Press release
Solar Powered Irrigation System Market Trends, Growth, Industry, Market Forecast 2023-2030
Solar Powered Irrigation System Market- DataM Intelligence 4Market Research
The Global Solar Powered Irrigation System Market reached USD 62.94 billion in 2022 and is expected to reach USD 112.24 billion by 2030, growing with a CAGR of 8.5% during the forecast period 2023-2030.
Solar-powered irrigation systems use solar energy to power water pumps and deliver agricultural irrigation water, making them a viable alternative to standard diesel or grid-connected pumps.
The global demand for solar-powered irrigation systems is increasing. According to the United Nations Food and Agriculture Organization (FAO), over 1.3 billion people worldwide still lack access to electricity, with the majority of them living in rural regions where agriculture is the main source of income.
With more than a third of the market share, the drip irrigation category is the fastest growing. The fundamental reason for its rapid expansion is its water-saving qualities, effective fertilizer delivery, and increased crop yields. Similarly, Asia-Pacific is the biggest region in the solar powered irrigation system market, accounting for more than a third of the total. The Asia-Pacific solar powered irrigation system market has enormous potential, owing to its capacity to give cost savings, energy independence, and cost independence.
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Market Drivers
Environmental Benefits and Carbon Emission Reduction
The growing need for sustainable agriculture is a primary driver of the industry. Solar-powered irrigation systems provide considerable environmental advantages by lowering greenhouse gas emissions and decreasing agriculture's ecological impact. Traditional irrigation technologies that rely on fossil fuels contribute to greenhouse gas emissions and air pollution. Farmers may reduce their environmental effects and help with climate change mitigation efforts by switching to solar-powered systems.
The agriculture industry, according to the United States Environmental Protection Agency (EPA), is a large producer of methane and nitrous oxide emissions, both of which are strong greenhouse gases. Solar-powered irrigation systems assist in reducing dependency on fossil fuels, resulting in a significant reduction in carbon emissions related to irrigation techniques.
Data from numerous governments throughout the world demonstrate the environmental advantages of solar-powered irrigation systems. Solar-powered irrigation systems, for example, may lower greenhouse gas emissions by up to 90% when compared to traditional diesel-powered systems, according to the UK's Department for Environment, Food and Rural Affairs (DEFRA).
Market Segmentation
By Type
• Drip Irrigation
• Sprinkler Irrigation
• Surface Irrigation
By Component
• Solar Panel
• Pump Controller
• Submersible Water Pump
• Inverter
• Others
By Application
• Agricultural irrigation
• Landscaping and gardening
• Others
Solar Powered Irrigation System Market Key Companies
Key companies profiled in the global Solar Powered Irrigation System Market are Connexa, Bonergie, Jain Irrigation Systems Ltd., LORENTZ, Rain Bird Corporation, SunCulture, Wien Energie GmbH, Bright Solar Limited, Netafim and Grundfos Pumps India Private Ltd.
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