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

Global Solar Water Pumps Market stood at USD484.46 million in 2021 and is forecast to grow at a CAGR of 8.46% by 2027. A solar water pump system is basically an electrical pump system that is powered by one or more Photovoltaic (PV) panels. A typical solar pumping system includes a solar panel array that runs on electricity, which in turn powers a bore or ground pump. Moreover, it operates on the photovoltaic principle. PV (photovoltaic) systems absorb radiant solar energy and convert it into electricity while a solar pump is operating. This generated electricity for the entire system is used for many purposes such as irrigation, potable drinking water and community water supply.

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, Tulima Solar Ltd., Grundfos Holding A/S, Topsun Energy Limited, Jain Irrigation Systems Ltd., Novergy Energy Solutions Pvt. Ltd., Adpower FZCO are among the major market players that lead the market growth of the Global Solar Water Pumps Market.
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