Solar Pump Market Will Expand at 10.02% Growth by 2030

Published Date : 14 Jul 2023

The global solar pump market size surpassed USD 3.07 billion in 2022 and is predicted to rise USD 6.59 billion by 2030, growing at a CAGR of 10.02% from 2022 to 2030.

Solar Pump Market Size and Growth Rate From 2022 To 2030

Over the past several years, the market for solar water pumps has experienced significant expansion. As a result of numerous national and local government regulations encouraging the production of energy from renewable sources in order to reduce dependence on fossil fuels and reduce carbon emissions, this was attributed to the low cost of the PV panels, the widespread presence of solar water pump manufacturers, and the widespread awareness of solar water pumping.

Because solar water pumps are now more affordable because to the quick development of PV technology, the industry has expanded significantly. The market for solar pumps is expanding in underdeveloped nations, with significant adoption occurring in Asia Pacific, notably in China, India, and Japan. This is mostly due to an uptick in agricultural activities and a spike in demand for electricity produced by renewable sources. As product adoption rises, solar pump manufacturers and inventors have a chance to profit from the pumps' economic potential while simultaneously enhancing rural livelihoods. Smallholder farmers are increasingly able to buy and use solar pump technology thanks to firms like Bengal Renewables, Shakti Pumps, and others. Increased growth is viewed as a possible opportunity by a number of industry participants to dramatically change the market environment. These elements are therefore increasing the industry share.

Regional Snapshots:

Over the next several years, the market for solar water pumps in North America is expected to expand significantly. The primary factor promoting the expansion of the regional market is the expanding renewable energy industry throughout the area.

Over the review period, there will probably be significant increase in the market for regional solar water pumps in Europe. The increasing demand for solar pumps in the agriculture sector is a key factor promoting the expansion of the regional market. Over the next several years, the local market is probably going to overtake the global market for second place. In the upcoming years, it is anticipated that the expansion of the regional market will be fueled by the expanding agricultural activity in these areas and the availability of water for cattle.

Solar Pump Market Report Scope:

Report Coverage Details
Market Revenue in 2023 USD 3.38 Billion
Projected Forecast Revenue in 2030 USD 6.59 Billion
Growth Rate from 2022 to 2030 CAGR of 10.02%
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2022 To 2030
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market Dynamics:


The market's main demand-creating component is the investment in infrastructure improvements. The infrastructure is expanding rapidly during the coming ten years. The top investors in infrastructure projects are nations in the Asia Pacific area, including China, Indonesia, Japan, and China. These nations are investing more money in these development initiatives. Infrastructure development improves water extraction. These changes are primarily taking place in underdeveloped and rural areas. In the end, it alters the forecasted market picture for solar water pumps. Many countries nowadays are encouraging the production of clean and renewable energy. Water storage, water recycling and water extraction are essential components of the government project. The government is being urged by environmental organisations to provide funding for solar water pumps that use less electricity. Another aspect boosting demand for solar water pumps is the government's assistance.

In the approaching years, more people will use renewable energy technology like solar water pumps. Additionally, there is a strong preference for cheap and clean energy. Technologies that employ economical and sustainable energy alternatives appeal to a large number of end users. As a result, the usage of solar water pumps in the industrial and construction sectors will increase. All of these important forces will increase market demand and profitability.


In this sector, the installation of solar water pumps is a significant barrier. The installation of solar water pumps is fraught with difficulties. The installation cost has an impact on all of this market's cost-efficiency benefits. Rural regions tend to have more solar water pumps than urban ones. The infrastructure of the electrical grid is inadequate in the rural areas. Both the amount of area and solar energy needed are significant. Because of this, installing solar water pumps is expensive. Large tracts of land are needed to produce high solar energy. The site cannot be utilised for any other purposes once the solar panels are installed. These are the limitations that might prevent market expansion.


The growth of urbanization provides opportunities for the market expansion of solar water pumps. As urbanization rises, more water and methods of water filtration will be needed. It is predicted that the development would result in a rise in the use of solar water pumps within the estimated time frame. Urbanization will have a substantial influence on the market expansion for solar water pumps. Energy-efficient water pumps are necessary for the metropolis' expanding population to provide a consistent water supply. Over the next few years, solar pumps in cities will spread widely. Solar water pumps are very important in the agriculture industry. There is a significant need for irrigation equipment in the agriculture industry. In rural and agricultural areas, solar water pumps represent a significant technological advance. It is a pump that keeps running even in the absence of an electrical grid. The use of solar water pumps will have a significant positive impact on the agriculture industry's ability to grow.


The market for solar water pumps is quite competitive. Regional and local businesses provide significant market problems. The difficulty here is in offering low-cost alternatives of decent quality. It has an impact on the use of solar water pump manufacturers. Through price competitiveness, these neighborhood businesses saturate the market. Due to the benefits of location, disorganized businesses fill demand considerably sooner. All of these barriers prevent international competitors from entering the local market for soaring water pumps. During the projected period, the major companies are taking steps to raise public knowledge of high-quality solar pumps.

Report Highlights:

  • New government efforts and subsidies to assist market growth for the solar pump sector are expected to have a substantial impact on the market over the course of the forecast period.
  • Due to its excellent performance and durability, A.C. Pumps presently dominate the market. Through a DC controller, a pump assembly with a DC type motor is directly connected to a PV array.
  • The United States is one of the major markets for solar pumping systems in North America because of the growing need for renewable energy sources, notably in the agricultural sector.
  • According to Application, the agriculture sector held the largest market share globally in 2021 and is anticipated to hold that position through 2028.
  • Up to 3HP holds the biggest market share by type in 2021 and is anticipated to expand at the quickest rate over the course of the projection period.

Recent Developments:

  • CSC and Tata Power collaborated to deploy solar-powered water pumps and microgrids in April 2021. Through the agreement, Tata Power will be able to put up dispersed small-scale solar power systems in rural regions and serve homes and businesses with electricity around-the-clock. While C.S.C. connects entrepreneurs from the village level to the collaboration in order to deliver rapid, affordable service and aid rural consumers with a distributed solar power supply.
  • In August 2020, Lorentz received the Energy Globe Award for its clean drinking water program in the African country of Cape Verde. As part of the project, Lorentz partner GTEK Lda will build and run a Lorentz PSK2 solar-powered water pumping system.

Major Key Players:

  • Alpex Solar Pumps
  • Aqua Group
  • Bright Solar Limited
  • C.R.I. Pumps Private Limited
  • Crompton
  • Dankoff Solar
  • Duke Plasto Technique Private Limited
  • EcoSoach
  • Ecozen Solutions
  • Franklin Electric
  • Grundfos
  • Jackson Group
  • K.S.B.Limited
  • Novergy Energy Solutions Pvt. Ltd.
  • Shakti Pumps
  • SunEdison Infrastructure
  • Surya International
  • Tata Power Solar
  • Waaree Energies Ltd

Market Segmentation:

By Type

  • Up to 3HP
  • Above 10 HP

By Motor Type

  • AC Pump
  • DC Pump

By Product

  • Surface Suction
  • Submersible
  • Floating

By Application

  • Agricultural
  • Drinking Water
  • Municipal Engineering

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