Global Solar Pump Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Surface suction, Submersible and Floating.

By Operation;

AC Pump and DC Pump.

By End-User;

Agriculture, Water management and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn218629175 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Solar Pump Market (USD Million), 2021 - 2031

In the year 2024, the Global Solar Pump Market was valued at USD 1,636.39 million. The size of this market is expected to increase to USD 2,559.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

A solar pump, also referred to as a solar-powered pump, harnesses energy from sunlight to pump water, serving as an eco-friendly alternative to traditional generators reliant on fossil fuels. It operates using electricity generated by photovoltaic (PV) panels, making it suitable for various applications such as irrigation, livestock watering, and supplying drinkable water. Compared to conventional pumps powered by internal combustion engines, solar pumps demand less maintenance and have a reduced environmental footprint.

Especially in rural areas lacking reliable electricity access, the adoption of smart solar pumps presents a promising solution. With lower operational costs, enhanced efficiency, and longer lifespans compared to conventional alternatives, solar pumps are gaining popularity among consumers. They offer a dependable water supply in remote regions, where access to electricity grids is limited. However, it's essential to monitor groundwater usage to prevent overexploitation, ensuring sustainable water resource management.

The increasing global awareness of environmental issues, coupled with the harmful effects of carbon emissions, is driving the demand for solar-powered products. As a result, governments worldwide are incentivizing the adoption of renewable energy sources like solar power through subsidy programs and incentive schemes. This favorable policy environment is creating abundant opportunities for businesses operating in the solar pumps market. Furthermore, ongoing developments in solar pump technology, propelled by collaborations between key industry players and heightened awareness of their benefits, are further driving market growth and expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Operation
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Solar Pump Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Renewable Energy Adoption
        2. Energy Efficiency
        3. Environmental Sustainability
        4. Reduced Maintenance Costs
      2. Restraints
        1. Initial Investment Costs
        2. Geographic Limitations
        3. Dependence on Weather Conditions
        4. Intermittent Energy Supply
      3. Opportunities
        1. Renewable Energy Adoption
        2. Government Incentives
        3. Technological Advancements
        4. Rural Electrification Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Solar Pump Market, By Product, 2021 - 2031 (USD Million)
      1. Surface Suction
      2. Submersible
      3. Floating
    2. Global Solar Pump Market, By Operation, 2021 - 2031 (USD Million)
      1. AC Pump
      2. DC Pump
    3. Global Solar Pump Market, By End-User, 2021 - 2031 (USD Million)
      1. Agriculture
      2. Water Management
      3. Others
    4. Global Solar Pump Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SunTech Drive LLC
      2. Advanced Power Inc.
      3. Bernt Lorentz GmbH
      4. Dankoff Solar
      5. Grundfos
      6. BW Solar
      7. Vincent Solar Energy Company
      8. Greenmax Technology
      9. AQUA GROUP
  7. Analyst Views
  8. Future Outlook of the Market