The increasing environmental concerns and strong government initiatives, advancements in technology and design are making solar PV systems more reliable, efficient, and cost-effective, driving the growth of Solar Photovoltaic (PV) Commercial and Industrial Distributed Generation Market. Furthermore, distributed solar PV systems increase energy security by providing backup power during outages and reducing the risk of grid disruptions which helps in market expansion. Saudi Arabia is a rapidly growing market for solar PVs in Middle East region. Middle East solar PV market was estimated at USD 2.66 Bn in 2022 and is expected to grow to USD 17.32 Bn in 2030 growing at a CAGR of 30.69% during the forecast period.
Additionally, solar PV helps commercial and industrial players in lowering their energy costs and making long-term financial savings in the long run as solar energy is becoming increasingly cost-competitive and efficient. Also, by adopting solar options, companies can demonstrate their commitment to sustainability and environmental stewardship, which can help build their brand and enhance their reputation among customers and stakeholders. Furthermore, the adoption of solar energy provides energy independence to industry owners, reducing reliance on traditional power sources.
Download Free Sample Report@ https://www.marketsandata.com/industry-reports/saudi-arabia-solar-pv-commercial-and-industrial-distributed-generation-market/sample-request
Rising Environmental Concerns Contributes to Market Growth
Saudi Arabia is a signatory to the Paris Agreement and has committed to reducing its carbon emissions, due to which the nation focus on environmental concerns. Developing its solar PV industry is one way the country is aiming to reduce its carbon footprint and meet its climate targets. Moreover, by growing its renewable energy industry, Saudi Arabia focus on enhancing its energy security and reducing its vulnerability to supply disruptions and price volatility in the global oil market.
Government Initiatives Propelled the Market Growth
According to the Ministry of Industry and Natural Resources, Saudi Arabia has launched a new programme to support renewable energy projects and reduce its reliance on crude oil. Moreover, the Ministry would provide tax breaks and other incentives to businesses that create renewable energy.
The Kingdom of Saudi Arabia plans to produce 50 percent of its electricity from renewable sources by 2030. In March 2022, a power purchase agreement (PPA) was signed by ACWA Power and the Saudi Power Procurement Corporation (SPPC) to build the 700 MW Ar Rass solar PV independent power plant (IPP) in the Al Qassim area of Saudi Arabia.
Market Drivers
- Government Initiatives: The Saudi government's commitment to renewable energy, evidenced by initiatives like the National Renewable Energy Program (NREP), provides a conducive environment for solar PV deployment.
- Cost Reductions: Declining costs of solar PV technology, driven by technological advancements and economies of scale, have made solar energy increasingly competitive with traditional fossil fuels.
- Energy Security: Solar PV offers businesses in Saudi Arabia greater energy security by reducing reliance on imported fossil fuels, mitigating the impact of fluctuating oil prices.
- Corporate Sustainability: Many C&I entities in Saudi Arabia are embracing solar PV as part of their corporate sustainability strategies, driven by consumer demand for environmentally responsible practices.
Impact of COVID-19
The COVID-19 outbreak caused the government to enact strict lockdown measures, which led to the temporary shutdown of several solar PV production facilities. The pandemic has caused supply chain disruptions which led to delays in the construction of solar PV systems, hence negatively impacting the growth. Additionally, the market faced economic crisis which resulted in a slowdown in project development and growth.
Impact of Russia-Ukraine War
Russia is one of the top oil producers in the world, thus disruptions in Russian oil shipments have caused an increase in oil prices. This has turned out to be advantageous for Saudi Arabia, as the Saudi Arabia is a significant oil producer too. However, the cost of electricity production from conventional sources is expected to increase, thereby making solar power a better choice for commercial and industrial sectors. Furthermore, the war has led to disruptions in the supply of natural gas to Europe, which may increase the demand for other sources of energy, including solar power. This could create opportunities for Saudi Arabia's solar industry to expand its market share in Europe.
Report Scope
“Saudi Arabia Solar PV Commercial and Industrial Distributed Generation Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current scenario of the solar PV commercial and industrial distributed generation market in Saudi Arabia, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Contact
Mr. Vivek Gupta
5741 Cleveland street,
Suite 120,
VA beach, VA,
USA 23462
Tel: +1 (757) 343-3258
Email: [email protected]
Website: https://www.marketsandata.com/
This report studies the global Distributed Solar PV market status and forecast, categorizes the global Distributed Solar PV market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).Get Exclusive Sample of this Premium Report @ http://www.amecoresearch.com/sample/224222The major manufacturers covered in this reportIKEA SolarLightsource Renewable EnergySolarCitySunEdisonSunRunVivint SolarTrina SolarYingli Green EnergyCanadian SolarJinko SolarGeographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaBuy This Premium Report At Special Offer: http://www.amecoresearch.com/discount/224222 Single User Flat 10% Off|Multi-User Flat 15% OffWe can also provide the customized separate regional or country-level reports, for the following regions:North AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeRest of Asia-PacificEuropeGermanyFranceUKItalySpainRussiaRest of EuropeCentral & South AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaSaudi ArabiaTurkeyRest of Middle East & AfricaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoRooftop Solar PhotovoltaicGround PVOthersOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, includingCommercial UseHome UseAny question before placing an order or any customization required, please feel free to contact: Click HereFew Significant Points Table of ContentGlobal Distributed Solar PV Market Research Report 2020-20271 Distributed Solar PV Market Overview1.1 Product Overview and Scope of Distributed Solar PV1.2 Distributed Solar PV Segment by Type (Product Category)1.2.1 Global Distributed Solar PV Production and CAGR (%) Comparison by Type (Product Category)(2013-2025)1.2.2 Global Distributed Solar PV Production Market Share by Type (Product Category) in 20171.2.3 Rooftop Solar Photovoltaic1.2.3 Ground PVOthers1.3 Global Distributed Solar PV Segment by Application1.3.1 Distributed Solar PV Consumption (Sales) Comparison by Application (2013-2025)1.3.2 Commercial Use1.3.3 Home Use1.4 Global Distributed Solar PV Market by Region (2013-2025)1.4.1 Global Distributed Solar PV Market Size (Value) and CAGR (%) Comparison by Region (2013-2025)1.4.2 North America Status and Prospect (2013-2025)1.4.3 Europe Status and Prospect (2013-2025)1.4.4 China Status and Prospect (2013-2025)1.4.5 Japan Status and Prospect (2013-2025)1.4.6 Southeast Asia Status and Prospect (2013-2025)1.4.7 India Status and Prospect (2013-2025)1.5 Global Market Size (Value) of Distributed Solar PV (2013-2025)1.5.1 Global Distributed Solar PV Revenue Status and Outlook (2013-2025)1.5.2 Global Distributed Solar PV Capacity, Production Status and Outlook (2013-2025)2 Global Distributed Solar PV Market Competition by Manufacturers2.1 Global Distributed Solar PV Capacity, Production and Share by Manufacturers (2013-2018)2.1.1 Global Distributed Solar PV Capacity and Share by Manufacturers (2013-2018)2.1.2 Global Distributed Solar PV Production and Share by Manufacturers (2013-2018)2.2 Global Distributed Solar PV Revenue and Share by Manufacturers (2013-2018)2.3 Global Distributed Solar PV Average Price by Manufacturers (2013-2018)2.4 Manufacturers Distributed Solar PV Manufacturing Base Distribution, Sales Area and Product Type2.5 Distributed Solar PV Market Competitive Situation and Trends2.5.1 Distributed Solar PV Market Concentration Rate2.5.2 Distributed Solar PV Market Share of Top 3 and Top 5 Manufacturers2.5.3 Mergers & Acquisitions, Expansion3 Global Distributed Solar PV Capacity, Production, Revenue (Value) by Region (2013-2018)3.1 Global Distributed Solar PV Capacity and Market Share by Region (2013-2018)3.2 Global Distributed Solar PV Production and Market Share by Region (2013-2018)3.3 Global Distributed Solar PV Revenue (Value) and Market Share by Region (2013-2018)3.4 Global Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.5 North America Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.6 Europe Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.7 China Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.8 Japan Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.9 Southeast Asia Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)3.10 India Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)4 Global Distributed Solar PV Supply (Production), Consumption, Export, Import by Region (2013-2018)4.1 Global Distributed Solar PV Consumption by Region (2013-2018)4.2 North America Distributed Solar PV Production, Consumption, Export, Import (2013-2018)4.3 Europe Distributed Solar PV Production, Consumption, Export, Import (2013-2018)4.4 China Distributed Solar PV Production, Consumption, Export, Import (2013-2018)4.5 Japan Distributed Solar PV Production, Consumption, Export, Import (2013-2018)4.6 Southeast Asia Distributed Solar PV Production, Consumption, Export, Import (2013-2018)4.7 India Distributed Solar PV Production, Consumption, Export, Import (2013-2018)5 Global Distributed Solar PV Production, Revenue (Value), Price Trend by Type5.1 Global Distributed Solar PV Production and Market Share by Type (2013-2018)5.2 Global Distributed Solar PV Revenue and Market Share by Type (2013-2018)5.3 Global Distributed Solar PV Price by Type (2013-2018)5.4 Global Distributed Solar PV Production Growth by Type (2013-2018)6 Global Distributed Solar PV Market Analysis by Application6.1 Global Distributed Solar PV Consumption and Market Share by Application (2013-2018)6.2 Global Distributed Solar PV Consumption Growth Rate by Application (2013-2018)6.3 Market Drivers and Opportunities6.3.1 Potential Applications6.3.2 Emerging Markets/Countries7 Global Distributed Solar PV Manufacturers Profiles/Analysis7.1 IKEA Solar7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.1.2 Distributed Solar PV Product Category, Application and Specification7.1.2.1 Product A7.1.2.2 Product B7.1.3 IKEA Solar Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.1.4 Main Business/Business Overview7.2 Lightsource Renewable Energy7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.2.2 Distributed Solar PV Product Category, Application and Specification7.2.2.1 Product A7.2.2.2 Product B7.2.3 Lightsource Renewable Energy Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.2.4 Main Business/Business Overview7.3 SolarCity7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.3.2 Distributed Solar PV Product Category, Application and Specification7.3.2.1 Product A7.3.2.2 Product B7.3.3 SolarCity Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.3.4 Main Business/Business Overview7.4 SunEdison7.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.4.2 Distributed Solar PV Product Category, Application and Specification7.4.2.1 Product A7.4.2.2 Product B7.4.3 SunEdison Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.4.4 Main Business/Business Overview7.5 SunRun7.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.5.2 Distributed Solar PV Product Category, Application and Specification7.5.2.1 Product A7.5.2.2 Product B7.5.3 SunRun Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2015-2018)7.5.4 Main Business/Business Overview7.6 Vivint Solar7.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.6.2 Distributed Solar PV Product Category, Application and Specification7.6.2.1 Product A7.6.2.2 Product B7.6.3 Vivint Solar Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.6.4 Main Business/Business Overview7.7 Trina Solar7.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.7.2 Distributed Solar PV Product Category, Application and Specification7.7.2.1 Product A7.7.2.2 Product B7.7.3 Trina Solar Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.7.4 Main Business/Business Overview7.8 Yingli Green Energy7.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.8.2 Distributed Solar PV Product Category, Application and Specification7.8.2.1 Product A7.8.2.2 Product B7.8.3 Yingli Green Energy Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.8.4 Main Business/Business Overview7.9 Canadian Solar7.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.9.2 Distributed Solar PV Product Category, Application and Specification7.9.2.1 Product A7.9.2.2 Product B7.9.3 Canadian Solar Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.9.4 Main Business/Business Overview7.8 Jinko Solar7.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors7.10.2 Distributed Solar PV Product Category, Application and Specification7.10.2.1 Product A7.10.2.2 Product B7.10.3 Jinko Solar Distributed Solar PV Capacity, Production, Revenue, Price and Gross Margin (2013-2018)7.10.4 Main Business/Business Overview...Data is Ready Buy This Premium Report @ http://www.amecoresearch.com/buy/224222 About Us: Ameco Research is the one spot destination for all your research needs.
Ameco Research holds the repository of quality research reports from numerous publishers across the globe.
Our inventory of research reports caters to various industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.
With the complete information about the publishers and the industries they cater to for developing market research reports, we help our clients in making a purchase decision by understanding their requirements and suggesting best possible collection matching their needs.Contact:Website: www.amecoresearch.com Email: [email protected]| +1 407 915 4157Follow Us:-Linkedin:https://www.linkedin.com/company/ameco-researchTwitter:https://twitter.com/AmecoResearch
