Aug 1, 2019   SOURCE: BusinessWire

Africa Solar Water Pump Market was Valued at $6.6M in 2018 and is Projected to Reach $18M by 2024, Growing at a CAGR of ~19% - ResearchAndMarkets.com

The "Africa Solar Pumps Market By Type (Submersible & Surface), By Capacity (Below 5 HP; 5 HP; 5-8 HP & Above 8 HP), By Application (Irrigation, Drinking Water, Industrial & Others), By Country, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

The African solar water pump market was valued at $ 6.6 million in 2018 and is projected to grow at a CAGR of around 19% to reach $ 18 million by 2024.

The country registered substantial growth in terms of number of new installations, predominantly attributed to decreasing prices of PV panels and government subsidy over the past few years. Easy finance by NGOs and government banks is boosting the confidence of small-scale farmers, which is further propelling growth in the African solar water pump market.

In terms of type, the African solar pumps market is categorized into submersible and surface. During the forecast period, lower capacity submersible pumps are anticipated to account for majority of the market share on the back of increasing diesel price and poor availability of grid electricity in the agriculture fields.

Based on countries, the African solar pumps market is categorized into Morocco; Ethiopia; Kenya; South Africa and Egypt. In Morocco, NAMA program supports new installation of solar water pumps in agriculture fields owing to which the country's solar pump market is anticipated to grow at a swift rate during the forecast period. The key players in the African solar pumps market are CRI Pumps, Grundfos, Cedar Solar, Lorentz, Franklin Electric Pumps, Sun Culture, among others.

Years considered for this report:

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast the market size of the African solar pumps market
  • To forecast the African solar pumps market based on type, capacity, application, and country
  • To identify drivers and challenges for the African solar pumps market
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the African solar pumps market
  • To conduct pricing analysis for the African solar pumps market
  • To identify and analyze the profile of leading players in the African solar pumps market

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors considered while selecting a supplier

4.2. Product awareness and applicability & usage analysis

4.3. Challenges/issues faced post purchase

4.4. Unmet needs

5. Africa Solar Pumps Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Submersible; Surface)

5.2.2. By Capacity (Below 5 HP; 5-8 HP, Above 8 HP)

5.2.3. By Application (Irrigation, Drinking Water, Industrial, Others)

5.2.4. By Country (Morocco; Ethiopia; Kenya; South Africa; Egypt)

5.2.5. By Company (2018)

5.3. Market Attractive Index (By Type; By Capacity; By Application; By Country)

6. Morocco Solar Pumps Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Capacity

6.2.3. By Application

6.2.4. By Company

7. Ethiopia Solar Pumps Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Capacity

7.2.3. By Application

7.2.4. By Company

8. Kenya Solar Pumps Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Capacity

8.2.3. By Application

8.2.4. By Company

9. South Africa Solar Pumps Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Capacity

9.2.3. By Application

9.2.4. By Company

10. Egypt Solar Pumps Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Capacity

10.2.3. By Application

10.2.4. By Company

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

14.3.1 Basic Details

14.3.2 Financials (As reported)

14.3.3 Supply Chain Analysis

14.3.4 Key Market Focus and Geographical Presence

14.3.5 Planned Investments

14.3.6 Pricing of Target Products

14.3.7 Market positioning

13.3. Africa Players Profiled (Top 5 Leading Companies)

13.3.1. Grundfos

13.3.2. CRI Pumps

13.3.3. Cedar Solar

13.3.4. Lorentz

13.3.5. Franklin Electric Pumps

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/39f98i