According to the latest report by IMARC Group, titled “Saudi Arabia Solar PV Module Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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A solar PV module, also known as a solar panel, refers to a series of photovoltaic (PV) cells or solar cells arranged in a framework for installation. It stimulates power output by converting the light energy captured from the sun into direct current (DC). The PV module is connected in series and/or parallel to provide the desired output voltage and current capability of the system.
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The rising environmental concerns regarding greenhouse gas emissions and increasing adoption of renewable energy sources represent the primary factors driving the Saudi Arabia solar PV module market. Additionally, various initiatives undertaken by the Government of Saudi Arabia, such as Saudi Vision 2030, are escalating the demand for cleaner and sustainable energy. This has led to the escalating demand for solar PV modules across the country. Furthermore, the widespread presence of various high-capacity solar power plants, the rising demand for electricity and growing investments in research and development (R&D) activities to manufacture hybrid solar PV modules integrated with remote sensors are some of the other factors expected to create a favorable market outlook in the coming years.
Saudi Arabia Solar PV Module Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the saudi arabia solar pv module market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Desert Technologies
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Egphil Solar Solutions
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Haala Energy
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Hanwha Group
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Meeco AG
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National Solar Systems
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Saudi American Solar
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Sharp Middle East (Sharp Corporation)
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Sun Capture
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Vista Eco
Key Market Segmentation:
The report has segmented the saudi arabia solar pv module market on the basis of technology, product type, connectivity, mounting and end use.
Breakup by Technology:
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Thin Film
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Crystalline Silicon
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Others
Breakup by Product Type:
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Monocrystalline
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Polycrystalline
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Cadmium Telluride
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Amorphous Silicon
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Others
Breakup by Connectivity:
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On-Grid
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Off-Grid
Breakup by Mounting:
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Ground Mounted
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Roof-Top
Breakup by End Use:
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Residential
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Commercial
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Industrial
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/saudi-arabia-solar-pv-module-market
Key highlights of the report:
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Market Performance (2015-2020)
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Market Outlook (2021-2026)
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Industry Trends
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Market Drivers and Success Factors
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The Impact of COVID-19 on the Global Market
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Value Chain Analysis
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Structure of the Global Market
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Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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