Saudi Arabia Solar Water Pumps Market Growth, Size, Trends, Revenue, Share and Future Outlook: SPER Market Research

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Published: Oct 2023	Report ID: POAE2370	Pages: 1 - 104	Formats^*:
Category : Power & Energy

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.

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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
Regions covered	Eastern Region, Northern & Central Region, Southern Region, Western Region
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

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:

By Type:	Submersible Surface
By Application:	Drinking Water Industrial Irrigation
By Capacity:	Below 5 HP 5-8 HP Above 8 HP
By Operation:	AC Pump DC Pump

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

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is Saudi Arabia Solar Water Pumps Market?

Saudi Arabia Solar Water Pumps Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.

What is the growth rate of Saudi Arabia Solar Water Pumps Market?

Saudi Arabia Solar Water Pumps Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.

What is the anticipated CAGR of Saudi Arabia Solar Water Pumps Market during the forecast period?

Saudi Arabia Solar Water Pumps Market CAGR of XX% during the forecast period.

How can I get a sample report on Saudi Arabia Solar Water Pumps Market?

"You can get the sample pages by clicking the link -Click Here"

What is the market size of Saudi Arabia Solar Water Pumps Market?

Saudi Arabia Solar Water Pumps Market size is USD XX billion from 2023 to 2033.

Which segment is expected to lead Saudi Arabia Solar Water Pumps Market?

Saudi Arabia Solar Water Pumps Market Segment is Covered By Type, By Application, By Capacity, By Operation

Which region is expected to have the highest market share in Saudi Arabia Solar Water Pumps Market?

The Middle East region is anticipated to have the highest market share in Saudi Arabia Solar Water Pumps Market.

Who are the key players in Saudi Arabia Solar Water Pumps Market?

The key players in the market include 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

What is the conclusion of Saudi Arabia Solar Water Pumps Market?

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.