Lucintel's latest market report analyzed that solar pump provides attractive opportunities in the agriculture and water management industries. The solar pump market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, Submersible is the largest segment by product, whereas agriculture is largest by end use industry.

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Based on product, the solar pump market is segmented into surface suction, submersible, and floating. The Submersible segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of submersible solar pump for water extraction from all size of bores and rising usage of submersible solar pump for domestic water supply in large residence and multi-storied apartments.

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The Solar Pump Market is marked by the presence of several big and small players. Some of the prominent players offering solar pump include Lorentz, CRI pumps, SunEdison, Sunculture, Tata Power Solar Systems, Shakti Solar Pumping System, and Grundfos.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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