Increasing development in the industrial, residential and agricultural industry along with lower operation and maintenance cost, the demand for global solar pumps market is rapidly escalating. Solar Pump runs on electricity produced by thermal energy or photovoltaic panels. It has a life span of 16 years. These solar pumps are independent of diesel and electricity, therefore, ensuring people in remote areas the long term benefits resulting in higher efficiency and productivity. These pumps are also known as Solar PV water pumping system. They are useful where grid electricity is unreachable and alternate sources do not provide adequate energy.

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This market is segmented on the basis of product and application. By product it is categorized into AC Submersible, DC Surface Suction, DC Submersible, and AC Floating. DC suction commanded the market accounting for over 80% of the market in 2014. Rising drip irrigation activities especially in developing countries of Asia Pacific and the Middle East & Africa is anticipated to drive solar powered DC suction pumps over the aforementioned forecast period. AC submersible pumps are anticipated to witness the highest growth rate over the aforementioned forecast period. Rising demand for higher efficiency solar pumps especially in developing countries of India and Bangladesh is anticipated to drive the demand for AC submersible pumps over the aforementioned forecast period.

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Market Segmentation

1)Product
• Introduction
• DC Surface Suction
• AC Submersible
• DC Submersible
• AC Floating
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product

2)Application
• Introduction
• Agriculture
• Drinking Water
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

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