Solar Powered Irrigation System Market Size
Global Solar Powered Irrigation System Market reached USD 62.94 billion in 2022 and is expected to reach USD 112.24 billion by 2031, growing with a CAGR of 8.5% during the forecast period 2024-2031. The global solar-powered irrigation system market has been witnessing significant positive market trends in recent years, driven by the increasing adoption of sustainable agricultural practices and the need for efficient and cost-effective irrigation solutions.
Solar-powered irrigation systems utilize solar energy to power water pumps and provide irrigation water for agricultural purposes, offering a viable alternative to traditional diesel or grid-connected pumps.
The demand for solar-powered irrigation systems has been on the rise worldwide. The United Nations Food and Agriculture Organization (FAO) estimates that around 1.3 billion people globally still lack access to electricity, with the majority of them residing in rural areas where agriculture is a primary livelihood.
The drip irrigation segment is the fastest growing sector with over 1/3 rd of the market share. The primary reason behind the fast paced growth is fueled by its water-saving capabilities, efficient nutrient delivery, and improved crop yields. Similarly, Asia-Pacific is the largest region in the solar powered irrigation system market with over 1/3rd of the market share. The Asia-Pacific showcases immense potential in the solar powered irrigation system market, primarily due to its ability to provide cost savings, energy independence and cost independence.
Market Scope
Metrics | Details |
CAGR | 8.5% |
Size Available for Years | 2021-2030 |
Forecast Period | 2023-2030 |
Data Availability | Value (US$) |
Segments Covered | Type, Component, Application and Region |
Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Fastest Growing Region | Asia-Pacific |
Largest Region | Asia-Pacific |
Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Environmental Benefits and Carbon Emission Reduction
Growing need for sustainable agriculture is a major driver that boosts the market. Solar-powered irrigation systems offer significant environmental benefits by reducing greenhouse gas emissions and minimizing the ecological footprint of agriculture. Traditional irrigation methods, reliant on fossil fuels, contribute to carbon emissions and air pollution. By transitioning to solar-powered systems, farmers can mitigate their environmental impact and contribute to climate change mitigation efforts.
According to the United States Environmental Protection Agency (EPA), the agricultural sector is a significant source of methane and nitrous oxide emissions, both potent greenhouse gases. Solar-powered irrigation systems help reduce reliance on fossil fuels, leading to a substantial decrease in carbon emissions associated with irrigation practices.
Government data from various countries provide evidence of the environmental benefits of solar-powered irrigation systems. For instance, UK's Department for Environment, Food and Rural Affairs (DEFRA) reports that solar-powered irrigation systems can reduce greenhouse gas emissions by up to 90% compared to conventional diesel-powered systems.
Growing Need for Sustainable Agriculture
Solar-powered irrigation systems have emerged as a sustainable and environmentally friendly solution for agricultural water management. Such systems utilize solar energy to power pumps and irrigation systems, reducing dependence on traditional energy sources and minimizing carbon emissions. The solar-powered irrigation system market is experiencing significant growth, driven by several key drivers.
Adopting solar-powered irrigation systems can significantly reduce water consumption and promote efficient water management, addressing the sustainability challenges faced by the agriculture sector. The increasing global population, coupled with changing dietary patterns and food security concerns, has led to rising demand for agricultural products.
To meet this demand, there is a growing need for sustainable agricultural practices that optimize water usage and reduce environmental impact. Solar-powered irrigation systems offer an attractive solution as they provide a sustainable and cost-effective means of harnessing energy for irrigation purposes. According to the Food and Agriculture Organization of the United Nations (FAO), agriculture accounts for approximately 70% of global freshwater withdrawals.
High Initial Investment
The global solar-powered irrigation system market has witnessed significant growth in recent years, driven by the increasing need for sustainable and efficient irrigation solutions. Solar-powered irrigation systems utilize solar energy to power water pumps and irrigation systems, reducing dependence on traditional fossil fuel-based systems and promoting eco-friendly agricultural practices. While the market holds immense potential, there are several restraints that hinder its growth and adoption. One of the major restraints that restricts the market growth is the high initial investment.
Solar-powered irrigation systems requires extremely high initial investment due to the infancy of the technology. Solar-powered irrigation systems involve the installation of solar panels, water pumps, storage batteries, and control systems. Such components, along with the necessary infrastructure, can be costly, particularly for small-scale farmers or agricultural communities with limited financial resources. The high upfront cost often acts as a deterrent, inhibiting the widespread adoption of solar-powered irrigation systems.
Market Segment Analysis
The global solar powered irrigation system market is segmented based on type, component, application and region.
Ability of drip irrigation to address the challenges of water scarcity and improving agricultural productivity
The drip irrigation segment within the global solar-powered irrigation system market has been experiencing substantial growth in recent years. Drip irrigation systems are widely recognized for their water-saving capabilities and efficient water delivery directly to the plant's root zone. The technology is playing a crucial role in addressing the challenges of water scarcity and improving agricultural productivity. Solar-powered irrigation systems utilize solar energy to power water pumps, providing a sustainable and cost-effective solution for farmers, particularly in regions with limited access to electricity.
Solar-powered irrigation systems help reduce reliance on fossil fuels, decrease operational costs, and provide an environmentally friendly approach to irrigation. The drip irrigation segment is a significant contributor to the growth of the solar-powered irrigation system market. Drip irrigation offers several advantages over conventional irrigation methods, such as reduced water consumption, improved nutrient delivery, minimized soil erosion, and enhanced crop yield. Such benefits have led to the widespread adoption of drip irrigation systems, driving market growth.
Market Geographical Share
Need for Efficient Water Management and The Promotion of Sustainable Agriculture Practices
Solar-powered irrigation systems have emerged as a sustainable solution to address the challenges faced by the agriculture sector, particularly in water-scarce regions. With their ability to harness clean and renewable energy, these systems offer an environmentally friendly and cost-effective alternative to traditional irrigation methods. In the Asia-Pacific region, the adoption of solar-powered irrigation systems has been growing steadily, driven by the need for efficient water management and the promotion of sustainable agriculture practices. The Asia-Pacific region is home to several countries with significant agricultural sectors, including China, India, Australia, and Vietnam.
Recognizing the importance of sustainable agriculture and the role of solar-powered irrigation systems in enhancing water efficiency, governments in the region have implemented supportive policies and initiatives. China, the world's largest agriculture producer, has actively promoted the adoption of solar-powered irrigation systems. The government has launched programs and subsidies to encourage farmers to transition from traditional diesel or grid-powered pumps to solar-powered systems. Such initiatives aim to enhance water use efficiency and reduce carbon emissions. As the market continues to grow, it is expected that the adoption of solar-powered irrigation systems will expand further, covering larger areas of agricultural land across the region.
Market Companies
The major global players in the market include Connexa, Bonergie, Jain Irrigation Systems Ltd., LORENTZ, Rain Bird Corporation, SunCulture, Wien Energie GmbH, Bright Solar Limited, Netafim and Grundfos Pumps India Private Ltd.
COVID-19 Impact on Solar Powered Irrigation System Market
The COVID-19 pandemic has had a significant impact on various industries globally, and the solar-powered irrigation system market is no exception. As the world faced economic disruptions, supply chain challenges, and shifts in consumer behavior, the solar-powered irrigation system market experienced both setbacks and opportunities. The solar-powered irrigation system market has been witnessing steady growth in recent years, driven by the need for sustainable and efficient irrigation solutions. The systems utilize solar energy to power water pumps, reducing dependence on conventional energy sources and providing a cost-effective and environmentally friendly alternative.
However, the outbreak of the COVID-19 pandemic in 2020 disrupted the global economy and led to a temporary slowdown in the solar-powered irrigation system market. Lockdown measures, supply chain disruptions, and reduced investments affected the production and distribution of these systems. Moreover, the economic uncertainties caused by the pandemic led to a cautious approach from farmers and investors, impacting the market's growth.
By Type
- Drip Irrigation
- Sprinkler Irrigation
- Surface Irrigation
By Component
- Solar Panel
- Pump Controller
- Submersible Water Pump
- Inverter
- Others
By Application
- Agricultural irrigation
- Landscaping and gardening
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On December 7, 2021, Gujarat State Fertilizers Company Ltd, announced the launch of Sardar Package Scheme in over 41 taluks across the state of Gujarat to motivate the promotion of renewable energy such as solar energy in irrigation.
- On May 20,2020, an American startup Khethwork deployed a new 320-watt- solar irrigation pump in India that has the capability to irrigate fields all year long to help farmers in India who have limited access to ground water and electricity.
- On December 22, 2020, Bboxx, a low-carbon EDF and utility manufacturer launched Solar Irrigation Scheme in Togo, with partnership with the government. As per the partnership, the solar-powered farming and irrigation products of the company would be sold to farmers in the region at 50% subsidy.
Why Purchase the Report?
- To visualize the global solar powered irrigation system market segmentation based on type, component, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of solar powered irrigation system market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global solar powered irrigation system market report would provide approximately 61 tables, 59 figures and 187 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies