Learn about the global solar water pump systems market through The Business Research Company, which provides information on solar water pump systems market size, solar water pump systems market drivers and restraints, solar water pump systems market players, the COVID-19 impact on the solar water pump systems market, and more.

The global solar water pump systems market size is expected to grow from $1.21 billion in 2021 to $1.35 billion in 2022 at a compound annual growth rate (CAGR) of 11.88%. The global solar water pump system market size is expected to reach $2.06 billion in 2026 at a CAGR of 11.08%.

The favourable government incentives for installing solar water pumps are driving the growth of the solar water pump systems market.

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The solar water pump systems market consists of sales of solar water pump systems by entities (organizations, sole traders, partnerships) that refer to water pumps that run on electricity that is provided by one or several photovoltaic (PV) panels. Solar energy is converted into electricity by the photovoltaic array, which is used to run the motor pump set to draw water from an open well, a bore well, a stream, a pond, or a canal. Solar water pump systems are used for the water supply for irrigating crops, watering livestock, or providing potable drinking water.

Global Solar Water Pump Systems Market Segments Include:

By Type: Surface Pump, Submersible Pump, Others

By Power Rating: Below 3HP, 3HP to 10 HP, Above 10 HP

By Drive Type: AC Motor Powered Solar Water Pumps, DC Motor Powered Solar Water Pumps

By End-User: Agriculture, Residential, Commercial, Industrial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the solar water pump system market in 2021.

Technological advancement is a key trend gaining popularity in the solar water pump systems market. The companies operating in the solar water pump systems market are developing innovative technologies to increase the operational efficiency of solar panels and water pump systems.

TBRC’s solar water pump systems market report covers:

Major Market Players: Bright Solar Limited, C.R.I. Pumps Private Limited, Lorentz, Shakti Pumps (India) Ltd, Tata Power Company Limited, Wenling Jintai Pump Factory Limited, Grundfos, Symtech Solar, Photon Solar, Urja Global Limited, Kavita Solar Energy Private Limited, Lubi Electronics, Samking Pump Company, Greenmax Technology, Aqua Group, and Vincent Solar Energy Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Solar Water Pump Systems Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides solar water pump systems market overviews, analyzes and forecasts market size, share, solar water pump systems market players, solar water pump systems market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s solar water pump systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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