Middle East & Africa Solar Photovoltaic (PV) Market Size 2022, Share, Analysis By Segmentation And Worldwide Overview Forecast To 2028

Posted on Sep 30 2022 11:28 AM

"The Middle East & Africa Solar Photovoltaic (PV) Market Size report offers insights into the latest trends. It summarizes key aspects of the market, with focus on leading key players, areas that have witnessed the highest demand, leading regions, and applications."

Middle East & Africa Solar Photovoltaic (PV) Market Size 2022-2028

Market Overview:

The Middle East & Africa Solar Photovoltaic (PV) Market Size report offers insights into the latest trends. It summarizes key aspects of the market, with focus on leading key players, areas that have witnessed the highest demand, leading regions, and applications.

The “Middle East & Africa solar photovoltaic (PV) market size” was USD 2.19 billion in 2021. The market is projected to grow from USD 3.47 billion in 2021 to USD 22.68 billion in 2028 at a CAGR of 30.8% in the 2021-2028 period.

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Major Middle East & Africa Solar Photovoltaic (PV) Market Size Manufacturers Covered In The Market Report Include:

  • E Group
  • SARL Algerian PV Company
  • Aton Enerji
  • Aures Solaire
  • Aurasol
  • Copex Solar
  • Cleanergy
  • DuSol Industries
  • Emirates Insolaire
  • Specialized Battery Systems
  • Genergy
  • Asunim Solar

COVID-19 Impact:

COVID-19 Outbreak Regulations to Hinder Market Growth in MEA

The global health crisis triggered by the spread of the COVID-19 pandemic resulted in an adverse impact on almost every sector and industry. The Middle East & Africa solar photovoltaic (PV) industry is greatly reliant on imports from other countries and also technical workforce, which mostly comes from EPC contractors. With the national lockdowns announced and the absence of workers, the investment movement for solar in the Middle East is likely to observe a collapse with a postponement in distribution time for current schemes. In accordance with the Arab Petroleum Investments Corporation (APICORP), the energy investments in the MENA region as expected to fall by USD 73 billion between 2020 and 2024. Moreover, like other nations, the Middle East countries too observed an extensive reduction in solar energy installation volume in comparison to the prior year.

Growth Drivers:

Rising Government Practices to Maximize Energy from Solar Set to Aid Market Growth

The world has made major changes, such as the shift from fossil fuels to renewable energy sources. The identical structure has been observed in the Middle East & Africa solar photovoltaic (PV) industry with energy requirement for renewables growing and governments concentrating on obtaining extreme conceivable energy from these sources. The governments in the region aim to endorse solar at a distinct level and are also planning to offer enticements and aids to people to decrease the usage of fossil fuels.

For instance, in UAE, according to the small-scale solar PV Energy Netting Regulation sanctioned in Abu Dhabi in 2017, holders of the solar PV panels are indebted to be accredited for any excess production beyond use in their properties. This guideline is applicable to proprietors, manufacturers, supply companies, approved contractors, or other people involved in the association of small-scale PV systems to the circulation system or distribution firms. This is expected to thrust the Middle East & Africa solar photovoltaic (PV) market growth in the foreseeable future.

Key Region/Countries Are Classified As Follows:

The Regional Assessment Of The Middle East & Africa Solar Photovoltaic (PV) Market Size Has Been Carried Out In Six Key Regions Including North America, Asia Pacific, Europe, Latin America, Middle East, And Africa. Furthermore, The Report Also Provides Deep Insights Into The Ongoing R&D Activities, Revenue, Innovative Services, Actual Status Of Supply And Demand, And Pricing Strategy. Further, This Report Also Provides Details On Consumption Figures, Export/Import Supply, And Gross Margin By Region. The Following Regions Are Covered In The Report Are:

North America (Us, Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Rest Of Europe)

Asia-Pacific (China, India, Japan, South Korea, Rest Of Asia Pacific)

Rest Of The World (The Middle East & Africa And South America)

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This Report Also Includes:

  • Fortune Business Insights™ Methodology
  • Tactics And Suggestions For New Entrants
  • Segmentation Analysis
  • Economic Indices
  • Companies Strategic Developments
  • Market Growth Drivers And Restraints
  • Selected Illustrations Of The Market Penetrations And Trends

Key Questions Answered In The Report:

  • What Will The Market Growth Rate Of Middle East & Africa Solar Photovoltaic (PV) Market Size In 2022?
  • What Are The Key Factors Driving The Global Market?
  • Who Are The Key Manufacturers In Space?
  • What Are The Market Opportunities, Market Risk And Market Overview Of The Global Market?
  • What Are Sales, Revenue, And Price Analysis Of Top Manufacturers Of Global Market?

Primary Objectives Of Middle East & Africa Solar Photovoltaic (PV) Market Size Report:

  • To Analyze Target Consumers And Their Preferences.
  • To Determine Potential Opportunities, Challenges, Obstacles, And Threats In The Middle East & Africa Solar Photovoltaic (PV) Market Size Report Sales
  • To Identify And Make Suitable Business Plans According To Industry And Economic Shifts.
  • To Analyze Market Rivalry And Obtain Maximum Competitive Advantages.
  • To Mitigate Risks And Hurdles To Drive Informed Business Decisions.
  • In This Study, The Years Are Taken Into Consideration To Approximate The Market

Table Of Content:

Report Overview: It includes the Middle East & Africa Solar Photovoltaic (PV) Market Size Share study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: This section of the report gives information about trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

Profiles of International Players: Here, key players of the Middle East & Africa Solar Photovoltaic (PV) Market Size are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

Regional Study: All of the regions and countries analyzed in the report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Company Profiles: Almost all leading players of the global Middle East & Africa Solar Photovoltaic (PV) Market Size are profiled in this section. The analysts have provided information about their recent developments in the global Middle East & Africa Solar Photovoltaic (PV) Market Size, products, revenue, production, business, and company.

Market Forecast by Production: The production and production value forecasts included in this section are for the global as well as for key regional markets.

Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global Middle East & Africa Solar Photovoltaic (PV) Market Size as well as for key regional markets.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and the value chain of the global.

Key Findings: This section gives a quick look at the important findings of the research study.

Continued…

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