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.
A full report of Solar Pump Market available at: https://www.orionmarketreports.com/solar-water-pump-market/11380/
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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
