Global Solar-powered Pump Market Size, Share And Growth Analysis By Type (Submersible Pump, Surface Pump), By Motor Type (AC Pumps, DC Pumps), By Power Rating (Up to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, More than 20 HP), By Operation (AC Pump, DC Pump), By Application (Agriculture, Water Treatment, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

The Global Solar-powered Pump Market size is expected to be worth around USD 5.3 Billion by 2034, from USD 2.2 Billion in 2024, growing at a CAGR of 9.1% during the forecast period from 2025 to 2034.

The Solar-powered Pump Market has emerged as a pivotal segment within the renewable energy and water management industries, driven by the increasing demand for sustainable and cost-effective water pumping solutions. Solar-powered pumps utilize photovoltaic (PV) panels to convert sunlight into electricity, powering pumps for applications such as irrigation, livestock watering, and potable water supply.

The industrial scenario is characterized by significant demand from the agricultural sector, which accounts for approximately 63% of the market share, driven by the need for efficient irrigation systems in regions facing water scarcity. Submersible solar pumps, commanding a 61% market share, are preferred for their ability to extract water from deeper sources, while AC pumps lead with a 72% share due to their high power output and reliability.

Government incentives, such as India’s PM-KUSUM scheme targeting 20 lakh solar pumps, and declining PV panel costs further propel growth. Technological advancements, including IoT integration for remote monitoring and AI for energy optimization, enhance system efficiency. The escalating depletion of groundwater resources, with solar pumps reducing reliance on fossil fuels, also fuels demand.

The market is characterized by its use in irrigation in agriculture, water supply for remote locations, and applications in landscaping and garden fountains. The technology’s appeal lies in its ability to operate in remote areas where traditional grid electricity is either unreliable or unavailable. This has opened up new opportunities in emerging markets where the expansion of grid infrastructure is slow or non-existent.

Key Takeaways

• The Solar-powered pump market is expected to reach USD 5.3 billion by 2034, from USD 2.2 Billion in 2024, growing at a CAGR of 9.1% during the period from 2025 to 2034.
• Submersible pumps dominate with a 67.2% share, excelling in deep water applications like wells and ponds.
• AC pumps lead with a 72.2% share, favored for robust performance in agriculture and residential water supply.
• Pumps up to 5 HP hold a 41.2% share, ideal for small-scale farming and residential gardening.
• Agriculture applications dominate with a 68.3% share, vital for sustainable irrigation and food security.
• North America leads with a 42.7% share, valued at USD 0.9 billion, driven by a sustainable energy focus.

By Type

The Submersible Pump segment held a dominant position in the solar-powered pump market, capturing more than a 67.2% share. This type of pump is particularly favored for its efficiency and effectiveness in underwater operations.

Submersible pumps are primarily used in deep water applications, including deep wells, ponds, and larger bodies of water where surface pumps cannot operate effectively. Their design allows them to push water to the surface more efficiently than external pumps, which pull water to the surface.

The significant market share of submersible pumps is attributed to their extensive use in agricultural irrigation and in supplying water to remote areas where water tables are deep. These pumps are highly sought after in regions where groundwater levels are far below the surface and in agricultural practices that require extensive water extraction capabilities.

By Motor Type

AC Pumps held a dominant market position in the solar-powered pump sector, capturing more than a 72.2% share. AC (Alternating Current) pumps are preferred for their robust performance and versatility in various applications, ranging from agricultural irrigation to residential water supply.

Their ability to handle larger volumes and higher water flow rates makes them ideal for extensive farming needs and community water systems that require consistent and reliable water delivery. The preference for AC pumps in the solar-powered pump market is largely due to their compatibility with existing electrical systems and the ease of integrating solar inverters, which convert DC power from solar panels into AC power.

By Power Rating

The segment of solar-powered pumps with a power rating of up to 5 HP held a dominant market position, capturing more than a 41.2% share. Pumps in this power range are highly sought after primarily due to their suitability for a wide range of applications, including residential gardening, small-scale farming, and local water distribution tasks.

Their appeal lies in their compact size, affordability, and sufficient power to handle moderate water-lifting requirements effectively. These pumps are particularly favored in regions where the agricultural practices involve smaller plots or where the water demand for domestic use does not necessitate higher power ratings.

By Operation

AC Pumps held a dominant market position in the solar-powered pump sector, capturing more than a 72.1% share. These pumps are extensively utilized due to their efficient operation across various applications, such as agricultural irrigation, municipal water supply, and residential use.

The dominance of AC pumps is primarily attributed to their ability to convert solar energy efficiently into functional power for diverse and demanding water pumping needs. The robust market share of AC pumps stems from their compatibility with both off-grid and on-grid solar systems, making them versatile for rural and urban settings alike.

They can handle significant fluctuations in power supply with ease, which is essential in areas experiencing variable sunlight conditions. This flexibility, coupled with the development of more efficient and affordable solar inverters, has made AC pumps a preferred choice for many users.

By Application

The application of solar-powered pumps in agriculture held a dominant market position, capturing more than a 68.3% share. This substantial market share underscores the critical role these pumps play in modern farming practices, especially in regions where traditional energy sources are scarce or costly.

Solar-powered pumps offer farmers a sustainable and cost-effective solution to irrigate their crops, which is essential for enhancing agricultural productivity and ensuring food security. The widespread adoption in agriculture is driven by the need for reliable water sources in remote and arid areas where electric grid connectivity is limited.

Solar-powered pumps provide a dependable alternative for drawing water from wells, rivers, or lakes to irrigate fields, without the recurring costs associated with diesel or electric grid energy. This has not only led to reduced operational costs for farmers but also contributed to more environmentally friendly farming practices by reducing carbon footprints.

Key Market Segments

By Type

• Submersible Pump
• Surface Pump

By Motor Type

• AC Pumps
• DC Pumps

By Power Rating

• Up to 5 HP
• 5 HP to 10 HP
• 10 HP to 20 HP
• More than 20 HP

By Operation

• AC Pump
• DC Pump

By Application

• Agriculture
• Water Treatment
• Others

Drivers

Government Subsidies and Support for Renewable Energy Technologies

One of the major driving factors for the adoption of solar-powered pumps is the significant level of government subsidies and financial incentives. These initiatives are designed to promote the use of renewable energy sources across various sectors, including agriculture and water management.

The U.S. Department of Energy reports that initiatives like the Solar Investment Tax Credit (ITC), which offers a 26% tax credit for solar systems on residential and commercial properties, have significantly contributed to the adoption of solar technologies.

In countries like India, the government has launched specific programs aimed at promoting solar pumps for irrigation. The Ministry of New and Renewable Energy (MNRE) has implemented schemes that subsidize up to 90% of the costs of solar pump sets for farmers. This initiative aims to reduce dependency on erratic power grids and diesel generators, with a goal to install over 1 million solar pumps.

Restraints

High Initial Investment Costs

A significant restraint in the adoption of solar-powered pumps is the high initial investment required. While the long-term benefits of solar pumps, such as lower operational costs and minimal environmental impact, are well-documented, the upfront costs associated with purchasing and installing these systems can be prohibitive for many potential users, particularly small-scale farmers and households in developing countries.

The cost of a basic solar-powered pumping system can range anywhere from USD 2,000 to USD 20,000, depending on the capacity and specific requirements of the installation. This price range often excludes a large portion of the target market who might benefit the most from such technology but are unable to afford the initial outlay.

Opportunity

Technological Advancements in Solar-Powered Pumps

A significant growth factor for the solar-powered pump market is the ongoing technological advancements that enhance the efficiency and reliability of these systems.

Innovations in photovoltaic technology and pump design have made solar-powered pumps more appealing to a broad range of users, from agricultural operations to residential applications.

Recent years have seen significant improvements in the efficiency of solar panels, which directly impact the performance of solar-powered pumps. Modern photovoltaic cells can convert more sunlight into electricity, ensuring that pumps operate effectively even on cloudy days.

Trends

Integration of Solar-powered Pumps in Smart Farming Solutions

An Emerging Factor Driving the growth of the solar-powered pump market is its integration into smart farming solutions. As the agricultural sector increasingly adopts precision agriculture techniques, the demand for solar-powered pumps that can be integrated into these systems is rising.

This integration facilitates efficient water management, which is essential for optimizing crop yield and reducing resource waste. Smart farming relies on data and connectivity to optimize farming practices.

Solar-powered pumps equipped with sensors and connected to a management system can provide real-time data on water usage, soil moisture levels, and weather conditions. This information allows farmers to make informed decisions about irrigation schedules, ultimately enhancing water conservation and crop health.

Regional Analysis

Solar-Powered Pump Market Dynamics in North America

In the solar-powered pump market, North America holds a commanding position with a 42.7% market share, translating to a value of approximately USD 0.9 billion.

This dominance is supported by several factors, including advanced agricultural practices, a strong emphasis on sustainable energy solutions, and substantial government incentives aimed at reducing carbon footprints across various sectors.

The region’s market leadership is bolstered by the United States, where state-level incentives and federal tax credits encourage the adoption of renewable energy technologies. The Investment Tax Credit (ITC) allows for a deduction of a significant percentage of the cost of installing a solar energy system from federal taxes.

This has significantly driven the installation of solar-powered pumps in agricultural operations, rural water supply systems, and residential applications. Canada also contributes to the regional market dynamics with its focus on environmental sustainability and the implementation of green energy policies.

The country’s vast agricultural landscapes provide ample opportunities for the deployment of solar-powered pumps, particularly in remote areas where grid electricity is either unreliable or unavailable. The presence of leading technology companies in North America that specialize in solar pump manufacturing and innovation further supports the market’s growth.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

• Alpex Solar Pumps is renowned for its robust and efficient solar-powered pumping solutions, catering primarily to the agricultural and domestic sectors. Their products are designed to optimize energy use and reduce dependency on conventional power sources, leveraging advanced photovoltaic technology.
• Aqua Group is a leader in the manufacture and supply of water pumps, including solar-powered models that are highly regarded for their reliability and efficiency. Specializing in a range of applications from residential to industrial, Aqua Group’s solar pumps are engineered to meet diverse water needs.
• Bright Solar Limited specializes in the development and implementation of solar photovoltaic products, including a notable line of solar water pumps. Their offerings are well-suited for remote and rural areas, providing sustainable and cost-effective water pumping solutions.
• C.R.I. Pumps Private Limited is a global powerhouse in the solar pump industry, known for its wide range of products that serve both agricultural and domestic purposes. Their solar-powered pumps are celebrated for their durability and high performance under diverse environmental conditions.
• Crompton is a well-established name in the electrical appliances sector, including solar-powered water pumps. Their solar pumps are designed for optimum energy efficiency, making them suitable for a wide array of applications from residential to commercial settings.

Top Key Players in the Market

• Alpex Solar Pumps
• Aqua Group
• Bright Solar Limited
• C.R.I. Pumps Private Limited
• Crompton
• LORENTZ
• 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

Recent Developments

• In February 2024, Alpex Solar Limited’s SME IPO was launched and listed on NSE SME, raising ₹74.52 crore. The IPO proceeds are aimed at expanding its solar panel and pump manufacturing capacity, with plans to increase PV module production from 450 MW to 1 GW.
• In March 2024, Crompton secured a significant contract for solar water pumping systems, focusing on renewable energy solutions for irrigation. The company continues to develop new hydraulics and sizes to meet market needs.
• In December 2024, C.R.I. Pumps secured orders worth ₹754 crore for supplying 25,000 solar pumps, primarily for agricultural applications. This order highlights the company’s significant role in India’s solar pump market.

Report Scope