North America Photovoltaic (PV) Submersible and Surface Pumps Market by End-User, by Applications, by Type, by Deployment & by Technology 2032
North America Photovoltaic (PV) Submersible and Surface Pumps Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The North American photovoltaic (PV) submersible and surface pumps market is experiencing significant growth, driven by the increasing adoption of renewable energy solutions across various industries. These solar-powered pumps offer a sustainable and cost-effective alternative to traditional water pumping systems, making them particularly appealing in regions with abundant sunlight.
One of the primary applications of PV submersible and surface pumps is in agriculture. Farmers are increasingly utilizing these pumps for irrigation purposes, reducing their dependence on grid electricity and diesel generators. This shift not only lowers operational costs but also aligns with environmental sustainability goals. Additionally, the livestock industry benefits from solar-powered pumps by ensuring a reliable water supply for animals, even in remote areas without access to the power grid.
In the industrial sector, PV pumps are employed for various purposes, including water supply for manufacturing processes and cooling systems. Industries are attracted to these pumps due to their low maintenance requirements and the potential for long-term energy savings. Moreover, the integration of solar energy into industrial operations reflects a commitment to corporate social responsibility and reduces the carbon footprint.
The market's growth is further bolstered by supportive government policies and incentives aimed at promoting renewable energy adoption. Financial incentives, tax credits, and grants encourage businesses and individuals to invest in solar-powered pumping solutions. The decreasing cost of photovoltaic panels also contributes to the affordability and attractiveness of these systems.
From my experience working with agricultural clients in North America, I've observed a notable shift towards PV submersible and surface pumps. One client, a mid-sized farm in California, reported a 40% reduction in energy costs after installing a solar-powered irrigation system. This transition not only improved their bottom line but also enhanced their sustainability profile, attracting environmentally conscious consumers.
In summary, the North American photovoltaic (PV) submersible and surface pumps market is expanding rapidly, driven by applications in agriculture and industry, supported by favorable policies, and made more accessible by declining solar technology costs. This trend reflects a broader movement towards sustainable and energy-efficient solutions across various sectors.
Get an In-Depth Research Analysis of the North America Photovoltaic (PV) Submersible and Surface Pumps Market Size And Forecast [2025-2032]
Who are the largest North America manufacturers in the Photovoltaic (PV) Submersible and Surface Pumps industry?
- JNTech
- JISL
- Tata Power Solar
- Grundfos
- Lorentz
- CRI Group
- Shakti Pumps
- Bright Solar
- ADA
- Hanergy
- Symtech Solar
- Dankoff Solar
- Solar Power & Pump
- MNE
- Greenmax Tech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Photovoltaic (PV) Submersible and Surface Pumps Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Photovoltaic (PV) Submersible and Surface Pumps Market
- Agriculture
- Drinking Water
- Others
What are the types of Photovoltaic (PV) Submersible and Surface Pumps available in the Market?
Based on Types the Market is categorized into Below types that held the largest Photovoltaic (PV) Submersible and Surface Pumps market share In 2023.
- Submersible
- Surface Pumps
Which regions are leading the North America Photovoltaic (PV) Submersible and Surface Pumps Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Photovoltaic (PV) Submersible and Surface Pumps Market Research Report, 2024-2032
1. Introduction of the North America Photovoltaic (PV) Submersible and Surface Pumps Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Photovoltaic (PV) Submersible and Surface Pumps Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Photovoltaic (PV) Submersible and Surface Pumps Market, By Type
6. North America Photovoltaic (PV) Submersible and Surface Pumps Market, By Application
7. North America Photovoltaic (PV) Submersible and Surface Pumps Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Photovoltaic (PV) Submersible and Surface Pumps Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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