India Solar Pump Market Size 2025-2029
The India solar pump market size is forecast to increase by USD 586.6 million at a CAGR of 10.3% between 2024 and 2029.
The solar pump market in India is advancing significantly, driven by a rising dependence on renewable energy sources to address challenges in agricultural efficiency and water management. Solar-powered systems, including the submersible pump and other variants, offer a sustainable alternative to conventional pumping methods, reducing reliance on fossil fuels and mitigating the impact of energy scarcity. This transition is supported by a key trend involving the development of microgrid systems, which provide reliable, decentralized power, enhancing the viability of solar pumps in remote or off-grid locations. These small-scale grids can operate independently, ensuring a consistent energy supply for irrigation and contributing to the stability of rural energy infrastructure, which is a focal point of the off-grid solar power systems market.This positive trajectory is moderated by the high initial cost of solar pump systems. The substantial upfront investment for solar panels and associated equipment remains a primary barrier to widespread adoption, particularly for small-scale farmers, despite the availability of government subsidies. The high price point can deter potential buyers, who may opt for less expensive, traditional pumping solutions despite their higher long-term operational costs. This financial hurdle affects the pace of market expansion and underscores the need for continued financial innovation and support mechanisms to make these sustainable technologies more accessible across all segments of the agricultural community.
What will be the size of the India Solar Pump Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Product
- Surface suction
- Submersible
- Floating
- End-user
- Agriculture
- Water management
- Others
- Power rating
- Below 5 HP
- 5-10 HP
- 10-20 HP
- Above 20 HP
- Geography
By Product Insights
The surface suction segment is estimated to witness significant growth during the forecast period.
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The Surface suction segment was valued at USD 301.30 million in 2019 and showed a gradual increase during the forecast period.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The solar pump market in India is experiencing substantial growth, largely propelled by government initiatives aimed at enhancing agricultural sustainability and energy security. The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, in particular, has been a cornerstone in driving adoption by providing significant subsidies to farmers. This has created a fertile ground for both domestic and international Original Equipment Manufacturers (OEMS) to expand their presence. The transition to solar-powered irrigation systems addresses the critical issues of erratic grid power supply in rural areas and the high operational costs associated with diesel pumps. As a result, the market is becoming increasingly competitive, with players focusing on product innovation, efficiency, and building robust distribution channels to reach remote agricultural communities.Despite the positive trajectory, the market faces challenges such as high upfront capital investment for farmers and the need for greater awareness regarding long-term economic benefits. Establishing effective after-sales service and maintenance networks in geographically dispersed rural locations remains a logistical hurdle for many companies. However, the long-term outlook is exceptionally promising. The persistent need for reliable water management solutions for agriculture, coupled with India's ambitious renewable energy targets, will continue to fuel demand. Future market development will likely hinge on technological advancements that lower costs, improve pump performance, and integrate smart, IOT-based monitoring solutions, offering a significant opportunity for OEMs.
What are the key market drivers leading to the rise in the adoption of India Solar Pump Industry?
What are the market trends shaping the India Solar Pump Industry?
What challenges does the India Solar Pump Industry face during its growth?
Exclusive Customer Landscape
The India solar pump market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the India solar pump market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, India solar pump market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amrut Energy Pvt. Ltd. -
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Amrut Energy Pvt. Ltd.
- Aquasub Engineering
- BERNT LORENTZ GmbH
- Bright Solar Ltd.
- C.R.I. Pumps Pvt. Ltd.
- Crompton Greaves Consumer Electricals Ltd.
- Falcon Pumps Pvt. Ltd.
- Grundfos Holding AS
- Jyoty Solar Power
- Lubi Solar
- Novergy Energy Solutions Pvt. Ltd.
- Shakti Pumps India Ltd.
- Solartive Techno Industries Pvt Ltd
- SILRES Energy Solutions Pvt. Ltd.
- Unnati Pumps Pvt Ltd.
- Waaree Energies Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in India Solar Pump Market
Research Analyst Overview
The solar pump market in India is undergoing a significant transformation, influenced by evolving agricultural practices and supportive government initiatives. The expansion into off-grid areas is altering the traditional approaches to agricultural irrigation, creating new patterns of demand and supply. These government initiatives are not static; they continually adapt, reshaping the economic viability and adoption rates of solar pumping solutions. This process influences how manufacturers and service providers structure their operations and distribution networks to align with changing subsidy schemes and regional water requirements.Within the product landscape, the deployment of submersible pumps versus surface pumps is adapting to varying hydrogeological conditions and end-user requirements, from large-scale farming to localized drinking water supply. Stakeholders are increasingly focused on enhancing operational efficiency and the long-term reliability of these systems, which is a critical consideration for both OEM and end-users. The market is projected to expand its value by nearly 30% as technology matures and installation processes become more standardized. This movement reflects a broader shift toward integrating sustainable water management technologies into the core infrastructure.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled India Solar Pump Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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180
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 10.3%
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Market growth 2024-2029
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USD 586.6 million
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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9.5%
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Key countries
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India
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this India Solar Pump Market Research and Growth Report?
- CAGR of the India Solar Pump industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the India solar pump market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Power Rating
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India: Year-over-year growth 2024-2029 (%)
- Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Solar Pump Market in India 2019 - 2023
- Historic Market Size - Data Table on Solar Pump Market in India 2019 - 2023 ($ billion)
- 5.2 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.4 Power Rating segment analysis 2019 - 2023
- Historic Market Size - Power Rating Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 Impact of AI in the solar pump market in India
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
- 8 Market Segmentation by Product
- 8.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 8.3 Surface suction - Market size and forecast 2024-2029
- Chart on Surface suction - Market size and forecast 2024-2029 ($ billion)
- Data Table on Surface suction - Market size and forecast 2024-2029 ($ billion)
- Chart on Surface suction - Year-over-year growth 2024-2029 (%)
- Data Table on Surface suction - Year-over-year growth 2024-2029 (%)
- 8.4 Submersible - Market size and forecast 2024-2029
- Chart on Submersible - Market size and forecast 2024-2029 ($ billion)
- Data Table on Submersible - Market size and forecast 2024-2029 ($ billion)
- Chart on Submersible - Year-over-year growth 2024-2029 (%)
- Data Table on Submersible - Year-over-year growth 2024-2029 (%)
- 8.5 Floating - Market size and forecast 2024-2029
- Chart on Floating - Market size and forecast 2024-2029 ($ billion)
- Data Table on Floating - Market size and forecast 2024-2029 ($ billion)
- Chart on Floating - Year-over-year growth 2024-2029 (%)
- Data Table on Floating - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
9 Market Segmentation by End-user
- 9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Agriculture - Market size and forecast 2024-2029
- Chart on Agriculture - Market size and forecast 2024-2029 ($ billion)
- Data Table on Agriculture - Market size and forecast 2024-2029 ($ billion)
- Chart on Agriculture - Year-over-year growth 2024-2029 (%)
- Data Table on Agriculture - Year-over-year growth 2024-2029 (%)
- 9.4 Water management - Market size and forecast 2024-2029
- Chart on Water management - Market size and forecast 2024-2029 ($ billion)
- Data Table on Water management - Market size and forecast 2024-2029 ($ billion)
- Chart on Water management - Year-over-year growth 2024-2029 (%)
- Data Table on Water management - Year-over-year growth 2024-2029 (%)
- 9.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
10 Market Segmentation by Power Rating
- 10 Market Segmentation by Power Rating
- 10.1 Market segments
- Chart on Power Rating - Market share 2024-2029 (%)
- Data Table on Power Rating - Market share 2024-2029 (%)
- 10.2 Comparison by Power Rating
- Chart on Comparison by Power Rating
- Data Table on Comparison by Power Rating
- 10.3 Below 5 HP - Market size and forecast 2024-2029
- Chart on Below 5 HP - Market size and forecast 2024-2029 ($ billion)
- Data Table on Below 5 HP - Market size and forecast 2024-2029 ($ billion)
- Chart on Below 5 HP - Year-over-year growth 2024-2029 (%)
- Data Table on Below 5 HP - Year-over-year growth 2024-2029 (%)
- 10.4 5-10 HP - Market size and forecast 2024-2029
- Chart on 5-10 HP - Market size and forecast 2024-2029 ($ billion)
- Data Table on 5-10 HP - Market size and forecast 2024-2029 ($ billion)
- Chart on 5-10 HP - Year-over-year growth 2024-2029 (%)
- Data Table on 5-10 HP - Year-over-year growth 2024-2029 (%)
- 10.5 10-20 HP - Market size and forecast 2024-2029
- Chart on 10-20 HP - Market size and forecast 2024-2029 ($ billion)
- Data Table on 10-20 HP - Market size and forecast 2024-2029 ($ billion)
- Chart on 10-20 HP - Year-over-year growth 2024-2029 (%)
- Data Table on 10-20 HP - Year-over-year growth 2024-2029 (%)
- 10.6 Above 20 HP - Market size and forecast 2024-2029
- Chart on Above 20 HP - Market size and forecast 2024-2029 ($ billion)
- Data Table on Above 20 HP - Market size and forecast 2024-2029 ($ billion)
- Chart on Above 20 HP - Year-over-year growth 2024-2029 (%)
- Data Table on Above 20 HP - Year-over-year growth 2024-2029 (%)
- 10.7 Market opportunity by Power Rating
- Market opportunity by Power Rating ($ billion)
- Data Table on Market opportunity by Power Rating ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity
- 12 Drivers, Challenges, and Opportunity
- 12.1 Market drivers
- Rising dependence on renewable energy sources
- Easy installation of solar pump
- Rising government schemes in India
- 12.2 Market challenges
- High cost of solar pumps
- High dependence on weather
- Lack of maintenance of solar pump
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities
- Rising development of microgrid systems in India
- New product launches in market
- Increasing awareness in rural areas
13 Competitive Landscape
- 13 Competitive Landscape
- 13.1 Overview
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14 Competitive Analysis
- 14.1 Companies profiled
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Amrut Energy Pvt. Ltd.
- Amrut Energy Pvt. Ltd. - Overview
- Amrut Energy Pvt. Ltd. - Product / Service
- Amrut Energy Pvt. Ltd. - Key offerings
- SWOT
- 14.5 Aquasub Engineering
- Aquasub Engineering - Overview
- Aquasub Engineering - Product / Service
- Aquasub Engineering - Key offerings
- SWOT
- 14.6 Bright Solar Ltd.
- Bright Solar Ltd. - Overview
- Bright Solar Ltd. - Business segments
- Bright Solar Ltd. - Key offerings
- Bright Solar Ltd. - Segment focus
- SWOT
- 14.7 C.R.I. Pumps Pvt. Ltd.
- C.R.I. Pumps Pvt. Ltd. - Overview
- C.R.I. Pumps Pvt. Ltd. - Product / Service
- C.R.I. Pumps Pvt. Ltd. - Key offerings
- SWOT
- 14.8 Crompton Greaves Consumer Electricals Ltd.
- Crompton Greaves Consumer Electricals Ltd. - Overview
- Crompton Greaves Consumer Electricals Ltd. - Product / Service
- Crompton Greaves Consumer Electricals Ltd. - Key offerings
- SWOT
- 14.9 Falcon Pumps Pvt. Ltd.
- Falcon Pumps Pvt. Ltd. - Overview
- Falcon Pumps Pvt. Ltd. - Product / Service
- Falcon Pumps Pvt. Ltd. - Key offerings
- SWOT
- 14.10 Grundfos Holding AS
- Grundfos Holding AS - Overview
- Grundfos Holding AS - Product / Service
- Grundfos Holding AS - Key news
- Grundfos Holding AS - Key offerings
- SWOT
- 14.11 Jyoty Solar Power
- Jyoty Solar Power - Overview
- Jyoty Solar Power - Product / Service
- Jyoty Solar Power - Key offerings
- SWOT
- 14.12 Lubi Solar
- Lubi Solar - Overview
- Lubi Solar - Product / Service
- Lubi Solar - Key offerings
- SWOT
- 14.13 Novergy Energy Solutions Pvt. Ltd.
- Novergy Energy Solutions Pvt. Ltd. - Overview
- Novergy Energy Solutions Pvt. Ltd. - Product / Service
- Novergy Energy Solutions Pvt. Ltd. - Key offerings
- SWOT
- 14.14 Shakti Pumps India Ltd.
- Shakti Pumps India Ltd. - Overview
- Shakti Pumps India Ltd. - Product / Service
- Shakti Pumps India Ltd. - Key offerings
- SWOT
- 14.15 Solartive Techno Industries Pvt Ltd
- Solartive Techno Industries Pvt Ltd - Overview
- Solartive Techno Industries Pvt Ltd - Product / Service
- Solartive Techno Industries Pvt Ltd - Key offerings
- SWOT
- 14.16 SILRES Energy Solutions Pvt. Ltd.
- SILRES Energy Solutions Pvt. Ltd. - Overview
- SILRES Energy Solutions Pvt. Ltd. - Product / Service
- SILRES Energy Solutions Pvt. Ltd. - Key offerings
- SWOT
- 14.17 Unnati Pumps Pvt Ltd.
- Unnati Pumps Pvt Ltd. - Overview
- Unnati Pumps Pvt Ltd. - Product / Service
- Unnati Pumps Pvt Ltd. - Key offerings
- SWOT
- 14.18 Waaree Energies Ltd.
- Waaree Energies Ltd. - Overview
- Waaree Energies Ltd. - Product / Service
- Waaree Energies Ltd. - Key offerings
- SWOT
15 Appendix
- 15 Appendix
- 15.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.5 Data procurement
- 15.6 Data validation
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.8 Data synthesis
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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