United Arab Emirates Solar Photovoltaic (PV) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United Arab Emirates Solar Photovoltaic (PV) Market is Segmented by Deployment (Utility, Commercial and Industrial, and Residential). The report offers the market size and forecasts in installed capacity (MW) for all the above segments.

United Arab Emirates Solar Photovoltaic (PV) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

UAE Solar Photovoltaic Market Size

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United Arab Emirates 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 Medium

Major Players

United Arab Emirates Solar Photovoltaic (PV) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UAE Solar Photovoltaic Market Analysis

The United Arab Emirates Solar Photovoltaic Market is expected to register a CAGR of greater than 12% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, factors such as encouraging government policies and pressure to meet the power demand using renewable energy to decrease dependency on fossils and decrease carbon footprints are significant contributors to the market's growth.
  • On the other hand, the rising adoption of alternate clean energy sources is expected to restrain market growth.
  • Nevertheless, with the adaption of the visionary UAE Energy Strategy 2050, the country is set to increase its clean energy share to 44% by 2050 by investing in nuclear and solar energy. This, in turn, is expected to create several opportunities for United Arab Emirates solar photovoltaic (PV) market in the future.

UAE Solar Photovoltaic Industry Overview

The UAE solar photovoltaic (PV) market is partially fragmented. The major companies in the market (not in particular order) include Masdar (Abu Dhabi Future Energy Company), Sunergy Solar LLC, Maysun Solar FZCO, ACWA Power, and CleanMax Mena FZCO., among others.

UAE Solar Photovoltaic Market Leaders

  1. Masdar (Abu Dhabi Future Energy Company)​

  2. ACWA Power

  3. CleanMax Mena FZCO

  4. Maysun Solar FZCO

  5. Sunergy Solar LLC

  6. *Disclaimer: Major Players sorted in no particular order
United Arab Emirates Solar Photovoltaic (PV) Market Concentration
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UAE Solar Photovoltaic Market News

  • In January 2023, the Emirates Water and Electricity Company (EWEC) issued a request for a proposal (RfP) to develop a Solar photovoltaic (PV) power project of 1.5 GW capacity in the Ajban area for the Emirates of Abu Dhabi. The bidders must submit their responses to the RfP by the end of the first quarter of 2023. The project's scope includes the development, construction, financing, ownership, and maintenance of the power plant and its associated infrastructure.
  • In January 2023, Suntech delivered all 680MW solar modules for China Machine Engineering Corporation (CMEC)'s Al Dhafra PV2 Solar Power Plant in the United Arab Emirates, further advancing the construction of the world's largest single-site solar power plant.

UAE Solar Photovoltaic 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 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 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Deployment
    • 5.1.1 Utility
    • 5.1.2 Commercial and Industrial
    • 5.1.3 Residential

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 Panel Manufacturers
    • 6.3.1.1 Canadian Solar Inc.
    • 6.3.1.2 JinkoSolar Holding Co. Ltd
    • 6.3.1.3 Trina Solar Co. Ltd
    • 6.3.1.4 First Solar Inc.
    • 6.3.1.5 Sunergy Solar LLC
    • 6.3.1.6 Echo Solar Panels Manufacturing LLC
    • 6.3.2 EPC Companies/ Developers
    • 6.3.2.1 Masdar (Abu Dhabi Future Energy Company)
    • 6.3.2.2 City Solar
    • 6.3.2.3 CleanMax Mena FZCO
    • 6.3.2.4 MAYSUN SOLAR FZCO
    • 6.3.2.5 ACWA Power
    • 6.3.2.6 Enerwhere
    • 6.3.2.7 Shanghai Electric Power Generation Engineering Co.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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UAE Solar Photovoltaic Industry Segmentation

Solar photovoltaic energy (PV) converts sunlight directly into electricity through a technology based on the photovoltaic effect. Solar radiation that strikes one face of a photoelectric cell (many of which are installed on a solar panel) produces a voltage differential between both faces, allowing electrons to travel from one face to the other, generating an electric current.

The United Arab Emirates solar photovoltaic (PV) market is segmented by deployment. By deployment, the market is segmented by residential, commercial and industrial, and utility. The market size and forecasts have been done for each segment based on installed capacity (MW).

Deployment Utility
Commercial and Industrial
Residential
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UAE Solar Photovoltaic Market Research FAQs

What is the current United Arab Emirates Solar Photovoltaic (PV) Market size?

The United Arab Emirates 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 United Arab Emirates Solar Photovoltaic (PV) Market?

Masdar (Abu Dhabi Future Energy Company)​, ACWA Power, CleanMax Mena FZCO, Maysun Solar FZCO and Sunergy Solar LLC are the major companies operating in the United Arab Emirates Solar Photovoltaic (PV) Market.

What years does this United Arab Emirates Solar Photovoltaic (PV) Market cover?

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

United Arab Emirates Solar Photovoltaic (PV) Industry Report

The United Arab Emirates Solar Photovoltaic (PV) market is experiencing significant industry growth. The market size has been expanding rapidly, driven by increased adoption across utility, commercial, industrial, and residential sectors. This market growth is supported by favorable market trends and an optimistic industry outlook. The market share of solar photovoltaic systems is on the rise, reflecting the growing preference for renewable energy sources in the region.

The industry analysis indicates a positive growth rate, with substantial investments being made in solar PV projects. Research companies are actively engaged in providing insights and data, contributing to a comprehensive industry overview. The market forecast suggests continued expansion, with market leaders playing a crucial role in driving the industry's progress.

Industry reports and industry research highlight the significant industry sales and industry size, underscoring the market's potential. Industry statistics provide valuable information on the current state and future prospects of the solar PV market in the UAE. The market outlook remains positive, with market predictions indicating sustained growth and development.

Market segmentation reveals the diverse applications of solar PV systems, catering to various segments such as utility, commercial, industrial, and residential. The market value of solar PV installations is expected to increase, reflecting the growing investment in renewable energy infrastructure. The market review and market overview provide a detailed analysis of the industry's dynamics and key trends.

The report example and report pdf offer a comprehensive view of the market, including detailed insights and data. Research companies continue to play a vital role in providing industry information and market data, aiding stakeholders in making informed decisions. The industry trends and market trends indicate a shift towards sustainable energy solutions, with solar PV leading the way.

In conclusion, the United Arab Emirates Solar Photovoltaic (PV) market is poised for significant growth, driven by favorable market conditions and increasing adoption across various sectors. The market leaders and research companies are instrumental in shaping the industry's future, providing valuable insights and data to support informed decision-making.