Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Agriculture Solar Water Pumps Market
Agriculture Solar Water Pumps Market Size
- Report ID: GMI9876
- Published Date: Jun 2024
- Report Format: PDF
Agriculture Solar Water Pumps Market Size
Agriculture Solar Water Pumps Market was valued at USD 932.2 million in 2023 and is set to grow at a CAGR of 8.8% from 2024 to 2032. Supportive policies and incentives for renewable energy combined with ongoing technological advancements will positively transform the business landscape.
Agriculture solar water pumps are an innovative and sustainable solution designed to address irrigation needs in farming while reducing dependence on traditional energy sources. Powered by photovoltaic panels, these pumps convert solar energy into electrical energy, which is then used to draw water from various sources such as rivers, wells, or ponds. This technology is particularly beneficial in remote and off-grid areas, where access to electricity is limited or non-existent. Solar water pumps offer a cost-effective alternative to diesel or electric pumps, significantly lowering operational costs and minimizing environmental impact.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Agriculture Solar Water Pumps Market Size in 2023: | USD 932.2 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.8% |
| 2032 Value Projection: | USD 1.99 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 128 |
| Tables, Charts & Figures: | 52 |
| Segments covered: | Product, Technology, Power Rating & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Agriculture Solar Water Pumps Market Scope
