Report Description

Forecast Period

2023-2028

Market Size (2022)

USD 23.12 Million

CAGR (2023-2028)

9.39%

Largest Market

Northern & Central Region

Fastest Growing Segment

Drinking Water


Saudi Arabia Solar Water Pumps market is anticipated to grow at a steady pace in the forecast period, 2024-2028 & will grow at a very healthy CAGR in the forecast period. In contrast to water pumps that are driven by grid electricity or diesel, solar-powered pumps are powered by photovoltaic (PV) panels or the radiated thermal energy of the sun's radiation. For the most part, solar-powered pumps are made up of a solar panel array, solar charge controller, DC water pump, fuse box/breakers, electrical wiring, and a water storage tank. Pumps driven by solar energy are more cost-effective to operate than pumps powered by internal combustion engines because they require less upkeep & maintenance and have less environmental impact. When grid power is unavailable or unfeasible, solar pumps can be used in places where other energy sources (especially wind) are insufficient.

Water and water purification techniques will be necessary with the growing rate of urbanization. Energy-efficient water pumps are necessary to maintain a steady water supply for the expanding metropolitan population. Irrigation equipment is in high demand in the agriculture industry. These pumps are a superb piece of agricultural and rural technology. It is a pump that can function even in the absence of an electrical grid. These elements are hence, fueling the market's expansion.

Shifting Towards Low Carbon Emission Technology Enhances the Market Growth in the Forecast Period

Massive cost reductions in renewable energy technology are encouraging the shift to cleaner, more sustainable energy systems, which is an aspect that has already started. Solar power increases environmental sustainability, disaster preparedness, and climate change mitigations to ease the cost of quickly phasing out coal across Saudi Arabia's systems and to meet objectives for low carbon emissions. There has been an upsurge in the usage of clean, renewable energy. In some cases, unsubsidized renewable energy has the potential to be less expensive than brand-new conventional generators. Therefore, these factors are responsible for driving the market growth of the Saudi Arabia Solar Water Pumps Market.

Rising Environmental Consciousness Towards Reducing the Reliance on Fuel Sources is Driving the Market Growth

Through 2028 the market for solar water pumps will be driven by the rising usage of these pumps in regions without access to the grid. For instance, with government support in the form of subsidies, more people are utilising solar pumps for irrigation because of unanticipated power outages. The industry is expanding as a result of government initiatives to promote the use of solar pumps and strict limitations on carbon emissions. Solar water pumps provide a variety of benefits that are speeding market’s growth, including improved efficiency, cost-effectiveness, simplicity of maintenance, extended working life, environmental friendliness, and a reduced dependency on fuels. The usage of solar water pumps for irrigation is being driven by the expansion of agricultural operations to fulfil the growing global food demand along with the requirement for a clean and fresh water source.

Lack of Knowledge Impacting the Saudi Arabia Market

Rural communities' lack of knowledge about solar pumps is likely to impede development. Many agricultural landowners and farmers are still ignorant of solar technology's capacity to produce power. Farmers are discouraged from switching to solar pumps due to the accessibility of electrical pumps and the reduced maintenance expenses associated with them. Thus, these elements are expected to limit market expansion.


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Market Segmentation

The Saudi Arabia Solar Water Pumps Market is divided into Type, Capacity, Application and Operations. Based on type, the market is divided into Submersible and Surface. Based on capacity, the market is segmented into Below 5 HP, 5-8 HP and Above 8 HP. Based on the application, the market is segmented into Irrigation, Drinking Water, Industrial, and Others. Based on operation, the market is segmented into AC Pump and DC Pump.

Market Players

Major market players in the Saudi Arabia Solar Water Pumps Market are Grundfos Saudi Arabia Company Ltd, WILO Pumps Saudi Arabia Co Ltd, Sulzer Ltd, EBARA Pumps Saudi Arabia, ITT Saudi Co, KSB Pumps Arabia Ltd, Lamah Co. Ltd, Xylem Saudi Arabia, United Park Co, and Flowserve Corporation.

Recent Developments:

  • Sulzer Ltd.'s cutting-edge engineering and manufacturing network, globally, allowed the business to manufacture 289 high-efficiency desalination pumps in Saudi Arabia, transport them, and put them into operation, in only 18 months. For all of the pump skids to be delivered on time, different Sulzer plants had to work together due to the short manufacturing timetable and the high quantity of pumps.
  • In October 2022, Alfanar announced plans to construct a solar project that would use both ground-mounted and floating PV to power the Al Jubail 2 water desalination plant on Saudi Arabia's east coast. The company has invested USD 319 million in the project.
  • In April 2021, Larsen & Turbo Construction obtained a contract for engineering, procurement, and construction (EPC) from the consortium of ACWA Power and Electricity Holding firm, which is a division of the Saudi Arabian Public Investment Fund, to build 1.5GW of solar PV projects in Saudi Arabia.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Type

Capacity

Application

Operations

Regional scope

Northern & Central Region, Southern Region, Eastern Region, Western Region.

Key companies profiled

Grundfos Saudi Arabia Company Ltd, WILO Pumps SAUDI ARABIA CO. LTD., Sulzer Ltd, EBARA Pumps Saudi Arabia, ITT Saudi Co, KSB Pumps Arabia Ltd., Lamah Co. Ltd, Xylem Saudi Arabia, United Park Co, and Flowserve Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

The scope of the report is limited to solar water pumps and controllers excluding solar PV Panels.

In this report, the Saudi Arabia Solar Water Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         Saudi Arabia Solar Water Pumps Market, By Type:

 

o   Submersible

o   Surface

            ·         Saudi Arabia Solar Water Pumps Market, By Capacity:

                  o   Below 5 HP

o   5-8 HP

o   Above 8 HP

            ·         Saudi Arabia Solar Water Pumps Market, By Application:

o   Irrigation

o   Drinking Water

o   Industrial

o   Others

            ·         Saudi Arabia Solar Water Pumps Market, By Operation:

o   AC Pump

o   DC Pump

            ·         Saudi Arabia Solar Water Pumps Market, By Region:

    • Northern & Central Region
    • Southern Region
    • Eastern Region
    • Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Solar Pumps Market.

Available Customizations:

Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Solar Water Pumps Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Impact of COVID-19 on the Saudi Arabia Solar Water Pumps Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia Solar Water Pumps Market Outlook

6.1.  Market Size & Forecast

6.1.1.          By Value

6.2.  Market Share & Forecast

6.2.1.          By Type (Submersible and Surface)

6.2.2.          By Capacity (Below 5 HP, 5-8 HP and Above 8 HP)

6.2.3.          By Application (Irrigation, Drinking Water, Industrial, and Others)

6.2.4.          By Operation (AC Pump and DC Pump)

6.2.5.          By Region (Northern & Central Region, Southern Region, Eastern Region, Western Region)

6.3.  By Company (2022)

6.4.  Market Map

7.    Northern & Central Saudi Arabia Solar Water 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 Operation

8.    Southern Saudi Arabia Solar Water 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 Operation

9.    Eastern Saudi Arabia Solar Water 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 Operation

10. Western Saudi Arabia Solar Water 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 Operation

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Company Profiles

14.1.   Grundfos Saudi Arabia Company Ltd

14.1.1.       Business Overview

14.1.2.       Key Revenue and Financials (If Available)

14.1.3.       Recent Developments

14.1.4.       Key Personnel

14.1.5.       Key Product/Services

14.2.   WILO Pumps Saudi Arabia Co. Ltd

14.2.1.       Business Overview

14.2.2.       Key Revenue and Financials (If Available)

14.2.3.       Recent Developments

14.2.4.       Key Personnel

14.2.5.       Key Product/Services

14.3.   Sulzer Ltd

14.3.1.       Business Overview

14.3.2.       Key Revenue and Financials (If Available)

14.3.3.       Recent Developments

14.3.4.       Key Personnel

14.3.5.       Key Product/Service

14.4.   EBARA Pumps Saudi Arabia

14.4.1.       Business Overview

14.4.2.       Key Revenue and Financials (If Available)

14.4.3.       Recent Developments

14.4.4.       Key Personnel

14.4.5.       Key Product/Service

14.5.   ITT Saudi Co

14.5.1.       Business Overview

14.5.2.       Key Revenue and Financials (If Available)

14.5.3.       Recent Developments

14.5.4.       Key Personnel

14.5.5.       Key Product/Services

14.6.   KSB Pumps Arabia Ltd

14.6.1.       Business Overview

14.6.2.       Key Revenue and Financials (If Available)

14.6.3.       Recent Developments

14.6.4.       Key Personnel

14.6.5.       Key Product/Services

14.7.   Lamah Co. Ltd

14.7.1.       Business Overview

14.7.2.       Key Revenue and Financials (If Available)

14.7.3.       Recent Developments

14.7.4.       Key Personnel

14.7.5.       Key Product/Services

14.8.   Xylem Saudi Arabia

14.8.1.       Business Overview

14.8.2.       Key Revenue and Financials (If Available)

14.8.3.       Recent Developments

14.8.4.       Key Personnel

14.8.5.       Key Product/Services

14.9.   United Park Co

14.9.1.       Business Overview

14.9.2.       Key Revenue and Financials (If Available)

14.9.3.       Recent Developments

14.9.4.       Key Personnel

14.9.5.       Key Product/Services

14.10.Flowserve Corporation

14.10.1.       Business Overview

14.10.2.       Key Revenue and Financials (If Available)

14.10.3.       Recent Developments

14.10.4.       Key Personnel

14.10.5.       Key Product/Services

15. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Grundfos Saudi Arabia Company Ltd, WILO Pumps Saudi Arabia Co. Ltd, Sulzer Ltd, EBARA Pumps Saudi Arabia, ITT Saudi Co, KSB Pumps Arabia Ltd., Lamah Co. Ltd, Xylem Saudi Arabia, United Park Co, and Flowserve Corporation are among the leading players in the Saudi Arabia Solar Water Pumps Market.

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The Submersible Segment has the largest share in the upcoming year, owing to water supply for towns or agricultural irrigation being two uses for submersible solar pumps. It is anticipated that market growth in Saudi Arabia is expected to be significantly impacted in the upcoming years by the rapidly expanding construction of desalination plants for urban and industrial use, as well as the rising demand for potable water decided to bring on by the region's extremely low annual rainfall, extremely high evaporation rates, and groundwater depletion.

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The main factors driving the Saudi Arabia Solar Water Pumps market are rising technological advancements, shift from a non-reliable electricity supply and government initiatives.

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The Northern & Central region of Saudi Arabia has the greatest market growth share for solar water pumps, and it is anticipated that it will continue to develop at a rapid rate over the next years. Large agricultural production regions for diverse crop kinds, including barley among others are the factors which help in fueling the market growth of Saudi Arabia Solar Water Pumps in the upcoming years.

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Parvati Sharma

Account Manager BD
Press Release

Saudi Arabia Solar Water Pumps Market to be Dominated by Submersible Segment in the Forecast Period with a High CAGR

Apr, 2023

Increasing use of solar energy pumps for irrigation & agricultural sector and growing carbon emissions in the environment are driving the market of Saudi Arabia solar water pump across the country.