Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Wind Powered Water Pumps Market size was over USD 3.51 billion in 2024 and is anticipated to cross USD 9.78 billion by 2037, growing at more than 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wind powered water pumps is estimated at USD 3.99 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: 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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.2% |
|
Base Year Market Size (2024) |
USD 3.51 billion |
|
Forecast Year Market Size (2037) |
USD 9.78 billion |
|
Regional Scope |
|
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Customize this ReportWind Powered Water Pumps Industry- Regional Synopsis
APAC Market Analysis
Asia Pacific industry is predicted to dominate majority revenue share by 2037, 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.
Companies Dominating the Wind Powered Water Pumps Market
- 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
- 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: Dhruv Bhatia
- Report ID: 5028
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
