Solar Pumps Market 2017-2027 By Size, Share, Trends, Growth and Forecast | TechSci Research

The Global Solar Pumps Market is valued at USD1648.29 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.91% owing to increasing electricity tariffs, emphasis on clean energy, etc.

A solar pump is a pumping mechanism that is powered by solar panels and runs on solar energy. The pump is not powered by fossil fuels or additional electricity. A water storage tank, electrical wires, a breaker/fuse box, a DC water pump, a solar charge controller (MPPT), and a solar panel array are all included in the system. Solar pumps have a lower environmental impact than pumps powered by IC engines or grid energy. One or more solar panels, a controller, and a pump are the main components of a PV solar-powered pump system. Solar panels make up a large portion of the platform's cost (up to 80%). The size of the PV system is related to the pump's size, the volume of water required, and the amount of solar radiation available.

Shakti Pumps (India) Ltd, Tata Power Solar Systems Ltd, C.R.I. Pumps Private Limited, Oswal Pumps Limited, Bernt Lorentz GmbH & Co. KG, Aquasub Engineering, Greenmax Technology, China Samking Solar Pump, Lubi Electronics, Vincent Solar Energy are among the major market players in the Global Solar Pumps Market.
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