Saudi Arabia Solar PV Market Research Report Size, analysis & Forecast

Solar PV is also used as a solar tracking system which is used to enhance the overall performance of the system. Multi – si and Mono – so are the major parts of the solar PV market.

Saudi Arabia Solar PV Market


Solar PV is also used as a solar tracking system which is used to enhance the overall performance of the system. Multi – si and Mono – so are the major parts of the solar PV market. Due to the thin film solar cells which are made from non-silicon material roof top shingles and tiles can be doubled. With the help of solar PV, we a huge amount of electricity can be produce without moving any parts.Major factors that are powering the market growth of solar PV installation are reduction of the carbon footprint and low-cost energy generation. Moreover, the cutting-edge design of e solar PV and increasing awareness is putting a positive impact on the growth of market. Although the growth of market can get hampered by the high cost and high maintenance. 

The Saudi Arabia solar PV market has become modern in the current years, from a state of low productivity, lack of inventory and moderately significant expenses. Saudi Arabia government is planning to launch 11 PV power v entire to the limit of 2225 MW. For 2023, the nation’s solar based plans have been updated up from 5.9 GW to 20 GW and for the year 2030 is expected to be 40 GW. Among all the 11 ventures the key venture named The Alfailia venture has a limit of 600 MW for the current year. REPDO is directing to start 4 ventures with a limit of 300 MW. The ventures are names as Rabigh, Jeddha, Alras ,Saad.

The leading players operating in the smart lighting market include First Solar, Inc., Gtek solar , Sharp Corporation, Hanwha Q Cells Co. Ltd, National Solar System, Egphil Solar Solutions, Vista Eco Solutions, Gulf Batteries Co Ltd, SunPower Corporation, JinkoSolar Holding Co. Ltd, among others.

Market Segmentation

Segmentation by Product Type

  • Thin film
  • Multi-Si
  • Mono-Si

Segmentation by Application

  • Residential
  • Commercial
  • Utility

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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