About Solar Pumps A solar pump runs on electricity generated by a solar PV array. The overall pump set is attached to the water source; the solar panel converts the solar energy into electricity, thereby operating the motor to pump water. These pumps eliminate the use of conventional fuel sources such as diesel. Also, they prove to be a cost-effective option for pumping water, especially in areas that face water scarcity and electricity shortage. Some of the major types of solar pumps are surface, submersible, and floating. These pumps are becoming more viable as their prices decline with increasing competition in the market. In addition, subsidies offered in various countries have also aided in lowering the costs of these pumps. Technavio's analysts forecast the global solar pumps market to grow at a CAGR of 34.03% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global solar pumps market for 2016-2020. To calculate the market size, the report considers the the demand for solar pumps from different end-users. The market is divided into the following segments based on geography: - Americas - APAC - EMEA Technavio's report, Global Solar Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors - Bright Solar - LORENTZ - Shakti Pumps - SunEdison - Tata Power Solar Other prominent vendors - Conergy - CRI Group - Dankoff Solar - Flowserve - Greenmax Technology - Grundfos - Jain Irrigation Systems - USL Market driver - Insufficient power supply in developing countries - For a full, detailed list, view our report Market challenge - High initial investment - For a full, detailed list, view our report Market trend - Demand for automated pump systems - For a full, detailed list, view our report Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report. Read the full report: http://www.reportlinker.com/p03712209-summary/view-report.html