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Solar Water Pumps Market Trends

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

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Solar Water Pumps Market Trends

Supportive policies and incentives for renewable energy along with ongoing technological advancements will create a positive impact on the business environment. These initiatives could include subsidies, tax advantages, and financial assistance programs that promote the adoption of solar-powered irrigation systems. Additionally, enhanced solar panel efficiency, advanced pump controls and improved energy storage solutions will contribute to a more favorable industry outlook.

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.