1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East & Africa Solar Photovoltaic (PV) Market?
The projected CAGR is approximately 27.4%.
Middle East & Africa Solar Photovoltaic (PV) MarketMiddle East & Africa Solar Photovoltaic (PV) Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033
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 2025-2033
Base Year: 2024
180 Pages
Middle East & Africa Solar Photovoltaic (PV) Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033
Middle East & Africa Solar Photovoltaic (PV) Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033
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 and associated technology
- Government policies and incentives, including subsidies, tax exemptions, and feed-in tariffs
- Increasing awareness of environmental sustainability and the need for renewable energy sources
- Rising demand for electricity due to population growth and urbanization
- Security concerns over energy imports and a desire for energy independence
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 expansion and industrialization, leading to increased energy consumption
- Growing urbanization and population density, driving demand for reliable and affordable electricity
- Ambitious government goals for renewable energy deployment and carbon emissions reduction
- Technological advancements and economies of scale, making solar PV increasingly cost-competitive
- Availability of vast and underutilized land areas with high solar radiation potential
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 | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 27.4% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 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, 2019-2031
- 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, 2019-2031
- 7. Africa Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2019-2031
- 8. Competitive Analysis
- 8.1. Market Share Analysis 2024
- 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 2024 & 2032
- Figure 2: Middle East & Africa Solar Photovoltaic (PV) Market Share (%) by Company 2024
List of Tables
- Table 1: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2019 & 2032
- Table 4: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2019 & 2032
- Table 5: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2019 & 2032
- Table 6: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2019 & 2032
- Table 7: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2019 & 2032
- Table 8: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2019 & 2032
- Table 9: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 10: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2019 & 2032
- Table 11: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 12: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Region 2019 & 2032
- Table 13: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 14: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Country 2019 & 2032
- Table 15: Middle East Middle East & Africa Solar Photovoltaic (PV) Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Middle East Middle East & Africa Solar Photovoltaic (PV) Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 17: Africa Middle East & Africa Solar Photovoltaic (PV) Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Africa Middle East & Africa Solar Photovoltaic (PV) Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 19: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Technology 2019 & 2032
- Table 20: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Technology 2019 & 2032
- Table 21: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Grid Type 2019 & 2032
- Table 22: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Grid Type 2019 & 2032
- Table 23: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Installation 2019 & 2032
- Table 24: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Installation 2019 & 2032
- Table 25: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 26: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Application 2019 & 2032
- Table 27: Middle East & Africa Solar Photovoltaic (PV) Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 28: Middle East & Africa Solar Photovoltaic (PV) Market Volume K Units Forecast, by Country 2019 & 2032
Methodology
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 segments, 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
- Annual Reports
- 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 mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the Middle East & Africa Solar Photovoltaic (PV) Market?
Key companies in the market include 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 Battery Systems (South Africa), Genergy (South Africa), Asunim Solar (Turkey), Sinetech (PTY) Ltd. (South Africa), Seraphim Solar (China), Jetion Solar (China).
3. What are the main segments of the Middle East & Africa Solar Photovoltaic (PV) Market?
The market segments include Technology, Grid Type, Installation, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 5.00 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Growing Focus on Safety and Organization to Fuel Market Growth.
6. What are the notable trends driving market growth?
Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.
7. Are there any restraints impacting market growth?
Installation Area Constraint and High Operation & Maintenance Cost May Hinder the Industry Pace.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in K Units .
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Middle East & Africa Solar Photovoltaic (PV) Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Middle East & Africa Solar Photovoltaic (PV) Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Middle East & Africa Solar Photovoltaic (PV) Market?
To stay informed about further developments, trends, and reports in the Middle East & Africa Solar Photovoltaic (PV) Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.