Saudi Arabia PV cells market is expected
to grow at a CAGR of around 12% during the forecast period. The growing shift
towards the use of renewable forms of energy and supportive government policies
are the key factors driving the Saudi Arabia PV cells market.
improved performance efficiency and reduced manufacturing costs of the PV cells
is further expected to propel the market during the next five years.
Arabia PV cells market is segmented based on type, product type, end use, region
and company. Based on type,
the market can be bifurcated into organic and inorganic. The organic solar cells are expected
to dominate the market since they are available at low costs and are more
efficient than the inorganic counterparts. Based on product type, the market
can be fragmented into thin film, monocrystalline and poly crystalline. The
thin film solar cells dominate the market owing to their growing use for
commercial and residential applications. Additionally, these cells produce
low-cost electricity by absorbing sunlight at nearly the ideal wavelength. Furthermore,
flexibility and transparency associated with these cells are further expected
to drive their demand during the forecast period. Based on end use, the market
can be categorized into residential, commercial and utility scale. The
residential segment holds significant market share on account of rising
population in line with positive consumer outlook towards deployment of solar
technology. Additionally, growing lifestyle coupled with rising awareness about
climate change across consumers positively drives the market.
The major players
operating in the PV cells market are Canadian
Solar Middle East Limited, Desert Technologies, First
Solar International Middle East FZ-LLC, Green Technology Company (GTek Solar), Hanwha
Q CELLS Co., Ltd., Jinko Solar, Solar Frontier K.K, SunPower, Trina Solar
Middle East Ltd, Yingli Green Energy Holding Co., Ltd. and others. Major companies are developing
advanced technologies and launching new products in order to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new product developments.
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of Saudi Arabia PV cells market.
- To classify and forecast Saudi Arabia PV cells market based on type,
product type, end use, and company and regional distribution.
- To identify drivers and challenges for Saudi Arabia PV cells market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Saudi Arabia PV cells
- To conduct pricing analysis for Saudi Arabia PV cells market.
- To identify and analyze the profile of leading players operating in
Saudi Arabia PV cells market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the country. 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 manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers, distribution channels and presence of all major players across
Research calculated the market size of Saudi Arabia PV cells market by using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- PV cells manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, Saudi Arabia PV cells market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Type:
- Market, By Product Type:
- Market, By End Use:
o Utility Scale
- Market, By Regions:
- Western Region
- Eastern Region
- Central Region
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia PV cells market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
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- Detailed analysis and profiling of
additional market players (up to five).