Solar Water Pump Market to Surpass Valuation of US$ 8.16 Billion By 2033 | Submersible Motors Below 10 HP to Witness Sharp Upsurge In Demand Says Astute Analytica
Sharp(SHCAY) GlobeNewswire News Room·2025-01-16 15:30
New Delhi, Jan. 16, 2025 (GLOBE NEWSWIRE) -- The global Solar water pump market was valued at US$3.43 billion in 2024 and is projected to hit the market valuation of US$ 8.16 billion by 2033 at a CAGR of 10.10% during the forecast period 2025–2033. Solar water pumps continue to gain robust traction in both agricultural and community-level water projects worldwide, as they operate without reliance on conventional fuel sources and significantly reduce operational overheads. Across South Asia and sub-Saharan A ...