Middle East & Africa Perovskite Solar Cell Market Size & Outlook
The perovskite solar cell market in Middle East & Africa is expected to reach a projected revenue of US$ 106.0 million by 2030. A compound annual growth rate of 70.9% is expected of Middle East & Africa perovskite solar cell market from 2025 to 2030.
Revenue, 2024 (US$M)
$4.1
Forecast, 2030 (US$M)
$106.0
CAGR, 2025 - 2030
70.9%
Report Coverage
Middle East & Africa
Related Markets
MEA perovskite solar cell market highlights
- The MEA perovskite solar cell market generated a revenue of USD 4.1 million in 2024.
- The market is expected to grow at a CAGR of 70.9% from 2025 to 2030.
- In terms of segment, utility was the largest revenue generating vertical in 2024.
- Residential is the most lucrative vertical segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 4.1 million |
| Market revenue in 2030 | USD 106.0 million |
| Growth rate | 70.9% (CAGR from 2025 to 2030) |
| Largest segment | Utility |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace & Defense, Industrial, Commercial, Residential, Utility |
| Key market players worldwide | Energy Metals Ltd, Takeda Pharmaceutical Co Ltd, Oxford PV, Panasonic Holdings Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.6% of the global perovskite solar cell market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,225.9 million by 2030.
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Perovskite Solar Cell Market Scope
Perovskite solar cell market segmentation & scope
Perovskite Solar Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Energy Materials Corporation | View profile | 11-50 | Rochester, New York, United States, North America | http://www.enmatcorp.com/ |
| Frontier Energy | View profile | 101-250 | Oakland, California, United States, North America | https://frontierenergy.com/ |
| G24 Power | View profile | 101-250 | Newport, Newport, United Kingdom, Europe | http://gcell.com/ |
| Greatcell Solar | View profile | 51-100 | Queanbeyan, New South Wales, Australia, Oceania | http://www.greatcellsolar.com/ |
| Microquanta | View profile | 101-250 | Hangzhou, Zhejiang, China, Asia | http://www.microquanta.com/ |
| Alfa Aesar | View profile | 501-1000 | Haverhill, Massachusetts, United States, North America | http://www.alfa.com/ |
| Oxford PV | View profile | 51-100 | Oxford, Oxfordshire, United Kingdom, Europe | http://www.oxfordpv.com/ |
| Energy Metals Ltd | View profile | - | 5 Ord Street, Level 2, West Perth, WA, Australia, 6005 | https://www.energymetals.net |
| Takeda Pharmaceutical Co Ltd | View profile | 49095 | 1-1, Nihonbashi-Honcho 2-Chome, Chuo-ku, Tokyo, Japan, 103-8668 | https://www.takeda.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
MEA perovskite solar cell market size, by country, 2018-2030 (US$M)
Middle East & Africa Perovskite Solar Cell Market Outlook Share, 2024 & 2030 (US$M)
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