Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Solar Powered Irrigation System Market size was over USD 69.97 billion in 2024 and is projected to reach USD 211.97 billion by 2037, witnessing around 8.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solar powered irrigation system is assessed at USD 80.29 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: 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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.9% |
|
Base Year Market Size (2024) |
USD 69.97 billion |
|
Forecast Year Market Size (2037) |
USD 211.97 billion |
|
Regional Scope |
|
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Customize this ReportSolar Powered Irrigation System Market - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is predicted to dominate majority revenue share by 2037, backed by presence of wide-ranging cultivated land in this region.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.
Top Featured Companies Dominating the Solar Powered Irrigation System Market
- 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
- 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: Dhruv Bhatia
- Report ID: 5033
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
