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Solar Water Pump Market to Witness Astonishing Growth by 2029

01-30-2023 07:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Solar Water Pump Market to Witness Astonishing Growth by 2029

Solar Water Pump Market  is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. The market growth is mainly attributed to the adoption of solar water pumps over diesel pumps owing to zero fuel costs and less labor and maintenance. The prominence of solar water pumps has been increasing gradually over the years due to its offering of clean, sustainable energy solutions when compared to fuel-powered pumps. The rise in fuel prices coupled with the shortage of the same is major restraints of diesel pumps, in turn boosting the adoption of solar water pumps. Furthermore, the high maintenance and other financial risks associated with the diesel pumps have resulted in an increased inclination toward solar water pumps, owing to their relatively greater advantages. In addition, increasing cohesive government initiatives promoting the use of solar water pumps in several countries is stimulating the growth of the solar water pump market.

However, certain factors are affecting the growth of the market. Higher initial investment costs could be a barrier to market growth. Although despite the initial investment costs, once installed, the solar water pumps can be used as an affordable source of electricity to reduce energy bills. 

To Request a Sample of our Report on Solar Water Pump Market:

Market Coverage

The market number available for - 2021-2029
Base year- 2020
Forecast period- 2023-2029

Segment Covered- 

By Type

Regions Covered-

North America
Rest of the World
Competitive Landscape- Tata Power Solar Systems Ltd., Grundfos Pumps Corp., Bright Solar Ltd., LORENTZ, Shakti Pumps Ltd.

Recent Strategic Initiatives in the Global Solar Water Pump Market

In March 2021, Shakti Pump Ltd. announced that it has received a contract from the Uganda Government from the Ministry of Water and Environment for the Supply of solar-powered water pumping systems. The order export was $35 million from Uganda. 

A full Report of Solar Water Pump Market is Available at:

Solar Water Pump Market Report Segment

By Type 

Surface Water Pumps
Submersible Water Pumps

By Applications 

Water Supply
Other (Oil and Gas Fracking Activities)

By End-User

Small-Scale Based
Large-Scale Based

Solar Water Pump Market by Region

North America

United States


Rest of Europe


South Korea
Rest of APAC

Rest of the World

Company Profiles 

Alpex Solar Pvt. Ltd.
Bright Solar Ltd.
R.I. Pumps Private Ltd.
Grundfos Pumps Corp.
Jain Irrigation Systems Ltd.
JJ PV Solar
Kirloskar Brothers Ltd.
Lubi Electronics
Rainbow Power Company Ltd.
Shakti Pumps (India) Ltd.
Span Pumps Pvt Ltd.
SunEdison, Inc.
Tata Power Solar Systems Ltd. 
Topsun Energy Ltd.
Udhaya Semiconductors Ltd.
Waaree Energies Ltd.
Symtech Solar Group.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari


Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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