Solar PV Module Market Outlook For Saudi Arabia 2022-2027 | Desert Technologies, Egphil Solar Solutions, Haala Energy and More

IMARC Group has recently released a new research study titled "Saudi Arabia Solar PV Module Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", the rising consumer environmental concerns towards greenhouse gas (GHG) emissions are propelling the adoption of renewable energy sources to power demand, which is among the key factors stimulating the market.

How big is the Saudi Arabia solar PV module market?

The Saudi Arabia solar PV module market is expected to exhibit a CAGR of 5.2% during 2022-2027.

Market Insight:

A solar PV module represents an assembly of photovoltaic (PV) cells that are arranged in a framework for installation. This module generally stimulates the power output and converts sunlight into direct current (DC). In line with this, PV modules are wired together in series or parallel to deliver voltage and current depending upon the requirement of a particular system. Some of the common variants of solar modules include monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, copper indium gallium diselenide, etc. As such, they find extensive applications across the residential, commercial, and industrial sectors.

Market Growth Drivers and Trends:

The widespread presence of high-capacity solar power plants in the country is acting as another significant growth-inducing factor. Besides this, the growing investments in developing cleaner and sustainable energy infrastructures and the launch of several favorable initiatives by government bodies are also augmenting the solar PV module market growth across Saudi Arabia.

Furthermore, the increasing focus of key market players on reducing the dependency on conventional energy sources, including oil and gas, is driving the market growth. Apart from this, the introduction of highly efficient and lightweight product variants that are integrated with remote sensors, temperature controllers, adjustable arrays, etc., and extensive R&D activities are anticipated to fuel the Saudi Arabia solar PV module market over the forecasted period.

Saudi Arabia Solar PV Module Market Report

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Saudi Arabia Solar PV Module Market 2022-2027 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.

Major Players Covered:

• Desert Technologies
• Egphil Solar Solutions
• Haala Energy
• Hanwha Group
• Meeco AG
• National Solar Systems
• Saudi American Solar
• Sharp Middle East (Sharp Corporation)
• Sun Capture
• Vista Eco

Saudi Arabia Solar PV Module 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.

Based on Technology:

• Thin Film
• Crystalline Silicon
• Others

Based on Product Type:

• Monocrystalline
• Polycrystalline
• Cadmium Telluride
• Amorphous Silicon
• Others

Based on Connectivity:

• On-Grid
• Off-Grid

Based on Mounting:

• Ground Mounted
• Roof-Top

Based on End Use:

• Residential
• Commercial
• Industrial

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3977&flag=C

Key Highlights of the Report:              

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19
• Value Chain Analysis
• Structure of the Global Market
• 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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