Egypt Solar Photovoltaic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Egypt Solar Photovoltaic/Solar Cells Market Manufacturers and the market is segmented by Deployment (On-Grid and Off-Grid)

Egypt Solar Photovoltaic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Egypt Solar Photovoltaic (PV) Market Size

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Egypt Solar Photovoltaic Market Overview
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 9.05 %

Major Players

Egypt Solar Photovoltaic (PV) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Egypt Solar Photovoltaic (PV) Market Analysis

The Egypt Solar Photovoltaic Market is expected to register a CAGR of 9.05% during the forecast period.

  • Over the medium term, factors such as the declining price of solar PV modules, supportive government policies, and increasing energy demand are expected to drive the market.
  • On the other hand, the increasing adoption of alternate renewable technology such as wind and hydropower is expected to hinder market growth during the forecast period.
  • Nevertheless, Egypt aims to increase the share of renewable energy to around 30% by 2050 to curb the rising carbon emissions. The target is based on Egypt's Vision 2030 plan. Further, the country includes an untapped solar photovoltaic generation capacity of 74,000 TWh annually. Hence, such a scenario is expected to create an opportunity for the market to grow in the upcoming years.

Egypt Solar Photovoltaic (PV) Industry Overview

The Egypt Solar Photovoltaic (PV) market is moderately fragmented. The key market players (not in particular order) include Egyptian Electricity Holding Company, KarmSolar, Infinity Solar, Cairo Solar, and Scatec ASA.

Egypt Solar Photovoltaic (PV) Market Leaders

  1. Egyptian Electricity Holding Company

  2. KarmSolar

  3. Infinity Solar

  4. Cairo Solar

  5. Scatec ASA

  6. *Disclaimer: Major Players sorted in no particular order
Egyptian Electricity Holding Company, KarmSolar, Infinity Solar, Cairo Solar, Scatec ASA
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Egypt Solar Photovoltaic (PV) Market News

  • April 2023: Egypt announced to build a 200 MW utility-scale solar plant in the country, which is expected to be completed by the following year. This Kom Ombo plant will contribute to the government's plant of generating 42% renewable electricity by 2035 in Egypt.
  • November 2022: AMEA Power announced that it had achieved a financial close to supplying 1 GW of renewable energy projects in Egypt. The projects include 500 MW solar projects and other renewable energy sources, representing USD 1.1 billion of investment into the country's economy.

Egypt Solar Photovoltaic (PV) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix in MW, 2022
  • 4.3 Installed Capacity and Forecast in MW, till 2028
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Declining Price of Solar PV Modules
    • 4.6.1.2 Rising Supportive Government Policies in the Country
    • 4.6.2 Restraints
    • 4.6.2.1 Increasing Adoption of Alternate Renewable Technology
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Deployment
    • 5.1.1 On-Grid
    • 5.1.2 Off-Grid

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Domestic Players
    • 6.3.1.1 Egyptian Electricity Holding Company
    • 6.3.1.2 KarmSolar
    • 6.3.1.3 Infinity Solar
    • 6.3.1.4 Cairo Solar
    • 6.3.1.5 Scatec ASA
    • 6.3.2 Foreign Players
    • 6.3.2.1 ACWA Power
    • 6.3.2.2 Canadian Solar Inc.
    • 6.3.2.3 JinkoSolar Holding Co. Ltd
    • 6.3.2.4 Abengoa SA
    • 6.3.2.5 Masdar Clean Energy
    • 6.3.2.6 Électricité de France S.A. (EDF)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Egypt's Target to Increase the Share of Renewable Energy Generation
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Egypt Solar Photovoltaic (PV) Industry Segmentation

Solar photovoltaic (PV) energy or PV solar energy directly converts sunlight into electricity, using a technology based on the photovoltaic effect.

The Egyptian solar PV market is segmented by deployment. By deployment, the market is segmented into on-grid and off-grid. Each segment's market sizing and forecasts are based on installed capacity (MW).

Deployment On-Grid
Off-Grid
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Egypt Solar Photovoltaic (PV) Market Research FAQs

What is the current Egypt Solar Photovoltaic (PV) Market size?

The Egypt Solar Photovoltaic (PV) Market is projected to register a CAGR of 9.05% during the forecast period (2025-2030)

Who are the key players in Egypt Solar Photovoltaic (PV) Market?

Egyptian Electricity Holding Company, KarmSolar, Infinity Solar, Cairo Solar and Scatec ASA are the major companies operating in the Egypt Solar Photovoltaic (PV) Market.

What years does this Egypt Solar Photovoltaic (PV) Market cover?

The report covers the Egypt Solar Photovoltaic (PV) Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Egypt Solar Photovoltaic (PV) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Cells in Egypt Industry Report

Statistics for the 2025 Egypt Solar Photovoltaic (PV) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Solar Photovoltaic (PV) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.