The solar water pumps market can be segmented based on product, application, and region. In terms of
product, the solar water pumps market can be divided into submersible water pumps and surface water
pumps. The submersible water pumps segment is expected to expand at a prominent CAGR during the
forecast period. These pumps are specially designed to pump groundwater from deeper wells or
boreholes, where surface pumps cannot be used. However, the surface water pumps segment is also
expected to witness significant growth during the forecast period, primarily due to increasing drip
irrigation activities in developing economies in Asia Pacific and Middle East & Africa.
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In terms of application, the global solar water pumps market can be segmented into agriculture, drinking
water, and others. The agriculture segment is expected to expand at the maximum CAGR during the
forecast period. In order to support and encourage large-scale deployment of solar pumps in the near
future, the Government of India are providing farmers with interest-subsidy along with reduced capital-
subsidy. Also, Several NGOs, through combined investments by farmers, have taken initiatives to install
solar pumps in different parts of India. This factor drives the solar power pumps market in the country.
Solar Water Pumps Market: Regional Outlook
In terms of region, the global solar water pumps market can be divided into North America, Asia Pacific,
Europe, Latin America, and Middle East & Africa. Asia Pacific dominates the global solar water pumps
market. The solar water pumps market in the region is expected to expand at a prominent CAGR during
the forecast period. China, India, Japan, Bangladesh, and Indonesia are major contributors, in terms of
revenue, to the solar water pumps market in Asia Pacific. Extensive agriculture activities and less electric
grid connectivity for these activities drive the solar water pumps market in the region. Moreover,
supportive government schemes for farmers and solar pump manufacturers are fueling the solar water
pumps market in the region.
Middle East & Africa is another major region of the global solar water pumps market. MEA witnesses the
maximum penetration of sunlight across the world. Recently, in Morocco, the Ministry of Energy, Mining
& Sustainable Development invested US$ 233 Mn to promote the use of solar energy to power water
pumps for irrigation. The move is intended to help farmers reduce energy costs and use less butane gas in
farming operations. Such factors augment the solar water pumps market in Middle East & Africa.
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Solar Water Pumps Market: Key Players
Key players operating in the global solar water pumps market are Lorentz, SunEdison, Inc., CRI Pumps Pvt.
Ltd, Solar Power & Pump Co LLC, Tata Power Solar Systems Ltd., Shakti Solar Pumping System, WENLING
JINTAI PUMP FACTORY, Bright Solar Pvt. Ltd., Grundfos, and American West Windmill and Solar Company.
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