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Global Solar Water Pump Market to reach USD 6.85 billion by the end of 2030.

Global Solar Water Pump Market Size study & Forecast, by Type (Submersible Pump, Surface Pump) by Motor Type (AC Pumps, DC Pumps), by Power Rating (Up to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, more than 20 HP), by Application (Agriculture, Water Treatment Others) and Regional Analysis, 2023-2030

Product Code: EPRE-21986178
Publish Date: 30-10-2023
Page: 200

Global Solar Water Pump Market is valued approximately USD 3.15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.20% over the forecast period 2023-2030. A solar water pump is a type of water pumping system that utilizes energy from the sun to pump water. It consists of a solar panel array, a pump, and sometimes a storage tank or battery system. The solar panels convert sunlight into electrical energy, which powers the pump to draw water from a water source such as well, river, or lake Solar water pumps contribute to sustainable water management by utilizing renewable energy, reducing carbon emissions, and conserving fossil fuels. They are an effective solution for accessing water in remote areas and promoting agricultural productivity and rural development. The Solar Water Pump market is expanding because of factors such as growing agricultural sector and rising government incentives and policies.

Solar water pumps are extensively used in the agricultural sector for irrigation purposes. As the global population continues to increase, the demand for food is also rising. Solar water pumps offer an efficient and sustainable solution for farmers, enabling them to irrigate their crops and increase productivity. The expanding agricultural sector, particularly in developing countries, is a significant driver for the growth of the solar water pump market. According to India Brand Equity Foundation, Indian agricultural sector is predicted to increase to USD 24 billion by 2025. Further the report states that Agriculture and allied activities recorded a growth rate of 3.9% in 2021-22. The Kenya National Budget, which was released on June 11, 2020, provided significant encouragement for the irrigation industry by announcing an investment of USD 35 million to expand community household irrigation. This will enable individual farmers to double their agricultural yield by using these solar pumps because they are powered by the sun and cost less to operate than conventional pumps because they do not require fuel. Thus, the rising agriculture sector is driving the market growth. In addition, rising adoption of sustainable energy sources and technological advancements in technology and pump designing is creating new opportunities to the market growth. However, high dependence on weather conditions and lack of awareness stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Water Pump Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the factors such as rising agricultural activities, rising number of government favorable policies and incentives scheme, rising adoption of green energy resources rising investment in agriculture production in the region. Europe is projected to register a significant growth owing to factors such as rising government initiative for clean energy projects, rising development of sustainable irrigation technologies, rising green grid initiatives in the region.

Major market player included in this report are:
Alpex Solar Pvt Ltd
Aqua Group
Bright Solar Limited
C.R.I. Pumps Private Limited
Crompton Greaves Consumer Electricals Limited
Dankoff Solar
Duke Plasto Technique Private Limited
Novergy Energy Solutions Pvt. Ltd.
Surya International

Recent Developments in the Market:
Ø In April 2021, Tata Power and C.S.C. collaborated to install solar-powered water pumps and microgrids. With the help of the cooperation, Tata Power will be able to put up distributed, small-scale solar power systems in rural areas and serve homes and businesses with electricity around-the-clock. While C.S.C. welcomes village-level business owners to the collaboration to offer quick, affordable service and serve rural consumers with a distributed solar power source.

Global Solar Water Pump Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Motor Type, Power Rating, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Submersible Pump
Surface Pump

By Motor Type:
AC Pumps
DC Pumps

By Power Rating:
Up to 5 HP
5 HP to 10 HP
10 HP to 20 HP
More than 20 HP
By Application:
Water Treatment
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Solar Water Pump Market, by Region, 2020-2030 (USD Billion)
1.2.2. Solar Water Pump Market, by Type, 2020-2030 (USD Billion)
1.2.3. Solar Water Pump Market, by Motor Type, 2020-2030 (USD Billion)
1.2.4. Solar Water Pump Market, by Power Rating, 2020-2030 (USD Billion)
1.2.5. Solar Water Pump Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Solar Water Pump Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Solar Water Pump Market Dynamics
3.1. Solar Water Pump Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing agricultural sector Rising government incentives and policies for promoting agriculture activities.
3.1.2. Market Challenges High dependence on weather conditions Lack of awareness
3.1.3. Market Opportunities Rising adoption of sustainable energy sources Technological advancements in technology and pump designing
Chapter 4. Global Solar Water Pump Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Solar Water Pump Market, by Type
5.1. Market Snapshot
5.2. Global Solar Water Pump Market by Type, Performance – Potential Analysis
5.3. Global Solar Water Pump Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Solar Water Pump Market, Sub Segment Analysis
5.4.1. Submersible Pump
5.4.2. Surface Pump
Chapter 6. Global Solar Water Pump Market, by Motor Type
6.1. Market Snapshot
6.2. Global Solar Water Pump Market by Motor Type, Performance – Potential Analysis
6.3. Global Solar Water Pump Market Estimates & Forecasts by Motor Type 2020-2030 (USD Billion)
6.4. Solar Water Pump Market, Sub Segment Analysis
6.4.1. AC Pumps
6.4.2. DC Pumps
Chapter 7. Global Solar Water Pump Market, by Power Rating
7.1. Market Snapshot
7.2. Global Solar Water Pump Market by Power Rating, Performance – Potential Analysis
7.3. Global Solar Water Pump Market Estimates & Forecasts by Power Rating 2020-2030 (USD Billion)
7.4. Solar Water Pump Market, Sub Segment Analysis
7.4.1. Up to 5 HP
7.4.2. 5 HP to 10 HP
7.4.3. 10 HP to 20 HP
7.4.4. More than 20 HP
Chapter 8. Global Solar Water Pump Market, by Application
8.1. Market Snapshot
8.2. Global Solar Water Pump Market by Application, Performance – Potential Analysis
8.3. Global Solar Water Pump Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Solar Water Pump Market, Sub Segment Analysis
8.4.1. Agriculture
8.4.2. Water Treatment
8.4.3. Others
Chapter 9. Global Solar Water Pump Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Solar Water Pump Market, Regional Market Snapshot
9.4. North America Solar Water Pump Market
9.4.1. U.S. Solar Water Pump Market Type breakdown estimates & forecasts, 2020-2030 Motor Type breakdown estimates & forecasts, 2020-2030 Power Rating breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Solar Water Pump Market
9.5. Europe Solar Water Pump Market Snapshot
9.5.1. U.K. Solar Water Pump Market
9.5.2. Germany Solar Water Pump Market
9.5.3. France Solar Water Pump Market
9.5.4. Spain Solar Water Pump Market
9.5.5. Italy Solar Water Pump Market
9.5.6. Rest of Europe Solar Water Pump Market
9.6. Asia-Pacific Solar Water Pump Market Snapshot
9.6.1. China Solar Water Pump Market
9.6.2. India Solar Water Pump Market
9.6.3. Japan Solar Water Pump Market
9.6.4. Australia Solar Water Pump Market
9.6.5. South Korea Solar Water Pump Market
9.6.6. Rest of Asia Pacific Solar Water Pump Market
9.7. Latin America Solar Water Pump Market Snapshot
9.7.1. Brazil Solar Water Pump Market
9.7.2. Mexico Solar Water Pump Market
9.8. Middle East & Africa Solar Water Pump Market
9.8.1. Saudi Arabia Solar Water Pump Market
9.8.2. South Africa Solar Water Pump Market
9.8.3. Rest of Middle East & Africa Solar Water Pump Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Alpex Solar Pvt Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Aqua Group
10.3.3. Bright Solar Limited
10.3.4. C.R.I. Pumps Private Limited
10.3.5. Crompton Greaves Consumer Electricals Limited
10.3.6. Lorentz
10.3.7. Dankoff Solar
10.3.8. Duke Plasto Technique Private Limited
10.3.9. Novergy Energy Solutions Pvt. Ltd.
10.3.10. Surya International
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
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