The International Solar Water Pumps market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 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.
As the report focuses on global Solar Water Pumps market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
JNTech
JISL
Tata Power Solar
Grundfos
Lorentz
Shakti Pumps
CRI Group
ADA
Hanergy
Symtech Solar
Dankoff Solar
Solar Power & Pump
MNE
Greenmax Technology
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
DC Surface Suction
AC Submersible
DC Submersible
AC Surface Pumps
In market segmentation by applications :
Agriculture
Drinking Water
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Solar Water Pumps market for the forecast period 2020 - 2025?
• What are the driving forces in the Solar Water Pumps market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Solar Water Pumps industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?