Solar Water Pumps Market: Business Opportunities, Current Trends, Market Forecast By 2025

Solar water pumps can supply water to locations which are beyond the reach of power lines. Commonly, such places relied on human or animal power or on diesel engines for their water supply.
Middle East and Africa emerged as the largest solar pump market and accounted for 42.5% of total revenue market in 2017. Countries such as China, India, Bangladesh, Pakistan, Morocco, Kenya, Namibia, and Nigeria have set targets to reduce fossil fuel imports and benefit financially from it. These regions have abundant solar energy supply with a huge renewable energy tapping potential.
DC Surface Suction emerged as the leading product for solar pumps and accounted for about 78% of total solar pumps market in 2017. Agriculture was the dominant application segment of solar pumps and accounted for 63% of the total solar pumps market in 2017.
Solar pumps are primarily used for agricultural and drinking water purposes. They are used in remote regions where off-grid energy in the form of electricity is not available. Use of solar energy to drive pumps cut down the operating cost, which is majorly consumed in the form of diesel.

According to this study, over the next five years the Solar Water Pumps market will register a 9.0% CAGR in terms of revenue, the global market size will reach US$ 1570 million by 2024, from US$ 1020 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Solar Water Pumps business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Water Pumps market by product type, application, key manufacturers and key regions and countries.

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This study considers the Solar Water Pumps value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
DC Surface Suction
AC Submersible
DC Submersible
AC Surface Pumps
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Agriculture
Drinking Water
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
JNTech
JISL
Tata Power Solar
Grundfos
Lorentz
Shakti Pumps
CRI Group
ADA
Hanergy
Symtech Solar
Dankoff Solar
Solar Power & Pump
MNE
Greenmax Technology

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Solar Water Pumps consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Solar Water Pumps market by identifying its various subsegments.
Focuses on the key global Solar Water Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Solar Water Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Solar Water Pumps submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.

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Aira McDonald

About the Author: Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.