Dublin, July 31, 2019 (GLOBE NEWSWIRE) -- 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/k812s6

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Related Topics: Pumps

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