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Agriculture Solar Water Pumps Market Trends

Report ID: GMI9876
Published Date: Jun 2024
Report Format: PDF

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Agriculture Solar Water Pumps Market Trends

Solar water pumps have become increasingly popular particularly in developing areas with scarce electricity access and unstable grid systems. These areas heavily depend on agriculture for income, and solar water pumps provide an affordable and sustainable method for irrigation, resulting in enhanced crop yields and livelihoods. Additionally, they contribute to the reduction of greenhouse gas emissions and promote the use of renewable energy in agriculture, enhancing water management efficiency and supporting the resilience of farming communities against climate change.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of agriculture solar water pumps was reached USD 932.2 million in 2023 and is set to grow at 8.8% CAGR from 2024 to 2032, driven by supportive policies and incentives for renewable energy.

AC agriculture solar water pumps market size will exceed USD 1.2 billion by 2032, led by encouraging policies and incentives to boost renewable energy.

Asia Pacific agriculture solar water pumps market is set to reach over USD 1 billion by 2032, driven by the growing need for clean and sustainable water solutions.

Franklin Electricc, Grundfos Pumps, Jakson Group, KSB SE & Co, LORENTZ, Novergy Energy Solution, Oswal, and Shakti Pumps among others.