Market Size of Middle-East and Africa Distributed Solar Power Generation Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Distributed Solar Power Generation Market Analysis
The Middle-East and Africa Distributed Solar Power Generation Market is expected to register a CAGR of more than 6.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, increasing demand for clean electricity and the impetus to shift from conventional power generation sources, such as diesel and gas gen-sets, in the face of rising fossil fuel prices to power off-grid electricity requirements with sources such as distributed solar is expected to help the distributed solar power generation market grow.
- On the other hand, the higher costs of distributed solar energy due to complete dependence on solar PV hardware imports are expected to restrain costs during the forecast period.
- Nevertheless, the innovation of new technologies, the upcoming solar power projects, and the use of hybrid power solutions in this region can create immense opportunities for distributed solar power generation market in the near future.
- Saudi Arabia is expected to witness significant demand due to various government initiatives to promote renewable energy projects, particularly solar energy-based projects, in the country during the forecast period.
MEA Distributed Solar Power Generation Industry Segmentation
Distributed solar power generation is an approach to providing solar energy resources by deploying tools and technologies in proximity to the end users of the power. The system for power generation can be installed on rooftops of houses and commercial buildings that will use the energy.
The report covers the market size, and forecasts for the Middle-East and Africa distributed solar power generation market across the major countries in the region. For each segment, the market sizing and forecasts have been done based on installed capacity (MW).
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle-East and Africa Distributed Solar Power Generation Market Size Summary
The Middle-East and Africa Distributed Solar Power Generation Market is poised for significant growth, driven by the increasing demand for clean electricity and the transition from conventional power sources like diesel and gas gen-sets. This shift is particularly relevant in the context of rising fossil fuel prices and the need to meet off-grid electricity requirements. Despite challenges such as the high costs associated with dependence on solar PV hardware imports, the market is expected to benefit from technological innovations, new solar power projects, and hybrid power solutions. Saudi Arabia, in particular, is anticipated to experience substantial demand due to government initiatives promoting renewable energy, especially solar projects, aligning with its Vision 2030 goals.
The region's renewable energy capacity has been steadily increasing, with solar energy contributing significantly to this growth. Governments are actively encouraging the solar market through various initiatives, such as Saudi Arabia's new rules for distributed-generation solar installations and the UAE's ambitious targets for carbon-free energy production. These efforts are expected to drive the distributed solar power generation market forward. The market is characterized by a fragmented landscape with numerous players, including Wuxi Suntech Power Co. Ltd., Canadian Solar Inc., and JinkoSolar Holding Co. Ltd. Recent projects, such as Emerge's partnership with Al Dahra and Maersk Kanoo UAE's solar panel installation, highlight ongoing developments and the region's commitment to expanding its solar power capabilities.
Middle-East and Africa Distributed Solar Power Generation Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Capacity and Forecast in MW, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 Saudi Arabia
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2.1.2 United Arab Emirates
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2.1.3 South Africa
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2.1.4 Rest of Middle-East and Africa
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Middle-East and Africa Distributed Solar Power Generation Market Size FAQs
What is the current Middle-East and Africa Distributed Solar Power Generation Market size?
The Middle-East and Africa Distributed Solar Power Generation Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Distributed Solar Power Generation Market?
Wuxi Suntech Power Co. Ltd. , Juwi Solar Inc. , Canadian Solar Inc., JinkoSolar Holding Co. Ltd and Sharp Solar Energy Solutions Group are the major companies operating in the Middle-East and Africa Distributed Solar Power Generation Market.
