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ALBANY, New York, March 20, 2020 /PRNewswire/ -- Transparency Market Research has published a new research report that provides detailed information about the overall working dynamics of the global solar pumps market. The research report shed light on the key segments, vendor landscape, and both driving as well as restraining factors of the global market. As per the research report, the global solar pumps market is projected to exhibit a highly promising growth rate of ~12% over the course of the given forecast period of 2019 to 2027. With such massive rate of development, the market was projected to reach valuation of US$1.3 Bn in 2019 and will touch a mark of US$3.1 Bn by the fall of 2027. Global Solar Pumps Market Key Takeaways Leading manufacturers are constantly focusing in improving the production of AC submersible solar pumps. Naturally, this segment is projected to witness a higher growth than its unprotected counterpart, i.e. surface solar pumps. The segment is also projected to witness improved innovations and upgrades in terms of operating functions and range of performance. The segment of AC pumps is projected to have a stronger market growth as compared to DC ones due to their lower maintenance and cost efficiency. In terms of application, the agriculture segment is projected to be chief contributor for the overall development of the global solar pumps market. Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Solar Pumps Market by Product Type: Submersible Pumps, Surface Pumps; Operation: AC Pumps and DC Pumps; Application: Agriculture, Drinking Water, Municipal Engineering, and Others. At https://www.transparencymarketresearch.com/solar-pumps-market.html Global Solar Pumps Market Prominent Growth Factors Increasing use of solar energy for applications such as irrigation and agricultural activities across the world is the biggest driving factor for the development of the global solar pump market. Decline in the prices of solar equipment is also a playing an important role in the development of the global market. In addition to this, subsidies and rebates issued by governments on use of solar equipment is also encouraging improved sales and thus driving market growth. With increasing cry about environment conservation, solar pumps offer a perfect alternative for gas and oil fracking activities. Increasing demand from agrarian countries across the globe to further fuel the overall development of the global solar pumps market. Download PDF Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=69551 Global Solar Pumps Market Prominent Growth Inhibitors Lack of knowledge is one of biggest growth inhibitor for the development of the global market as end users are unaware of the potential and benefits of using solar pumps. Even though subsidies and rebates are issued, at times, it is still out of reach for small scale farmers, which is an important growth inhibitor for the development of the global solar pumps market Lack of accessibility to superior quality products and services is also a key hindrance for market growth. View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/69551 Global Solar Pumps Market Geographical Outlook Currently, the global market for solar pumps is being led by the regional segment of Asia Pacific. The region is home to several agrarian economies such as India, Bangladesh, and China who all have favorable weather conditions for use of solar pumps. Governments in these countries are making strong efforts to improve uptake of these products creating lucrative growth opportunities for the market leaders. Analyze Solar Pumps market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sampleof the study. Global Solar Pumps Market Key Market Players Some of the notable players in the global solar pumps market are Bernt Lorentz GmbH, Bright Solar Ltd., C.R.I. Pumps Private Limited, Dankoff Solar Pumps, and Greenmax Technology among others. Market Segmentation is as follows Global Solar Pumps Market by Product Type Submersible Surface Global Solar Pumps Market by Operation AC Pumps DC Pumps Global Solar Pumps Market by Application Agriculture Drinking Water Municipal Engineering Others Global Solar Pumps Market by Region North America Asia Pacific Europe South America Middle East & Africa Explore Transparency Market Research's award-winning coverage of the Global Factory Automation Industry: Sewage Pump Market The growing demand for clean water, along with the underlying mega-trend of population growth, is enhancing the demand for sewage pumps around the world. As of 2018, the value of the sewage pump market was US$ ~9.5 Bn, and it is expected to reach US$ ~16.9 Bn by 2027. Bearing Market Due to these recent developments coupled with the booming demand from multiple industries, the global bearing market is expected to reach a market value of ~US$ 200 Bn by the end of 2027. Waterjet Cutting Machinery Market Rising manufacturing activity across the world is increasing the demand for fabrication and cutting. Waterjet cutting machinery, especially robotic Waterjet cutting machinery are performing the metal fabrication operations with precision causing least environmental damage. It is expected that global metal fabrication industry is expected show significant growth during the forecast period which is increasing the demand for Waterjet cutting machinery. Cold Milling Machine Market TMR predicts that the global cold milling machine market would be largely driven by factors such as increase in road construction and road maintenance activities. Rise in demand for multifunctional characteristics of cold milling machines, use of advanced technology, and penetration in developing nations are set to drive the global cold milling machine market during the forecast period. Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions. About Transparency Market Research Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. ContactMr Rohit BhiseyTransparency Market ResearchState Tower,90 State Street,Suite 700,Albany NY - 12207United StatesUSA - Canada Toll Free: 866-552-3453Email: [emailprotected] Website: http://www.transparencymarketresearch.com Blog: https://tmrblog.com/ SOURCE Transparency Market Research

Answer: Government Encouragement and Rebates on Solar Equipment is Driving Growth of Global Solar Pumps Market; Valuation to Reach US$3.1 Bn by 2027, Projects TMR