Solar Water Pumps Market Dynamics, Growth Analysis, Top Players, Industry Share, Size, Regions, Technology, Global Trends and Forecast 2030

Solar Water Pumps Market Research Report and Growth Analysis 2023 by Solar water pumps (Submersible Pumps and Surface Pumps), Application (Agriculture, Drinking Water, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America)—Forecast till 2030

Solar Water Pumps Market Insights

The global Solar Water Pumps Market is estimated to be worth USD 6.59 Billion by 2030, registering a 10.2% CAGR during the forecast period (2022- 2030).

A solar-powered device comprehended as a solar water pump moves water for a variety of applications, including irrigation, community water supplies, and potable drinking water. Exercising solar water pumps has reduced the need for energy-dependent resources like coal, gas, and diesel. Solar pumps are phenomenal as they pump water through energy produced by sunlight. Solar pumps are needed in rural or undeveloped areas that have no electric grid infrastructure. There’s a broad range of solar pumps for various operations. The solar pumps are designed to utilize DC electric power through photovoltaic modules. The variation in solar pumps is pool pumps. Transfer pumps, circular pumps, and irrigation pumps are some of the main types of solar water pumps.

The market is anticipated to attest to prominent growth during the forecast period due to arising government initiatives and subsidies to bolster market development. Rising demand for clean and renewable energy sources is anticipated to boost the market in the segmented regions. Augmenting solar pumps in the agriculture sector and ameliorating livelihood is anticipated to drive the market. The embracement of renewable energy technologies like solar water pumps will grow in the approaching years. Further, there’s a tall inclination towards affordable and clean energy. Numerous end users are attracted to technologies that use clean and cost-effective energy alternatives.

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Solar Water Pumps Market Regional Analysis

The global Solar Water Pumps Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominates the global solar water pump market share during the forecast period due to the escalating installation of these pumps in the agriculture sector. Also, augmenting the utilization of these water pumps in rural areas is anticipated to propel market growth. Countries having huge demand for solar pumps in Asia pacific are Australia, China, and Indonesia. Other Asia Pacific regions that will hold surging demand are India, Thailand, Malaysia, and Japan.

Latin America holds the second-largest global market stake due to the growth of clean energy, which is expected to acquire a high market share.

Europe, North America, and other regions are witnessing massive demand due to renewable energy. Further, the European market is witnessing ponderous growth due to the towering demand for solar pumps in the agricultural sector. The United States is one of the pivotal requests for solar pumping systems in North America.

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Solar Water Pumps Market Segmentation

The global Solar Water Pumps Market is segmented into the following types;

By type 

• Solar submersible pumps 
• Solar surface pumps 

By power rating 

• Below 3HP 
• 3HP to 10 HP 
• Above 10 HP

By drive type 

• AC motor powered solar water pumps 
• DC motor powered solar water pumps 

By end-user 

• Agriculture 
• Residential 
• Commercial 
• Industrial 

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Solar Water Pumps Market Key Players

The global Solar Water Pumps Market’s prominent key players are,

• Lorentz (Germany)
• R. I. Pumps Private Limited (India)
• Tata Power Solar Systems Ltd (India)
• Shakti Pumps (India) Ltd (India)
• Wenling Jintai Pump Factory Limited (China)
• Bright Solar Limited (India)
• Grundfos (Denmark)
• Symtech Solar (Oman)
• com (Australia)
• Urja Global Limited (India)
• Kavita Solar Energy Private Limited (India) and others.

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