Global Solar Pumps Market Will Grow At A CAGR Of 34.03% During The Period 2017-2020
Researchmoz added Most up-to-date research on "Global Solar Pumps Market 2016-2020" to its huge collection of research reports. A solar pump runs on electricity generated by a solar PV array. The overall pump set is attached to the water source; the solar panel converts the solar energy into electricity, thereby operating the motor to pump water. These pumps eliminate the use of conventional fuel sources such as diesel. Also, they prove to be a cost-effective option for pumping water, especially in areas that face water scarcity and electricity shortage. Some of the major types of solar pumps are surface, submersible, and floating. These pumps are becoming more viable as their prices decline with increasing competition in the market. In addition, subsidies offered in various countries have also aided in lowering the costs of these pumps. Technavios analysts forecast the global solar pumps market to grow at a CAGR of 34.03% during the period 2016-2020. Covered : The report ...