Middle East & Africa Rooftop Solar Pv Market Size & Outlook
The rooftop solar pv market in Middle East & Africa is expected to reach a projected revenue of US$ 12.4 billion by 2027. A compound annual growth rate of 9.1% is expected of Middle East & Africa rooftop solar pv market from 2021 to 2027.
Revenue, 2020 (US$B)
$6.8
Forecast, 2027 (US$B)
$12.4
CAGR, 2021 - 2027
9%
Report Coverage
Middle East & Africa
Middle East & Africa rooftop solar pv market, 2016-2027 (US$B)
Related Markets
MEA rooftop solar pv market highlights
- The MEA rooftop solar pv market generated a revenue of USD 6.8 billion in 2020.
- The market is expected to grow at a CAGR of 9.1% from 2021 to 2027.
- In terms of segment, thin film was the largest revenue generating technology in 2020.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2021 to 2027.
MEA data book summary
| Market revenue in 2020 | USD 6.8 billion |
| Market revenue in 2027 | USD 12.4 billion |
| Growth rate | 9.1% (CAGR from 2020 to 2027) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Thin Film, Crystalline Silicon |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, SunPower Corp, Emeren Group Ltd ADR, First Solar Inc, Canadian Solar Inc, Hanwha |
Other key industry trends
- In terms of revenue, MEA region accounted for 13.5% of the global rooftop solar pv market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- MEA is the fastest growing regional market and is projected to reach USD 12.4 billion by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Rooftop Solar PV Market Scope
Rooftop solar pv market segmentation & scope
Rooftop Solar PV Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
MEA rooftop solar pv market size, by country, 2016-2027 (US$B)
Middle East & Africa Rooftop Solar PV Market Outlook Share, 2020 & 2027 (US$B)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
