Saudi Arabia renewable energy market: Growing population driving increased energy consumption
Saudi Arabia Renewable Energy Sector Analysis - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 00:07:01
Saudi Arabia along with all the major economies in Middle East region has started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). The growing economy with growing population has affected a growth in the urbanization in these nations which has resulted in an increase in consumption of oil and gas. The growing population demands more electricity, power plants based majorly on non renewable sources.The Middle East is one region in the world that requires energy even for drinking water which is produced by desalination of sea water. Growing population means more demand of water requiring more energy. The increasing in house consumption of energy sources has the Middle East worried over the increasing share it has to divert domestically, leaving comparatively lesser for export.Electricity production is the most energy intensive industry in Saudi Arabia and is produced mostly from fossil fuels. The climatic conditions of the region make air conditioning a must resulting in more than average power consumption as compared to the rest of the world.About 99% of water in Saudi Arabia comes from desalination, another energy consuming process, working mainly on gas feeds. With depleting oil and gas reserves and export quotas and commitments to fulfil, it is vital for the Saudi Arabia to diversify and look at renewable sources of energy for power and water production.
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