Middle East Rooftop Solar PV Module Market Size - By Technology (Thin Film, Crystalline Silicon), By Product, Connectivity (On-Grid, Off-Grid), By End-Use, 2024 – 2032

Middle East Rooftop Solar PV Module Market Size

Middle East Rooftop Solar PV Module Market size was valued at USD 857 million in 2023 and is anticipated to grow at a CAGR of 7.4% between 2024 and 2032. A rooftop solar PV (photovoltaic) module refers to the technology utilized to capture sunlight and convert it into electricity on rooftops of residential, commercial, or industrial buildings. These modules typically consist of multiple solar cells interconnected to form a solar panel. These panels are then installed on rooftops to harness sunlight, which is converted into usable electricity.
 

Continuous decline in the cost of solar panels and associated components along with various companies making efforts to increase the capacity of solar installations will stimulate the business statistics. For instance, in 2022, under the Shams Dubai programme, the country reached a cumulative rooftop photovoltaic capacity of over 500 MW. Furthermore, booming construction sector across various economies coupled with rising environment concerns to restrict the carbon emissions will propel the business growth.
 

Middle East Rooftop Solar PV Module Market Trends

Rising urbanization and household incomes combined with favourable government investments toward sustainable infrastructure development will positively influence the business landscape. For instance, according to the Solar Outlook Report 2023, Jordan has commercial PV projects of more than 1,400 MW under PPAs under net metering and wheeling schemes. Moreover, rising inclination of industry players to enhance their presence and introduce solutions delivering reduced energy usage will augment the business demand.
 

Middle East Rooftop Solar PV Module Market Analysis

Based on technology, the market is segmented into thin film and crystalline silicon. The crystalline silicon rooftop solar PV module is projected to reach USD 1.29 billion by 2032 owing to innovations in cell design, material quality, and manufacturing processes resulting in increased efficiency and reduced production costs. Increasingly affordability for residential, commercial, and industrial consumers and growing investments by homeowners in solar energy systems to reduce electricity bills will drive the business scenario. Additionally, increasing energy independence, along with contribution to environmental sustainability will enhance the industry outlook.
 

Based on product, the market is segmented into monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, and copper indium gallium di-selenide. The monocrystalline rooftop solar PV module market is set to expand at a CAGR of more than 5.5% through 2032. Ongoing research and development efforts combined with favourable government incentives, such as tax credits and net metering policies will fuel the product adoption. Enabling grid independence while enhancing energy resilience in conjunction with ability to offer viable solution for utilizing available rooftop space in densely populated urban areas will further foster the business dynamics.
 

On-grid rooftop solar PV module witnessed a market share of over 99% in 2023. The system offering clean and renewable energy source aligned with sustainability goals and contributing to efforts to mitigate climate change will complement the business growth. Grid integration solutions, such as smart inverters and grid-tied systems, enable efficient and reliable operation while ensuring compatibility with utility grids, will proliferate the product penetration.
 

Turkey rooftop solar PV module market is projected to cross USD 817.5 million by 2032. Capability to decentralize power generation and reduce dependence on centralized power plants along with introduction of various solar projects across the country will foster the market growth. However, deregulation initiatives, market reforms, and the emergence of third-party financing models will expand consumer choice and facilitate greater access to solar energy solutions, boosting the industry dynamics.
 

Middle East Rooftop Solar PV Module Market Share

Canadian Solar, JinkoSolar, Yingli Solar, LONGi, Trina Solar and CsunSolarTech holds majority of the industry share. Collaborations between solar developers and utilities have facilitated the integration of rooftop solar PV modules into existing electricity infrastructure. Utilities recognize the benefits of distributed generation and are partnering with solar companies to deploy these systems seamlessly. Henceforth, continuously innovating, manufacturers contribute to the advancement of rooftop solar technology and enhance the value proposition for consumers.
 

Middle East Rooftop Solar PV Module Market Companies

Key market players operating across the Middle East rooftop solar PV module industry include:

• Canadian Solar
• CsunSolarTech
• EMMVEE SOLAR
• GCL-SI
• Hanwha Group
• JA SOLAR Technology Co., Ltd
• JinkoSolar
• LG Electronics
• LONGi
• Motech Industries Inc.
• REC Solar Holdings AS
• RENESOLA
• SunPower Corporation
• Trina Solar
• VIKRAM SOLAR LTD
• Yingli Solar
   

Middle East Rooftop Solar PV Module Market Industry News

• In October 2023, Miral signed an agreement with Emerge for the construction of a rooftop solar project on Yas Bay Waterfront in Abu Dhabi. This project included 920 solar modules where Emerge will provide services comprising finance, design, procurement, construction, operations, and maintenance of these modules for 30 years. Therefore, the companies have successfully expanded the solar technology and mark its strong presence across the region.
   
• In May 2023, SirajPower completed the installation of solar rooftop project at a manufacturing plant of Al Tajir Glass Industries in Jebel Ali Industrial Area. The project consists of 2.0 MW peak solar facility with estimated generation of clean energy of 4.6 GWh each year along with elimination of around two thousand metric tons of carbon emissions. Therefore, the company significantly expanded the capacity of rooftop solar in the country.
   

The market research report for rooftop solar PV module in Middle East includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘MW & USD Million’ from 2019 to 2032, for the following segments:

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Market, By Technology

• Thin Film
• Crystalline Silicon

Market, By Product

• Monocrystalline
• Polycrystalline
• Cadmium Telluride (CdTe)
• Amorphous Silicon (A-Si)
• Copper Indium Gallium Di-Selenide (CIGS)

Market, By Connectivity

• On-Grid
• Off-Grid

Market, By End-Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• Israel
• Saudi Arabia
• UAE
• Jordan
• Oman
• Kuwait
• Turkey