The India Solar Pumps Market size is anticipated to grow at a considerable CAGR of 25% during 2021-26. According to MarkNtel Advisors Study.

India Solar Pumps Market Driver:

Policy push & farmer economics under PM-KUSUM are accelerating adoption: Strong central and state incentives—capital subsidies, interest subventions, and RESCO/OPEX models under schemes like PM-KUSUM—have sharply lowered upfront costs for farmers and agri institutions. This support, coupled with rising diesel prices and unstable grid supply in rural belts, makes solar pumps a compelling replacement for diesel sets and a hedge against feeder outages. DISCOMs also benefit by avoiding costly rural electrification extensions and reducing farm power subsidies, which keeps state-level momentum behind new tenders. Meanwhile, falling PV module prices, better MPPT controllers, and efficient BLDC motors have lifted performance in low-irradiance conditions, expanding use beyond traditional high-sun regions. Bundling with drip/sprinkler systems and remote monitoring reduces water and O&M costs, improving payback and bankability for smallholders and FPOs. Together, these policy, cost, and technology tailwinds are driving steady scale-up of stand-alone and grid-connected solar pump installations across India’s horticulture and field-crop clusters.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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India Solar Pumps Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2020

-Historical Period: 2016 to 2019

-Forecast Period: 2021 to 2026

• By Type
• Submersible Pumps
• Surface Pumps
• By Drive
• AC Pump
• DC Pump
• By Power Rating
• Upto 3 HP
• 3.1 HP to 10 HP
• 10.1 HP to 12.5 HP
• 12.6 HP to 19 HP
• Above 19 HP
• By Applications
• Irrigation
• Residential
• Others

Competitive Landscapes

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Grundfos, Kirloskar Brothers, Ravindra Energy, Bright Solar, C.R.I. Pumps, Claro Energy, Jain Irrigation, Shakti Pumps, lpex Solar, Tata Power Solar Systems. are looking forward to strengthening their market positions.

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