PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1666635
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1666635
Solar Water Pumps Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Solar Water Pumps Market, valued at USD 1.6 billion in 2024, is set to expand at an impressive CAGR of 8.8% from 2025 to 2034. These eco-friendly solutions are increasingly gaining traction, particularly in regions with limited electricity access and unreliable grid infrastructure. Solar water pumps provide an efficient, sustainable alternative for irrigation, significantly boosting agricultural productivity and improving livelihoods in areas where farming is a key source of income.
The submersible solar water pump segment is projected to reach USD 2 billion by 2034, driven by its extensive applications in agriculture and heightened focus on water conservation. These pumps are known for their high efficiency and capability to draw water directly from wells and boreholes, making them indispensable for irrigation and other water-intensive uses. Their minimal maintenance needs and ability to support water-saving initiatives further enhance their appeal, positioning them as a key player in the market.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $1.6 Billion |
| Forecast Value | $3.8 Billion |
| CAGR | 8.8% |
The AC solar water pump segment is anticipated to grow at a CAGR of 9% through 2034, fueled by government incentives promoting renewable energy adoption and the integration of hybrid systems. These pumps offer a cost-effective and environmentally sustainable alternative to traditional energy-reliant pumps, aligning with global efforts to minimize carbon emissions. Their critical role in advancing sustainable agriculture and efficient water management solutions underscores their growing adoption.
In the United States, the solar water pump market is projected to generate USD 300 million by 2034. Supportive policies aimed at transitioning agricultural practices to renewable energy and reducing reliance on fossil fuels are driving market growth. Additionally, efforts to promote sustainable water resource management and advanced irrigation techniques are contributing to the increasing deployment of solar water pumps across the country.
Technological advancements are revolutionizing the solar water pump market. Innovations such as automation, data analytics, and remote monitoring capabilities are enhancing pump efficiency and functionality. These cutting-edge features make solar water pumps a preferred choice for both remote and grid-connected applications, fostering broader adoption across various sectors.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Strategic outlook
- 4.3 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Product, 2021 – 2034 (Units & USD Million)
- 5.1 Key trends
- 5.2 Submersible pump
- 5.3 Surface pump
Chapter 6 Market Size and Forecast, By Technology, 2021 – 2034 (Units & USD Million)
- 6.1 Key trends
- 6.2 AC pumps
6.3 DC pumps
Chapter 7 Market Size and Forecast, By Power Rating, 2021 – 2034 (Units & USD Million)
- 7.1 Key trends
- 7.2 < 5 HP
- 7.3 5 HP - 10 HP
- 7.4 10 HP - 20 HP
- 7.5 > 20 HP
Chapter 8 Market Size and Forecast, By Application, 2021 – 2034 (Units & USD Million)
- 8.1 Key trends
- 8.2 Agriculture
- 8.3 Water supply
- 8.4 Others
Chapter 9 Market Size and Forecast, By Region, 2021 – 2034 (Units & USD Million)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 France
- 9.3.3 Germany
- 9.3.4 Russia
- 9.3.5 Spain
- 9.3.6 Italy
- 9.3.7 Netherlands
- 9.3.8 Poland
- 9.3.9 Sweden
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Australia
- 9.4.4 Philippines
- 9.4.5 Japan
- 9.4.6 New Zealand
- 9.4.7 Indonesia
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 Iran
- 9.5.3 Egypt
- 9.5.4 Turkey
- 9.5.5 South Africa
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Argentina
- 9.6.3 Mexico
Chapter 10 Company Profiles
- 10.1 Alpex Power
- 10.2 Aqua Group
- 10.3 Bright Solar
- 10.4 Crompton Greaves
- 10.5 Dankoff Solar
- 10.6 EcoSoch
- 10.7 Ecozen
- 10.8 Franklin Electric
- 10.9 Grundfos Pumps
- 10.10 Jakson Group
- 10.11 Lorentz
- 10.12 Lubi
- 10.13 Novergy Energy Solutions
- 10.14 Oswal
- 10.15 Shakti Pumps
- 10.16 Surya International
- 10.17 Symtech Solar Group
- 10.18 TATA Solar Power
- 10.19 US Solar Pumps
- 10.20 Wenling Jintai Pump Factory
