Solar Water Pumps Market Challenges, Key Players, Industry Segments, Development,
Opportunities, Forecast Report 2023
Market Highlights
The rise in electricity demand for increasing agricultural activities in the Asia-Pacific region and
lack of proper infrastructure, are expected to boost the global solar water pump market size over
the forecast timeline. Solar water pumps utilize the sunlight to generate electricity and operate
the pump to enable the availability of water for agriculture and domestic purposes. They are
predominantly used in off grid applications where non form of electrical energy is available. The
use of solar water pumps reduces the dependency on fossil fuels such as petrol and diesel, for
the use of pumps.
Solar water pumps are increasingly adopted in agricultural and irrigational water purposes
around the world. Developing a grid system to connect remote locations and enabling
continuous power without the use of fossil fuels, involves high capital cost and technical delays.
The solar water pumps are effectively operated in these environments because of their reliable
long life, operational flexibility and low labor & maintenance costs.
Solar Water Pump Market is expected to grow over the CAGR of around 5.6% during the period
2017 to 2023.
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Key Players:
The key players of the global solar water pumps market are Lorentz (Germany), SunEdison, Inc.
(U.S.), CRI Pumps Pvt. Ltd (India), Solar Power & Pump Co LLC (U.S.), Tata Power Solar
Systems Ltd. (India), Shakti Solar Pumping System (India), WENLING JINTAI PUMP
FACTORY (China), Bright Solar Pvt. Ltd. (India), Grundfos (Denmark) and American West
Windmill and Solar Company (U.S.).
Market Research Analysis
The agriculture segment holds the largest share of solar water pump market, currently and is
expected to continue in the forecast period. Agriculture sector uses solar water pumps for
irrigation activities and for livestock management. Government subsidies for installation of solar
pumps in agricultural activities, is further driving the market. Solar water pumps are also used in
livestock water usage, where it reduces the dependency on fossil fuel such as diesel and other
energy sources such as windmills.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study