Press Release Description

Reducing Dependency on Fossil Fuel Import is Projected to Boost the Solar Pump Market in Africa

The paradigm shifts towards the reducing reliance on the fossil fuel import on account of rising price of fuel, poor availably of grid electricity in the agriculture field along with the escalating government initiatives regarding the zero carbon emission is strongly contributing to the market growth of the solar pump in the region. For instance, Nine African cities is planning to cut carbon emissions to zero by 2050. Coupled with, the solar pumps find its usage in remote regions where energy in the form of electricity is not available.

Moreover, finance by the government banks and NGOs foster the small scale farmer’s self-confidence, thus anticipated to boost the demand for solar pump in the forecasted period. Additionally, government investments across Morocco, Kenya, etc. have further supported the market to grow. For instance, the government of Morocco has planned to deploy 100,000 solar pumps through 2020.

According to the MarkNtel Advisors’ research report, “Africa Solar Pump Market Analysis, 2020”, CAGR of Africa Solar Pump market is expected to be more than 17% during 2020-25 with the market size of XX million by 2025. The application of solar in the irrigation dominated the solar pump market due to the elevating agricultural projects in the region. As 90% of Africa’s agriculture is rain-fed, thus the growing rainfall variability due to climate change surged the demand for water. Owing to this, the high levels of investment for the water extraction required to overcome the water scarcity problem, which in turn is expected to drive the growth of the solar water pumps for irrigation.

Morocco grabbed the majority market share in the Africa Solar Pump market in 2020 on account of increasing contribution by Nationally Appropriate Mitigation Actions (NAMA) to overcome GHG emission. For instance, in Morocco the installation of solar water pump in the agriculture field with the help Nationally Appropriate Mitigation Actions (NAMA) program is projected to boost the market growth in the upcoming years. Moreover, the NAMA aim to encourage the implementation of and expand the scope of Morocco's national solar pumping program. Coupled with to replace butane/diesel irrigation pumps used by small-scale farmers with solar pumps. For instance, it targets to install around 30,000 solar pump by 2025. Thereby, the mushrooming initiatives by the government is anticipated to proliferate the market of the share mobility in the coming years, as revealed by MarkNtel Advisors’ research report “Africa Solar Pump Market Analysis, 2020”.

According to MarkNtel Advisors research report, the Africa Solar Pump market is highly fragmented. The market players in the Africa Solar Pump market are grundfos, cri pumps, cedar solar, lorentz, franklin electric, mono, sunculture, karmsolar, future pump etc. In order to increase their footing, the companies through strategic initiative trying to gain competitive edge over the other market competitors. 

Industry Segmentation:
1.    By Type (Surface, Submersible)
2.    By Operation (AC Pumps, DC Pumps)
3.    By Capacity (Below 5 HP, 5-8 HP, Above 8 HP)
4.    By Application (Irrigation, Drinking Water, Industries, Other)
5.    By Country (Morocco, Ethiopia, Kenya, South Africa, Egypt, Nigeria, Others)
6.    By Company (Grundfos, CRI Pumps, Cedar Solar, Lorentz, Franklin Electric, Mono, Sunculture, Karm Solar, Future pump)

Key questions answered in the study:
1.    What are the current and future trends of the Africa Solar Pump market? 
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    What are the future plans and customer expectations of end-users across the country? 
4.    How the competition has been shaping across the countries followed by their comparative factorial indexing?
5.    What are the key growth drivers and challenges for the Africa Solar Pump market industry?
6.    What are the customer orientation, purchase behavior, and expectations from Solar Pump suppliers across various regions?

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