Press release
Saudi Arabia Solar Panel Market (2018-2024)-6Wresearch
Saudi Arabia Solar Panel Market (2018-2024)-6Wresearch
The solar panel market is at the nascent stage in Saudi Arabia. Several upcoming infrastructure projects in the country along with increasing on-grid power tariffs are expected to drive the demand for solar panels in Saudi Arabia over the coming years. Additionally, construction activities in the commercial, industrial, government and residential sectors are expected to further fuel the demand for solar panels in the region. Moreover, to reduce the current fiscal deficit and to increase the non-oil based revenues of the Kingdom, the government is planning to invest heavily in renewable energy sources such as solar and wind energy.
According to 6Wresearch, Saudi Arabia Solar Panel Market revenues are projected to grow at a CAGR of 30.2% during 2018-24. Upcoming projects such as $200 billion 200 GW solar power plant and the $130 million Al-Khafji solar powered water desalination plant would increase the demand for solar panels in the Kingdom. Additionally, in the FY2019 national budget, the Saudi government has allocated $7 billion for the development of renewable energy projects. This significant spending on renewable energy projects would also drive the growth of the solar panel market in Saudi Arabia during the forecast period.
Explore Press Release : http://www.6wresearch.com/press-releases/saudi-arabia-solar-panel-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html
According to Ravi Bhandari, Assistant Manager Research and Consulting, 6Wresearch, "Polycrystalline Solar Panel is the key revenue generating segment in the overall Saudi Arabia solar panel market on account of their affordable prices and thus high utilization across several projects."
"Other major segments include monocrystalline and thin-film solar panels. Monocrystalline solar panels have a higher power efficiency than their polycrystalline counterparts. As a result, their market is expected to grow significantly in the years to come," Ravi further added.
According to Devesh Kumar, Research Associate, Research and Consulting, 6Wresearch, "By regions, the Central region holds the highest revenue share in the overall Saudi Arabia Solar Panel Market and is projected to maintain its dominance during the forecast period as well on the back of several upcoming projects such as Sakaka 300 MW Solar Project and Duba-1 Integrated Solar Combined Cycle Plant Project."
"With leading players enlarging their fleets through new and innovative products and due to declining prices of solar panels, the market for solar panels in the Kingdom would grow at a healthy rate over the next six years," Devesh further added.
Some of the major companies in Saudi Arabia Solar Panel Market include- Gtek Solar, Desert Technologies, Canadian Solar, Solar Frontier and Jinko Solar.
Saudi Arabia Solar Panel Market (2018-2024) provides in-depth analysis with 47 figures and 15 tables covered in more than 120 pages. The report estimates and forecast the overall Saudi Arabia Solar Panel Market by types, end-user applications and regions. The report also offer insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers, high growth areas and restraints which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/saudi-arabia-solar-panel-market-2018-2024-forecast-by-types-monocrystalline-polycrystalline-thin-film-applications-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Email sales@6wresearch.com
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Solar Panel Market (2018-2024)-6Wresearch here
News-ID: 1093141 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Qatar 3D Printing Market Is Projected To Grow At A CAGR Of 19.6% During 2021-202 …
The fused deposition modelling printer acquired majority revenue and volume share in the year 2020– 6WResearch
3D Printer market is mainly import driven in Qatar and major importing partners are Italy and China. Qatar government is promoting 3D technological development in the country. Thus, there’s no value added tax imposition on import of 3D printers, only general duty is implied which would boost the adoption rate of 3D printers in the…
India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above…
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country.
According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during…
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary
WiseGuyReports.com adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.
This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
