Solar Water Pumps Market to be dominated by Asia-pacific Region Through 2027 | Industry Statistics
Due to the growing expansion of agriculture activities and increasing efforts of governments to promote clean energy to drive the Global Solar Water Pumps Market through forecast period. According to TechSci Research report, “ Solar Water Pumps Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global solar water pumps market was valued at USD484. 46 million in 2021 and is expected to grow at a CAGR of 8.46% to reach USD791.46 million by 2027. Factors such as the large presence of solar manufacturers and the growing awareness of solar water pumping to reduce the dependency on fossil fuels drive the demand for the global solar water pumps market. The other prominent factors driving the growth of the global solar water pumps market are rapid advancements in photo voltaic technology which is lowering the cost of solar water pumps, and government regulations promoting energy production from renewable energy sources. Also, the steps taken b...