Solar Water Desalination Plants Market to Register an exceptional CAGR through 2028 across the Saudi Arabia
Growing demand for fresh and
clean water is a significant factor driving the growth of the Saudi Arabia Solar
Water Desalination Plants Market in the forecast period of 2024-2028.
According to the TechSci Research report, " Saudi Arabia Solar
Water Desalination Plants Market - By Region Competition Forecast and
Opportunities, 2028" the Saudi Arabia Solar
Water Desalination Plants Market is anticipated to expand during the forecast period. Growing demand, significant public
projects, and the government's fledgling privatization initiatives have made
Saudi Arabia's water and wastewater industry an appealing market for U.S.
companies providing engineering services for desalination and wastewater
industries. Although the Saudi government is driving the sector's investment,
local private sector firms are looking for foreign technology partners and
lenders to help them bid on new contracts and build new plants, while the
government seeks outside investment. Increased sewage treatment capacity has
also provided a new solution to the Kingdom's water shortage. Saudi Arabia aims
to become the largest market in the Gulf Cooperation Council for treated sewage
effluent (TSE), a water reuse method that is a viable alternative to using
desalinated water in non-potable applications. Also, the Kingdom’s National
Water Strategy has set a target of increasing TSE reuse to 70% (nearly 4
million m3/day) by 2030. According to the National Water Strategy, the percentage
of the country that is covered by wastewater should increase from 65% in 2020
to 95-100% by 2030, with strategic partners taking over control of the
production of 100 percent of treated water by the same year. In 2018, the Saudi
government reported that its efforts under Vision 2030 had achieved several
goals, including improving the efficiency of desalinated water production,
improving the country's billing, tracking of water usage by installing over a
million linked high-precision electronic meters, and restoring agricultural
terraces in the south of the Kingdom to encourage less water-intensive crops.
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The solar system and water desalination
plant constructed by the Spanish company Acciona SA. In 2024, the plant is
anticipated to begin using reverse osmosis technology to produce 570,000 m3/day
of potable water. A 25-year water purchase contract with the Saudi Water
Partnership Company provide water to the Riyadh and Qassim regions (SWPC).
The market for solar water desalination plant
is expanding because of factors like increasing demand for fresh water, Government
support and environmental concerns these factors are all linked to rapid
population growth, and which increased the demand for solar water desalination plant.
Additionally, the lack of potable or
freshwater resources is driving the demand for water treatment. All of these
are important factors driving growth in the solar water desalination plant.
For instance, Alfanar contracted Saudi
Arabia Saline Water Conversion Corp. (SWCC) to construct a 110 MW PV project.
Most of the system is ground-mounted, with an unspecified portion reserved for
floating solar. The project provides electricity to the Jubail 2 Desalination
Plant, which is owned by SWCC, to desalinate seawater via reverse osmosis.
The Saudi
Arabia Solar Water Desalination Plants Market is segmented based on Membrane Process, Method,
Industry, region, and competitive landscape.
Major
market players operating in the Saudi Arabia Solar Water Desalination Plants
Market are:
- Alfanar Group
- Abdul Latif Jameel Energy
- Rawafid Systems
- Saline Water Conversion Corporation (SWCC)
- RAHA Water Treatment Corporation
- Environmental Equipment Company Ltd.
- SAWACO Water - Desalination
- TORAY MEMBRANE MIDDLE EAST LLC. (TMME)
- Tech Universal Arabia
- WETICO
Some of the recent developments are:
The Dubai Electricity and Water Authority (DEWA) focusing on rising demand for
water and electricity in Dubai to the highest standards of availability,
dependability, efficiency, and quality. This is a component of DEWA's
initiatives to promote Dubai's comprehensive and sustainable development and
strengthen its position as the top location for employment, investment, and
living. DEWA can produce up to 12,900 MW of electricity and 490 MIGD (million
imperial gallons per day) of desalinated water.
Advanced Water Technology (AWT) and Abengoa agreed to build the solar-powered
plant in January 2015. The Saudi Company for Development and Technology
Investment owns AWT, which is the commercial arm of King Abdulaziz City for
Science and Technology (KACST) (Taqnia).
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"Saudi Arabia Solar Water Desalination Plants Market is expected to thrive
as some of the drivers for growing desalination industry are increasing
environmental concerns, rising use of clean energy substitutes, low maintenance
requirements of the systems, ease of installation both, on-shore and offshore,
and government policies and initiatives that support the installation of solar
water desalination plants are some factors anticipated to fuel market revenue
growth over the forecast period. The outlook for the water desalination market
seems very promising as the water scarcity is increasing. Government support
has driven the industry and is expected to continue." said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
"Solar
Water Desalination Plant Market - Saudi Arabia Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Membrane Process
(Ultrafiltration Systems, Vacuum Evaporation and Distillation, Reverse Osmosis
Systems, Paper Bed Filters, Solid Bowl Centrifuges, Tramp Oil Separators,
Vacuum Filters, And Others), By Method (Solar-powered
Humidification-Dehumidification (HDH) Desalination, Solar Diffusion Driven
Desalination, Solar Membrane Distillation, Concentrated Solar Power (CSP)-
based Desalination, and Solar Pond Desalination), By Industry (Industrial,
Agriculture, Domestic, Municipal, and Commercial), By Region” has evaluated the future growth
potential of Saudi Arabia Solar Water Desalination Plants Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Solar Water Desalination Plants
Market.
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