Solar Pump Market Outlook:
Solar Pump Market size was valued at USD 2.88 billion in 2025 and is likely to cross USD 5.06 billion by 2035, registering more than 5.8% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of solar pump is assessed at USD 3.03 billion.
Governments around the world are aggressively encouraging the use of solar energy through a range of incentives, feed-in tariffs, and subsidies, making solar pump installations financially feasible, and alluring to farmers, which propels market expansion. Moreover, farmers seeking to purchase solar pump systems are offered government grants other direct financial support, making investing in these systems simpler. According to the International Energy Agency’s data, since 2020, governments have increased their funding for clean energy investment to USD 1.34 trillion.
