By Type (Thin Film, Multi-Si, Moni-Si), By End Users (Residential and Commercial), By Type of Solutions (Rooftop, Ground Mounted), By End Users (Manufacturing, Power and Utilities,...... Transport Infrastructure, Others), By Region (Central, South, West, East), By Company (First Solar, Inc., Gtek Solar, Sharp Corporation, Hanwha Q Cells Co. Ltd, National Solar System, Egphil Solar Solutions, Vista Eco Solutions, Gulf Batteries Co Ltd, SunPower Corporation, JinkoSolar Holding Co. Ltd, etc.) Read more
- Energy
- Oct 2020
- 115
- PDF, Excel, PPT
Saudi Arabia Solar Photovoltaic (PV) Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Saudi Arabia Solar Photovoltaic (PV) market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Saudi Arabia Solar Photovoltaic (PV) Market Analysis, 2020”, the Saudi Arabia Solar Photovoltaic (PV) market is anticipated to grow at a CAGR of 5% during 2021-26. The growth in the solar energy sector witnessed under the Saudi Vision 2030 that plans for economic diversification. KSA has planned to install 27.3 GW of renewable energy by 2023, most of which, 20 GW, will be solar PV. By 2030, the country planned to reach 40 GW, 16 GW, and 2.7 GW for solar PV, wind, and CSP, respectively. The reduction in the cost of solar panels would help in achieving the targets in the country, therefore, a sudden momentous rise in the demand for solar photovoltaic is anticipated during 2021-2026.
Impact of COVID-19 on Solar Photovoltaic (PV)
Lockdowns & restrictions in the wake of the COVID-19 have negatively impacted the whole economy and also the sales of solar PV by disrupting supply chains, creating a shortage of labor.and delay in projects.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of COVID-19 in Saudi Arabia Photovoltaic (PV) Market
- Saudi Arabia Solar Industry Overview
- Strategic Framework
- Initiatives Timeline
- New Energy Master Plan
- Future of Solar Energy in Saudi Arabia
- Saudi Arabia Photovoltaic (PV) Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- Market Share & Analysis
- By Type
- Thin Film
- Mono-Crystalline
- Poly-Crystalline
- By End Users
- Residential
- Commercial
- By Deployment
- Rooftop
- Ground Mounted
- By Region
- East
- West
- South
- Central
- By Competitor
- Competition Characteristics
- Market Share
- Competitor Alignment in Competition Metrix
- By Type
- Market Size & Analysis
- Saudi Arabia Photovoltaic (PV) Market Pricing Analysis, 2020
- Saudi Arabia Photovoltaic (PV) Market Import-Export Statistics, 2016-2019
- Saudi Arabia Photovoltaic (PV) Market Value Chain Analysis, 2020
- Saudi Arabia Photovoltaic (PV) Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Saudi Arabia Photovoltaic (PV) Market Trends & Insights
- Saudi Arabia Photovoltaic (PV) Market Hotspots & Opportunities
- Saudi Arabia Photovoltaic (PV) Market Regulations
- Competitive Benchmarking
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles (Business Description, Product Offering, Target Markets, Assets, Strategic Alliances or Partnerships, etc.)
- First Solar, Inc.
- Gtek Solar
- Sharp Corporation
- Hanwha Q Cells Co. Ltd
- National Solar System
- Egphil Solar Solutions
- Vista Eco Solutions
- Gulf Batteries Co Ltd
- SunPower Corporation
- Jinko Solar Holding Co. Ltd.
- ACWA Power
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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