KSA Solar Pumps Market: By Pump Type (Submersible & Surface), By Application(Irrigation & Drinking Water), By Capacity (Below 15KW & Below Upto 250KW and By Geography (Central, Northern, Eastern, Western & Southern)

KSA Solar Pumps Market size valued USD 1,216.2 thousand in 2019 and is expected to grow at 9.6% CAGR over the forecast period Companies focus to Install Solar Water Pumps in the KSA. For instance, November 2020 Solartech installed a 22 kW AC solar pumping system in Saudi Arabia to irrigate a farm in the suburbof Riyadh In March 2018 Grundfos has signed a Memorandum of Understanding with the Saudi Council of Engineers (SCE). In addition, Strong support from the government to encourage renewable energy sources, like solar energy, and integration in various sectors, like agriculture for irrigation, Rapid development of agriculture in the KSA and Growing awareness among farmers/corporate farms to use PV based water pumping solutions are anticipated to promote the KSA Solar Pumps market over the forecast period. However, High Capital cost associated with solar Panel/solar Water Pumps and  Water Scarcity in the KSA for Agriculture are expected to limit the growth of Solar Pumps in the KSA market. The report studies Kingdom of Saudi Arabia (KSA) Solar Pumps market dynamics to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes, competition analysis to assess the market competition and stakeholder mapping (includes corporate farms, poultry/livestock farms, solar installers/integrates, agriculture equipment, traders, well drillers, and group of farmers. Moreover, PBI analyzed Kingdom of Saudi Arabia (KSA) Solar Pumps market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and product level analysis (submersible & surface).