In a newly published research report titled “Solar Pumps Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” Future Market Insights estimates the global solar pumps market to reach up from a value of US$ 822 Mn in 2017 to a value beyond US$ 2,000.0 Mn in the next decade. During the forecast period 2017-2027, the global market for solar pumps is projected to grow at a stellar CAGR ... Read more
The US$ 822.0 Mn solar pumps market is presumed to attain revenues of over US$ 2,000.0 Mn during the 10-year assessment period. In terms of volume, the consumption of solar pumps is anticipated to reach beyond 490 thousand units by the end of 2027. Over the forecast period 2017-2027, the global market for solar pumps is expected to foster at a stellar CAGR of 11.7% in terms of value.
India all set to outpace MEA and China in terms of growth rate
Solar power pumps are devices that majorly run on electricity generated through photovoltaic cells. These cells mainly collect the incident solar energy, which further gets converted into electric energy through various processes. Solar powered pumps are known to be widely economical in the long run as compared to electrical powered pumps majorly due to less operational costs and low maintenance expenses. Solar powered pumps also have less ... Read more
