tata Power Solar
Tata Power Solar was founded in 1989, and is headquartered in Bengaluru, India. It is one of the largest integrated solar companies globally, committed to promoting solar energy everywhere. It operates in three distinct segments, including cutting-edge manufacturing, EPC services, and creating innovative solar products.
In September 2014, Tata Power Solar won a significant DCR order under JNNSM Phase 2. Under this, the company will supply the entire module required for the 10 MW project to be built in Rajasthan by Palimarwar Solar Project Private Limited, owned by the L N Bangur Group.
In August 2014, in partnership with Tata Power Solar, Transphorm announced the introduction of India’s most efficient solar inverter that uses Transphorm’s patented EZ-GaN technology.