Solar Pump Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global solar water pump system market is projected to grow at a CAGR of more than 4% during 2021-2027. Factors such as stringent government regulations to reduce our carbon footprint and the use of solar energy to drive pumps that reduce operating costs are expected to drive the market over the forecast period. In addition, solar water pumps are very useful in remote locations where electricity supply is insufficient, and in locations where conventional fuel supplying power to the water pump is not available. However, the high installation costs associated with solar water pumping and the availability of professional service providers in remote locations are limiting the growth of the market.

The key players involved in the global solar pump industry are Vincent Solar Energy, TATA Power Solar Systems Ltd., Shakti pump, CRI Pump Pvt. Ltd., Oswal Pump Ltd., LORENTZ, The Lubi Group, Samking Pump Company, Greenmax Technology, and AQUA GROUP. 

Solar Pump Market- Segmentation

By Product 

• Surface Suction
• Submersible
• Floating

By End-user industry 

• Agriculture
• Water Management
• Others

By Operation 

• AC Pump
• DC Pump

The report covers the following objectives: 

• Proliferation and maturation of trade in the Solar Pump Market.
• The market share of the Solar Pump Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Solar Pump Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Solar Pump Market. 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment 

Key Questions Answered by Solar Pump Market Report

• What was the Solar Pump Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Solar Pump Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Solar Pump Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.