Summary

Saudi Arabia Solar Photovoltaics market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising demands for clean energy production owing to increased environmental awareness. Power consumption is exorbitantly rising due to rising population, robust economic growth, and booming manufacturing sector. Hence, authorities are investing in the research and development activities for improving the technological infrastructure of solar photovoltaics, which is anticipated to fuel the growth of Saudi Arabia solar photovoltaics market in the coming years. Besides, the rising number of initiatives for the adoption of renewable energy sources and making solar energy more accessible and affordable are some of the factors supporting the growth of Saudi Arabia photovoltaics market. Market players are increasingly investing in the up-gradation of existing power infrastructure leveraging the latest technologies like the Internet of Things, Artificial Things, etc., which is expected to fuel the market growth of Saudi Arabia solar photovoltaics market in the next five years. The growing presence of high-capacity solar plants in Saudi Arabia and increasing adoption of solar energy across residential and industrial sectors are expected to drive the growth of Saudi Arabia Solar Photovoltaics market. As a part of Saudi Vision 2030, the Kingdom of Saudi Arabia is launching new schemes and providing subsidies to foster the development of solar energy capacities, fueling the growth of the photovoltaics market in Saudi Arabia. Inaccessibility of lands for solar energy generation could restrict the growth of Saudi Arabia solar photovoltaics market in the coming years.


The Saudi Arabia Solar Photovoltaics market is segmented into type, installation mode, grid type, application, regional distribution, and company. Based on the type, the market can be divided into thin film, multi-Si, mono-Si. The mono-Si segment is expected to dominate the Saudi Arabia solar photovoltaics market due to its suitability for large-scale installations on rooftops and its enhanced durability and efficiency.
Desert Technologies, EGPHIL Solar Solutions, Hanwha Q Cells Co. Ltd, National Solar Systems Company, First Solar International Middle East FZ-LLC, SunPower Corporation, Gulf Batteries Co Ltd, SNC Lavalin Kentz SAUDI ARABIA, Sharp Middle East FZE, Vista Eco Solar Solutions LLC, and others are the major players operating in the Saudi Arabia photovoltaics market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
• To analyze and estimate the market size of Saudi Arabia Solar Photovoltaics market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia Solar Photovoltaics market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast Saudi Arabia Solar Photovoltaics market based on type, installation mode, grid type, application, regional distribution, and company.
• To identify dominant region or segment in the Saudi Arabia Solar Photovoltaics market.
• To identify drivers and challenges for Saudi Arabia Solar Photovoltaics market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Solar Photovoltaics market.
• To identify and analyze the profile of leading players operating in Saudi Arabia Solar Photovoltaics market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia Solar Photovoltaics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Solar Photovoltaics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Solar Photovoltaics manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to Solar Photovoltaics market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia Solar Photovoltaics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Saudi Arabia Solar Photovoltaics Market, By Type:
o Thin film
o Multi-Si
o Mono-Si
• Saudi Arabia Solar Photovoltaics Market, By Installation mode:
o Rooftop
o Ground Mounted
• Saudi Arabia Solar Photovoltaics Market, By Grid Type:
o Grid Connected
o Off-Grid
• Saudi Arabia Solar Photovoltaics Market, By Application
o Residential
o Commercial
o Utility
• Saudi Arabia Solar Photovoltaics Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Solar Photovoltaics market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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