How much is the agriculture solar water pumps market worth?

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.

Why is the demand for AC agriculture solar water pumps rising?

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.

Why is the agriculture solar water pumps industry booming in Asia Pacific?

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.

Who are the major agriculture solar water pumps industry players?

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

Agriculture Solar Water Pumps Market Trends

Report ID: GMI9876

Published Date: June 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 Question(FAQ) :

How much is the agriculture solar water pumps market worth?: 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.
Why is the demand for AC agriculture solar water pumps rising?: 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.
Why is the agriculture solar water pumps industry booming in Asia Pacific?: 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.
Who are the major agriculture solar water pumps industry players?: Franklin Electricc, Grundfos Pumps, Jakson Group, KSB SE & Co, LORENTZ, Novergy Energy Solution, Oswal, and Shakti Pumps among others.

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Authors: Ankit Gupta, Shubham Chaudhary

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Premium Report Details

Base Year: 2023

Companies covered: 20

Tables & Figures: 52

Countries covered: 30

Pages: 128

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Agriculture Solar Water Pumps Market Trends

Agriculture Solar Water Pumps Market Trends

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