Saudi Arabia Concentrated Photovoltaic (CPV) Market is anticipated to grow at a high CAGR by 2023, owing to the rising government initiatives for reducing the dependence on fossil fuels for power generation. Saudi-Arabia is dependent on fossil fuels such as coal and oil for power generation and the government is now trying to shift towards cleaner energy sources to avoid the depleting oil wells. Moreover, more and more domestic as well as international players are trying to enter the solar power in Saudi Arabia. Increasing competition in the market is also expected to have a positive impact on the growth of the market. Additionally, government support in the form of favourable policies, subsidies and tax incentives are expected have a significant positive impact on the market in the next five years. Factors such as better grid penetration, lower capital equipment required for CPV and widespread adoption of High CPV for large-scale power generation will drive the growth of the market in Saudi Arabia from 2019-2023. Moreover, the growing use of Fresnel lens to obtain maximum efficiency in combination with HCPV will ensure robust growth during the forecast period. Based on the application, the utility segment is expected to lead the market in the next five years, due to reduction in CPV prices, which has led to adoption of CPV over PV by manufactures.


Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyse and forecast the market size of Saudi Arabia Concentrated Photovoltaic Market, in terms of volume and value.
  • To classify and forecast Saudi Arabia Concentrated Photovoltaic based on product, concentrations, applications and regional distribution.
  • To identify drivers and challenges for Saudi Arabia Concentrated Photovoltaic Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Concentrated Photovoltaic Market.
  • To conduct the pricing analysis for Saudi Arabia Concentrated Photovoltaic Market.
  • To identify and analyse the profile of leading service providers involved in the Saudi Arabia Concentrated Photovoltaic Market.

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Some of the leading players in the Saudi Arabia Concentrated Photovoltaic Market are Amonix, Isofoton S.A., Magpower, Ravano Green Powers, Semprius Inc., Soitec, Solar Junction, Solarsystem, Suncore Photovoltaic Technology Co. Ltd, Sunpower Corporation etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers in Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the distribution channels and presence of all major service providers in Saudi Arabia.

TechSci Research calculated the market size of Saudi Arabia Concentrated Photovoltaic Market using a bottom-up approach, where value data for power line were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Manufacturers
  • Power Generation Companies
  • Dealers and suppliers
  • Mineral oil companies
  • Environmental and industrial associations
  • Research organizations and consulting companies.
  • Government Institutions.
  • Market research and consulting firms.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia Concentrated Photovoltaic Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Product:
    • Reflectors
    • Refractors
  • Market, By Concentration:
    • High Concentration Photovoltaic
    • Low Concentration Photovoltaic
  • Market, By Application:
    • Commercial
    • Utility-Scale
    • Others
  • Market, by Region:
    • Northern Region
    • Southern Region
    • Eastern Region
    • Western Region
    • Central Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Concentrated Photovoltaic Market segment.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customers

4.1.  Product Pricing

4.2.  Product Quality

4.3.  Product After Sale Services

5.    Saudi Arabia Concentrated Photovoltaic Market Landscape

6.    Saudi Arabia Concentrated Photovoltaic Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Reflectors and Refractors)

6.2.2.     By Concentration (High Concentration Photovoltaic and Low Concentration Photovoltaic)

6.2.3.     By Application (Commercial, Utility-Scale and Others)

6.2.4.     By Company

6.2.5.     By Region

6.3.  Market Attractiveness Index

7.    Saudi Arabia High Concentration Photovoltaic Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.3.  Market Attractiveness Index

8.    Saudi Arabia Low Concentration Photovoltaic Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Application

8.3.  Market Attractiveness Index

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Supply Chain Analysis

12.  Policy & Regulatory

13.  Saudi Arabia Economic Profile

14.  Competitive Landscape

15. Strategic Recommendations