The GMI Research adds new research on the Saudi Arabia Solar PV market, a detailed analysis of this business space, including the emerging market trends, competitive landscape, and market size. The report covers various parameters among different segment analysis, the growth landscape, and an in-depth study of the industry’s competitive scenario.

Leading Players of the Saudi Arabia Solar PV market:

The major players in the market include Vista Eco Solutions, Gulf Batteries Co Ltd, Sharp Corporation, Hanwha Q Cells Co. Ltd, First Solar, Inc., Gtek solar, National Solar System, Egphil Solar Solutions, SunPower Corporation, and JinkoSolar Holding Co. Ltd., among others.

Key Drivers of the Saudi Arabia Solar PV market:

The increasing solar PV installations, reduction of the carbon footprint, and low-cost energy generation are certain factors that are boosting the growth of the Saudi Arabia Solar PV market size. Moreover, the rising awareness and introduction of cutting edge designed e solar rooftop PV ill further have a positive impact on the market’s growth. The government is heavily investing in solar energy, and the increasing competitiveness of solar photovoltaic will further open new doors for the growth of the market.

Saudi Arabia plans to install 11 PV power ventures with a joined limit of 2,225 MW this year. The nation’s Solar based plan for 2023 has been updated up from 5.9 GW to 20 GW, and that for 2030 set at 40 GW. The biggest project is the Alfaisalia venture, with a limit of 600 MW. REPDO is focusing on installing another four ventures with a limit of 300 MW each named Rabigh, Jeddah, Alras, and Saad. According to the Saudi Arabia Solar PV market report, the increasing number of solar projects is further energizing the market’s demand.

Market Segmentation of the Saudi Arabia Solar PV market:

This report focuses on the Saudi Arabia Solar PV market status, forecast, growth opportunities, key development, and the leading players in the market.

Segment by Type:

Thin film
Multi-Si
Mono-Si
Segment by Application:

Residential
Commercial
Utility

About GMI Research

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