Egypt Solar Pv Panels Market Size & Outlook, 2023-2030
Egypt solar pv panels market, 2018-2030 (US$M)
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Egypt solar pv panels market highlights
- The Egypt solar pv panels market generated a revenue of USD 568.7 million in 2023 and is expected to reach USD 771.2 million by 2030.
- The Egypt market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, thin film was the largest revenue generating technology in 2023.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
Solar pv panels market data book summary
| Market revenue in 2023 | USD 568.7 million |
| Market revenue in 2030 | USD 771.2 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thin Film, Crystalline Silicon |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, Canadian Solar Inc, Hanwha, GCL Technology Holdings Ltd, First Solar Inc, SunPower Corp |
Other key industry trends
- In terms of revenue, Egypt accounted for 0.3% of the global solar pv panels market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE solar pv panels market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 771.2 million by 2030.
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Solar PV Panels Market Scope
Solar PV Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Egypt solar pv panels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar pv panels market will help companies and investors design strategic landscapes.
Thin film was the largest segment with a revenue share of 45.96% in 2023. Horizon Databook has segmented the Egypt solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.
The falling prices and increasing installation of photovoltaic modules are expected to drive the market. However, the increasing adoption of alternative renewable technologies, such as wind and hydro, is expected to curb the market growth.
For instance, in October 2021, Globeleq, an independent power company in Africa, completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt. These factors are likely to propel the growth of the solar PV panels market in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Egypt solar pv panels market , including forecasts for subscribers. This country databook contains high-level insights into Egypt solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Egypt solar pv panels market size, by technology, 2018-2030 (US$M)
Egypt Solar PV Panels Market Outlook Share, 2023 & 2030 (US$M)
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