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Solar Water Pumps Market is expected to reach USD 1347.0 Million by 2025 | CAGR 17.4%

Solar Water Pumps Market Global Size, Trends,  is valued at USD 438.2 Million in 2018 and expected to reach USD 1347.0 Million by 2025 with a CAGR of 17.4% over the forecast period.   

Solar water pumps are basically an electrical pump system in which the electricity is generated by photovoltaic (PV) panels to pump water from the wells, reservoirs and bore wells into storage tank or directly onto fields. Solar water pumps are cleaner, cheaper and more reliable than diesel pumps and it has no fuel inputs and simple operation. Solar water pumps offer the potential to increase income through reduced operating costs and improved crop yields of small farmers. They are low maintenance and long life if maintained properly and supplied water is used to water livestock, irrigate crops.

Global solar water pumps market report is segmented on the basis of power rating, pump type, current type, application and region. Based upon power rating, global solar water pumps market is classified as up to 3 HP, 3.1 to 10 HP and above 10 HP. Based upon pump type, global solar water pumps market is classified as surface pump, submersible pump, screw pump, centrifugal pump and floating pump. Based upon current type, global solar water pumps market is classified as AC and DC. Based upon application, global solar water pumps market is classified as drinking water supply, agriculture, industrial and other applications.

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