Global Solar Pumps Market to Grow at a CAGR of 34.03% During 2016-2020
The global solar pumps market to grow at a CAGR of 34.03% during the period 2016-2020. 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...
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