The burgeoning demand for portable water due to booming population, escalating inclination towards solar energy in the solar pump as it is more economical and has less environmental impact and increasing demand for solar pump in irrigation sector are some of the major factors driving the growth of Saudi Arabia Solar Pump market forecast period. on account rising. Moreover, extensive investment by government in renewable energy such as solar energy, escalating demand for solar pump among major vertical such as irrigation sector coupled rising investment towards the development solar energy plant and growing carbon footing are strongly contributing toward the growth of the market in the forthcoming timeline.
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Based
on Application, Irrigation captured the majority market share in the
Solar pump market in 2019. The growth of the segment is attributed to
surging demand for solar pump for agricultural activities, deficit
supply of good quality water to remote areas intertwined with growing
population due to rapid urbanization and mounting dependency on
renewable energy-based products to reduce the carbon footing.
Based
on Type, Submersible segment is growing at an astronomical rate in the
Saudi Arabia Solar pump market in 2019. This is due to on account of
declining ground water level along with rising need for drinking water
coupled with reducing groundwater level and increasing investment
towards the development of desalination plant for urban and industrial.
Moreover, burgeoning demand for portable water due to extremely low
annual rainfall is expected to fuel the demand for submersible pump in
the coming years.
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