The Solar Powered Pumps Market is expected to grow at a CAGR of 10.18%, reaching a market size of US$6.56 billion in 2030 from US$4.04 billion in 2025.
Solar-powered pumps are a better alternative to traditional electric and fuel-powered pump sets as they are cost-effective, easy-to-use, and energy-efficient. These pumps are extensively being used in residential and commercial settings as well as in agriculture. They use solar energy, eliminating the need for fuel, and are thus a more feasible and environment-friendly option for pumping water. At the same time, it is beneficial for countries where farmers have low incomes and limited access to traditional fuels for pumping water. The market is also accelerated by increasing government investment in affordable, reliable, and environmentally sustainable energy infrastructure, particularly for the agricultural sector. Further, the rising technological advancement in solar technology is propelling the market growth of solar-powered pumps.
As solar-powered water pumps use photovoltaic technology that converts solar energy into electricity, they are increasingly being demanded by the agricultural sector in place of pollution-causing diesel-powered pumps. The cost-effectiveness of solar-powered pumps also drives its demand in this sector. It is especially beneficial for countries with low-income farmers and limited access to traditional fuels.
A solar pumping system has three main components: an electric motor, a photovoltaic (PV) array, and a pump. These pumps are categorized as direct current (DC) or alternating current (AC) based on their motor type. They are widely used across various sectors, with key applications in agriculture, waste management, and industries.
Solar-powered pumps are a better alternative to traditional electric and fuel-powered pump sets as they are cost-effective, easy-to-use, and energy-efficient. These pumps are extensively being used in residential and commercial settings as well as in agriculture. They use solar energy, eliminating the need for fuel, and are thus a more feasible and environment-friendly option for pumping water. At the same time, it is beneficial for countries where farmers have low incomes and limited access to traditional fuels for pumping water. The market is also accelerated by increasing government investment in affordable, reliable, and environmentally sustainable energy infrastructure, particularly for the agricultural sector. Further, the rising technological advancement in solar technology is propelling the market growth of solar-powered pumps.
As solar-powered water pumps use photovoltaic technology that converts solar energy into electricity, they are increasingly being demanded by the agricultural sector in place of pollution-causing diesel-powered pumps. The cost-effectiveness of solar-powered pumps also drives its demand in this sector. It is especially beneficial for countries with low-income farmers and limited access to traditional fuels.
A solar pumping system has three main components: an electric motor, a photovoltaic (PV) array, and a pump. These pumps are categorized as direct current (DC) or alternating current (AC) based on their motor type. They are widely used across various sectors, with key applications in agriculture, waste management, and industries.
Solar-powered Pumps Market Drivers
Solar-powered pump's cost-effectiveness, accessibility, reliability, and sustainability are pushing its market growth
Solar-powered pumps are more cost-effective than the traditional fuel-powered pumps. At the same time, these pumps are environmentally sustainable as they eliminate the need for carbon dioxide-producing fuels. Thus, many countries worldwide have begun to use a clean, accessible, and renewable form of energy that is sustainable for irrigation. For instance, Egypt, with its high solar radiation of 2000 to 3,200 kWh/m² and 9 to 11 hours of sunshine daily, is using it for domestic use, irrigation, livestock watering, and village water supply. Hence, the increasing demand for solar-powered pumps is driven by their cost-effectiveness, reliability, and sustainability, making them an attractive solution for various sectors.Solar-Powered Pumps Market geographical outlook:
Asia-Pacific will dominate the market share of Solar-Powered Pumps
The global solar-powered pumps market has been segmented into five major regional markets: North America, South America, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC). Asia-Pacific accounts for a significant share of the global solar-powered pumps market. The market is poised to grow at a substantial rate during the forecast period as well. Countries like China and India with these countries are increasingly adopting solar-powered pumps for their irrigation as well as for wastewater management. Government initiatives like PM-KUSUSM in India are propelling the market growth of solar-powered pumps.Reasons for buying this report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The solar-powered pumps market is segmented and analyzed as follows:
By Motor Type
- AC Pump
- DC Pump
By Application
- Agriculture
- Water Management
- Industrial
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. SOLAR-POWERED PUMPS MARKET BY MOTOR TYPE
6. SOLAR-POWERED PUMPS MARKET BY APPLICATION
7. SOLAR-POWERED PUMPS MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- Vincent Solar Energy
- Tata Power Solar Systems
- LORENTZ
- SunEdison Infrastructure
- Lubi Industries LLP
- Oswal Pumps
- Greenmax Technology
- Shakti Pumps India Ltd
- Aquatec International
- Well Pump Group
- Franklin Electric Inc.
- SOLAR PUMPTEC
- Aquasub Engineering
- Bright Solar Limited
- GRUNDFOS
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 4.04 Billion |
Forecasted Market Value ( USD | $ 6.56 Billion |
Compound Annual Growth Rate | 10.1% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |