Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Saudi Arabia Solar PV Module Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Saudi Arabia solar PV module market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 35% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

A solar PV module is an assembly of photovoltaic (PV) cells that are arranged in a framework for installation. This module stimulates the power output and converts sunlight into direct current (DC). Solar PV modules are wired together in series and/or parallel to deliver voltage and current depending upon the requirement of a particular system. Some of the common variants of PV modules include monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, copper indium gallium diselenide, etc.

In Saudi Arabia, the rising environmental concerns towards greenhouse gas (GHG) emissions are primarily driving the adoption of renewable energy sources, such as solar power. As a result, there is an increasing installation of solar PV modules across the residential, commercial, and industrial sectors. Additionally, the wide presence of high-capacity solar power plants in Saudi Arabia is also propelling the market growth. Furthermore, the Saudi Arabia government is heavily investing in the development of cleaner and sustainable energy infrastructure under numerous initiatives, such as Saudi Arabia Vision 2030. In line with this, the government organizations are focusing on reducing the dependency on conventional energy sources, such as oil and gas, thereby augmenting the demand for safer and cleaner alternatives. Additionally, the increasing penetration of international key players in the market has led to the introduction of highly efficient and lightweight product variants. Moreover, the extensive R&D activities for the launch of hybrid solar PV modules integrated with remote sensors, temperature controllers, adjustable arrays, etc., will continue to drive the market growth in Saudi Arabia during the forecast period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia solar PV module market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on technology, product type, connectivity, mounting and end use.

Breakup by Technology:

  • Thin Film
  • Crystalline Silicon
  • Others
     

Breakup by Product Type:

  • Monocrystalline
  • Polycrystalline
  • Cadmium Telluride
  • Amorphous Silicon
  • Others
     

Breakup by Connectivity:

  • On-Grid
  • Off-Grid
     

Breakup by Mounting:

  • Ground Mounted
  • Roof Top
     

Breakup by End Use:

  • Residential
  • Commercial
  • Industrial
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Desert Technologies, Egphil Solar Solutions, Haala Energy, Hanwha Group, Meeco AG, National Solar Systems, Saudi American Solar, Sharp Middle East (Sharp Corporation), Sun Capture and Vista Eco.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Technology, Product Type, Connectivity, Mounting, End Use
Companies Covered Desert Technologies, Egphil Solar Solutions, Haala Energy, Hanwha Group, Meeco AG, National Solar Systems, Saudi American Solar, Sharp Middle East (Sharp Corporation), Sun Capture and Vista Eco.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the Saudi Arabia solar PV module market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Saudi Arabia solar PV module market?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the product Type?
  • What is the breakup of the market based on the connectivity?
  • What is the breakup of the market based on the mounting?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Saudi Arabia solar PV module market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Saudi Arabia Solar PV Module Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Thin Film
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Crystalline Silicon 
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others 
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Monocrystalline 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Polycrystalline
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Cadmium Telluride
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Amorphous Silicon
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Connectivity
    8.1    On-Grid
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Off-Grid
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Mounting
    9.1    Ground Mounted 
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Roof-Top 
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End Use
    10.1    Residential
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Commercial
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Industrial
        10.3.1 Market Trends
        10.3.2 Market Forecast 
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Desert Technologies
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Egphil Solar Solutions
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Haala Energy
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    Hanwha Group
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Meeco AG
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    National Solar Systems
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Saudi American Solar
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Sharp Middle East (Sharp Corporation)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Sun Capture
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Vista Eco
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Saudi Arabia: Solar PV Module Market: Major Drivers and Challenges
Figure 2: Saudi Arabia: Solar PV Module Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Saudi Arabia: Solar PV Module Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Saudi Arabia: Solar PV Module Market: Breakup by Technology (in %), 2020
Figure 5: Saudi Arabia: Solar PV Module Market: Breakup by Product Type (in %), 2020
Figure 6: Saudi Arabia: Solar PV Module Market: Breakup by Connectivity (in %), 2020
Figure 7: Saudi Arabia: Solar PV Module Market: Breakup by Mounting (in %), 2020
Figure 8: Saudi Arabia: Solar PV Module Market: Breakup by End Use (in %), 2020
Figure 9: Saudi Arabia: Solar PV Module (Thin Film) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Saudi Arabia: Solar PV Module (Thin Film) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Saudi Arabia: Solar PV Module (Crystalline Silicon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Saudi Arabia: Solar PV Module (Crystalline Silicon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Saudi Arabia: Solar PV Module (Other Technologies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Saudi Arabia: Solar PV Module (Other Technologies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Saudi Arabia: Solar PV Module (Monocrystalline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Saudi Arabia: Solar PV Module (Monocrystalline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Saudi Arabia: Solar PV Module (Polycrystalline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Saudi Arabia: Solar PV Module (Polycrystalline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Saudi Arabia: Solar PV Module (Cadmium Telluride) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Saudi Arabia: Solar PV Module (Cadmium Telluride) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Saudi Arabia: Solar PV Module (Amorphous Silicon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Saudi Arabia: Solar PV Module (Amorphous Silicon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Saudi Arabia: Solar PV Module (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Saudi Arabia: Solar PV Module (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Saudi Arabia: Solar PV Module (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Saudi Arabia: Solar PV Module (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Saudi Arabia: Solar PV Module (Off-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Saudi Arabia: Solar PV Module (Off-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Saudi Arabia: Solar PV Module (Ground Mounted) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Saudi Arabia: Solar PV Module (Ground Mounted) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Saudi Arabia: Solar PV Module (Roof-Top) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Saudi Arabia: Solar PV Module (Roof-Top) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Saudi Arabia: Solar PV Module (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Saudi Arabia: Solar PV Module (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Saudi Arabia: Solar PV Module (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Saudi Arabia: Solar PV Module (Commercial Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Saudi Arabia: Solar PV Module (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Saudi Arabia: Solar PV Module (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Saudi Arabia: Solar PV Module Industry: SWOT Analysis
Figure 40: Saudi Arabia: Solar PV Module Industry: Value Chain Analysis
Figure 41: Saudi Arabia: Solar PV Module Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Saudi Arabia: Solar PV Module Market: Key Industry Highlights, 2020 and 2026
Table 2: Saudi Arabia: Solar PV Module Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Saudi Arabia: Solar PV Module Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Saudi Arabia: Solar PV Module Market Forecast: Breakup by Connectivity (in Million US$), 2021-2026
Table 5: Saudi Arabia: Solar PV Module Market Forecast: Breakup by Mounting (in Million US$), 2021-2026
Table 6: Saudi Arabia: Solar PV Module Market Forecast: Breakup End Use (in Million US$), 2021-2026
Table 7: Saudi Arabia: Solar PV Module Market: Competitive Structure
Table 8: Saudi Arabia: Solar PV Module Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links