India Solar Water Pump Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Indian Solar Water Pump Systems Market is Segmented by Pump Type (Surface Pump, Submersible Pump, and Other Pump Types) and Application (Irrigation, Drinking Water Supply, and Other Applications). The report offers the market size and forecasts for solar water pump systems in revenue (USD million) for all the above segments.

India Solar Water Pump Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Solar Water Pump Systems Market Size

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India Solar Water Pump Systems Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 15.00 %
Market Concentration Low

Major Players

India Solar Water Pump Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Solar Water Pump Systems Market with other markets in Energy & Power Industry

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India Solar Water Pump Systems Market Analysis

The India Solar Water Pump Systems Market is expected to register a CAGR of 15% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

  • Over the long term, the high solar power targets set by the country for the coming years, and the ease of installation of these systems, are expected to drive the market.
  • On the other hand, the sociological and economic needs of the users are expected to hinder the market growth in the near future, as they come in competition with the agricultural spaces required for them.
  • Nevertheless, the volatile diesel or gas prices associated with fuel-based pumping systems create ample opportunities for the demand for solar-powered water pumps in the coming years.

India Solar Water Pump Systems Industry Overview

The Indian solar water pump market is fragmented. Some of the key players in the market (in no particular order) include Shakti Pumps (India) Ltd, Lubi Electronics, Falcon Pumps Pvt Ltd, Aqua Group, and Waaree Energies Ltd.

India Solar Water Pump Systems Market Leaders

  1. Shakti Pumps (India) Ltd.

  2. Lubi Electronics

  3. Falcon Pumps Pvt. Ltd.

  4. Aqua Group

  5. Waaree Energies Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
India Solar Water Pump Systems Market Concentration
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India Solar Water Pump Systems Market News

  • August 2021: the Indian government decided to set a target of 1.75 million installations of solar water pumps for irrigation and installations of solar systems for another 1 million grid-connected pumps by 2022 under the PM KUSUM Program.
  • Under the PM KUSUM Scheme, Shakti Pumps distributed around 30,000 solar water pumps to the farmers during 2021-2022. The company has planned to distribute 75,000 pumps during 2022-2023, out of which 10,000 were already distributed.

India Solar Water Pump Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Pump Technology
    • 5.1.1 Centrifugal Pump Technology
    • 5.1.2 Positive Displacement Technology
  • 5.2 Application
    • 5.2.1 Irrigation
    • 5.2.2 Drinking and Cooking Water Supply
    • 5.2.3 Industrial
    • 5.2.4 Other Applications

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 Shakti Pumps (India) Ltd
    • 6.4.2 Lubi Electronics
    • 6.4.3 Falcon Pumps Pvt. Ltd
    • 6.4.4 Aqua Group
    • 6.4.5 Waaree Energies Ltd
    • 6.4.6 Solex Energy Limited
    • 6.4.7 Novergy Energy Solutions Pvt Ltd
    • 6.4.8 Greenmax Technology
    • 6.4.9 Amrut Energy Pvt Ltd
    • 6.4.10 Mecwin Technologies India Pvt. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Solar Water Pump Systems Industry Segmentation

Solar water pump systems are devices that use photovoltaic technology to produce electricity that runs a motor pump set.

The Indian solar water pump systems market is segmented by pump type and application. By pump type, the market is segmented into the surface pump, submersible pump, and other pump types. By application, the market is segmented into irrigation, drinking water supply, and other applications. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Pump Technology Centrifugal Pump Technology
Positive Displacement Technology
Application Irrigation
Drinking and Cooking Water Supply
Industrial
Other Applications
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India Solar Water Pump Systems Market Research FAQs

What is the current India Solar Water Pump Systems Market size?

The India Solar Water Pump Systems Market is projected to register a CAGR of 15% during the forecast period (2025-2030)

Who are the key players in India Solar Water Pump Systems Market?

Shakti Pumps (India) Ltd., Lubi Electronics, Falcon Pumps Pvt. Ltd., Aqua Group and Waaree Energies Ltd. are the major companies operating in the India Solar Water Pump Systems Market.

What years does this India Solar Water Pump Systems Market cover?

The report covers the India Solar Water Pump Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Solar Water Pump Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Solar Water Pump Systems Industry Report

Statistics for the 2025 India Solar Water Pump Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Solar Water Pump Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.