The Saudi Arabia drinking water industry value is expected to rise from USD 5,717.70 million in 2024 to USD 12,229.10 million by 2034. This industry is analyzed to expand at a CAGR of 7.9% over the next decade.
Saudi Arabia comes under the top five water users worldwide, consuming 360 L/day on average. The country is thus an attractive industry for players benefitting from the drinking water industry, which include consultants, contractors for water and wastewater systems, sewage water plants, and tank manufacturers, to name a few.
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Key Takeaways from the Saudi Arabia Drinking Water Industry Report
- The Saudi Arabia drinking water industry generated a revenue of US$ 4,571.30 million in 2019. In 2023, the industry attained an industry value of US$ 5,492.40 million. In this time frame, the industry recorded a 4.7% CAGR.
- By product type, the functional water is expected to obtain a 40.40% industry share in 2024.
- Indirect sales of drinking water are predicted to continue rising. By 2024, the indirect sales channel is anticipated to possess a prominent 70.10% share.
“Extensive growth in the Eastern Province is creating a heightened demand for a continuous supply of water. Companies are thus dedicating to maximizing the presently available resources to be able to supply water sustainably,” says an analyst at Future Market Insights.
The growing demand to maximize operational efficiency and fulfill the rising water demands in Saudi Arabia is creating opportunities for key players. Industry players are thus aiming to achieve sustainable water supply by committing to optimum use of available resources.
The distribution systems in Saudi Arabia are weakly holding up due to aging and inefficient use. The country is thus providing opportunities to manufacturers of water efficiency and monitoring solutions, including audio devices, radar beams, and helium gas.
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Key Players that Rule the Saudi Arabia Drinking Water Industry
- Water & Electricity Regulatory Authority (WERA):
WERA governs the electricity and water desalination sector in Saudi Arabia as well as district cooling.
- Saline Water Conversion Corporation (SWCC):
SWCC is one of the many Public Investment Fund companies. The company is responsible for 69% of desalination in Saudi Arabia and 1/5th of global desalination.
- National Water Company (NWC):
NWC is a joint stock company in Saudi Arabia, which is fully owned by Public Investment Fund. The company’s inception took place to offer water and wastewater treatment services according to the latest international standards.
Latest News
- In September 2023, the Prime Minister of Saudi Arabia and the Crown Prince declared the setting up of Global Water Organization, which is headquartered in Riyadh. The core activities of this organization will be to integrate and elevate the efforts organizations and governments to secure global water sustainably.
- In April 2023, Jazlah Water Desalination Co. of ACWA Power obtained the commercial operation certificate from Saudi Water Partnership Co. to produce 600,000 cubic meters of desalinated water in the kingdom every day.
- Saudi Arabia launched a zealous cloud seeding program in April 2022. The program is run by the Saudi National Meteorological Center (NMC). This program aims to elevate water security and offer a substitute for the costly, energy-intensive desalinization plants that are presently supplying the bulk of the water in the Kingdom.
- The Ministry of Environment, Water and Agriculture (MEWA) recently made news public that it has funded US$ 80 billion for water projects over the upcoming years. This is aligned with the United Nations Sustainable Development Goals (SDGs) that are developed keeping in mind equal access to safe and clean water globally.
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Other Players:
- Nestlé S. A.
- Hayat Water
- Al Hada Water Co. Ltd.
- Naqi Water
- Arwa
- Dome
- Tania
- Berain
- Al-Qassim Healthy Water
- Hana Water
- Al Ain Water
- Dala Company
- Fayha Water
- Safawater. qa
- Aquafina (PepsiCo, Inc.)
- Najed
- Nova
- Manahel
- Safa
- Mazen
- Al-Manhel
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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