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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
KSA Solar Pumps Market: By Pump Type, By Application, By Capacity, and By Country
KSA Solar Pumps Market size valued US$ 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.
Kingdom of Saudi Arabia (KSA) Solar Pumps market is showing promising growth in coming future owing to strong focus of companies for Solar Pumps in the Saudi agriculture sector. For instance, Growing focus of companies to enter into solar sector and to introduce solar water pumps in the KSA by establishing distribution/trading partnerships. Such scenario is expected to create highly competitive environment in the KSA solar water pumps market in coming future. For instance, CRI Group, Oswal Pumps Ltd, KSB Pumps, Crompton (Solar Pumps), and among others are having solar pumps product portfolio, but they have not entered into KSA market and are focusing to increase solar water pump products access to farmers/farms in the KSA. Even Futurepump and Shenzhen Solartech Renewable Energy Co Ltd are also seriously looking for distribution/trading partnership in the KSA to supply their solar water pumps
The Saudi government is focusing to adopt an energy conservation through energy price changes and fuel replacement strategies and supporting investments in renewable energy sources, like solar, to control the use of fossil fuel and CO2 emissions Such strategies are expected to be implemented in all sectors like industrial, agriculture, and others. Moreover, the government has set a plan to adopt renewable energy technologies (RETs) on a wide scale and it has been listed under vision 2030 program In addition, the Vision 2030 also focuses on localization of the manufacturing of renewable energy, industrial equipment sectors, and other sectors, including agriculture, in Saudi Arabia The Ministry of Agriculture and Water is ambitious towards the adoption of solar energy in agriculture filed particularly in date farms Furthermore, the government has a plan to install around 41 GW of solar capacity These scenarios are creating potential opportunities, in coming future, for agriculture machinery/equipment that run on solar energy, which include solar water pumps
Report Benchmarks |
Details |
By Pump Type |
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By Application |
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By Capacity |
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By Region/Area |
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The Ksa Solar Pumps Market size valued US$ 1,216.2 thousand in 2019
The Ksa Solar Pumps Market Key Players are Falcon Pumps Pvt. Ltd, Jain Irrigation Systems Ltd, Lubi Industries LLP, Grundfos Group, Shenzhen Solartech Renewable
The Ksa Solar Pumps Market is driven by grid electricity, solar-powered pumps are powered by photovoltaic (PV) panels
1.Executive Summary |
2. Ksa Solar Pumps Market Introduction |
2.1. Ksa Solar Pumps Market - Taxonomy |
2.2. Ksa Solar Pumps Market - Definitions |
2.2.1.Pump Type |
2.2.2.Application |
2.2.3.Capacity |
3. Ksa Solar Pumps Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Ksa Solar Pumps Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Ksa Solar Pumps Market By Pump Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Submersible |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Surface |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Ksa Solar Pumps Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Irrigation |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Drinking Water |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Ksa Solar Pumps Market By Capacity, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Below 15KW |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Up to 250KW |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Competition Landscape |
8.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
8.2.1.Siemens Logistics GmbH |
8.2.2.Vanderlande Industries B.V. |
8.2.3.BEUMER GROUP |
8.2.4.Bastian Solutions LLC |
8.2.5.Murata Machinery Ltd. |
8.2.6.Interroll Group |
8.2.7.Daifuku Co. Ltd. |
8.2.8.Equinox |
8.2.9.Pitney Bowes Inc. |
8.2.10.MHS |
8.2.11.SOLYSTIC SAS |
8.2.12.BOWE SYSTEC GMBH |
9. Research Methodology |
10. Appendix and Abbreviations |
Key Market Players