Wind Powered Water Pumps Market Report 2024

This Wind Powered Water Pumps market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The wind powered water pumps market size has grown strongly in recent years. It will grow from $2.49 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth during the historical period can be attributed to an increase in rural agricultural demand, limited access to electricity in remote regions, a rise in renewable energy incentives, solutions addressing water scarcity, a growing emphasis on sustainable farming practices, and government policies that promote the adoption of renewable energy.

The wind powered water pumps market size is expected to see strong growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth projected for the forecast period can be attributed to escalating water scarcity, rising energy costs, increasing government incentives for renewable energy, a growing need for off-grid water solutions in rural areas, heightened environmental awareness, and a rising demand for sustainable agricultural irrigation systems. Key trends during this period include advanced blade design, integration with solar energy systems for hybrid power, the adoption of IoT and smart controls for remote monitoring, improved durability with better materials, the development of portable wind pump models, and the implementation of innovative, sustainable, and low-maintenance solutions.

The increasing use of clean alternative energy sources is projected to drive the growth of the wind-powered water pump market in the future. These energy sources provide sustainable and eco-friendly power options, helping to reduce environmental impact and dependence on finite fossil fuels. The shift toward clean energy is promoting the wind-powered water pumps market by facilitating the adoption of environmentally friendly solutions. These pumps utilize wind energy to draw water from wells, rivers, or underground aquifers, making them a sustainable choice for pumping water, particularly in remote or rural areas with limited access to grid electricity. For example, in February 2024, the World Resources Institute, a US-based non-profit organization, reported that in 2023, the United States experienced a record installation of 31 gigawatts (GW) of solar energy capacity, a remarkable 55% increase compared to 2022, surpassing the previous record from 2021. Hence, the rise in clean alternative energy sources is propelling the growth of the wind-powered water pump market.

The growth of the agricultural sector is also expected to boost the wind-powered water pump market in the coming years. Increasing population and rising food demand have prompted farmers to adopt automation techniques to enhance efficiency. At the same time, sustainable farming practices are gaining traction, supported by government policies encouraging eco-friendly methods to address environmental challenges. Wind-powered water pumps are utilized in agriculture as a sustainable and cost-effective solution for irrigating crops and providing water to livestock, particularly in remote or off-grid areas. For instance, in February 2024, the Department for Environment, Food, and Rural Affairs, a UK government ministerial department, reported a 3.4% increase in the United Kingdom's agricultural industry's Total Factor Productivity (TFP) from 2021 to 2022. Thus, the growth in the agricultural sector is likely to drive the expansion of the wind-powered water pump market.

In April 2022, Lone Star Funds, a US-based private equity firm, acquired SPX Flow Inc. for an undisclosed amount. After the acquisition, the company is collaborating closely with the Lone Star team to accelerate strategic initiatives aimed at improving product quality and achieving profitable growth. SPX Flow Inc. is a US-based manufacturer of industrial machinery, with a focus on producing wind-powered water pumps.

Major companies operating in the wind powered water pumps market are Grundfos Holding A/S, SWECO AB, Graco Inc., WindEnergy7 LLC, Aquatic Control Inc., CNP Pumps India Pvt Ltd., IYSERT Energy Research SL, Suzlon Energy Ltd., EcoInnovation Ltd., Iron Man Windmill Co. Ltd., Aermotor Windmill Company Inc., Koenders Water Solutions Inc., Airwell Group Pty Ltd, Sarissa Precision Limited, Lone Star Windmill Company LLC, Southern Cross Windmills Pty Ltd, Bergey Windpower Co., Waterquip Pty Ltd, O'Brock Windmill Distributors LLC, Kijito Windpower Ltd.

Asia-Pacific was the largest region in the wind powered water pumps market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind powered water pumps marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the wind powered water pumps marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Wind-powered water pumps harness wind energy to mechanically pump water from natural sources such as wells or rivers to locations such as farms or households. These systems operate independently of conventional power sources by converting wind energy into mechanical power through a windmill or rotor, making them particularly suitable for off-grid areas.

The primary types of wind-powered water pumps include electrical pumps and mechanical pumps. Electrical pumps utilize wind energy to generate electricity, which powers a motor that drives the water pump efficiently, converting wind energy into electrical energy. They are often equipped with batteries or storage systems to ensure reliable operation during low-wind periods. The components of these systems can be categorized into mild steel frames, pneumatic cylinders, rotor blades, slider crank discs, shafts, ball bearings, and others. Capacity types include < 2.5 kWh, 2.5 kWh-10 kWh, and >10 kWh. These pumps are used for various applications such as irrigation, off-grid water supply, and water treatment plants.

The wind powered water pumps market research report is one of a series of new reports that provides wind powered water pumps market statistics, including wind powered water pumps industry global market size, regional shares, competitors with an wind powered water pumps market share, detailed wind powered water pumps market segments, market trends and opportunities, and any further data you may need to thrive in the wind powered water pumps industry. This wind powered water pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wind-powered water pumps market consists of sales of windmill-driven water pumps, hybrid wind-powered water pumps, high-capacity wind-powered water pumps, vertical-axis wind-powered water pumps, portable wind-powered water pumps, and automatic wind-powered water pumps. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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