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Recent research and the current scenario as well as future market potential of "Solar Pumps Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027)". Report anticipates robust growth for the India solar pumps market at a CAGR of over 15.0% during 2017-2027. 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. Get Free PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=1834811 Soaring demand from water-intensive end-use industry is another factor shaping the future of solar pumps market in India. Irrigation will remain the top application throughout the forecast p...

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 ...