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Global Solar Pump VFD Market Research Report 2024
Synopsis
The Solar Pump VFD converts the direct current of the solar panel into alternating current, which can drive various water pumps, which are used to control and regulate the operation of the solar water pump system, and provide clean water for the remote areas where the power facilities are scarce.
Global Solar Pump VFD market is projected to reach US$ 1277.7 million in 2029, increasing from US$ 893 million in 2022, with the CAGR of 5.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Pump VFD market research.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.294 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Pump VFD market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
Hitachi
Voltronic Power
Schneider Electric
OREX
JNTECH
GRUNDFOS
INVT
B&B Power
Micno
Sollatek
Restar Solar
Solar Tech
Gozuk
MNE
Voltacon
Hober
MUST ENERGY Power
VEICHI
Sandi
Segment by Type
220V
380V
Segment by Application
Commercial
Home Use
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Solar Pump VFD report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
The Solar Pump VFD converts the direct current of the solar panel into alternating current, which can drive various water pumps, which are used to control and regulate the operation of the solar water pump system, and provide clean water for the remote areas where the power facilities are scarce.
Global Solar Pump VFD market is projected to reach US$ 1277.7 million in 2029, increasing from US$ 893 million in 2022, with the CAGR of 5.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Pump VFD market research.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.294 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Pump VFD market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
Hitachi
Voltronic Power
Schneider Electric
OREX
JNTECH
GRUNDFOS
INVT
B&B Power
Micno
Sollatek
Restar Solar
Solar Tech
Gozuk
MNE
Voltacon
Hober
MUST ENERGY Power
VEICHI
Sandi
Segment by Type
220V
380V
Segment by Application
Commercial
Home Use
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Solar Pump VFD report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Solar Pump VFD Market Overview
1.1 Product Definition
1.2 Solar Pump VFD Segment by Type
1.2.1 Global Solar Pump VFD Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 220V
1.2.3 380V
1.3 Solar Pump VFD Segment by Application
1.3.1 Global Solar Pump VFD Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Commercial
1.3.3 Home Use
1.4 Global Market Growth Prospects
1.4.1 Global Solar Pump VFD Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Solar Pump VFD Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Solar Pump VFD Production Estimates and Forecasts (2018-2029)
1.4.4 Global Solar Pump VFD Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Pump VFD Production Market Share by Manufacturers (2018-2023)
2.2 Global Solar Pump VFD Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Solar Pump VFD, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Solar Pump VFD Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solar Pump VFD Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Solar Pump VFD, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Pump VFD, Product Offered and Application
2.8 Global Key Manufacturers of Solar Pump VFD, Date of Enter into This Industry
2.9 Solar Pump VFD Market Competitive Situation and Trends
2.9.1 Solar Pump VFD Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Pump VFD Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Pump VFD Production by Region
3.1 Global Solar Pump VFD Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Pump VFD Production Value by Region (2018-2029)
3.2.1 Global Solar Pump VFD Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Solar Pump VFD by Region (2024-2029)
3.3 Global Solar Pump VFD Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Solar Pump VFD Production by Region (2018-2029)
3.4.1 Global Solar Pump VFD Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Solar Pump VFD by Region (2024-2029)
3.5 Global Solar Pump VFD Market Price Analysis by Region (2018-2023)
3.6 Global Solar Pump VFD Production and Value, Year-over-Year Growth
3.6.1 North America Solar Pump VFD Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Solar Pump VFD Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Solar Pump VFD Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Solar Pump VFD Production Value Estimates and Forecasts (2018-2029)
4 Solar Pump VFD Consumption by Region
4.1 Global Solar Pump VFD Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Solar Pump VFD Consumption by Region (2018-2029)
4.2.1 Global Solar Pump VFD Consumption by Region (2018-2023)
4.2.2 Global Solar Pump VFD Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Solar Pump VFD Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Solar Pump VFD Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Pump VFD Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Solar Pump VFD Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Pump VFD Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Solar Pump VFD Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Pump VFD Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Solar Pump VFD Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solar Pump VFD Production by Type (2018-2029)
5.1.1 Global Solar Pump VFD Production by Type (2018-2023)
5.1.2 Global Solar Pump VFD Production by Type (2024-2029)
5.1.3 Global Solar Pump VFD Production Market Share by Type (2018-2029)
5.2 Global Solar Pump VFD Production Value by Type (2018-2029)
5.2.1 Global Solar Pump VFD Production Value by Type (2018-2023)
5.2.2 Global Solar Pump VFD Production Value by Type (2024-2029)
5.2.3 Global Solar Pump VFD Production Value Market Share by Type (2018-2029)
5.3 Global Solar Pump VFD Price by Type (2018-2029)
6 Segment by Application
6.1 Global Solar Pump VFD Production by Application (2018-2029)
6.1.1 Global Solar Pump VFD Production by Application (2018-2023)
6.1.2 Global Solar Pump VFD Production by Application (2024-2029)
6.1.3 Global Solar Pump VFD Production Market Share by Application (2018-2029)
6.2 Global Solar Pump VFD Production Value by Application (2018-2029)
6.2.1 Global Solar Pump VFD Production Value by Application (2018-2023)
6.2.2 Global Solar Pump VFD Production Value by Application (2024-2029)
6.2.3 Global Solar Pump VFD Production Value Market Share by Application (2018-2029)
6.3 Global Solar Pump VFD Price by Application (2018-2029)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Solar Pump VFD Corporation Information
7.1.2 ABB Solar Pump VFD Product Portfolio
7.1.3 ABB Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Hitachi
7.2.1 Hitachi Solar Pump VFD Corporation Information
7.2.2 Hitachi Solar Pump VFD Product Portfolio
7.2.3 Hitachi Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Hitachi Main Business and Markets Served
7.2.5 Hitachi Recent Developments/Updates
7.3 Voltronic Power
7.3.1 Voltronic Power Solar Pump VFD Corporation Information
7.3.2 Voltronic Power Solar Pump VFD Product Portfolio
7.3.3 Voltronic Power Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Voltronic Power Main Business and Markets Served
7.3.5 Voltronic Power Recent Developments/Updates
7.4 Schneider Electric
7.4.1 Schneider Electric Solar Pump VFD Corporation Information
7.4.2 Schneider Electric Solar Pump VFD Product Portfolio
7.4.3 Schneider Electric Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Schneider Electric Main Business and Markets Served
7.4.5 Schneider Electric Recent Developments/Updates
7.5 OREX
7.5.1 OREX Solar Pump VFD Corporation Information
7.5.2 OREX Solar Pump VFD Product Portfolio
7.5.3 OREX Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.5.4 OREX Main Business and Markets Served
7.5.5 OREX Recent Developments/Updates
7.6 JNTECH
7.6.1 JNTECH Solar Pump VFD Corporation Information
7.6.2 JNTECH Solar Pump VFD Product Portfolio
7.6.3 JNTECH Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.6.4 JNTECH Main Business and Markets Served
7.6.5 JNTECH Recent Developments/Updates
7.7 GRUNDFOS
7.7.1 GRUNDFOS Solar Pump VFD Corporation Information
7.7.2 GRUNDFOS Solar Pump VFD Product Portfolio
7.7.3 GRUNDFOS Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.7.4 GRUNDFOS Main Business and Markets Served
7.7.5 GRUNDFOS Recent Developments/Updates
7.8 INVT
7.8.1 INVT Solar Pump VFD Corporation Information
7.8.2 INVT Solar Pump VFD Product Portfolio
7.8.3 INVT Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.8.4 INVT Main Business and Markets Served
7.7.5 INVT Recent Developments/Updates
7.9 B&B Power
7.9.1 B&B Power Solar Pump VFD Corporation Information
7.9.2 B&B Power Solar Pump VFD Product Portfolio
7.9.3 B&B Power Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.9.4 B&B Power Main Business and Markets Served
7.9.5 B&B Power Recent Developments/Updates
7.10 Micno
7.10.1 Micno Solar Pump VFD Corporation Information
7.10.2 Micno Solar Pump VFD Product Portfolio
7.10.3 Micno Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Micno Main Business and Markets Served
7.10.5 Micno Recent Developments/Updates
7.11 Sollatek
7.11.1 Sollatek Solar Pump VFD Corporation Information
7.11.2 Sollatek Solar Pump VFD Product Portfolio
7.11.3 Sollatek Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Sollatek Main Business and Markets Served
7.11.5 Sollatek Recent Developments/Updates
7.12 Restar Solar
7.12.1 Restar Solar Solar Pump VFD Corporation Information
7.12.2 Restar Solar Solar Pump VFD Product Portfolio
7.12.3 Restar Solar Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Restar Solar Main Business and Markets Served
7.12.5 Restar Solar Recent Developments/Updates
7.13 Solar Tech
7.13.1 Solar Tech Solar Pump VFD Corporation Information
7.13.2 Solar Tech Solar Pump VFD Product Portfolio
7.13.3 Solar Tech Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Solar Tech Main Business and Markets Served
7.13.5 Solar Tech Recent Developments/Updates
7.14 Gozuk
7.14.1 Gozuk Solar Pump VFD Corporation Information
7.14.2 Gozuk Solar Pump VFD Product Portfolio
7.14.3 Gozuk Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Gozuk Main Business and Markets Served
7.14.5 Gozuk Recent Developments/Updates
7.15 MNE
7.15.1 MNE Solar Pump VFD Corporation Information
7.15.2 MNE Solar Pump VFD Product Portfolio
7.15.3 MNE Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.15.4 MNE Main Business and Markets Served
7.15.5 MNE Recent Developments/Updates
7.16 Voltacon
7.16.1 Voltacon Solar Pump VFD Corporation Information
7.16.2 Voltacon Solar Pump VFD Product Portfolio
7.16.3 Voltacon Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.16.4 Voltacon Main Business and Markets Served
7.16.5 Voltacon Recent Developments/Updates
7.17 Hober
7.17.1 Hober Solar Pump VFD Corporation Information
7.17.2 Hober Solar Pump VFD Product Portfolio
7.17.3 Hober Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.17.4 Hober Main Business and Markets Served
7.17.5 Hober Recent Developments/Updates
7.18 MUST ENERGY Power
7.18.1 MUST ENERGY Power Solar Pump VFD Corporation Information
7.18.2 MUST ENERGY Power Solar Pump VFD Product Portfolio
7.18.3 MUST ENERGY Power Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.18.4 MUST ENERGY Power Main Business and Markets Served
7.18.5 MUST ENERGY Power Recent Developments/Updates
7.19 VEICHI
7.19.1 VEICHI Solar Pump VFD Corporation Information
7.19.2 VEICHI Solar Pump VFD Product Portfolio
7.19.3 VEICHI Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.19.4 VEICHI Main Business and Markets Served
7.19.5 VEICHI Recent Developments/Updates
7.20 Sandi
7.20.1 Sandi Solar Pump VFD Corporation Information
7.20.2 Sandi Solar Pump VFD Product Portfolio
7.20.3 Sandi Solar Pump VFD Production, Value, Price and Gross Margin (2018-2023)
7.20.4 Sandi Main Business and Markets Served
7.20.5 Sandi Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Pump VFD Industry Chain Analysis
8.2 Solar Pump VFD Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Pump VFD Production Mode & Process
8.4 Solar Pump VFD Sales and Marketing
8.4.1 Solar Pump VFD Sales Channels
8.4.2 Solar Pump VFD Distributors
8.5 Solar Pump VFD Customers
9 Solar Pump VFD Market Dynamics
9.1 Solar Pump VFD Industry Trends
9.2 Solar Pump VFD Market Drivers
9.3 Solar Pump VFD Market Challenges
9.4 Solar Pump VFD Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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