Press release
India Solar Water Pump Market Worth USD 221.54 Million by 2025-2033
The study covers competitor and regional analysis, as well as a detailed breakdown of segments within the industry. The India solar water pump market size reached USD 112.68 Million in 2024. Looking forward, IMARC Group projects the market to reach USD 221.54 Million by 2033, exhibiting a CAGR of 7.20% during 2025-2033.
Report Attribute and Key Statistics:
• Base Year: 2024
• Forecast Years: 2025-2033
• Historical Years: 2019-2024
• Market Size in 2024: USD 112.68 Million
• Market Forecast 2033: USD 221.54 Million
• Market Growth Rate: 7.20% (2025-2033)
India Solar Water Pump Market Overview:
The India solar water pump industry is expanding at a rapid rate, boosted by increasing government incentives and a widening emphasis on sustainable irrigation techniques. Initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) are providing huge subsidies, encouraging farmers to switch over to solar irrigation systems. Not only does this reduce dependence on conventional energy sources, but it also promotes eco-friendly agricultural solutions. The growing awareness of the benefits of renewable energy, as well as the need for cost-effective and reliable water pumping systems, serves as another driver for solar water pump utilization in the nation.
Request for Sample Report: https://www.imarcgroup.com/india-solar-water-pump-market/requestsample
India Solar Water Pump Market Trends and Drivers:
An emerging trend in the India solar water pump market is increasing support for the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The government scheme has the target to commission 20 lakh standalone solar pumps and 15 lakh grid-connected solar pumps in India, promoting the large-scale use of solar-powered irrigation. The program reduces diesel and grid-based power dependence through up to 60% subsidization assistance and incentivizing grid-connected solarization. The program also allows farmers to generate extra revenues by selling excess power to the grid. Areas like Maharashtra, Rajasthan, and Uttar Pradesh are also experiencing increased adoption, transforming agrarian trends.
Increasing focus on renewable energy and the requirement for affordable, eco-friendly farm alternatives are some of the key drivers of the India solar water pump market. Increasing government initiatives in the form of subsidies and schemes such as PM-KUSUM, coupled with increasing green irrigation awareness, are driving the market. Technological progress, such as the use of high-efficiency solar photovoltaic modules, brushless DC motors, and smart controllers, is making solar pumps more efficient and reliable. The technologies are effective in operations despite changing weather conditions, and solar water pumps continue to be the best choice for farmers seeking efficient and sustainable irrigation systems.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-solar-water-pump-market
India Solar Water Pump Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, operation, capacity and application.
By Type:
• Submersible Pumps
• Surface Pumps
By Operation:
• AC Pumps
• DC Pumps
By Capacity:
• Up to 3 HP
• 3-10 HP
• Above 10 HP
By Application:
• Agriculture
• Water Management
• Others
By Region:
• North India
• West and Central India
• South India
• East and Northeast India
Competitive Landscape:
The report provides detailed insights into the competitive structure and profiles of major players in the India solar water pump market.
Key players include:
• Shakti Pumps (India) Ltd.
• Tata Power Solar Systems Ltd.
• C.R.I. Pumps Pvt. Ltd.
• Bright Solar Ltd.
• Kirloskar Brothers Ltd.
• Lubi Electronics
• Waaree Energies Ltd.
• Symtech Solar
• Lorentz India
• Grundfos Pumps India Pvt. Ltd.
India Solar Water Pump Market News:
• In February 2024, IndiGrid, India's leading power sector infrastructure investment trust (InvIT), acquired a 300 MW solar power project for Rs 1,550 crore. With this acquisition, IndiGrid's portfolio now includes 19 solar projects across eight states, totaling 1.1 GWp generation capacity. The move boosts IndiGrid's total Assets Under Management to Rs 28,200 crore, reinforcing its position in the renewable energy sector and aligning with its expansion strategy in clean power infrastructure.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31748&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No.: (D) +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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