North Asia Solar Water Pump

Which country is the largest market for solar water pump systems?

North America is expected to be the largest market for solar water pump systems during the forecast period, accounting for over 41.3% of the market share in 2023. The growth of the market in North America is attributed to supportive government policies, increasing solar energy adoption, and growing agriculture sector.

Which region is the fastest growing market for solar water pump systems?

Middle East & Africa is expected to be the fastest-growing market for solar water pump systems, with a CAGR of over 16.5% during the forecast period. The growth of the market in Middle East & Africa is attributed to high solar insolation, increasing EPC activity, and remote electrification initiatives.

What are the key drivers of solar water pump systems market?

The key drivers of this market include government subsidies and incentives, decreasing cost of solar panels, rising electricity prices, and increased groundwater depletion. Global solar water pump systems market is segmented into by product type, power rating, design type, application, and region.

What is solar water pumping system?

Solartech solar water pumping system help to solve the problem of land desertification. The project was installed and completed in Naypyidaw, Myanmar in 2015, using Solartech PB first generation 3700W inverters. This device not only meets the drinking water needs of 800 people, but the remaining water is also used to irrigate 100 acres of rice.