Jul 4, 2018 SOURCE: BusinessWire

Saudi Arabia Solar Panel Market Analysis & Forecasts 2018-2024, With an Expected CAGR of 30.2% - ResearchAndMarkets.com

The "Saudi Arabia Solar Panel Market (2018-2024): Market Forecast by Types, by Applications, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia Solar Panel market revenues are projected to grow at a CAGR of 30.2% during 2018-24.

Saudi Arabia is one of the major consumers of solar panels in the Middle East region. Growth in Saudi Arabia solar panel market is buoyed by factors such as growing energy demand and shifting focus towards non oil sectors. Additionally, the Saudi government aims to increase the share of cleaner fuel in the country's power generation capacity. Solar panel market in Saudi Arabia would surge on account of growing investment in the renewable energy sector of which major share would go into solar energy.

Saudi Arabia is likely to ramp up spending on the renewable energy sector. Spending on solar energy is growing tremendously over the past few years. For instance, Saudi Arabia has signed a memorandum of understanding (MoU) with SoftBank Group to build world largest solar project of 200 GW worth $200 Billion by 2030, which would positively impact the solar panel market in coming years.

Amongst all types, polycrystalline solar panel captured the significant share of the market and is expected to maintain market leadership over the forecast period as well. Commercial application was the key revenue generating application followed by Power Utility application in Saudi Arabia Solar Panel market.

Companies Mentioned

Canadian Solar Middle East Limited
Desert Technologies
First Solar International Middle East FZ-LLC
Green Technology Company
Hanwha Q CELLS Co., Ltd.
Jinko Solar
Solar Frontier K.K
SunPower
Trina Solar Middle East Ltd
Yingli Green Energy Holding Co., Ltd.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Saudi Arabia Solar Panel Market Overview

4. Saudi Arabia Solar Panel Market Dynamics

5. Saudi Arabia Solar Panel Market Trends

6. Saudi Arabia Solar Panel Market Overview, By Types

7. Saudi Arabia Solar Panel Market Overview, By Applications

8. Saudi Arabia Solar Panel Market Overview, By Regions

9. Upcoming Solar Projects In Saudi Arabia

10. Saudi Arabia Solar Panel Market - Key Performance Indicators

11. Saudi Arabia Solar Panel Market Opportunity Assessment

12. Saudi Arabia Solar Panel Market Competitive Landscape

13. Company Profiles

14. Strategic Recommendations

15. Disclaimer