Saudi Arabia Solar Photovolatic (PV) Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast – 2020

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

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.

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.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Saudi Arabia Solar Photovolatic (PV) Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast – 2020

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.

Thin Film Segment Projected to Witness a Sturdy Growth
Thin-film segment acquired the majority market share in 2019 since the thin-film segment is made from non-silicon materials which are known as second-generation solar cells. Thin film is also preferred as it is flexible, thin-film solar cells can double as rooftop shingles and tiles. Solar PV is a technology that is extensively used to produce electricity without moving parts as stated in the MarkNtel Advisors’ research report “Saudi Arabia Solar Photovoltaic (PV) Market Analysis, 2020”.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Saudi Arabia Solar Photovolatic (PV) Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast – 2020

Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Saudi Arabia Solar Photovoltaic (PV) market include 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.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Saudi Arabia Solar Photovoltaic (PV) Market?
2. What is the country wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Saudi Arabia Solar Photovoltaic (PV) Market?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary
3. Impact of COVID-19 in Saudi Arabia Photovoltaic (PV) Market
4. Saudi Arabia Solar Industry Overview
4.1. Strategic Framework
4.2. Initiatives Timeline
4.3. New Energy Master Plan
4.3.1. Future of Solar Energy in Saudi Arabia

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Christophe Rude
Christophe Rude
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