Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market report comprehensively covers the market by end-user and model type. Saudi Arabia Solar PV distributed generation market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics
Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Synopsis
Saudi Arabia solar PV commercial & industrial distributed generation market witnessed decent growth in the year 2018 and 2019 on the back of government initiatives such as ‘Vision 2030’ and ‘Green Initiative’ through which government aims at reducing dependency on oil and increasing the share of renewable energy in the overall energy mix. However, the outbreak of the Covid-19 pandemic caused disruption in the supply chain as well as imports, which created a shortage of component supply, leading to a halt in commercial and industrial solar PV project installations in the country. Furthermore, Saudi Arabia is in the process of restructuring the power sector and making a shift towards renewables, and hence, it would drive the Saudi Arabia solar PV commercial & industrial distributed generation market.
According to the analyst, Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market size is projected to grow at a CAGR of 35.2% during 2022-2028. Among the end-users industrial acquired the highest share in the solar PV distributed generation market with high application in the food & beverage industry and oil & gas sector as a measure to decarbonize the industry’s operations and supply chains, whereas the commercial sector exhibited slower growth due to low availability of rooftop spaces requires for setting up of solar PV DG plant. Moreover, the government scheme ‘Mutjadeda’ for financing commercial and industrial PV installation would also act as a catalyst for the solar PV distributed generation market in Saudi Arabia.
Market by Model types
By models, PPA acquired a higher share in the solar PV distributed generation market owing to higher adoption in the industrial sector due to the model’s favourability that enables easy payment terms, furthermore, rise in industrial electricity tariffs would further drive the demand the PPA model in Saudi Arabia.
Market by End-user
By end user, the industrial segment accounted for the highest share in the Saudi solar PV distribution generation market on account of high installation in the F&B industry, desalinization, and oil & gas sector in the anticipation of favorable policies towards solar energy and energy price rise. Adoption in the commercial sector is expected to remain low due to low availability of space that is required for setting up solar PV distributed generation systems.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- Historical Data Starting from 2018 to 2028.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
Key Highlights of the Report
- Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Overview
- Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Outlook
- Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Forecast
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By End User, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Commercial, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Industrial, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Model, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By PPA, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By EPC, for the Period 2018-2028F
- Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Share, By Market Players
- Market Drivers and Restraints
- Competitive Benchmarking
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments
By End-user
- Commercial
- Retail
- Government Institutions
- Industrial
- Oil & Gas
- Food & Beverage
- Water and Wastewater Treatment
- Others
By Model Type
- EPC
- PPA
Table of Contents
1. Executive Summary
2. Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Saudi Arabia Solar PV Distributed Generation Market Overview
3.1 Saudi Arabia Solar PV Distributed Generation Market, 2018-2028F
3.2 Saudi Arabia Solar PV Distributed Generation Market Industry Life Cycle
3.3 Saudi Arabia Solar PV Distributed Generation Market Porter’s Five Forces Model
4. Impact Analysis of Covid-19 on Saudi Arabia Solar PV Market
5. Saudi Arabia Solar PV Distributed Generation Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Saudi Arabia Solar PV Distributed Generation Market Overview, By End Users
6.1.1 Saudi Arabia Solar PV Distributed Generation Market and Market Share, By Commercial Segment
6.1.1.1 Saudi Arabia Solar PV Distributed Generation Market, By Retail, 2018-2028F
6.1.1.2 Saudi Arabia Solar PV Distributed Generation Market, By Government Establishments, 2018-2028F
6.1.1.3 Saudi Arabia Solar PV Distributed Generation Market, By Others, 2021-2028F
6.1.2 Saudi Arabia Solar PV Distributed Generation Market and Market Share, By Industrial Segment
6.1.2.1 Saudi Arabia Solar PV Distributed Generation Market, By Oil & Gas, 2018-2028F
6.1.2.2 Saudi Arabia Solar PV Distributed Generation Market, By Food & Beverage, 2018-2028F
6.1.2.3 Saudi Arabia Solar PV Distributed Generation Market, By Water & Wastewater Treatment (WWT), 2018-2028F
6.1.2.4 Saudi Arabia Solar PV Distributed Generation Market, By Others, 2018-2028F
7. Saudi Arabia Solar PV Distributed Generation Market Overview, By Model
7.1 Saudi Arabia Solar PV Distributed Generation Market Share, By Model, 2021 & 2028F
7.1.1 Power Purchase Agreement (PPA) Model Market, 2018-2028F
7.1.2 Engineering, Procurement, and Construction (EPC) Model Market, 2018-2028F
8. Saudi Arabia Solar PV Distributed Generation Market - Key Performance Indicators
9. Saudi Arabia Solar PV Distributed Generation Market - Opportunity Assessment
9.1 Saudi Arabia Solar PV Distributed Generation Market Opportunity Assessment, By End User, 2028F
9.2 Saudi Arabia Solar PV Distributed Generation Market Opportunity Assessment, By Model, 2028F
10. Saudi Arabia Solar PV Distributed Generation Market - Competitive Landscape
10.1 Saudi Arabia Solar PV Distributed Generation Market Share Ranking, 2021
10.2 Saudi Arabia Solar PV Distributed Generation Market Key Companies Competitive Benchmarking, By Operating Parameters
11. Company Profiles
11.1 ENGIE Solutions Company Limited
11.2 Ethraa
11.3 Alfanar
11.4 Desert Technologies
11.5 Haala Energy
11.6 National Solar Systems (NSS)
11.7 SAFEER
11.8 Sun & Life
11.9 Sun Capture
11.1 IROLLI
12. Key Strategic Recommendations
13. Disclaimer
List of Figures
Figure 1: Saudi Arabia Solar PV Distributed Generation Market Installed Capacity, 2018-2028F (Megawatts)
Figure 2: Saudi Arabia Renewable Energy Targets, 2023-2030F
Figure 3: Saudi Arabia Electric Power Generation, By Fuel, 2021
Figure 4: Saudi Arabia Power Generation Capacity Through Renewable Energy, 2020-2030F (% Of Total Power Generation)
Figure 5: Saudi Arabia Food Processing Market, USD Billion, 2019 & 2025F
Figure 6: Saudi Aramco Oil Production Targets. Million Barrels, 2020 & 2027F
Figure 7: Capital Investment In Oil & Gas Sector, USD Billion, 2021 & 2022E
Figure 8: Increase In Net Profit Of Saudi Aramco In 2021, USD Billion
Figure 9: Saudi Arabia’s Contribution In Temperature Rise By 2030, Degree Celsius
Figure 10: Saudi Arabia Solar PV Distributed Generation Market Share, By End User, 2021 & 2028F
Figure 11: Saudi Arabia Solar PV Distributed Generation Market Share, By Commercial segment, 2021 & 2028F
Figure 12: Saudi Arabia Solar PV Distributed Generation Market Share, By Industrial, 2021 & 2028F
Figure 13: Saudi Arabia Solar PV Distributed Generation Market Share, By Model, 2021 & 2028F
Figure 14: PIF Growth In Assets Under Management, USD Billion, 2015-2020
Figure 15: Saudi Arabia Solar PV Distributed Generation Market Opportunity Assessment, By End User, 2028F
Figure 16: Saudi Arabia Solar PV Distributed Generation Market Opportunity Assessment, By Model Types, 2028F
Figure 17: Saudi Arabia Solar PV Distributed Generation Market Share, By Companies, 2021
List of Tables
Table 1: Saudi Arabia Solar PV Distributed Generation Market, By End User, 2018-2028F (Megawatts)
Table 2: Saudi Arabia Solar PV Distributed Generation Market, By Commercial Segment, 2018-2028F (Megawatts)
Table 3: Saudi Arabia Solar PV Distributed Generation Market, By Industrial Segment, 2018-2028F (Megawatts)
Table 4: Saudi Arabia Solar PV Distributed Generation Market, By Model, 2018-2028F (Megawatts)
Companies Mentioned
- Alfanar
- Desert Technologies
- ENGIE Solutions Company Limited
- Ethraa
- Haala Energy
- IROLLI
- National Solar Systems (NSS)
- SAFEER
- Sun & Life
- Sun Capture
