Solar Powered Irrigation System Market Growth, Size, Trends, Revenue, Scope and Future Outlook
Solar Powered Irrigation System Market Size- By Type, By Application, By Component- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: POAE2373 | Pages: 1 - 213 | Formats*: |
| Category : Power & Energy | |||
Solar Powered Irrigation System Market Introduction and Overview
According to SPER Market Research, the Global Solar Powered Irrigation System Market is estimated to reach USD 144.20 billion by 2033 with a CAGR of 8.71%.
The report includes an in-depth analysis of the Global Solar Powered Irrigation System Market, including market size and trends, product mix, Applications, and supplier analysis. An irrigation system that uses solar energy to pump water from a source—like a river or well—to irrigate plants or crops is known as a solar-powered irrigation system. Sunlight is converted into electrical energy by solar panels, which powers the pump. The controller makes sure the plants get the right amount of water at the right time by controlling the flow of water to them. Water is transported from the source to the plants via pipes or channels.
- September 2021: Grundfos expanded the range of its well-known SQFlex solar-powered submersible pump with the introduction of the SQFlex Large. The increasing need for solar energy pumps that can survive the wide range of weather conditions in the Asia Pacific area led the company to broaden its range of products.
- LORENTZ: With the release of the LORENTZ PS2-100, LORENTZ aims to raise the bar for quality and dependability. These little pumps just pump water all day long and are powered exclusively by solar energy. This very efficient technique made it possible to pump enough water during the day and, if needed, store it in a tank for use at night.
Market Opportunities and Challenges
The government's solar energy subsidies are driving the market's compound annual growth rate for solar-powered irrigation systems. The solar water pump is among the most well-known uses of solar energy. A number of government organisations have implemented incentives for solar-powered water pump systems in an effort to promote acceptance and adoption of these systems in light of the trend towards clean energy and renewable energy sources. For example, in India, a pump subsidy intended to promote its use and lessen the country's dependency on fossil fuel-powered pumps has a significant effect on the market.
A key obstacle to the widespread adoption of solar-powered irrigation systems is the substantial upfront investment required for essential components like solar panels, inverters, pumps, and storage batteries. Particularly, the cost of solar panels has been a significant barrier, especially for small-scale farmers in developing regions. Although panel prices have decreased, they remain a financial burden. Additionally, the overall system cost depends on factors like capacity, location, and infrastructure. Limited access to financing and extended payback periods further deter potential users. To address this, governments, financial institutions, and development organizations can aid by providing financial incentives, grants, or low-interest loans, making solar irrigation more accessible and promoting sustainable agriculture.
Market Competitive Landscape
The majority of the market share in the highly consolidated worldwide solar-powered farm irrigation system market is held by a small number of significant vendors. Important businesses are keeping up with the most recent developments in the solar-powered irrigation system industry and making large investments in thorough R&D, mostly to produce environmentally friendly goods. A number of manufacturers are deliberately working together to grow their business lines into regional and global markets and speed up product innovation. The major players in the market include: Bonergie, Bright Solar Limited., Connexa, Grundfos Pumps India Private Ltd., Jain Irrigation Systems Ltd., LORENTZ, Netafim, Rain Bird Corporation., SunCulture, Wien Energie GmbH, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By Component |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Bonergie, Bright Solar Limited., Connexa, Grundfos Pumps India Private Ltd., Jain Irrigation Systems Ltd., LORENTZ, Netafim, Rain Bird Corporation., SunCulture, Wien Energie GmbH, Others |
COVID-19 Impact on Global Solar Powered Irrigation System Market
The COVID-19 epidemic had a significant impact on the global market for solar-powered irrigation systems, as it did on many other businesses. The need for effective and sustainable irrigation solutions has been driving this market's growth, but it also presented opportunities and problems. These systems use solar energy to run water pumps, which lessens the need for conventional energy sources and provides an affordable, environmentally beneficial alternative.
However, when the pandemic struck in 2020, it caused a short slowdown in the solar-powered irrigation system industry by upsetting the global economy. Production and distribution were hindered by supply chain disruptions, lockdowns, and decreased investments. The pandemic's economic uncertainty made farmers and investors more cautious, which had an impact on market growth.
Key Target Audience:
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
- Others
Our in-depth analysis of the Solar Powered Irrigation System Market includes the following segments:
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| By Application: |
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Key Topics Covered in the Report:
- Global Solar Powered Irrigation System Market Size (FY’2023-FY’2033)
- Overview of Global Solar Powered Irrigation System Market
- Segmentation of Global Solar Powered Irrigation System Market By Type (Drip Irrigation, Sprinkler Irrigation, Surface Irrigation)
- Segmentation of Global Solar Powered Irrigation System Market By Application (Agricultural irrigation, Landscaping and gardening, Others)
- Segmentation of Global Solar Powered Irrigation System Market By Component (Inverter, Pump Controller, Solar Panel, Submersible Water Pump, Others)
- Statistical Snap of Global Solar Powered Irrigation System Market
- Expansion Analysis of Global Solar Powered Irrigation System Market
- Problems and Obstacles in Global Solar Powered Irrigation System Market
- Competitive Landscape in the Global Solar Powered Irrigation System Market
- Impact of COVID-19 and Demonetization on Global Solar Powered Irrigation System Market
- Details on Current Investment in Global Solar Powered Irrigation System Market
- Competitive Analysis of Global Solar Powered Irrigation System Market
- Prominent Players in the Global Solar Powered Irrigation System Market
- SWOT Analysis of Global Solar Powered Irrigation System Market
- Global Solar Powered Irrigation System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Solar Powered Irrigation System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Solar Powered Irrigation System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Solar Powered Irrigation System Market
7. Global Solar Powered Irrigation System Market, By Type (USD Million)
7.1. Global Solar Powered Irrigation System Market Value Share and Forecast, By Type, 2023-20337.2. Drip Irrigation7.3. Sprinkler Irrigation7.4. Surface Irrigation
8. Global Solar Powered Irrigation System Market, By Application (USD Million)
8.1. Global Solar Powered Irrigation System Market Value Share and Forecast, By Application, 2023-20338.2. Agricultural irrigation8.3. Landscaping and gardening8.4. Others
9. Global Solar Powered Irrigation System Market, By Component (USD Million)
9.1. Global Solar Powered Irrigation System Market Value Share and Forecast, By Component, 2023-20339.2. Inverter9.3. Pump Controller9.4. Solar Panel9.5. Submersible Water Pump9.6. Others
10. Global Solar Powered Irrigation System Market Forecast, 2019-2033 (USD Million)
10.1. Global Solar Powered Irrigation System Market Size and Market Share
11. Global Solar Powered Irrigation System Market, By Type, 2019-2033 (USD Million)
11.1. Global Solar Powered Irrigation System Market Size and Market Share By Type (2019-2026)11.2. Global Solar Powered Irrigation System Market Size and Market Share By Type (2027-2033)
12. Global Solar Powered Irrigation System Market, By Application, 2019-2033 (USD Million)
12.1. Global Solar Powered Irrigation System Market Size and Market Share By Application (2019-2026)12.2. Global Solar Powered Irrigation System Market Size and Market Share By Application (2027-2033)
13. Global Solar Powered Irrigation System Market, By Component, 2019-2033 (USD Million)
13.1. Global Solar Powered Irrigation System Market Size and Market Share By Component (2019-2026)13.2. Global Solar Powered Irrigation System Market Size and Market Share By Component (2027-2033)
14. Global Solar Powered Irrigation System Market, By Region, 2019-2033 (USD Million)
14.1. Global Solar Powered Irrigation System Market Size and Market Share By Region (2019-2026)14.2. Global Solar Powered Irrigation System Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Bonergie15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Bright Solar Limited.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Connexa15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Grundfos Pumps India Private Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Jain Irrigation Systems Ltd.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. LORENTZ15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Netafim15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Rain Bird Corporation.
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. SunCulture15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Wien Energie GmbH15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Solar Powered Irrigation System Market is projected to reach USD 144.20 billion by 2033, growing at a CAGR of 8.71% during the forecast period.
Solar Powered Irrigation System Market grew in market size from 2023. The Market is expected to reach USD 144.20 billion by 2033, at a CAGR of 8.71% during the forecast period.
Solar Powered Irrigation System Market CAGR of 8.71% during the forecast period.
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Solar Powered Irrigation System Market size is USD 144.20 billion from 2023 to 2033.
Solar Powered Irrigation System Market Segment is Covered By Type, By Application, By Component
The North America region is anticipated to have the highest market share in Solar Powered Irrigation System Market.
The key players in the market include Companies Covered Bonergie, Bright Solar Limited., Connexa, Grundfos Pumps India Private Ltd., Jain Irrigation Systems Ltd., LORENTZ, Netafim, Rain Bird Corporation., SunCulture, Wien Energie GmbH, Others
An irrigation system that uses solar energy to pump water from a source—like a river or well—to irrigate plants or crops is known as a solar-powered irrigation system.
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