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Solar (On Farm) Market Revenue Growth On Track For A 6.4% CAGR Through 2030
The solar (on farm) market size has experienced robust growth in recent years. It is anticipated to expand from $300.21 billion in 2025 to $317.13 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.6%. The historical period’s growth is attributable to increasing rural electrification gaps, rising irrigation energy requirements, expansion of water-intensive farming practices, adoption of diesel replacement solutions, and the availability of basic solar pumping technologies.
The solar (on farm) market size is anticipated to demonstrate robust expansion in the coming years. It is projected to reach $406.51 billion in 2030, achieving a compound annual growth rate (CAGR) of 6.4%. This growth during the forecast period is attributable to factors such as increasing government subsidies for solar irrigation, a heightened focus on farm-level decarbonization, the growing adoption of smart irrigation systems, the expansion of off-grid farming operations, and an increasing demand for energy self-sufficiency. Prominent trends expected in this period include the rising adoption of solar-powered irrigation systems, the increasing integration of smart pump controllers, the growing use of off-grid solar installations, the expansion of modular on-farm solar solutions, and an enhanced emphasis on energy cost optimization.
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Solar (On Farm) Market Growth Momentum: What Factors Are Shaping Demand?
Anticipated increases in energy expenditures are set to boost the solar (on-farm) market moving forward. These escalating energy costs are primarily influenced by factors such as heightened global demand, disruptions in supply chains, geopolitical tensions impacting oil and gas availability, and the transition toward more expensive renewable energy sources. Integrating solar energy on farms helps to alleviate these rising costs by providing an economical and renewable power solution for irrigation, equipment operation, and various other farm activities, thus lessening reliance on pricier fossil fuels or grid electricity. For instance, in February 2023, as per Consumers Unified LLC, a US-based legal entity, ten states witnessed their electricity prices climb by more than 10% in 2023 compared to September 2022. Therefore, the upward trend in energy costs will be a significant driver for the growth of the solar (on-farm) market.
Solar (On Farm) Market Segment Analysis And Revenue Potential
The solar (on farm) market covered in this report is segmented –
1) By Type: Drip Irrigation, Sprinkler Irrigation, Surface Irrigation
2) By Component: Solar Panel, Pump Controller, Submersible Water Pump, Inverter, Other Components
3) By Application: Agriculture Irrigation, Landscaping And Gardening, Other Applications
Subsegments:
1) By Drip Irrigation: Surface Drip Irrigation Systems, Subsurface Drip Irrigation Systems, Pressure Compensating Drippers
2) By Sprinkler Irrigation: Center Pivot Sprinkler Systems, Portable Sprinkler Systems, Stationary Sprinkler Systems
3) By Surface Irrigation: Flood Irrigation, Furrow Irrigation, Basin Irrigation
Solar (On Farm) Market Trends Redefining Industry Growth
Leading companies in the solar (on-farm) market are concentrating on innovations in renewable energy production coupled with agricultural land utilization to enhance irrigation efficiency, decrease energy expenses, and improve water management in farming contexts. This methodology, identified as Agri-PV (Agricultural Photovoltaics), involves installing solar panels on agricultural land to generate clean power, simultaneously permitting ongoing farm activities like crop cultivation or livestock grazing beneath or surrounding the panels. For example, in May 2024, BayWa r.e., a renewable energy firm based in Germany, collaborated with VELUX, a Denmark-based building materials company, to launch Spain’s first Agri-PV solar park, which has a capacity of 54 MW. This project exemplifies dual land use, with around 10% of the park’s expanse designed for farming machinery to traverse between solar panel rows, supporting both energy generation and agricultural operations. This groundbreaking endeavor not only illustrates the promise of Agri-PV systems but also establishes a precedent for future expansions, demonstrating how renewable energy can integrate with agriculture while also advancing biodiversity.
Solar (On Farm) Market Top Companies Driving Competitive Growth
Major companies operating in the solar (on farm) market are Xylem Inc., Grundfos Holding A/S, SunPower Corporation, Netafim Limited, Tata Power Solar Systems Limited, Jain Irrigation Systems Limited, Rain Bird Corporation, Shakti Pumps (India) Limited, SunCulture Kenya Ltd., Gautam Solar Pvt. Ltd., Rainbow Power Company Limited, Driptech India Pvt. Ltd., EnSol Technologies Pvt. Ltd., LORENTZ GmbH, CRI Pumps Private Limited, Sunray Power Co. Ltd., Aqua Solar Pvt. Ltd., Bright Solar Limited, Bonergie, Dankoff Solar Pumps, Solar Water Solutions Oy, AquaVita S.r.l.
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Solar (On Farm) Market Global Footprint: Which Region Leads The Industry?
North America was the largest region in the solar (on farm) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar (on farm) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
