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Solar Water Pumps Market Share

Report ID: GMI6296
Published Date: Dec 2024
Report Format: PDF

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Solar Water Pumps Market Share

Solar Water Pumps Company Market Share Analysis, 2024

The manufacturers in the solar water pumps industry are adopting several key strategies to enhance their competitiveness and expand their market share. One major strategy is product innovation, with companies focusing on the development of high-efficiency, durable, and cost-effective solar water pumps that cater to both agricultural and industrial applications. The companies are further focusing on strategic partnerships and collaborations with governments and NGOs to tap into subsidy schemes and expand their reach in rural and remote areas.

Solar Water Pumps Market Companies

Major players operating in the solar water pumps industry are:

Alpex Power
Aqua Group
Bright Solar
Crompton Greaves
Dankoff Solar
EcoSoch
Ecozen
Franklin Electric
Grundfos Pumps
Jakson Group
Lorentz
Lubi
Novergy Energy Solutions
Oswal
Shakti Pumps
Surya International
Symtech Solar Group
TATA Solar Power
US Solar Pumps
Wenling Jintai Pump Factory

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for solar water pumps was reached USD 1.6 billion in 2024 and is estimated to grow at a CAGR of 8.8% from 2025 to 2034, driven by increasing focus on renewable energy.

The submersible solar water pumps industry is projected to surpass USD 2 billion by 2034, due to their high efficiency and capability to operate directly from the water source.

The AC solar water pumps market is expected to grow at a rate of over 9% through 2034, supported by government policies and the integration of these pumps into hybrid systems.

The U.S. solar water pumps market is set to reach over USD 300 million by 2034, fueled by favorable policies and an increased emphasis on sustainable water resource management.

Major players in the solar water pumps industry include Alpex Power, Aqua Group, Bright Solar, Crompton Greaves, Dankoff Solar, EcoSoch, Ecozen, Franklin Electric, Grundfos Pumps, Jakson Group, Lorentz, Lubi, Novergy Energy Solutions, Oswal, Shakti Pumps, Surya International, Symtech Solar Group, TATA Solar Power, US Solar Pumps, and Wenling Jintai Pump Factory.