SOLAR WATER PUMP SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Solar Water Pump Systems Market, By Product Type (Submersible, Surface, Floating, and Others), By Power Rating (Up to 3HP, 3 to 10HP, and Above 10HP), By Design Type (AC Pump, DC Pump, Submersible Pump, Fountain Pump, and Others), By Application (Agriculture, Drinking Water, Municipal Engineering, and Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Solar Water Pump Systems Market- Recent Developments

New Product Launches

In November 2023, Shakti Pumps is solar pump manufacturing company launched stainless-steel submersible solar pumps. This pump is 100% energy-efficient.

Acquisition and Partnerships

In September 2022, Bright Solar is solar manufacturing company acquired Pump Engineering provides Industrial Pump Service to strengthen its solar water solutions capabilities and expand its global presence into 50 countries.
In June 2021, Lorentz is a solar manufacturing company partnered with SunCulture is a solar pump distributor to distribute its solar water pumps and irrigation products across East Africa to improve food security and farming
In April 2020, Shakti Pumps acquired Et Solar provider for photovoltaic module to expand its solar pump portfolio and enhance R&D capabilities in solar pumping systems

Figure 2. Global Solar Water Pump Systems Market Share (%), By Application, 2023