Agriculture Solar Water Pumps Market Size - By Product (Submersible Pump, Surface Pump), By Technology (AC Pumps, DC Pumps), By Power Rating (< 5 HP, 5 HP - 10 HP, 10 HP - 20 HP, > 20 HP), By Regional Outlook & Forecast, 2024 – 2032

Agriculture Solar Water Pumps Market Size - By Product (Submersible Pump, Surface Pump), By Technology (AC Pumps, DC Pumps), By Power Rating (< 5 HP, 5 HP - 10 HP, 10 HP - 20 HP, > 20 HP), By Regional Outlook & Forecast, 2024 – 2032

Agriculture Solar Water Pumps Market size is poised to witness 8.8% CAGR from 2024-2032, propelled by the rising government policies. Numerous governments are offering financial incentives, such as subsidies, grants, and low-interest loans to encourage the adoption of solar water pumps. Worldwide. For example, in March 2023, Japan announced its plans to offer grant aid for solar-powered irrigation in Egypt in a bid to improve agricultural productivity.

National and regional renewable energy targets and policies are further promoting the use of solar technology in various sectors, including agriculture. To that end, the surging focus of manufacturers on offering customized solutions tailored to the specific needs of different farms while enhancing the scalability and flexibility of the pump systems will fuel the market growth.

The agriculture solar water pumps industry is segmented into product, technology, power rating and region.

In terms of technology, the market size from DC pumps segment may record appreciable CAGR through 2032. The growth can be attributed to the strong demand for DC agriculture solar water pumps as they have minimal operating costs owing to the use of sunlight as a free energy source for reducing the overall cost of water pumping for irrigation. Rapid advances in photovoltaic (PV) technology and DC motor efficiency for improving the performance and reliability of these water pumps will add to the product demand.

With respect to power rating, the agriculture solar water pumps industry value from the > 20 HP segment will strike a robust CAGR from 2024 to 2032, owing to strong adoption in large-scale farming operations. On account of their scalability and flexibility, these water pumps have emerged as attractive and practical solutions for modern agriculture, particularly in regions with high water demands. The strong focus on sustainability is another important trend driving the segment growth.

Europe agriculture solar water pumps market size is likely to observe significant growth through 2032, led by the increasing awareness and investments in renewable energy solutions. Solar water pumps are increasingly used across the region for horticulture and greenhouse farming, where controlled irrigation is crucial for crop yields. The push towards sustainable farming practices and the surge in government incentives will further bolster the regional product demand.