Middle East & Africa Solar Photovoltaic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Middle-East and Africa Solar Photovoltaic (PV) Market is Segmented by End-User (Residential, Commercial, and Utility) and Geography (United Arab Emirates, Egypt, Saudi Arabia, South Africa, and the Rest of the Middle East and Africa). The report offers the market size and forecasts in installed capacity (MW) for all the above segments.

Middle East & Africa Solar Photovoltaic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Middle East & Africa Solar Photovoltaic Market Size

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MEA Solar Photovoltaic (PV) Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 12.00 %
Market Concentration Low

Major Players

MEA Solar Photovoltaic (PV) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Middle-East and Africa Solar Photovoltaic (PV) Market with other markets in Energy & Power Industry

Oil and Gas

Power

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Emerging Energy Technologies

Energy Storage Technology

Middle East & Africa Solar Photovoltaic Market Analysis

The Middle-East and Africa Solar Photovoltaic Market is expected to register a CAGR of greater than 12% during the forecast period.

The market was moderately affected by the Covid-19 pandemic, as power demand fell across the region, delaying several projects. However, the market has since rebounded and is expected to grow steadily during the forecast period.

  • Over the long term, the exploitation of the high solar potential of the region, which results in a low Levelized Cost of Energy (LCOE), is expected to drive the market during the forecast period.
  • On the other hand, the abundant availability of oil and gas for power generation and rising investments in the sector are expected to restrain the market during the forecast period.
  • Nevertheless, developing a regional solar manufacturing industry is expected to be a significant opportunity for the market beyond the forecast period.

Middle East & Africa Solar Photovoltaic Industry Overview

The Middle East and Africa solar photovoltaic (PV) market is moderately fragmented. Some major companies (in no particular order) include First Solar Inc, Jinko Solar Holding Co Ltd, ACWA Power, Canadian Solar Inc, and Enerwhere Sustainable Energy DMCC.

Middle East & Africa Solar Photovoltaic Market Leaders

  1. JinkoSolar Holding Co Ltd.

  2. First Solar Inc

  3. Enerwhere Sustainable Energy DMCC

  4. Canadian Solar Inc

  5. ACWA Power

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Middle-East and Africa Solar Photovoltaic (PV) Market.png
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Middle East & Africa Solar Photovoltaic Market News

  • In December 2022, Yemen's Ministry of Electricity signed a joint cooperation agreement with Masdar to build a 120-MW solar park in Aden to alleviate peoples' suffering in the war-ravaged Arab country. Under the agreement, Masdar will also build transmission lines and conversion stations to distribute the solar park's energy to the city's neighborhoods.
  • In November 2022, Oman Power and Water Procurement Compan (OPWP) announced the launch of a tender to select independent power producers (IPPs) to develop the 500 MW Ibri III Solar IPP Project. The solar power project is scheduled to be commissioned by Q4 2026.

Middle East & Africa Solar Photovoltaic Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 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 2028
  • 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 Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 End-User
    • 5.1.1 Residential
    • 5.1.2 Commercial
    • 5.1.3 Utility
  • 5.2 Geogrpahy
    • 5.2.1 The United Arab Emirates (UAE)
    • 5.2.2 Egypt
    • 5.2.3 Saudi Arabia
    • 5.2.4 South Africa
    • 5.2.5 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 JinkoSolar Holding Co. Ltd
    • 6.3.2 Canadian Solar Inc.
    • 6.3.3 Juwi Solar Inc.
    • 6.3.4 Wuxi Suntech Power Co. Ltd.
    • 6.3.5 Enerwhere Sustainable Energy DMCC
    • 6.3.6 First Solar Inc
    • 6.3.7 Dubai Electricity & Water Authority
    • 6.3.8 ACWA POWER BARKA SAOG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Middle East & Africa Solar Photovoltaic Industry Segmentation

A photovoltaic system, also a PV system or solar power system, is an electric power system designed to supply usable solar power using photovoltaics, which converts sunlight to electricity directly.

The Middle East and Africa solar photovoltaic (PV) market is segmented by end-user and geography. By end-user, the market is segmented into residential, commercial, and utility. The report also covers the market size and forecasts for the photovoltaic (PV) market across major regional countries. For each segment, the market sizing and forecasts have been done based on installed capacity (MW).

End-User Residential
Commercial
Utility
Geogrpahy The United Arab Emirates (UAE)
Egypt
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Middle East & Africa Solar Photovoltaic Market Research FAQs

What is the current Middle-East and Africa Solar Photovoltaic (PV) Market size?

The Middle-East and Africa Solar Photovoltaic (PV) Market is projected to register a CAGR of greater than 12% during the forecast period (2025-2030)

Who are the key players in Middle-East and Africa Solar Photovoltaic (PV) Market?

JinkoSolar Holding Co Ltd., First Solar Inc, Enerwhere Sustainable Energy DMCC, Canadian Solar Inc and ACWA Power are the major companies operating in the Middle-East and Africa Solar Photovoltaic (PV) Market.

What years does this Middle-East and Africa Solar Photovoltaic (PV) Market cover?

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

Middle East & Africa Solar Photovoltaic Industry Report

Statistics for the 2025 Middle-East and Africa Solar Photovoltaic (PV) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa 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.