MEA Distributed Solar Power Generation Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Distributed Solar Power Generation Market Analysis
The Middle-East and Africa Distributed Solar Power Generation Market is expected to register a CAGR of more than 6.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, increasing demand for clean electricity and the impetus to shift from conventional power generation sources, such as diesel and gas gen-sets, in the face of rising fossil fuel prices to power off-grid electricity requirements with sources such as distributed solar is expected to help the distributed solar power generation market grow.
- On the other hand, the higher costs of distributed solar energy due to complete dependence on solar PV hardware imports are expected to restrain costs during the forecast period.
- Nevertheless, the innovation of new technologies, the upcoming solar power projects, and the use of hybrid power solutions in this region can create immense opportunities for distributed solar power generation market in the near future.
- Saudi Arabia is expected to witness significant demand due to various government initiatives to promote renewable energy projects, particularly solar energy-based projects, in the country during the forecast period.
MEA Distributed Solar Power Generation Market Trends
This section covers the major market trends shaping the MEA Distributed Solar Power Generation Market according to our research experts:
Increasing Demand for Clean Electricity to Drive the Market
- Clean energy, which includes renewables, such as solar and wind power, and alternative fuels, including waste-to-energy and nuclear, accounts for only a small proportion of electricity generation in the region.
- As of 2021, the total installed renewable energy capacity in the Middle East and Africa regions stood at 24.05 GW and 55.71 GW, respectively. Installed renewable energy capacity in both markets has been growing steadily over the past few years, with the installed renewable capacity in the Middle East growing by nearly 40% since 2017 and installed renewable capacity in Africa growing by nearly 30% since 2017. In both regions, a significant share of the total installed capacity came from solar energy. This demonstrated the growing demand for clean energy in the region, which is expected to drive the market during the forecast period.
- Rooftop solar offers the benefits of modern electricity services to households with no access to electricity, reducing electricity costs on islands and in other remote locations dependent on oil-fired generation and enabling residents and small businesses to generate electricity.
- Various governments are taking various initiatives to promote the solar market in the region; for instance, In 2020, Saudi Arabia's Electricity & Cogeneration Regulatory Authority published new rules for distributed-generation solar installations, which is anticipated to encourage electricity consumers to install PV systems under the country's net billing regime. The new framework will apply to PV systems ranging in size from 1 kW-2 MW and to all energy consumers.
- Moreover, Saudi Arabia's target to install 58.7 GW of renewable energy by 2030 may offer some of the most exciting opportunities for regional and international investors and energy firms. The United Arab Emirates is expected to remain a focal point of the clean energy transition, having set a target of 50% of its energy to be produced by carbon-free sources by 2050.
- Therefore, based on the above factors, clean electricity is expected to drive the Distributed Solar Power Generation Market in the Middle East and Africa region over the forecast period.
Saudi Arabia to Witness Significant Demand
- Saudi Arabia's energy demand has been rising, with consumption increasing by 60% in the last ten years. The demand for electricity in 2021 is about 65 GW, which is expected to increase to 120 GW in 2030.
- According to the International Renewable Energy Agency (IRENA), Saudi Arabia's total renewable installed capacity stood at 12 MW in 2012, which rose to 443 MW at the end of 2021. Solar PV has been the most significant share in total solar energy capacity, with 389 MW in the country, accounting for more than 86% of the total renewable energy as of 2021.
- Saudi Arabia has become one of the Middle East and North Africa (MENA) region's leaders in the race to use renewable energy. In 2021, the Saudi Green Initiative reinforced the country's commitment to increase the share of renewable energy to 50% of its primary energy mix while producing the other 50% from natural gas by 2030.
- Moreover, under Vision 2030, more than 40 GW of solar photovoltaic (PV) capacity and 2.7 GW of concentrated solar power (CSP) capacity are expected to be developed in the country by 2030. The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, established in 2017, is responsible for delivering on the goals of the National Renewable Energy Program (NREP) in line with Vision 2030.
- Therefore, based on the projects mentioned above, Saudi Arabia is expected to witness significant demand for distributed solar power generation in the Middle-East and Africa region over the forecast period.
MEA Distributed Solar Power Generation Industry Overview
The market for distributed solar power generation in Middle-East and Africa is partially fragmented, with the presence of numerous players. Some of the major players in the market (not in particular order) include Wuxi Suntech Power Co. Ltd., Canadian Solar Inc., Juwi Solar Inc., JinkoSolar Holding Co. Ltd, and Sharp Solar Energy Solutions Group, among others.
MEA Distributed Solar Power Generation Market Leaders
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Wuxi Suntech Power Co. Ltd.
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Juwi Solar Inc.
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Canadian Solar Inc.
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JinkoSolar Holding Co. Ltd
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Sharp Solar Energy Solutions Group
*Disclaimer: Major Players sorted in no particular order
MEA Distributed Solar Power Generation Market News
- December 202: Emerge signed a strategic partnership with Al Dahra to develop a rooftop solar project at Al Dahra Food Industry at Khalifa Industrial Zone Facility Abu Dhabi (KIZAD). Under the agreement, Emerge will provide a full turnkey solution for the 1.2-Megawatt peak (MWp) project, including the design, procurement, construction, and operation and maintenance of the plant. The project is scheduled to be operational in 2023.
- March 2022: Maersk Kanoo UAE, an integrator of container logistics, inaugurated its first integrated logistics center with rooftop solar panels in Dubai. The facility is expected to get solar panels on its rooftop to cater to entire electricity requirements for facility operations. Each year, 434 MWh of clean energy is anticipated to be produced, and carbon emission worth more than 1,700 tons is expected to be reduced over ten years. These projects are signs of developments in distributed solar power generation.
MEA Distributed Solar Power Generation Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Installed Capacity and Forecast in MW, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 Saudi Arabia
5.1.2 United Arab Emirates
5.1.3 South Africa
5.1.4 Rest of Middle-East and Africa
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 Wuxi Suntech Power Co. Ltd
6.3.2 First Solar Inc.
6.3.3 Juwi Solar Inc.
6.3.4 JA Solar Holdings Co. Ltd
6.3.5 Trina Solar Limited
6.3.6 JinkoSolar Holding Co. Ltd
6.3.7 Sharp Solar Energy Solutions Group
6.3.8 Canadian Solar Inc.
6.3.9 Sonnedix Power Holdings Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Distributed Solar Power Generation Industry Segmentation
Distributed solar power generation is an approach to providing solar energy resources by deploying tools and technologies in proximity to the end users of the power. The system for power generation can be installed on rooftops of houses and commercial buildings that will use the energy.
The report covers the market size, and forecasts for the Middle-East and Africa distributed solar power generation market across the major countries in the region. For each segment, the market sizing and forecasts have been done based on installed capacity (MW).
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle-East and Africa |
MEA Distributed Solar Power Generation Market Research FAQs
What is the current Middle-East and Africa Distributed Solar Power Generation Market size?
The Middle-East and Africa Distributed Solar Power Generation Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Distributed Solar Power Generation Market?
Wuxi Suntech Power Co. Ltd. , Juwi Solar Inc. , Canadian Solar Inc., JinkoSolar Holding Co. Ltd and Sharp Solar Energy Solutions Group are the major companies operating in the Middle-East and Africa Distributed Solar Power Generation Market.
What years does this Middle-East and Africa Distributed Solar Power Generation Market cover?
The report covers the Middle-East and Africa Distributed Solar Power Generation Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Distributed Solar Power Generation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Distributed Solar Power Generation Industry Report
Statistics for the 2024 Middle-East and Africa Distributed Solar Power Generation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Distributed Solar Power Generation analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
