Improving farm productivity is a crucial part of poverty alleviation. This is because 40% of the global population relies on agriculture as its main source of income. However, over 25% of food produced in the developing world is wasted. Improved access to cold chain technologies could help avoid nearly a quarter of that loss.
Energy-efficient and affordable solar water pumps have the potential to be a critical enabler of economic growth and security for more than 500 million smallholder farmers worldwide. The estimated addressable market for solar water pumps today in sub-Saharan Africa and India is approximately USD 15.6 billion.