Saudi Arabia Rooftop Solar Market

Saudi Arabia Rooftop Solar Market Overview:

The Saudi Arabia rooftop solar market size reached USD 666.54 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,161.00 Million by ​2033​, exhibiting a growth rate (CAGR) of 6.36% during ​2025-2033​. The government of Saudi Arabia is encouraging the use of renewable energy sources, such as solar panels, by implementing supportive policies and incentives. Besides this, the decreasing cost of solar panels is contributing to the market growth. This trend, along with the rising environmental consciousness among the masses is expanding the Saudi Arabia rooftop solar market.

Saudi Arabia Rooftop Solar Market Trends:

Falling Solar Panel Costs

The decreasing cost of solar panels is contributing to the market growth. Technological improvements in solar energy production are resulting in more efficient manufacturing and lower production costs, and hence solar panels are becoming more affordable for customers. The growing availability of lower-cost raw materials and better supply chain efficiency are facilitating this price decline, making rooftop solar installations more economically competitive with traditional sources of energy. With declining prices for solar panels, the residential and commercial markets are increasingly looking to solar energy as a cost-competitive and reliable substitute for traditional electricity. This reduction in price is also creating a better investment climate, as people and companies are seeing quicker payback periods on their solar installations, again fueling the growth of the market.

Growing Environmental Awareness

The growing environmental awareness among Saudi citizens is increasingly driving the market for rooftop solar solutions. As growing concern regarding climate change and the green footprint of fossil rises, people and organizations alike are turning towards cleaner energy options such as solar power. Public awareness programs and community outreach programs are emphasizing the green advantages of solar energy, including lower carbon emissions and energy autonomy. Also, the younger generation that is more aware about the environment is leading the charge for green technologies and environment friendly living practices. The increased focus on sustainability, combined with the kingdom's initiatives to decrease its carbon footprint, is making the transition towards renewable energy sources such as solar power. This shift is improving the long-term sustainability of rooftop solar as an integral part of the country's energy future. In 2025, the Tarshid National Energy Services Company and the Qassim University launched a huge project of solar panel installation whose main aim is to enhance energy efficiency in the university's every building and facility. The project, which has a capacity of 5,137 kW power generation, is expected to save energy by 8.6 million kWh per annum.

Government Incentives and Policies

The government of Saudi Arabia is encouraging the use of renewable energy sources, such as rooftop solar, by implementing supportive policies and incentives, thereby impelling the Saudi Arabia rooftop solar market growth. The government is motivating the integration of solar technologies by providing financial incentives like subsidies, tax exemptions, and low-interest loans for commercial and residential solar installations. These actions are making solar energy available to a wider population, increasing the growth of the market. Moreover, the launch of the Vision 2030 program, that seeks to diversify the country's energy matrix and lower reliance on oil, is promoting the use of renewable energy sources like solar systems on rooftops. The government, in its bid to meet sustainability objectives, is also in the process of streamlining regulatory procedures, issuing transparent guidelines, and generating public awareness about solar energy advantages. These steps are fostering a steep rise in solar installations on rooftops throughout the kingdom. In 2024, the Saudi government planned to set the target to elevate the proportion of renewable energy in its energy mix to 50% by 2030 and reach net-zero greenhouse gas emissions by 2060, leading to the execution of a chain of policies and projects focused on sustainable development.

Saudi Arabia Rooftop Solar Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for ​2025-2033​. Our report has categorized the market based on grid type and end user.

Grid Type Insights:

• On-Grid
• Off-Grid

The report has provided a detailed breakup and analysis of the market based on the grid type. This includes on-grid and off-grid.

End User Insights:

• Industrial 
• Commercial 
• Residential 

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes industrial, commercial, and residential.

Regional Insights:

• Northern and Central Region 
• Western Region 
• Eastern Region 
• Southern Region 

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Rooftop Solar Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia rooftop solar market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia rooftop solar market on the basis of grid type?
• What is the breakup of the Saudi Arabia rooftop solar market on the basis of end user?
• What is the breakup of the Saudi Arabia rooftop solar market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia rooftop solar market? 
• What are the key driving factors and challenges in the Saudi Arabia rooftop solar market?
• What is the structure of the Saudi Arabia rooftop solar market and who are the key players?
• What is the degree of competition in the Saudi Arabia rooftop solar market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia rooftop solar market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia rooftop solar market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia rooftop solar industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.