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Solar Water Pumps Market Size
- Report ID: GMI6296
- Published Date: Jul 2023
- Report Format: PDF
Solar Water Pumps Market Size
Solar Water Pumps Market was valued at USD 1.5 billion in 2023 and is estimated to grow at over 9% CAGR between 2024 and 2032. A solar water pump is a type of pump that operates using energy from the sun. It uses photovoltaic panels or solar panels to convert sunlight into electricity, which then powers the pump. These units are commonly used for pumping water from wells, boreholes, or other water sources for various applications such as irrigation, livestock watering, and domestic water supply in areas without access to grid electricity.
Solar water pumps have gained significant popularity, especially in developing regions with limited access to electricity and unreliable grid infrastructure. These regions often rely on agriculture as a primary source of income, and solar water pumps offer a cost-effective and sustainable solution for irrigation, leading to improved crop yields and livelihoods.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Solar Water Pumps Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9% |
| 2032 Value Projection: | USD 3.1 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 400 |
| Tables, Charts & Figures: | 1,110 |
| Segments covered: | Product, Technology, Power Rating, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Solar Water Pumps Market Scope
