Solar Powered Irrigation System Market Size & Share, by Type (Sprinkler Irrigation, Drip Irrigation, Surface Irrigation); Component (Solar Panel, Submersible Water Pump, Pump Controller, Inverter); Application (Landscaping & Gardening, Agricultural Irrigation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5033
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Solar Powered Irrigation System Market size is projected to reach USD 125 Billion by the end of 2035, expanding at 9% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of solar powered irrigation system was USD 59 Billion. The major factor dominating the market demand is the growing energy consumption of the agriculture sector. In 2022, the agri-food sector consumed about 29 of energy globally, and from this, most was fossil fuel-based. Hence, in order to protect the energy being depleted the use of solar in irrigation systems is set to grow. Solar-powered irrigation systems (SPIS) constitute a clean technology irrigation option that replaces fossil fuels with solar energy for water pumping.

Moreover, the electricity price for the activity of distributing water in fields is one of the major concerns for the farmers, especially in developing regions. However, the decision of farmers to invest in diesel and fuel is also a costlier alternative for farmers owing to this rising price. Therefore, the adoption prevalence of solar in irrigation is anticipated to have significant growth during the projected period. Moreover, groundwater is the most accessible water source when the water must be carried over great distances. Moreover, SPIS may assist to mitigate the result of drought and alleviate water stress in the course of the dry season. When solar PV pumps take over the task of transporting water, it can also free up a significant amount of time that can be used for other beneficial endeavors.


Solar Powered Irrigation System Market-min
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Solar Powered Irrigation System Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Food

The demand for food is anticipated to have strong growth with about 10,093 million tons in 2030, and approximately 14,885 million tons in 2050, globally.  Hence, owing to this, agriculture activities are seeing a boost. Therefore, in order to make this activity more efficient and cost-effective, demand for solar-powered irrigation systems is set to rise.

  • Unavailability of Electricity in Remote Areas

In 2022, about 19 million of the population all across the world were living without electricity.  And the majority of them come from remote and rural regions. However, electricity is the major source of energy needed to keep agricultural activities productive. Hence, the installation of solar energy in such areas is growing.

  • Aims to Reduce Greenhouse Gases

A solar-powered irrigation system reduces dependency on foreign oil and fossil fuels and takes energy directly from the sun. Hence, it is known to be one of the cleanest sources of energy because it is pollution-free and causes zero greenhouse gas emissions after installation.

Challenges

  • High Price of Installing Solar Powered Irrigation System
  • Not Accessible in Every Situation - Solar irrigation systems have a number of drawbacks, including the fact that they could fail to generate enough electricity, especially at night or during cloudy conditions.  This means that solar irrigation is only practical in regions with plenty of sunlight. Moreover, the property might not receive enough sunlight to successfully power the system if it is shaded by trees or other structures. This may even need the use of a backup power source and could result in inconsistent watering schedules.
  • Requires Regular Maintenance

Solar Powered Irrigation System Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 9%

Base Year Market Size (2022)

~ USD 59 Billion

Forecast Year Market Size (2035)

~ USD 125 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Solar Powered Irrigation System Segmentation

Type (Sprinkler Irrigation, Drip Irrigation, Surface Irrigation)

Solar powered irrigation system market from the drip irrigation segment is expected to generate the highest revenue between 2023 and 2035. In solar drip irrigation the water is directly applied to the roots of the plants using emitters, orifices, perforated pipes, and other irrigation applicators that function under low pressure and are either on top of the ground or buried beneath the ground. Hence, this is the most preferred method. Moreover, they are known to be more efficient as compared to all other methods since the water is applied slowly, further avoiding runoff and allowing the soil to absorb water.

Component (Solar Panel, Pump Controller, Submersible Water Pump, Inverter)

The submersible water pump segment in the solar powered irrigation system market is set to have noteworthy growth over the forecast period. This is since, they are the most suitable component for irrigation and supply of water as they are well structured in lifting water situated underneath ground level in depth. Additionally, these pumps do not discharge any kind of greenhouse gases which makes them preferable to farmers.

Our in-depth analysis of the global market includes the following segments:

 

     Type

  • Drip Irrigation
  • Sprinkler Irrigation
  • Surface Irrigation

 

 

     Component

  • Solar Panel
  • Pump Controller
  • Submersible Water Pump
  • Inverter

 

     Application

  • Agricultural Irrigation
  • Landscaping & Gardening

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Solar Powered Irrigation System Market - Regional Synopsis

APAC Market Forecast

The Asia Pacific solar powered irrigation system market is projected to generate the highest revenue through 2035, backed by the presence of wide-ranging cultivated land in this region. In India, about 53% of the land was arable in 2022. Also, the farmers in this region are getting aware of the solar powered irrigation systems and hence, the adoption is growing.

North American Market Statistics

The solar powered irrigation system market in North America is set to have significant growth in the near future period. This is owing to the huge number of health-conscious people demanding healthy food along with rising investment by the government of North America in green-powered energy.

European Market Analysis

The solar powered irrigation system market in Europe region is also estimated to grow over the projected duration. The expansion in this region can be dominated by the growing government subsidy offered to consumers who purchase solar panels for agricultural activities. This is owing to the attempt to encourage the adoption of renewable energy in this region due to the rising carbon footprint. Also, in the Europe region, countries including Germany, the UK, and Italy are performing agricultural activities on a larger scale. Hence, this is also projected to boost the solar powered irrigation system market growth in this region.

Research Nester
Solar Powered Irrigation System Market Size-min
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Top Featured Companies Dominating the Solar Powered Irrigation System Market

top-features-companies
    • LORENTZ
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SunCulture
    • Grundfos
    • Wien Energie GmbH
    • Jain Irrigation Systems Ltd.
    • Netafim
    • Connexa
    • CRI Pumps Private Limited
    • Aqua Solar Technology
    • InfraCo Africa

In-the-news

In The News

  • LORENTZ has launched LORENTZ PS2-100 in order to give new level of quality and reliability. This small pumps run entirely on solar power and simply pumping water all day. With the help of this incredibly effective method, enough water could be pumped during the day and, if necessary, stored in a tank for usage at night.
  • Equatorial Power (EP) and InfraCo Africa, a member of the Private Infrastructure Development Group (PIDG), have signed a contract under which InfraCo Africa would invest about USD 2 million to expand Equatorial Power's cutting-edge mini-grid concept in the Democratic Republic of the Congo (DRC) and Rwanda.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5033
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for food, unavailability of electricity in remote area, and aims to reduce greenhouse gases,

The market size of solar powered irrigation system is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2035.

The major players in the market are LORENTZ, SunCulture, Grundfos, Wien Energie GmbH, CRI Pumps Private Limited, Aqua Solar Technology, InfraCo Africa, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, component, application, and by region.

The drip irrigation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High price of installing solar powered irrigation system, not accessible in every situation, and requires regular maintenance are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Solar Powered Irrigation System Market Report Scope
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