Global Solar Powered Irrigation System Market is valued at approximately USD 54.1 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2022-2029. A solar-powered irrigation system is a type of irrigation system that uses energy from the sun to power the water pumps or motors that move water from a source, such as a well or reservoir, to the fields or crops being irrigated. It uses photovoltaic (PV) panels to capture sunlight and convert it into electricity that is then used to power water pumps and other irrigation equipment. In a typical solar powered irrigation system, the PV panels are installed on the ground or mounted on a structure such as a pole or a roof. The market demand is primarily driven by the factors such as increasing demand for food due to the growing population, the growing need for sustainable and eco-friendly energy solutions and the increasing government initiatives to provide incentives and subsidies for the adoption of solar powered irrigation systems.
In addition, the increasing government initiatives for the usage of solar powered irrigation systems and the rising price of electricity are acting as major driving factors for market growth. According to International Water Management Institute, the government of India (GOI) plans to construct 175 gigawatts (GW) of renewable energy capacity by 2022, with solar accounting for 100 GW of that total. Similarly, according to Statista, as of June 2022, Danish homes were charged approximately 0.53 US dollars per kilowatt-hour at the time, whereas German households were charged 0.52 US dollars per kilowatt-hour. Hence, the growing need to shift towards renewable energy due to increasing prices of electricity and the increasing government projects to equip agricultural lands with solar powered equipment is expected to escalate the demand for solar powered irrigation systems in the global market. Furthermore, the rising popularity of solar powered irrigation systems due to the high cost of electricity and growing investments towards research and development to enhance the efficiency of solar powered irrigation systems are presenting lucrative opportunities for market growth over the forthcoming years. However, the high initial investment cost of installing solar powered irrigation systems is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Solar Powered Irrigation System Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to the high level of agricultural activities and a substantial amount of cultivated land in the region. Whereas, North America is also expected to grow at the highest growth rate over the forecasting period due to increasing investments in renewable energy. Factors such as increasing prices of fossil fuels, rising concerns about the availability of fossil fuels, growing usage of renewable energy due to pollution and increasing population globally are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- Connexa
- Bonergie
- Jain Irrigation Systems Ltd.
- LORENTZ
- Rain Bird Corporation
- SunCulture
- Wien Energie GmbH
- Bright Solar Limited
- Netafim
- Grundfos Pumps India Private Ltd.
Recent Developments in the Market:
- In March 2023, Netafim, an Orbia firm and global pioneer in precision agriculture solutions, announced the inauguration of its first manufacturing factory in North Africa to support the effective adoption of precision irrigation in Morocco and develop the country's agricultural industry. The investment in this plant demonstrates the company's long-standing commitment to assisting countries in the area in achieving food security and combating climate change.
- In September 2021, Bonergie, a solar products and solutions company, announced the successful financing of USD 2.4 million with the motive to install 500 irrigation systems and 2000 solar water pumps within the next three years in Senegal.
Global Solar Powered Irrigation System Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Component, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
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
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- ROLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Solar Powered Irrigation System Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Solar Powered Irrigation System Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Solar Powered Irrigation System Market, by Component, 2019-2029 (USD Billion)
- 1.2.4. Solar Powered Irrigation System Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Solar Powered Irrigation System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Solar Powered Irrigation System Market Dynamics
- 3.1. Solar Powered Irrigation System Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for food due to growing population
- 3.1.1.2. Growing need for sustainable and eco-friendly energy solutions
- 3.1.1.3. Government incentives and subsidies for the adoption of solar powered irrigation systems
- 3.1.2. Market Challenges
- 3.1.2.1. High initial investment costs
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing investments for research and development
- 3.1.3.2. Rising popularity due to the high cost of electricity
Chapter 4. Global Solar Powered Irrigation System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Solar Powered Irrigation System Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Solar Powered Irrigation System Market by Type, Performance - Potential Analysis
- 6.3. Global Solar Powered Irrigation System Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Solar Powered Irrigation System Market, Sub Segment Analysis
- 6.4.1. Drip Irrigation
- 6.4.2. Sprinkler Irrigation
- 6.4.3. Surface Irrigation
Chapter 7. Global Solar Powered Irrigation System Market, by Component
- 7.1. Market Snapshot
- 7.2. Global Solar Powered Irrigation System Market by Component, Performance - Potential Analysis
- 7.3. Global Solar Powered Irrigation System Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 7.4. Solar Powered Irrigation System Market, Sub Segment Analysis
- 7.4.1. Solar Panel
- 7.4.2. Pump Controller
- 7.4.3. Submersible Water Pump
- 7.4.4. Inverter
- 7.4.5. Others
Chapter 8. Global Solar Powered Irrigation System Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Solar Powered Irrigation System Market by Application, Performance - Potential Analysis
- 8.3. Global Solar Powered Irrigation System Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Solar Powered Irrigation System Market, Sub Segment Analysis
- 8.4.1. Agricultural irrigation
- 8.4.2. Landscaping and gardening
- 8.4.3. Others
Chapter 9. Global Solar Powered Irrigation System Market, Regional Analysis
- 9.1. Solar Powered Irrigation System Market, Regional Market Snapshot
- 9.2. North America Solar Powered Irrigation System Market
- 9.2.1. U.S. Solar Powered Irrigation System Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Component breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Solar Powered Irrigation System Market
- 9.3. Europe Solar Powered Irrigation System Market Snapshot
- 9.3.1. U.K. Solar Powered Irrigation System Market
- 9.3.2. Germany Solar Powered Irrigation System Market
- 9.3.3. France Solar Powered Irrigation System Market
- 9.3.4. Spain Solar Powered Irrigation System Market
- 9.3.5. Italy Solar Powered Irrigation System Market
- 9.3.6. Rest of Europe Solar Powered Irrigation System Market
- 9.4. Asia-Pacific Solar Powered Irrigation System Market Snapshot
- 9.4.1. China Solar Powered Irrigation System Market
- 9.4.2. India Solar Powered Irrigation System Market
- 9.4.3. Japan Solar Powered Irrigation System Market
- 9.4.4. Australia Solar Powered Irrigation System Market
- 9.4.5. South Korea Solar Powered Irrigation System Market
- 9.4.6. Rest of Asia Pacific Solar Powered Irrigation System Market
- 9.5. Latin America Solar Powered Irrigation System Market Snapshot
- 9.5.1. Brazil Solar Powered Irrigation System Market
- 9.5.2. Mexico Solar Powered Irrigation System Market
- 9.5.3. Rest of Latin America Solar Powered Irrigation System Market
- 9.6. Rest of The World Solar Powered Irrigation System Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Connexa
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Bonergie
- 10.2.3. Jain Irrigation Systems Ltd.
- 10.2.4. LORENTZ
- 10.2.5. Rain Bird Corporation
- 10.2.6. SunCulture
- 10.2.7. Wien Energie GmbH
- 10.2.8. Bright Solar Limited
- 10.2.9. Netafim
- 10.2.10. Grundfos Pumps India Private Ltd.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption