Saudi Arabia Solar Water Pumps Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Solar Water Pumps Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Saudi Arabia Solar Water Pumps Market, including market size and trends, product mix, Applications, and supplier analysis. Solar-powered water pumps are powered by photovoltaic (PV) panels or the radiated thermal energy of the sun's radiation, as opposed to water pumps that are run on grid electricity or diesel. A solar panel array, solar charge controller, DC water pump, fuse box/breakers, electrical wiring, and a water storage tank are the main components of solar-powered pumps. Because they require less maintenance and have a smaller environmental impact, pumps powered by solar energy are more economical to run than pumps powered by internal combustion engines. Solar pumps can be utilised in locations where other energy sources (particularly wind) are insufficient when grid power is unavailable or impractical.
- July 2019: Al Jubail 2's water desalination plant on Saudi Arabia's east coast would be powered by a solar project that Alfanar intends to build using both ground-mounted and floating PV, it was revealed in October 2022. The project has received 319 million USD from the firm.
- April 2021: To build 1.5GW of solar PV projects in Saudi Arabia, the consortium of ACWA Power and Electricity Holding business, a branch of the Saudi Arabian Public Investment Fund, awarded Larsen & Turbo Construction an engineering, procurement, and construction (EPC) contract.
Market Opportunities and Challenges
Opportunities: The transition to cleaner, more sustainable energy systems is being encouraged by significant cost reductions in renewable energy technology, which is one part that has already started. In order to satisfy Saudi Arabia's goals for low carbon emissions and to reduce the cost of fast phasing out coal across its systems, solar power promotes environmental sustainability, disaster readiness, and climate change mitigation. Utilisation of clean, renewable energy has increased. Unsubsidized renewable energy may occasionally be less expensive than recently manufactured conventional generators. As a result, these elements are what are creating opportunities for fuelling the Saudi Arabia Solar Water Pumps Market's expansion.
Challenges: Lack of awareness of solar pumps in rural communities will probably limit development. Many agricultural landowners and farmers are still unaware of the power-generating potential of solar technology. Due of the accessibility of electrical pumps and their lower maintenance costs, farmers are discouraged from switching to solar pumps. Thus, it is anticipated that these factors will restrict market growth.
Market Competitive Landscape
The major players in the Saudi Arabia Solar Water Pumps market include: EBARA Pumps Saudi Arabia, Flowserve Corporation, Grundfos Saudi Arabia Company Ltd., ITT Saudi Co., KSB Pumps Arabia Ltd., Lamah Co. Ltd, Sulzer Ltd, United Park Co, WILO Pumps SAUDI ARABIA CO. LTD., Xylem Saudi Arabia, Others. By forming distribution and trade alliances, an increasing number of companies are concentrating on breaking into the solar industry and launching solar water pumps in the Kingdom of Saudi Arabia (KSA). A situation like this is predicted to create a highly competitive environment in the market for solar water pumps in KSA in the future years.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application, By Capacity, By Operation
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| Regions covered | Eastern Region, Northern & Central Region, Southern Region, Western Region
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| Companies Covered | EBARA Pumps Saudi Arabia, Flowserve Corporation, Grundfos Saudi Arabia Company Ltd., ITT Saudi Co., KSB Pumps Arabia Ltd., Lamah Co. Ltd, Sulzer Ltd, United Park Co, WILO Pumps SAUDI ARABIA CO. LTD., Xylem Saudi Arabia, Others
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COVID-19 Impact on Saudi Arabia Solar Water Pumps Market
One of the businesses that has been significantly impacted by the corona virus pandemic is the solar power sector. Due to staffing shortages and decreased availability of solar power project equipment as a result of halted transit, the solar power sector and its projects have been placed on hold. A significant supplier of solar panel components is China. The majority of trades from China into the global market have been halted during this outbreak. The commerce and production of solar parts are anticipated to begin in China as of right now, when the situation is considerably better than it was previously, which will gradually return the market to normal.
Key Target Audience:
- Agricultural Sector
- Emergency and Disaster Relief Organizations
- Environmental and Conservation Organizations
- Individuals and Homeowners
- Research and Development Organizations
- Rural Communities
- Solar Equipment Suppliers and Installers
- Utilities and Water Authorities
- Others
Our in-depth analysis of the Saudi Arabia Solar Water Pumps Market includes the following segments:
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By Type:
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Submersible
Surface
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By Application:
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Drinking Water
Industrial
Irrigation
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By Capacity:
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Below 5 HP
5-8 HP
Above 8 HP
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By Operation:
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AC Pump
DC Pump
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Key Topics Covered in the Report:
- Saudi Arabia Solar Water Pumps Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Solar Water Pumps Market
- Segmentation of Saudi Arabia Solar Water Pumps Market By Type (Submersible, Surface)
- Segmentation of Saudi Arabia Solar Water Pumps Market By Application (Drinking Water, Industrial, Irrigation, Others)
- Segmentation of Saudi Arabia Solar Water Pumps Market By Capacity (Below 5 HP, 5-8 HP, Above 8 HP)
- Segmentation of Saudi Arabia Solar Water Pumps Market By Operation (AC Pump, DC Pump)
- Statistical Snap of Saudi Arabia Solar Water Pumps Market
- Expansion Analysis of Saudi Arabia Solar Water Pumps Market
- Problems and Obstacles in Saudi Arabia Solar Water Pumps Market
- Competitive Landscape in the Saudi Arabia Solar Water Pumps Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Solar Water Pumps Market
- Details on Current Investment in Saudi Arabia Solar Water Pumps Market
- Competitive Analysis of Saudi Arabia Solar Water Pumps Market
- Prominent Players in the Saudi Arabia Solar Water Pumps Market
- SWOT Analysis of Saudi Arabia Solar Water Pumps Market
- Saudi Arabia Solar Water Pumps Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Solar Water Pumps Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Solar Water Pumps Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Solar Water Pumps Market
7. Saudi Arabia Solar Water Pumps Market, By Type (USD Million)
7.1. Saudi Arabia Solar Water Pumps Market Value Share and Forecast, By Type, 2023-2033
7.2. Submersible
7.3. Surface
8. Saudi Arabia Solar Water Pumps Market, By Application (USD Million)
8.1. Saudi Arabia Solar Water Pumps Market Value Share and Forecast, By Application, 2023-2033
8.2. Drinking Water
8.3. Industrial
8.4. Irrigation
8.5. Others
9. Saudi Arabia Solar Water Pumps Market, By Capacity (USD Million)
9.1. Saudi Arabia Solar Water Pumps Market Value Share and Forecast, By Capacity, 2023-2033
9.2. Below 5 HP
9.3. 5-8 HP
9.4. Above 8 HP
10. Saudi Arabia Solar Water Pumps Market, By Operation (USD Million)
10.1. Saudi Arabia Solar Water Pumps Market Value Share and Forecast, By Operation, 2023-2033
10.2. AC Pump
10.3. DC Pump
11. Saudi Arabia Solar Water Pumps Market Forecast, 2019-2033 (USD Million)
11.1. Saudi Arabia Solar Water Pumps Market Size and Market Share
12. Saudi Arabia Solar Water Pumps Market, By Type, 2019-2033 (USD Million)
12.1. Saudi Arabia Solar Water Pumps Market Size and Market Share By Type (2019-2026)
12.2. Saudi Arabia Solar Water Pumps Market Size and Market Share By Type (2027-2033)
13. Saudi Arabia Solar Water Pumps Market, By Application, 2019-2033 (USD Million)
13.1. Saudi Arabia Solar Water Pumps Market Size and Market Share By Application (2019-2026)
13.2. Saudi Arabia Solar Water Pumps Market Size and Market Share By Application (2027-2033)
14. Saudi Arabia Solar Water Pumps Market, By Capacity, 2019-2033 (USD Million)
14.1. Saudi Arabia Solar Water Pumps Market Size and Market Share By Capacity (2019-2026)
14.2. Saudi Arabia Solar Water Pumps Market Size and Market Share By Capacity (2027-2033)
15. Saudi Arabia Solar Water Pumps Market, By Operation, 2019-2033 (USD Million)
15.1. Saudi Arabia Solar Water Pumps Market Size and Market Share By Operation (2019-2026)
15.2. Saudi Arabia Solar Water Pumps Market Size and Market Share By Operation (2027-2033)
16. Saudi Arabia Solar Water Pumps Market, By Region, 2019-2033 (USD Million)
16.1. Saudi Arabia Solar Water Pumps Market Size and Market Share By Region (2019-2026)
16.2. Saudi Arabia Solar Water Pumps Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Northern & Central Region
16.5. Southern Region
16.6. Western Region
17. Company Profile
17.1. EBARA Pumps Saudi Arabia
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Flowserve Corporation
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Grundfos Saudi Arabia Company Ltd
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. ITT Saudi Co
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. KSB Pumps Arabia Ltd.
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Lamah Co. Ltd
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Sulzer Ltd
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. United Park Co
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. WILO Pumps SAUDI ARABIA CO. LTD.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Xylem Saudi Arabia
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope