Solar Water Pumps (SWP) are becoming lucrative medium to be used for irrigation in India than traditional grid connected pumps and diesel pumps. Though, high capital cost of solar water pump in comparison to diesel and electric pumps has restricted its penetration in India, but with declining solar panel cost (accounting for 40%-45% of entire system) the demand for these would increase in the coming years.

According to 6Wresearch, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22. The Ministry of New and Renewable Energy (MNRE) has set an ambitious target to install at least 10 lakhs solar water pumping systems in various states for irrigation and drinking requirements by 2020-21. Medium power (3.1 to 10 HP) AC submersible solar water pumps are most widely installed in the country, where majority of pumps are used for lift irrigation.

The Northern region accounted for the largest revenue share in the country in the year 2015-16, followed by Southern region. Rajasthan leads the market in terms of solar pump installations. During 2016-22, the western region is expected to witness large number of solar water pump installations.

The report thoroughly covers the solar water pumping system market by power ratings, design, drive, applications and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.