Press release
Middle East & Africa Solar Photovoltaic (PV) Market 2022: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028
Middle East & Africa Solar Photovoltaic (PV) Market
New study report" Middle East & Africa Solar Photovoltaic (PV) Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
At the beginning of a recently published report on the Middle East & Africa Solar Photovoltaic (PV) Market 2022-2028, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Middle East & Africa Solar Photovoltaic (PV) market.
The Middle East & Africa solar photovoltaic (PV) market size was USD 2.19 billion in 2020. The market is projected to grow from USD 3.47 billion in 2021 to USD 22.68 billion in 2028 at a CAGR of 30.8% in the 2022-2028 period.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2028. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Middle East & Africa Solar Photovoltaic (PV) market are revealed. The study of the Middle East & Africa Solar Photovoltaic (PV) market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2028.
Key Industry Development:
April 2021: Saudi Arabia contracted a novel power buying agreement for seven new solar power plans. The fresh developments in the country will consist of a capacity of nearly 3600 MW. The accomplishment of this mission will provide electricity to roughly 6 00,000 households in the country.
Request For Sample PDF @ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/middle-east-africa-solar-photovoltaic-pv-market-105691
List of Key Players Covered in the Middle East & Africa Solar Photovoltaic (PV) Market Report:
A.R.E Group
SARL Algerian PV Company
Aton Enerji
Aures Solaire
Aurasol
Copex Solar
Cleanergy
DuSol Industries
Emirates Insolaire
Specialized Battery Systems
Genergy
Asunim Solar
Sinetech (PTY) Ltd.
Seraphim Solar
Jetion Solar
COVID-19 Impact:
COVID-19 Outbreak Regulations to Hinder Market Growth in MEA
The global health crisis triggered by the spread of the COVID-19 pandemic resulted in an adverse impact on almost every sector and industry. The Middle East & Africa solar photovoltaic (PV) industry is greatly reliant on imports from other countries and also technical workforce, which mostly comes from EPC contractors. With the national lockdowns announced and the absence of workers, the investment movement for solar in the Middle East is likely to observe a collapse with a postponement in distribution time for current schemes. In accordance with the Arab Petroleum Investments Corporation (APICORP), the energy investments in the MENA region as expected to fall by USD 73 billion between 2020 and 2024. Moreover, like other nations, the Middle East countries too observed an extensive reduction in solar energy installation volume in comparison to the prior year.
Inquire Before Buying @ https://www.fortunebusinessinsights.com/enquiry/queries/middle-east-africa-solar-photovoltaic-pv-market-105691
Method of Research:
Fail-safe, modern research methodologies are employed for the Middle East & Africa Solar Photovoltaic (PV) market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Drivers and Restraints:
Rising Government Practices to Maximize Energy from Solar Set to Aid Market Growth
The world has made major changes, such as the shift from fossil fuels to renewable energy sources. The identical structure has been observed in the Middle East & Africa solar photovoltaic (PV) industry with energy requirement for renewables growing and governments concentrating on obtaining extreme conceivable energy from these sources. The governments in the region aim to endorse solar at a distinct level and are also planning to offer enticements and aids to people to decrease the usage of fossil fuels.
For instance, in UAE, according to the small-scale solar PV Energy Netting Regulation sanctioned in Abu Dhabi in 2017, holders of the solar PV panels are indebted to be accredited for any excess production beyond use in their properties. This guideline is applicable to proprietors, manufacturers, supply companies, approved contractors, or other people involved in the association of small-scale PV systems to the circulation system or distribution firms. This is expected to thrust the Middle East & Africa solar photovoltaic (PV) market growth in the foreseeable future.
Market Segmentation:
On the basis of technology, the Middle East & Africa solar PV market is categorized into monocrystalline silicon, thin-film, multicrystalline silicon, and others. Amongst all the obtainable technologies, multicrystalline silicon solar panels hold supreme efficacy. Long operational life is the other chief feature that has been steering their adoption over the last few years. It procured 55.3% in terms of share in 2020.
By installation, the market is classified into ground-mounted, rooftop, and others. Based on grid type, the market is segregated into on-grid and off-grid. By application, the market is divided into utilities, residential and non-residential.
Regional Insights:
Surging Dependence on Solar Power Systems in U.A.E., Algeria, and Egypt to Bolster Growth
The regional market size was worth USD 9.85 billion in 2019. The market is being carefully observed in several nations such as UAE, Egypt, South Africa, Saudi Arabia, Oman, Iraq, Ghana, Tunisia, Namibia, Algeria, Nigeria, and the other parts of MEA. At present, United Arab Emirates (UAE), South Africa, Egypt, and Algeria are the nations in the region that have perceived an augmentation in solar power systems over the past years.
Extensive funding by numerous companies to build novel solar structures to regularly supply power to countless commercial and industrial segments is prepared to upgrade the electricity production technology blend in this region. The lack of electricity in several African countries is a major source of encouragement for investors to invest in such solar projects. For example, as per the data provided by the World Bank as of July 2020, considerably economically contributing nations such as Nigeria and Kenya have a mere 56.5% and 75% of the total population with admission to electricity as of the year 2018, respectively. This factor would propel the Middle East and Africa solar photovoltaic (PV) industry.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
North America Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
Europe Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
Asia Pacific Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
Middle East and Africa Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
Latin America Middle East & Africa Solar Photovoltaic (PV) Market Analysis, Insights and Forecast, 2022-2028
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
Quick Buy Now @ https://www.fortunebusinessinsights.com/checkout-page/105691
Contact Us:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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 Middle East & Africa Solar Photovoltaic (PV) Market 2022: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028 here
News-ID: 2572484 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Africa
ONShine Africa Awareness Expands Through ONSAFX and Develop Africa Partnership
ONSA FX, a forex broker licensed by South Africa's Financial Sector Conduct Authority (FSCA), is extending its social impact through a strategic partnership with Develop Africa, under the umbrella of its social responsibility platform, ONShine Africa. This collaboration focuses on delivering critical educational support to children across Africa and reinforcing ONSA FX's commitment to sustainable development through long-term, values-based initiatives.
Develop Africa is a respected nonprofit organization founded in 2006 with…
Zetu Africa: Designing a Sustainable Future for Education Across Africa
In the heart of Kampala, Uganda, lies a bustling hub of creativity and purpose: Zetu Africa [https://www.zetuafrica.org/]. This award-winning design company has garnered acclaim not only for its stunning products but also for its unwavering commitment to social and environmental impact. At the core of Zetu's ethos is the belief that design can be a powerful force for positive change, and this belief is reflected in everything they do.
Image: https://www.abnewswire.com/uploads/83a984ca8ea183848376ae0ab0fea376.jpg
The…
Buildexpo Africa – Largest building and construction exhibition returns to Eas …
Buildexpo Africa is the only show with the widest range of the latest technology in building material, mining machines, construction machinery and heavy equipment. At the latest edition of Buildexpo, East Africa's largest building and construction fair, we bring you exhibitors from over 40 countries who are the finest in infrastructure development.
Find what suits you best from about 14.3 million business prospects during the three-day event, with over 10,000 products,…
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of…
Wellness Tourism Market 2019 Future Growth with Worldwide Players: Africawellnes …
Wellness Tourism Market 2019 Industry Research Report provides a detailed Global Wellness Tourism Industry overview along with the analysis of industry’s favorable growth opportunities, the advent of flexible packaging is likely to dampen the market’s growth to an extent. Nevertheless, the increasing number of manufacturers, high demand for management applications, growth of residential & commercial sector and superior strength & corrosion resistance property.
Get Sample Copy of this Report -https://www.orianresearch.com/request-sample/904685
Market Overview:…
Vizocom Selects iSAT Africa as Its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions.
Sharjah, UAE, March 02, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and…
