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Middle East Rooftop Solar PV Module Market Trends

Report ID: GMI8967
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for rooftop solar PV module in Middle East reached USD 857 million in 2023 and is set to witness 7.4% CAGR till 2032, led by a decline in the cost of solar panels and associated components.

The crystalline silicon technology segment is poised to reach USD 1.29 billion by 2032, owing to innovations in cell design and material quality.

Turkey rooftop solar PV module industry will record USD 817.5 million by 2032, driven by the capability to decentralize power generation.

Canadian Solar, CsunSolarTech, EMMVEE SOLAR, GCL-SI, Hanwha Group, JA SOLAR Technology Co., Ltd, JinkoSolar, LG Electronics among others.