Wind Powered Water Pumps Market Size & Share, by Mechanism (Electrical Pumps, Mechanical Pumps); Component (Mild Steel Frames, Rotor Blades, Pneumatic Cylinders, Slider Crank Discs, Shafts, Ball Bearings); Capacity (<2.5 kWh, 2.5 kWh - 10 kWh, >10 kWh); End-user (Irrigation, Off-Grid Water Supply, Water Treatment Plants) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5028
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

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

Wind Powered Water Pumps Market size is poised to reach USD 7 Billion by the end of 2035, witnessing around 8% CAGR during the forecast period i.e., 2023 and 2035. In the year 2022, the industry size of wind powered water pumps was surpassed USD 3 Billion. The major factor influencing the industry growth is the growing impact of crude oil on the environment. For instance, the oil emission in 2022 grew by about %3 to approximately 12 Gt, globally. However, crude oil is necessary for the generation of electricity and since, the electricity demand is growing the preference for clean alternative sources is rising.

Additionally, there has been a surge in initiatives of government to encourage the adoption of renewable sources of energy. Renewable energy targets, subsidies, grants, and many more are some of the initiatives conducted by the government. These initiatives aim to make renewable technology affordable to an individual by reducing installation and operation costs.


Wind Powered Water Pumps Market
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Wind Powered Water Pumps Market: Growth Drivers and Challenges

Growth Drivers

  • Lack of Availability of Electricity in Rural Areas More than 75% of the populace lacked access to electricity in 2021, one of the world's 46 LDCs. In rural areas, there was a very low level of electricity, with 458 million people, or two-thirds of the population of rural LDCs, having no access at all. Where electricity is available, pumping water is acceptable. Alternative power sources must be used when the electricity distribution infrastructure is unable to reach remote areas. Hence, wind energy is used to pump water as an alternative power source.
  • Advancement in Technology & Growing Innovation The smooth and effective operation of these pumps in a variety of applications is a result of improvements in the structure and design of wind-powered water pumps. The smart control systems operate the pumps as efficiently as possible with the aid of algorithms and sensors. Systems for storing energy can store large amounts of extra energy. The Internet of Things (IoT) has thereby reduced the effort by making remote monitoring possible. The pumps now have a longer lifespan and function better as a result of these developments.
  • Surge in Irrigation Activities Irrigation is the practice of artificially giving water to the soil. A water pump is necessary for numerous irrigation systems since it is crucial for lifting the water. One of the most important inventions for pumping water is the water pump, which also helps with effective irrigation for things including agriculture and lawn care. Hence, further to advance this process the adoption of wind energy growing with the rise in irrigation activities.

Challenges

  • Lack of Awareness and Knowledge Regarding the Use – People in remote areas especially in developing areas are unaware of the advancement in water pump technology owing to the least connection to the modern world. Further, owing to this they also lack knowledge of its use. Therefore, this factor is estimated to hinder the growth of the wind powered water pumps market.
  • Lack of After Sale Support in Rural Areas
  • High Initial Cost of Wind Powered Water Pumps

Wind Powered Water Pumps Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 8%

Base Year Market Size (2022)

~ USD 3 Billion

Forecast Year Market Size (2035)

~ USD 7 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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Wind Powered Water Pumps Segmentation

Mechanism (Electrical Pumps, Mechanical Pumps)

Wind powered water pumps market from the electrical pumps segment is anticipated to generate the highest revenue by the end of 2035. This growth of the segment is dominated by its ability to be more efficient as compared to mechanical pumps for the conversion of wind energy into mechanical energy. Additionally, they may be controlled by computers and are quite flexible. These factors have expanded the use of electric pumps, particularly in the irrigation industry, which may eventually help the market for wind-powered water pumps grow.

End-Use (Irrigation, Off-Grid Water Supply, Water Treatment Plants)

The treatment plants segment in the wind powered water pumps market is set to have noteworthy gains over the forecast period. Since there are fewer water resources available globally, sewage water treatment is now gaining more importance than ever. Moreover, as the world's population grows and resource-intensive economic development continues, many countries' water resources and infrastructure are unable to keep up with the rising demand. Furthermore, by 2050, the industrial and domestic sectors are projected to utilize water at rates 20 to 50 percent higher than current levels. Hence, in the coming years, it is forecasted that water treatment facilities would increasingly use wind-powered water pumps.

Our in-depth analysis of the global wind powered water pumps market includes the following segments:

       Mechanism

  • Electrical Pumps
  • Mechanical Pumps

       Component

  • Mild Steel Frames
  • Rotor Blades
  • Pneumatic Cylinders
  • Slider Crank Discs
  • Shafts
  • Ball Bearings

 

        Capacity

  • <2.5 kWh
  • 2.5 kWh – 10 kWh
  • >10 kWh

 

        End-Use

  • Irrigation
  • Off-Grid Water Supply
  • Water Treatment Plants

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Wind Powered Water Pumps Industry- Regional Synopsis

APAC Market Analysis

The wind powered water pumps market in the Asia Pacific is expected to have the largest growth by the end of 2035, backed by growing irrigation and agricultural activities, especially in countries such as China, the Middle East, and India. Additionally, there have been rising investments in different sectors including agriculture, irrigation, and petrochemicals which is estimated to boost the market expansion.

North American Market Forecast

The North America wind powered water pumps market is poised to have significant growth over the forecast period. This is since the establishment of wind pumps in several cultivated growing. Moreover, the government in this region is greatly focused on net zero movement which is also predicted to boost the market in this region.

Research Nester
Wind Powered Water Pumps Market Share
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Companies Dominating the Wind Powered Water Pumps Market

top-features-companies
    • IWAKI, Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Grundfos Pumps India Private Ltd.,
    • QED Environmental Systems Ltd
    • Aermotor Windmill Company
    • Waterquip Pty Ltd
    • O'Brock Windmill Distributors
    • Southern Cross Windmills
    • SPX Flow
    • Iron Man Windmill Co., Ltd.
    • Hyphen Hydrogen Energy (Pty) Ltd

In-the-news

In The News

  • Philadelphia Mixing Solutions, Ltd.,  announced the acquisition by SPX FLOW from Thunder Basin Corporation, a subsidiary of Wind River Holdings, L.P., according to a definitive agreement signed.
  •  supply two significant industrial enterprises with up to 750,000 tonnes of green ammonia yearly, Hyphen Hydrogen Energy (Pty) Ltd has signed non-binding Memorandums of Understanding (MoUs) with each of them. The agreements with a significant chemical manufacturer and Approtium, a South Korean hydrogen producer, aim to offtake up to 500,000 tonnes and 250,000 tonnes annually, respectively.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5028
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the lack of availability of electricity in rural areas, advancement in technology & growing innovation, and surge in irrigation activities.

The market size of wind powered water pumps is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035

The major players in the market are IWAKI, Co., Ltd., Grundfos Pumps India Private Ltd., OED Environmental Systems Ltd, Aermotor Windmill Company, and more.

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 mechanism, component, capacity, end-use, and by region.

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

High initial cost of wind powered water pumps, lack of knowledge and awareness regarding use, and lack of after-sale support in rural areas 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.
Wind Powered Water Pumps Market Report Scope
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