The Solar Powered Irrigation System Market is projected to grow from USD 63.9 Billion in 2023 to USD 125.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.80% during the forecast period (2023 - 2032). Solar Powered Irrigation System Market Industry Size was valued at USD 58.8 Billion in 2022. Growing demand for environmentally friendly farming practices, as well as the availability of government incentives and subsidies are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for solar powered irrigation system is being driven by the government subsidies for solar energy. One of the most well-known applications of solar energy is the solar water pump. With the trend toward clean renewable energy sources and clean energy, several government agencies have introduced subsidies for solar-powered water pump systems in order to encourage acceptance and adoption of solar-powered water pump systems. For instance, in India, the market is highly impacted by a pump subsidy designed to encourage its use in order to reduce negative environmental impacts and reliance on fossil fuel-powered pumps.
As an example, Government programmes in India, such as the Pradhan Mantri KisanUrja Suraksha Evam Utthan Mahabhiyan Yojana (PM-KUSUM), the CPSU (Government Producers) Scheme - Phase II, and the Solar Rooftop Phase II program, help to boost electricity generation and solar inclusion across the country. As a result, government backing is one of the elements driving this sector.
The growing consumer acceptability of the product presents market participants and solar pump industry developers with a chance to capitalise on the financial viability of such pumps and improve rural lifestyles. Market participants such as Shakti Pumps, Bengal Renewables, and others make solar pump technology and business models more inexpensive and accessible to smallholder farmers. With increased growth, several market players see this as a potential chance to significantly alter the market landscape.
For instance, Generic manufacturers on the market offer solar pumps for as little as $200, while traditional players concentrate on large-scale irrigation products and are working to develop solar water pumps for small-scale irrigation, which is also gaining popularity among farmers, and are interested in cross-selling solar pumps. As a result, such factors are driving market growth.
The Solar Powered Irrigation System Market segmentation, based on type includes Drip Irrigation, Sprinkler Irrigation and Surface Irrigation. Drip irrigation is the major market participant in the Solar Powered Irrigation System industry. Drip irrigation is frequently used due to its low water use and targeted delivery of water straight to plant roots. It reduces water waste and guarantees even distribution of water, making it a popular choice for solar-powered irrigation systems. Drip irrigation systems' precise control and low energy requirements make them a market leader, contributing to their increased market share.
The Solar Powered Irrigation System Market segmentation, based on Component, includes Solar Panel, Pump Controller, Submersible Water Pump and Inverter. Solar panel is the fastest growing section of the market. Solar panels are essential for capturing solar energy and turning it into electricity to run the irrigation system. With a greater emphasis on renewable energy and sustainable farming methods, demand for solar-powered irrigation systems is fast expanding. Solar panels are at the forefront of this expansion since they are critical components that allow the system to function properly and effectively.
Agriculture Irrigation and Landscaping & Gardening are two application segments of the Solar Powered Irrigation System Market. Agriculture irrigation has the highest compound annual growth rate (CAGR) in the Solar Powered Irrigation System market. It is expanding rapidly as a result of the growing requirement for effective water management in agriculture to fulfill the increased need for food production. Irrigation systems in agriculture aim to optimize water consumption, increase agricultural yields, and promote sustainable farming methods. The agriculture irrigation category is expected to have the greatest CAGR in the market because to technological developments and a focus on sustainable agriculture.
Figure1: Solar Powered Irrigation System Market by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is, certainly, the market leader for Solar Powered Irrigation Systems. North America has been a leader in renewable energy usage, making substantial advances in solar technology. The area places a high value on sustainability and the reduction of dependency on traditional energy sources. Furthermore, favourable government regulations and renewable energy subsidies have pushed the use of Solar Powered Irrigation Systems.
Further, the major countries studied in the market report are TheUS, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Solar Powered Irrigation System Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Solar Powered Irrigation System Market accounts for the second-largest market share because of its strong dedication to renewable energy and sustainability. The area has put in place laws and incentives to encourage the use of solar-powered irrigation systems. Further, the GermanSolar Powered Irrigation System Market held the largest market share, and the UK Solar Powered Irrigation System Market was the fastest growing market in the European region
The Asia-Pacific Solar Powered Irrigation System Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rapid economic expansion and increased agricultural activity in nations such as China and India. These countries have a huge population and a strong agricultural economy, thus efficient irrigation systems are in great demand. Moreover, China’s Solar Powered Irrigation System Market held the largest market share, and the Indian Solar Powered Irrigation System Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Solar Powered Irrigation System Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Solar Powered Irrigation Systemindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Solar Powered Irrigation System industry to benefit clients and increase the market sector. In recent years, the Solar Powered Irrigation System industry has offered some of the most significant advantages to medicine. Major players in the Solar Powered Irrigation System Market, including Lorentz (Germany), Jain Irrigation Systems (India), Netafim (Israel), Grundfos (Denmark), Solar Water Solutions (Kenya), Bright Solar (China), Shakti Pumps (India) and others, are attempting to increase market demand by investing in research and development operations.
Tata Power Solar Systems Limited, previously Tata BP Solar, is an Indian solar energy services firm. The firm produces solar modules, cells, and other solar goods, as well as providing EPC services for solar power projects. In November 2022, Tata Power Solar Systems Ltd. and Union Bank of India are collaborating to increase the use of solar rooftops in the MSME sector.
Shakti Pumps India Limited produces submersible pumps for home, industrial, horticultural, and agricultural applications. Shakti pumps are exported to over 100 countries, having operations in the United States, Australia, and the United Arab Emirates.The corporation is traded on the Bombay and National Stock Exchanges of India. The firm has two production sites with a combined annual capacity of 500,000 pumps. Shakti Pumps is also a major manufacturer and exporter of solar pumps in India. In April 2022, Shakti Pumps is the first solar water pump patent that include grid-tied power generation.
September 2021,Grundfos announced the SQFlex Large, expanding its long-standing SQFlex solar-powered submersible pump line. Because of the increased need for solar energy pumps that can survive the region's different weather conditions, the firm extended its product portfolio across Asia Pacific.
October, 2022,Ethiopia has launched the 'DREAM' program to create a solar-powered irrigation system. The DREAM Act is estimated to help 290,000 people while also providing at least 60,000 jobs. Solar mini-grids are expected to offset 200,000 tons of greenhouse gas emissions over the project's lifespan by 2030.
September, 2022,To encourage the growth of solar irrigation projects, InfraCo Africa, a division of the Private Infrastructure Development Group (PIDG), has inked shareholder and loan agreements with Bonergie Irrigation SAS (Bonergie Irrigation). The negotiated deals would see the commissioning, sale, installation, and maintenance of at least 2,000 more pumps in Senegal.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 58.8 Billion |
| Market Size 2023 | USD 63.9 Billion |
| Market Size2032 | USD 125.6 Billion |
| Compound Annual Growth Rate (CAGR) | 8.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Component, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Lorentz (Germany), Jain Irrigation Systems (India), Netafim (Israel), Grundfos (Denmark), Solar Water Solutions (Kenya), Bright Solar (China), Shakti Pumps (India), CRI Pumps (India), Dankoff Solar Pumps (United States), Rainbow Power Company (Australia), Sunray Power (China), Tata Power Solar Systems (India) |
| Key Market Opportunities | The availability of government incentives and subsidies for renewable energy adoption constitutes the market. |
| Key Market Dynamics | Growing need for sustainable and efficient agriculture operations. |
Frequently Asked Questions (FAQ) :
The Solar Powered Irrigation System Market size was valued at USD 58.8 Billion in 2022.
The global market is projected to grow at a CAGR of 8.80% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Lorentz (Germany), Jain Irrigation Systems (India), Netafim (Israel), Grundfos (Denmark), Solar Water Solutions (Kenya), Bright Solar (China), Shakti Pumps (India).
The Drip irrigation category dominated the market in 2022.
The Solar panels had the largest share in the global market.
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