Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Assessment, By Type [Grid-Tied, Grid-Tied with Battery Back-Up, Off-Grid System], By Technology [Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, Others], By Installation System [Ground Mounted, Rooftop, Building-Integrated Photovoltaics], By Region, Opportunities, Forecast, 2016-2030

Middle East solar PV market was estimated at USD 2.66 Bn in 2022 and is expected to grow to USD 17.32 Bn in 2030 growing at a CAGR of 30.69% during the forecast period.

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The increasing environmental concerns and strong government initiatives, advancements in technology and design are making solar PV systems more reliable, efficient, and cost-effective, driving the growth of Solar Photovoltaic (PV) Commercial and Industrial Distributed Generation Market. Furthermore, distributed solar PV systems increase energy security by providing backup power during outages and reducing the risk of grid disruptions which helps in market expansion. Saudi Arabia is a rapidly growing market for solar PVs in Middle East region. Middle East solar PV market was estimated at USD 2.66 Bn in 2022 and is expected to grow to USD 17.32 Bn in 2030 growing at a CAGR of 30.69% during the forecast period.

Additionally, solar PV helps commercial and industrial players in lowering their energy costs and making long-term financial savings in the long run as solar energy is becoming increasingly cost-competitive and efficient. Also, by adopting solar options, companies can demonstrate their commitment to sustainability and environmental stewardship, which can help build their brand and enhance their reputation among customers and stakeholders. Furthermore, the adoption of solar energy provides energy independence to industry owners, reducing reliance on traditional power sources.

Rising Environmental Concerns Contributes to Market Growth

Saudi Arabia is a signatory to the Paris Agreement and has committed to reducing its carbon emissions, due to which the nation focus on environmental concerns. Developing its solar PV industry is one way the country is aiming to reduce its carbon footprint and meet its climate targets. Moreover, by growing its renewable energy industry, Saudi Arabia focus on enhancing its energy security and reducing its vulnerability to supply disruptions and price volatility in the global oil market.

Government Initiatives Propelled the Market Growth

According to the Ministry of Industry and Natural Resources, Saudi Arabia has launched a new programme to support renewable energy projects and reduce its reliance on crude oil. Moreover, the Ministry would provide tax breaks and other incentives to businesses that create renewable energy.

The Kingdom of Saudi Arabia plans to produce 50 percent of its electricity from renewable sources by 2030. In March 2022, a power purchase agreement (PPA) was signed by ACWA Power and the Saudi Power Procurement Corporation (SPPC) to build the 700 MW Ar Rass solar PV independent power plant (IPP) in the Al Qassim area of Saudi Arabia.

Impact of COVID-19

The COVID-19 outbreak caused the government to enact strict lockdown measures, which led to the temporary shutdown of several solar PV production facilities. The pandemic has caused supply chain disruptions which led to delays in the construction of solar PV systems, hence negatively impacting the growth. Additionally, the market faced economic crisis which resulted in a slowdown in project development and growth.

Impact of Russia-Ukraine War

Russia is one of the top oil producers in the world, thus disruptions in Russian oil shipments have caused an increase in oil prices. This has turned out to be advantageous for Saudi Arabia, as the Saudi Arabia is a significant oil producer too. However, the cost of electricity production from conventional sources is expected to increase, thereby making solar power a better choice for commercial and industrial sectors. Furthermore, the war has led to disruptions in the supply of natural gas to Europe, which may increase the demand for other sources of energy, including solar power. This could create opportunities for Saudi Arabia's solar industry to expand its market share in Europe.

Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market: Report Scope

Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current scenario of the solar PV commercial and industrial distributed generation market in Saudi Arabia, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of XX% from 2023-2030

Revenue Forecast in 2030

USD XX Million

Units

Revenue in USD Billion and Volume in Units Thousands

Segments Covered

Type, Technology, Installation System, and Region.

Regions Covered

Central, Western, Northern, Eastern, And Southern

Key Companies Profiled

ACWA Power Global Services Ltd., Alfanar Power Private Limited, Masdar (Mubadala Development Company), Saudi Electricity Company, Engie S.A., JinkoSolar Holding Co. Ltd., Abdul Latif Jameel IPR Company Limited, Enel S.p.A., TotalEnergies SE, Canadian Solar Inc.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

 

In this report, Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market has been segmented into the following categories: 

1.       Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Type

1.1.    Grid-Tied

1.2.    Grid-Tied with Battery Back-Up

1.3.    Off-Grid System

2.       Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Technology

2.1.    Monocrystalline Silicon

2.2.    Thin Film

2.3.    Polycrystalline Silicon

2.4.    Others

3.       Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Installation System

3.1.   Ground Mounted

3.2.   Rooftop

3.3.   Building-Integrated Photovoltaics

4.       Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Region 

4.1.    Central

4.2.    Western

4.3.    Northern

4.4.    Eastern

4.5.    Southern

Key Players Landscape and Outlook

The Saudi Arabia solar PV commercial and industrial distributed generation market is consolidated, and there few major players in the industry. The market consists of major players such as ACWA Power Global Services Ltd., Alfanar Power Private Limited, and Masdar (Mubadala Development Company)

Key Players Operating in Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market

·         ACWA Power Global Services Ltd.

·         Alfanar Power Private Limited

·         Masdar (Mubadala Development Company)

·         Saudi Electricity Company

·         Engie S.A.

·         JinkoSolar Holding Co. Ltd.

·         Abdul Latif Jameel IPR Company Limited

·         Enel S.p.A. 

·         TotalEnergies SE

·         Canadian Solar Inc.

 

If you can't find what you're searching for or have any custom requirements for Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, you may approach our team at info@marketsandata.com

Table of Content

1.       Research Methodology

2.       Product Overview

3.       Impact of COVID-19

4.       Impact of Russia-Ukraine War

5.       Executive Summary

6.       Voice of Customer (Merchants)

6.1.    Product Intelligence

6.2.    Factors Considered to Make Purchase Decisions

6.2.1.Quality and Warranty

6.2.2.Price

6.2.3.Quantity

6.2.4.Minimum Order Quantity

6.2.5.Turnaround Time

6.2.6.Experience in the Industry

6.2.7.Efficiency

6.2.8.Maintenance Cost

6.3.    Supply Chain Management

6.4.    Demand and Supply Mechanism

6.5.    Consideration and Understanding of Safety Regulations

6.6.    Application of Legal Compliances

7.        Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Outlook, 2016-2030F

7.1.    Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2.    Market Share & Forecast

7.2.1.By Type

7.2.1.1.              Grid-Tied

7.2.1.2.              Grid-Tied with Battery Back-Up

7.2.1.3.              Off-Grid System

7.2.2.By Technology

7.2.2.1.              Monocrystalline Silicon

7.2.2.2.              Thin Film

7.2.2.3.              Polycrystalline Silicon

7.2.2.4.              Others

7.2.3.By Installation System

7.2.3.1.             Ground Mounted

7.2.3.2.             Rooftop

7.2.3.3.             Building-integrated photovoltaics

7.2.4.By Region 

7.2.4.1.              Central

7.2.4.2.              Western

7.2.4.3.              Northern

7.2.4.4.              Eastern

7.2.4.5.              Southern

7.2.5.By Company Market Share (%), 2022

8.       Market Mapping, 2022

8.1.    By Type

8.2.    By Technology

8.3.    By Installation System

8.4.    By Region

9.       Pricing Analysis for Key Five Players

10.   Macro Environment and Industry Structure

10.1.                     Value Chain Analysis

10.2.                     Demand and Supply Analysis

10.3.                     Import Export Analysis

10.4.                     PESTEL Analysis

10.4.1.    Political Factors

10.4.2.    Economic Factors

10.4.3.    Social Factors

10.4.4.    Environmental Factors

10.4.5.    Legal Factors & Regulatory Policies

10.5.                     Porter’s Five Force Industry Analysis

10.5.1.    Threat of Substitutes

10.5.2.    Threat of New Entrant

10.5.3.    Bargaining Power of Suppliers

10.5.4.    Bargaining Power of Suppliers

10.5.5.    Intensity of Competitive Rivalry

11.   Market Dynamics

11.1.                     Trends & Developments

11.2.                     Growth Drivers

11.3.                     Growth Inhibitors

12.   Case Studies

13.   Competitive Landscape

13.1.                     Competition Matrix of Market Leaders

13.2.                     Market Revenue Analysis of Market Leaders (in %, 2022)

13.3.                     Mergers & Acquisitions/ Joint Ventures (If Applicable)

13.4.                     SWOT Analysis (Top Five Market Players)

13.5.                     Patent Analysis (If applicable)

14.   Competition Outlook

14.1.                     ACWA Power Global Services Ltd.

14.1.1.    Company Details

14.1.2.    Key Management Personnel

14.1.3.    Products & Services

14.1.4.    Key Market Focus & Geographical Presence

14.1.5.    Financials (As Reported)

14.1.6.    Recent Developments

14.2.                     Alfanar Power Private Limited

14.3.                     Masdar (Mubadala Development Company)

14.4.                     Saudi Electricity Company

14.5.                     Engie S.A.

14.6.                     JinkoSolar Holding Co. Ltd.

14.7.                     Abdul Latif Jameel IPR Company Limited

14.8.                     Enel S.p.A. 

14.9.                     TotalEnergies SE

14.10.                  Canadian Solar Inc.

*Companies mentioned above DO NOT hold any order as per market share and can be changed during course of work

15.   Strategic Recommendations

16.   About Us & Disclaimer

List of Figure_ Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market

Figure 1. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Value, In USD Million, 2016 - 2030F.

Figure 2. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market, By Volume, In Thousand Units, 2016 - 2030F.

Figure 3. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Type, In USD Million, 2016 - 2030F.

Figure 4. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Type, In Thousand Units, 2016 - 2030F.

Figure 5. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Technology, In USD Million, 2016 - 2030F.

Figure 6. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Technology, In Thousand Units, 2016 - 2030F.

Figure 7. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Installation System, In USD Million, 2016 - 2030F.

Figure 8. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Installation System, In Thousand Units, 2016 - 2030F.

Figure 9. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Region, In USD Million, 2016 - 2030F.

Figure 10. Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Share, By Region, In Thousand Units, 2016 - 2030F.

Figure 11. By Type Form Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 12. By Technology Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 13. By Installation System Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 14. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Table_ Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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