Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Solar Panel Market” under Heavy Industry category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
The solar panel market is at the nascent stage in Saudi Arabia. Several upcoming infrastructure projects in the country along with increasing on-grid power tariffs are expected to drive the demand for solar panels in Saudi Arabia over the coming years. Additionally, construction activities in the commercial, industrial, government and residential sectors are expected to further fuel the demand for solar panels in the region. Moreover, to reduce the current fiscal deficit and to increase the non-oil based revenues of the Kingdom, the government is planning to invest heavily in renewable energy sources such as solar and wind energy.
Saudi Arabia Solar Panel Market revenues are projected to grow at a CAGR of 30.2% during 2018-24. Saudi Arabia is likely to ramp up spending on renewable energy sector. Spending on solar energy is growing tremendously over the past few years. For instance, Saudi Arabia has signed a memorandum of understanding (MoU) with SoftBank Group to build world largest solar project of 200 GW worth $200 Billion by 2030, which would positively impact the solar panel market in coming years.
Amongst all types, polycrystalline solar panel captured the significant share of the market and is expected to maintain market leadership over the forecast period as well. Commercial application was the key revenue generating application followed by Power Utility application in Saudi Arabia Solar Panel market. Key players in Saudi Arabia solar panel market include: First Solar, Canadian Solar, Jinko Solar, Trina Solar, GTek Solar, Desert Technologies.
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The report thoroughly covers the Solar Panel market by types, applications and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical Data of Saudi Arabia Solar Panel Market Revenues for the Period 2014-2017.
- Market Size & Forecast of Saudi Arabia Solar Panel Market Revenues until 2024.
- Historical Data of Saudi Arabia Solar Panel Market Revenues By Types for the Period 2014-2017.
- Market Size & Forecast of Saudi Arabia Solar Panel Market Revenues By Types until 2024.
- Historical Data of Saudi Arabia Solar Panel Market Revenues By Applications for the Period 2014-2017.
- Market Size & Forecast of Saudi Arabia Solar Panel Market Revenues By Applications until 2024.
- Historical Data of Saudi Arabia Solar Panel Market Revenues By Regions for the Period 2014-2017.
- Market Size & Forecast of Saudi Arabia Solar Panel Market Revenues By Regions until 2024.
- Market Drivers and Restraints.
- Market Trends and Developments.
- Players Market Share.
- Company Profiles.
- Strategic Recommendations.
The report provides a detailed analysis of the following market segments:
- By Types:
- Amorphous Silicon
- Cadmium Telluride
- Copper Indium Gallium Selenide
- By Applications:
- Power Utilities
- By Regions:
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