Solar Pump Market Report: USD 4.8 Bn by 2034 at 8.2% CAGR

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Aboli More

Updated · Aug 22, 2025

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Overview

New York, NY – August 22, 2025 – The Global Solar Pump Market is projected to grow from USD 2.2 billion in 2024 to approximately USD 4.8 billion by 2034, achieving a CAGR of 8.2% from 2025 to 2034. The Asia Pacific region, driven by high agricultural demand and supportive government policies, accounted for 56.3% of the market’s robust growth.

A solar pump is a water pumping system powered by solar energy via photovoltaic (PV) panels. These systems are ideal for irrigation, livestock watering, and community water supply, particularly in remote or off-grid areas where electricity is scarce or diesel systems are costly. The system comprises a solar panel array, a controller, and a pump, either submersible or surface-based, depending on the water source’s depth. In Haryana, farmers can install 3 HP solar pumps for ₹53,926 with government subsidies, enhancing affordability for rural communities.

Solar Pump Market Size

The solar pump market is experiencing robust growth, driven by the increasing adoption of renewable energy in agriculture and rural infrastructure. As nations prioritize sustainable irrigation and reduced fossil fuel dependency, solar pumps offer a cost-effective and environmentally friendly solution. Government subsidies and clean energy initiatives in developing countries have significantly accelerated solar pump installations in rural farming communities, addressing challenges of affordability and energy access.

Amrut Energy’s ₹1 billion funding to expand its solar pump manufacturing capacity is enhancing market growth and the availability of advanced, efficient pumping systems. A key factor fueling this expansion is the rising demand for energy-efficient water pumping solutions in agriculture. With water scarcity and escalating input costs pressuring the global agricultural sector, solar pumps provide a sustainable, cost-effective option for irrigation. By eliminating reliance on grid electricity or diesel, they significantly lower operational costs.

Key Takeaways

  • The Global Solar Pump Market is expected to be worth around USD 4.8 billion by 2034, up from USD 2.2 billion in 2024, and is projected to grow at a CAGR of 8.2% from 2025 to 2034.
  • In the Solar Pump Market, 3HP to 10HP pumps account for 43.6% of the market share.
  • AC motor-based pumps dominate the Solar Pump Market, capturing a strong 72.5% market presence.
  • Submersible pumps lead the Solar Pump Market by product type, holding a 58.2% market share.
  • Agriculture remains the top application in the Solar Pump Market, contributing 69.3% to overall demand.
  • The Asia Pacific market value reached USD 1.2 billion, leading global adoption trends.

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Report Scope

Market Value (2024)USD 2.2 Billion
Forecast Revenue (2034)USD 4.8 Billion
CAGR (2025-2034)8.2%
Segments CoveredBy Type (Up to 3HP, 3HP to 10 HP, Above 10 HP), By Motor Type (AC Pump, DC Pump), By Product (Surface Suction, Submersible, Floating, Others), By Application (Agricultural, Drinking Water, Municipal Engineering, Others)
Competitive LandscapeAlpex Solar Ltd, AQUA Groups, Bright Solar Limited, C.R.I. Pumps Private Limited, Crompton Greaves Consumer Electricals Limited, LORENTZ, DANKOFF SOLAR, Duke Plasto Technique Pvt Ltd., Franklin Electric, Grundfos Pumps India Private Ltd., Jakson, KSB SE & Co. KGaA, Waaree

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Key Market Segments

By Type Analysis

The 3HP to 10HP segment led the Solar Pump Market in 2024, capturing a 43.6% share. Its dominance stems from its suitability for medium-scale agricultural and irrigation needs, particularly in regions with limited electricity access. These pumps balance power and cost-effectiveness, making them ideal for smallholder and mid-sized farmers seeking reliable, low-cost water supply solutions.

The shift toward sustainable, decentralized irrigation systems has boosted demand for this horsepower range, as it efficiently lifts water from moderate depths while meeting diverse crop irrigation needs. Government incentives and rural solar programs further enhance adoption, reflecting a trend toward scalable, reliable, and economically viable mid-range solar pumps in both emerging and developing markets.

By Motor Type Analysis

In 2024, AC pumps dominated the motor type segment with a 72.5% share. Their widespread use in agricultural and rural water supply applications is due to their compatibility with high-power needs, particularly for larger fields and deeper water sources. AC pumps are favored for their efficiency in heavy-duty operations, supported by established infrastructure and technical expertise. 

By Product Analysis

Submersible pumps led the product segment in 2024 with a 58.2% share. Their dominance is driven by their effectiveness in deep wells and borehole applications for groundwater extraction, critical for irrigation and drinking water in remote areas. Submersible pumps offer durability and low maintenance, key advantages in off-grid locations, ensuring longer operational lifespans compared to surface pumps.

By Application Analysis

Agriculture dominated the application segment in 2024, accounting for 69.3% of the market share. This reflects the critical role of solar pumps in meeting irrigation demands in rural and semi-rural areas with limited or unreliable electricity. Solar pumps reduce reliance on fossil fuels and inconsistent grids, enabling timely irrigation and efficient water management. National initiatives promoting sustainable farming and renewable energy adoption have driven their widespread use.

Regional Analysis

In 2024, the Asia Pacific region held a commanding 56.3% share of the global solar pump market, valued at USD 1.2 billion. This dominance is fueled by the region’s extensive agricultural base, high solar irradiance, and robust government support through subsidies and clean energy programs, particularly for rural irrigation.

South and Southeast Asian countries lead in adoption, while North America and Europe see steady growth driven by sustainable farming and technological advancements, though their shares lag. The Middle East & Africa region is expanding as solar pumps address water scarcity and power shortages, while Latin America grows in remote farming areas. Asia Pacific’s leadership highlights the impact of supportive policies and rural electrification on market growth.

Top Use Cases

  • Agricultural Irrigation: Solar pumps provide a cost-effective solution for irrigating crops in remote areas with limited grid access. They use solar energy to pump water from wells or rivers, ensuring a consistent water supply for farming, boosting crop yields, and reducing reliance on expensive diesel pumps.

  • Livestock Watering: These pumps deliver water to livestock in off-grid regions, ensuring animals have access to clean drinking water. They are ideal for remote farms, reducing operational costs and labor compared to traditional pumps, while supporting sustainable animal husbandry practices.

  • Drinking Water Supply: Solar pumps supply clean water to rural communities lacking electricity. They draw water from deep wells or reservoirs, providing a reliable and eco-friendly solution for safe drinking water, improving health and quality of life in underserved areas.

  • Water Treatment Systems: Solar pumps power water purification systems in remote locations. They support filtration and distribution, ensuring access to clean water for communities. Their low maintenance and energy efficiency make them suitable for sustainable water management in developing regions.

  • Industrial Applications: Solar pumps are used in industries for tasks like chemical injection or water circulation in off-grid facilities. They offer an environmentally friendly alternative to fossil fuel-based pumps, reducing operational costs and supporting sustainable industrial processes.

Recent Developments

1. Alpex Solar Ltd

Alpex Solar has significantly expanded its solar pump manufacturing capacity, focusing on the agricultural sector in Uttar Pradesh. They are promoting integrated solar pump and irrigation solutions, often bundled with government subsidies (like PM-KUSUM). Their recent strategy involves deploying higher horsepower pumps for deeper borewells and forming partnerships with local distributors to increase rural market penetration.

2. AQUA Groups.

AQUA Group continues to innovate with its solar-powered submersible pumps, emphasizing durability for harsh water conditions. A key recent development is the integration of smart IoT-based monitoring systems in their pumps. This allows farmers to track pump performance, water output, and energy generation remotely via a mobile app, aiming to improve water management and provide predictive maintenance alerts.

3. Bright Solar Limited

Bright Solar Limited is actively executing large-scale solar pump projects under government tenders. They recently announced the commissioning of numerous off-grid and on-grid solar pumping systems across various states. Their focus is on providing a complete package, including installation and maintenance, and they are developing more efficient models compatible with existing grid-connected agricultural feeders.

4. C.R.I. Pumps Private Limited

CRI Pumps is a leader in deploying solar pumps integrated with advanced control systems. A major recent development is their focus on “i-Solar” pumps with features like automatic water level control, dry run protection, and remote monitoring. They are also running extensive awareness campaigns and demo installations across India to educate farmers on the long-term benefits and subsidy schemes available for solar pumps.

5. Crompton Greaves Consumer Electricals Limited.

Crompton Greaves has strengthened its solar submersible pump portfolio with the launch of new energy-efficient models. Their recent developments highlight robust build quality for long-life operation and enhanced after-sales service networks in key agricultural regions. They are leveraging their strong brand trust among farmers to transition them from conventional pumps to solar alternatives, highlighting reliability and lower operating costs.

Conclusion

The Solar Pump Market is growing rapidly due to rising demand for sustainable water solutions in agriculture, livestock, and rural water supply. With advancements in solar technology and government incentives, these pumps offer cost-effective, eco-friendly alternatives to traditional systems. Their low maintenance and ability to operate in off-grid areas make them vital for addressing water scarcity and supporting global renewable energy goals.

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