The Middle East Solar Power Market is Segmented by Technology (solar photovoltaic (PV) and concentrated solar power (CSP))and Geography (Saudi Arabia, the United Arab Emirates, Oman, and the rest of the Middle East). The report offers the market size and forecasts in installed capacity (gigawatts) for all the above segments.
The Middle East & Africa solar photovoltaic (PV) market size was valued at USD 5.00 billion in 2022. The market is projected to grow from USD 6.93 billion in 2023 to USD 37.71 billion by 2030, exhibiting a CAGR of 27.4% during the forecast period. Solar panels form the heart of any solar energy system.
Photovoltaic (PV) solar panels held a share of more than 96.57% of the total Middle Eastern solar energy installed in 2022. The solar PV installed capacity of the Middle East grew to 12.440 GW in 2022, which is higher compared to the 9.239 GW installed in 2021.
With several projects under construction or in the tender phase in countries like Saudi Arabia and the United Arab Emirates, considerable growth in solar PV is expected to drive the solar power market in the Middle Eastern region over the forecast period.
Current Trends in the Middle Eastern Solar PV Market with many benefits — light, warmth, and the energy needed to power our world. In the Middle East and around ic (PV) technology, in
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The Middle East rooftop solar PV module market size surpassed USD 857 million in 2023 and is expected to observe around 7.4% CAGR from 2024 to 2032, driven by the increasing adoption of off
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The Middle East and Africa photovoltaic (PV) market is positioned for sustained long-term growth driven by robust structural demand, macroeconomic alignment with renewable energy
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The continuous reduction in the cost of solar PV modules is a major trend driving adoption in Middle East and Africa. Economies of scale, streamlined supply chains, and
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The Middle East Solar Power Market worth 31.91 gigawatt in 2026 is growing at a CAGR of 18.56% to reach 74.75 gigawatt by 2031. ACWA Power, Masdar, JinkoSolar, First Solar and Longi
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As solar PV module prices remain under pressure, the Middle East offers a strategic opportunity for manufacturers to balance cost reduction with market expansion. The region''s growing
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The Middle East, benefiting from an 89% drop in solar generation costs since 2010, is on track to reach 40 GW solar capacity in 2024 and 180 GW by 2030. Leading this growth are Saudi
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The Middle East & Africa solar photovoltaic (PV) market size is projected to grow from $6.93 billion in 2023 to $37.71 billion by 2030, at a CAGR of 27.4%
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Middle East Solar PV Market Summary The Middle East solar PV market size was estimated at USD 6.73 billion in 2024 and is projected to reach USD 14.11 billion by 2033, growing at a CAGR of 8.1%
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The Middle East and Africa Solar Panel market was USD 3430.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The market is foreseen to reach
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