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Solar Water Pumps Market Size

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

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Solar Water Pumps Market Size

The global solar water pumps market was valued at USD 1.6 billion in 2024 and is estimated to grow at a CAGR of 8.8% from 2025 to 2034. These have become increasingly popular, particularly in developing areas where access to electricity is limited, and grid infrastructure is unreliable. In these regions, agriculture is often a key source of income, and solar water pumps provide an affordable and sustainable irrigation solution enhancing crop productivity and improving livelihoods.

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A solar water pump is a system that uses solar energy to power a pump, which is used for water extraction and distribution. The system typically consists of photovoltaic (PV) panels that convert sunlight into electricity, a pump powered by this electricity, and a controller to regulate the system's operation. These systems are widely used in areas where electricity is scarce or expensive, making them ideal for rural or remote locations. They are commonly used for irrigation, livestock watering, and even potable water supply.

Solar Water Pumps Market Report Attributes
Report Attribute	Details
Base Year:	2024
Solar Water Pumps Market Size in 2024:	USD 1.6 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	8.8%
2034 Value Projection:	USD 3.8 Billion
Historical Data for:	2021 - 2024
No. of Pages:	140
Tables, Charts & Figures:	45
Segments covered:	Product, Technology, Power Rating, Application and Region
Growth Drivers:	Increasing focus on renewable energy Rising demand for irrigation Government incentives and subsidies Paradigm shift toward water conservation and sustainability
Pitfalls & Challenges:	High initial investment

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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.