Middle East & Africa Solar Photovoltaic (PV) MarketMiddle East & Africa Solar Photovoltaic (PV) Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
Middle East & Africa Solar Photovoltaic (PV) Market by Technology (Monocrystalline Silicon, Multicrystalline Silicon, Thin Film, Others), by Grid Type (On-Grid, Off-Grid), by Installation (Ground Mounted, Rooftop, Others), by Application (Residential, Non-Residential, Utility), by Forecast 2024-2032
Base Year: 2023
180 Pages
Middle East & Africa Solar Photovoltaic (PV) Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
Key Insights
The Middle East & Africa Solar Photovoltaic (PV) Market size was valued at USD 5.00 USD Billion in 2023 and is projected to reach USD 27.24 USD Billion by 2032, exhibiting a CAGR of 27.4 % during the forecast period. The solar PV market in the Middle East & Africa (MEA) area is involved with all the activities that can convert solar energy into electrical power via photovoltaic panels. The latter involves the development of electricity by sunshine utilization with the help of solar panels, which are usually composed of solar cells, made of silicon. Such a market is aimed at fulfilling the needs of various types of facilities like solar power plants, house solar installations, sunny commercial projects, and so on. The three main drivers of the market are government programs and policies promoting renewable energy exploitation, falling prices for solar panels, and increasing clean energy investment. The market of Solar PV technology in the Middle East and Africa is on the plank up not only due to countries' diversification attempts in energy mix and reduction of carbon emission but also due to rapid growth.
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Middle East & Africa Solar Photovoltaic (PV) Trends
- Rising demand for renewable energy sources
- Growth in off-grid and rooftop installations
- Technological advancements and cost reductions
Driving Forces: What's Propelling the Middle East & Africa Solar Photovoltaic (PV) Market
- Declining cost of solar panels
- Government subsidies and incentives
- Increasing awareness of environmental sustainability
Challenges and Restraints in Middle East & Africa Solar Photovoltaic (PV) Market
- High upfront investment costs
- Intermittency of solar power
- Lack of skilled workforce
Emerging Trends in Middle East & Africa Solar Photovoltaic (PV)
- Integration of solar PV with energy storage systems
- Smart grid technologies
- Development of floating solar installations
Growth Catalysts in Middle East & Africa Solar Photovoltaic (PV) Industry
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- Rapid economic growth
- Increasing population
- Focus on sustainable development
Market Segmentation: Middle East & Africa Solar Photovoltaic (PV) Analysis
Technology:
- Monocrystalline Silicon
- Multicrystalline Silicon
- Thin Film
- Others
Grid Type:
- On-Grid
- Off-Grid
Installation:
- Ground Mounted
- Rooftop
- Others
Application:
- Residential
- Non-Residential
- Utility
Leading Players in the Middle East & Africa Solar Photovoltaic (PV) Market
- A.R.E Group (Egypt)
- Aton Enerji (Turkey)
- Aures Solaire (Algeria)
- Aurasol (Tunisia)
- Copex Solar (UAE)
- Cleanergy (Morocco)
- DuSol Industries (UAE)
- Emirates Insolaire (UAE)
- Specialized (South Africa)
- Genergy (South Africa)
Significant developments in Middle East & Africa Solar Photovoltaic (PV) Sector
- Launch of the "Solar Corridor Initiative" by the African Union
- Establishment of the "Middle East Solar Council"
- Investment in R&D by leading manufacturers
Comprehensive Coverage Middle East & Africa Solar Photovoltaic (PV) Market Report
- Market size and forecast
- Segmentation analysis
- Competitive landscape
- Growth drivers and challenges
- Regional insights
- Technology analysis
- Pestle analysis
- Portor's Five Force analysis
- BCG Matrix
- Import & Export analysis
- Production & Consumption analysis
- Regulatory landscape
Middle East & Africa Solar Photovoltaic (PV) Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 27.4% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Installation Area Constraint and High Operation & Maintenance Cost May Hinder the Industry Pace
- 3.4. Market Trends
- 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Technology
- 5.1.1. Monocrystalline Silicon
- 5.1.2. Multicrystalline Silicon
- 5.1.3. Thin Film
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Grid Type
- 5.2.1. On-Grid
- 5.2.2. Off-Grid
- 5.3. Market Analysis, Insights and Forecast - by Installation
- 5.3.1. Ground Mounted
- 5.3.2. Rooftop
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast - by Application
- 5.4.1. Residential
- 5.4.2. Non-Residential
- 5.4.3. Utility
- 5.5. Market Analysis, Insights and Forecast - by Region
- 5.5.1.
- 5.1. Market Analysis, Insights and Forecast - by Technology
- 6. Middle East Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Technology
- 6.1.1 Monocrystalline Silicon
- 6.1.2 Multicrystalline Silicon
- 6.1.3 Thin Film
- 6.1.4 and Others
- 6.2. Market Analysis, Insights and Forecast - By Grid Type
- 6.2.1. On-Grid and Off-Grid
- 6.3. Market Analysis, Insights and Forecast - By Installation
- 6.3.1 Ground Mounted
- 6.3.2 Rooftop
- 6.3.3 and Others
- 6.4. Market Analysis, Insights and Forecast - By Application
- 6.4.1 Residential
- 6.4.2 Non-Residential
- 6.4.3 and Utility
- 7. Africa Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Technology
- 7.1.1 Monocrystalline Silicon
- 7.1.2 Multicrystalline Silicon
- 7.1.3 Thin Film
- 7.1.4 and Others
- 7.2. Market Analysis, Insights and Forecast - By Grid Type
- 7.2.1. On-Grid and Off-Grid
- 7.3. Market Analysis, Insights and Forecast - By Installation
- 7.3.1 Ground Mounted
- 7.3.2 Rooftop
- 7.3.3 and Others
- 7.4. Market Analysis, Insights and Forecast - By Application
- 7.4.1 Residential
- 7.4.2 Non-Residential
- 7.4.3 and Utility
- 8. Competitive Analysis
- 8.1. Market Share Analysis 2023
- 8.2. Company Profiles
- 8.2.1 A.R.E Group (Egypt)
- 8.2.1.1. Overview
- 8.2.1.2. Products
- 8.2.1.3. SWOT Analysis
- 8.2.1.4. Recent Developments
- 8.2.1.5. Financials (Based on Availability)
- 8.2.2 Aton Enerji (Turkey)
- 8.2.2.1. Overview
- 8.2.2.2. Products
- 8.2.2.3. SWOT Analysis
- 8.2.2.4. Recent Developments
- 8.2.2.5. Financials (Based on Availability)
- 8.2.3 Aures Solaire (Algeria)
- 8.2.3.1. Overview
- 8.2.3.2. Products
- 8.2.3.3. SWOT Analysis
- 8.2.3.4. Recent Developments
- 8.2.3.5. Financials (Based on Availability)
- 8.2.4 Aurasol (Tunisia)
- 8.2.4.1. Overview
- 8.2.4.2. Products
- 8.2.4.3. SWOT Analysis
- 8.2.4.4. Recent Developments
- 8.2.4.5. Financials (Based on Availability)
- 8.2.5 Copex Solar (UAE)
- 8.2.5.1. Overview
- 8.2.5.2. Products
- 8.2.5.3. SWOT Analysis
- 8.2.5.4. Recent Developments
- 8.2.5.5. Financials (Based on Availability)
- 8.2.6 Cleanergy (Morocco)
- 8.2.6.1. Overview
- 8.2.6.2. Products
- 8.2.6.3. SWOT Analysis
- 8.2.6.4. Recent Developments
- 8.2.6.5. Financials (Based on Availability)
- 8.2.7 DuSol Industries (UAE)
- 8.2.7.1. Overview
- 8.2.7.2. Products
- 8.2.7.3. SWOT Analysis
- 8.2.7.4. Recent Developments
- 8.2.7.5. Financials (Based on Availability)
- 8.2.8 Emirates Insolaire (UAE)
- 8.2.8.1. Overview
- 8.2.8.2. Products
- 8.2.8.3. SWOT Analysis
- 8.2.8.4. Recent Developments
- 8.2.8.5. Financials (Based on Availability)
- 8.2.9 Specialized Battery Systems (South Africa)
- 8.2.9.1. Overview
- 8.2.9.2. Products
- 8.2.9.3. SWOT Analysis
- 8.2.9.4. Recent Developments
- 8.2.9.5. Financials (Based on Availability)
- 8.2.10 Genergy (South Africa)
- 8.2.10.1. Overview
- 8.2.10.2. Products
- 8.2.10.3. SWOT Analysis
- 8.2.10.4. Recent Developments
- 8.2.10.5. Financials (Based on Availability)
- 8.2.11 Asunim Solar (Turkey)
- 8.2.11.1. Overview
- 8.2.11.2. Products
- 8.2.11.3. SWOT Analysis
- 8.2.11.4. Recent Developments
- 8.2.11.5. Financials (Based on Availability)
- 8.2.12 Sinetech (PTY) Ltd. (South Africa)
- 8.2.12.1. Overview
- 8.2.12.2. Products
- 8.2.12.3. SWOT Analysis
- 8.2.12.4. Recent Developments
- 8.2.12.5. Financials (Based on Availability)
- 8.2.13 Seraphim Solar (China)
- 8.2.13.1. Overview
- 8.2.13.2. Products
- 8.2.13.3. SWOT Analysis
- 8.2.13.4. Recent Developments
- 8.2.13.5. Financials (Based on Availability)
- 8.2.14 Jetion Solar (China)
- 8.2.14.1. Overview
- 8.2.14.2. Products
- 8.2.14.3. SWOT Analysis
- 8.2.14.4. Recent Developments
- 8.2.14.5. Financials (Based on Availability)
- 8.2.1 A.R.E Group (Egypt)
List of Figures
- Figure 1: Middle East & Africa Solar Photovoltaic (PV) Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: Middle East & Africa Solar Photovoltaic (PV) Market Value Share (%), by Technology 2023 & 2031
- Figure 3: Middle East & Africa Solar Photovoltaic (PV) Market Value Share (%), by Grid Type 2023 & 2031
- Figure 4: Middle East & Africa Solar Photovoltaic (PV) Market Value Share (%), by Installation 2023 & 2031
- Figure 5: Middle East & Africa Solar Photovoltaic (PV) Market Value Share (%), by Application 2023 & 2031
- Figure 6: Middle East & Africa Solar Photovoltaic (PV) Market Share (%) by Company 2023
List of Tables
- Table 1: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 2: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2018 & 2031
- Table 3: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2018 & 2031
- Table 4: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2018 & 2031
- Table 5: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2018 & 2031
- Table 6: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2018 & 2031
- Table 7: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 8: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2018 & 2031
- Table 9: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 10: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Region 2018 & 2031
- Table 11: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 12: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2018 & 2031
- Table 13: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2018 & 2031
- Table 14: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2018 & 2031
- Table 15: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2018 & 2031
- Table 16: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2018 & 2031
- Table 17: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 18: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2018 & 2031
- Table 19: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 20: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Region 2018 & 2031
- Table 21: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 22: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2018 & 2031
- Table 23: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2018 & 2031
- Table 24: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2018 & 2031
- Table 25: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2018 & 2031
- Table 26: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2018 & 2031
- Table 27: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 28: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2018 & 2031
- Table 29: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 30: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Country 2018 & 2031
- Table 31: Middle East Middle East & Africa Solar Photovoltaic (PV) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 32: Middle East Middle East & Africa Solar Photovoltaic (PV) Market Volume (K Units ) Forecast, by Application 2018 & 2031
- Table 33: Africa Middle East & Africa Solar Photovoltaic (PV) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 34: Africa Middle East & Africa Solar Photovoltaic (PV) Market Volume (K Units ) Forecast, by Application 2018 & 2031
- Table 35: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 36: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2018 & 2031
- Table 37: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2018 & 2031
- Table 38: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2018 & 2031
- Table 39: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2018 & 2031
- Table 40: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2018 & 2031
- Table 41: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 42: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2018 & 2031
- Table 43: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 44: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 27.4% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
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- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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