Solar Water Pump Outlook 2019: Global Trends and Market Opportunities
The solar water pump industry is at an important inflection point, with technology increasingly well-adapted for small-scale users and prices on the decline. Declining costs in photovoltaic technology had led to irrigation products better tailored for smallholder farmers. While the upfront cost of a solar water pump remains high, potential fuel cost savings and income gains from high-value crops would allow some farmers to break even on their investment within 12-18 months.
This report offers insights on the solar water pump market in sub-Saharan Africa and South Asia like never before. Analysis underscores a growing business case for promotion and adoption—with an addressable market estimated at USD 15.6 billion—and identifies solutions to barriers preventing market scale.