Saudi Arabia Desalination Plant Market to be dominated by Thermal Technology through 2028

Increasing investments and government mega desalination projects are expected to increase the growth of Saudi Arabia Desalination Plant Market during the forecast period of 2024-2028

According to TechSci Research report, “Saudi Arabia Desalination Plant Market – By Region, Competition Forecast & Opportunities, 2018–2028,” Saudi Arabia Desalination Plant Market is anticipated to register a robust growth during the forecast period, 2024-2028 due to large government projects, and the government’s privatization efforts, which have made Saudi Arabia’s water and wastewater sector an attractive market for U.S. companies offering engineering services for the desalination and wastewater industries.

Moreover, the Saudi Arabia Desalination Plant Market is driven by increasing population, scarcity of freshwater resources, abundant availability of sea water, and rapid industrialization. Increasing investment by the government to build mega desalination plants such as Ras Al Khair, Shuaiba 3, Jubail Water and Power Company (JWAP), Jubail 3A IWP and advancements in technology such as the development of energy-efficient technologies are expected to further propel the Saudi Arabia Desalination Plant Market growth.

Furthermore, the National Water Strategy has set goals for nationwide wastewater coverage to grow from 65 percent in 2020 to 95-100 percent by 2030, with strategic partners taking over responsibility of 100 percent of treated water production by 2030 as well. In 2018, the Saudi government reported its efforts under Vision 2030 and achieved a number of goals, including rehabilitating agricultural terraces in the Kingdom’s south to improve the efficiency of water use and promote less water-intensive crops; improving the efficiency of desalinated water production; and improving the country’s billing and tracking of water usage by installing over a million linked high-precision electronic meters.

Additionally, Saudi Arabia aims to become the Gulf Cooperation Council’s largest market for treated sewage effluents (TSE), a water reuse method that is a strong alternative to using desalinated water in non-potable applications. To that end, the Kingdom has set a target of increasing TSE reuse to 70 percent by 2030 under the Kingdom’s National Water Strategy.

Therefore, due to all such government initiatives and investments, the Saudi Arabia Desalination Plant Market is likely to grow during the forecast period.

 

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Saudi Arabia Desalination Plant Market is segmented into by technology, by end user sector, by region, and by competitive landscape.

On the basis of technology, the thermal technology is expected to be dominant in the Saudi Arabia Desalination Plant Market because thermal technology is effective, and it multiplies the amount of pure water that can be generated with a given amount of energy, which significantly lowers the cost. Additionally, it provides other important advantages like ongoing safe and dependable operation, lower operating and maintenance costs, environmentally friendly solutions to reduce negative environmental effects.

On the basis of region, eastern is expected to dominate the Saudi Arabia Desalination Plant Market because Al Jubail which is in eastern province is the world’s largest producer of desalinated water. Moreover,  the natural environment of deserts and semi-deserts in the eastern province is determined by an extremely sensitive equilibrium, environmental impacts, and shortages in water resources..

Major market players operating in the Saudi Arabia Desalination Plant Market are:

• ACWA Power
• Abunayyan Holding
• SAWACO Water Desalination
• Wetico
• SA’DA Water
• Marafiq Power & Water Utility Services
• Saudi Water Technology Company
• Veolia Water Technologies
• Alkhorayef Water and Power Technologies Company
• AES Arabia Ltd

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“Over the forecast period, factors such as population growth, fast urbanization, and increasing water scarcity in a number of regions of the Kingdom of Saudi Arabia are anticipated to fuel demand for desalination plants. Furthermore, the Saudi Arabian construction industry will expand greatly due to the government's strong backing for infrastructure development and investments, which is anticipated to boost water usage, hence augment the market for desalination plants over the anticipated timeframe.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Desalination Plant Market By Technology (Thermal Technology, Membrane Technology), By End Use Sector (Industrial, Municipal and Others), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Saudi Arabia Desalination Plant Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Desalination Plant Market.