Solar Pumps Market

By Product;

DC Surface Suction, AC Submersible, DC Submersible and AC Floating

By Application;

Agriculture and Drinking Water

By Geography;

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

Solar Pumps Market Overview

Solar Pump Market (USD Million)

Solar Pump Market was valued at USD 1,636.39 million in the year 2024. 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%.


Solar Pumps Market

*Market size in USD million

CAGR 6.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.6 %
Market Size (2024)USD 1,636.39 Million
Market Size (2031)USD 2,559.69 Million
Market ConcentrationMedium
Report Pages393
1,636.39
2024
2,559.69
2031

Major Players

  • SunTech Drive LLC
  • Advanced Power Inc.
  • Bernt Lorentz GmbH
  • Dankoff Solar
  • Grundfos
  • BW Solar
  • Vincent Solar Energy Company
  • Greenmax Technology
  • AQUA GROUP

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Solar Pumps Market

Fragmented - Highly competitive market without dominant players


The Solar Pumps Market is gaining strong momentum as demand for sustainable and energy-efficient water pumping solutions rises. Adoption of solar-powered pumps has increased by over 30%, particularly in agriculture, where they enable efficient irrigation and reduce reliance on conventional energy sources. This shift highlights the growing focus on renewable technologies for essential applications.

Key Drivers Accelerating Growth
Increasing emphasis on clean energy solutions and reduced operational costs are fueling market growth. Nearly 40% of farmers and rural communities are transitioning to solar pumps for irrigation and water supply. These systems help reduce fuel dependency while promoting long-term economic and environmental sustainability.

Advancements Strengthening Market Adoption
Integration of smart controllers, high-efficiency photovoltaic modules, and improved storage batteries has significantly enhanced the reliability of solar pumps. Approximately 45% of newly deployed systems now incorporate advanced energy storage, ensuring uninterrupted operation even in low sunlight conditions. Such innovations are strengthening adoption across diverse end-user sectors.

Growth Prospects and Industry Outlook
The Solar Pumps Market demonstrates substantial growth prospects supported by rising investments in renewable technologies. Around 55% of stakeholders indicate plans to expand their usage of solar pumps for agriculture, community water supply, and industrial needs. Strategic collaborations and innovations in pump efficiency will further enhance long-term adoption trends.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive SummarySolar Pump Market Dynamics
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. 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
    4. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    5. 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. Market, By Product, 2021 - 2031 (USD Million)
      1. DC Surface Suction
      2. AC Submersible
      3. DC Submersible
      4. AC Floating
    2. Market, By Application, 2021 - 2031 (USD Million)
      1. Agriculture
      2. Drinking Water
    3. 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 (Association of South East Asian Countries)
        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
      10. Tata Power Solar Systems Ltd.
      11. Shakti Pumps (India) Ltd.
      12. KSB SE & Co. KGaA
      13. Bright Solar Limited
      14. CRI Pumps Pvt. Ltd.
      15. Mono Pumps Ltd.
  7. Analyst Views
  8. Future Outlook Of The Market