Pune, India, Sept. 05, 2022 (GLOBE NEWSWIRE) — The global Market size for solar water pumps was $2.38 billion in 2020. The market is estimated to grow from US$2.86 billion in 2021 to US$5.64 billion in 2028 at a CAGR of 10.2% over the forecast period. Fortune Business Insights™ addressed these insights in its latest research report, titled Solar Water Pump Market, 2021-2028.
According to the analysis, the increasing use of solar pumps to improve livelihood is expected to support the growth of the industry. A solar water pump is a system that works on solar energy and pumps water for various purposes, such as: B. Drinking water, municipal water supply and irrigation. The use of solar water pumps has reduced resource use of energy-dependent resources such as diesel, gas and coal. Increasing investments in agricultural applications are expected to drive the market growth in the coming years.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/solar-water-pump-market-101754
List of Key Companies Profiled in the Market Report:
- Alpex solar pumps
- aqua group
- Bright Solar Limited
- CRI Pumps Private Limited
- Crompton
- LORENZ
- Dankoff Solar
- Duke Plasto Technique Private Limited
- EcoSoach
- Ecozen solutions
- Franklin Electric
- Grundfos
- Jackson group
- KSBLimited
- Novergy Energy Solutions Pvt. GmbH.
- Shakti pumps
- SunEdison infrastructure
- Surya International
- TataPowerSolar
- Waaree Energies Ltd
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast period 2021 to 2028 CAGR | 10.2% |
| Value prognosis 2028 | $5.64 billion |
| base year | 2020 |
| Market size in 2020 | $2.38 billion |
| Historical data for | 2017-2029 |
| number of pages | 190 |
| segments covered | By Type (Submersible Pump, Surface Pump), By Motor Type (AC Pump, DC Pump), By Power Rating (Up to 5HP, 5HP to 10HP, 10HP to 20HP, More than 20HP), By Application (Agriculture , water treatment, miscellaneous) and regional |
| growth accelerator | Increasing government initiatives to encourage market growth |
| Product… |
