Saudi Arabia Solar PV Module Market
According to the latest report by IMARC Group, titled “Saudi Arabia Solar PV Module Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The Saudi Arabia solar PV module market is expected to exhibit a CAGR of 5.2% during 2022-2027. 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.
Market Trends:
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.
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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.
List of Key Companies Covered in this Market Report:
- 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.
Market by Technology:
- Thin Film
- Crystalline Silicon
- Others
Based on Product Type:
- Monocrystalline
- Polycrystalline
- Cadmium Telluride
- Amorphous Silicon
- Others
Connectivity:
- On-Grid
- Off-Grid
Mounting:
- Ground Mounted
- Roof-Top
Based on End Use:
- Residential
- Commercial
- Industrial
Explore Full Report Description At: https://www.imarcgroup.com/saudi-arabia-solar-pv-module-market
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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