Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market (2022-2028) | Size, Growth, Trends, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT

Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market report comprehensively covers the market by end user and model type. Saudi Arabia Solar PV distributed generation market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics 

Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Synopsis 

Saudi Arabia solar PV commercial & industrial distributed generation market witnessed decent growth in the year 2018 and 2019 on the back of government initiatives such as ‘Vision 2030’ and ‘Green Initiative’ through which government aims at reducing dependency on oil and increasing the share of renewable energy in the overall energy mix. However, the outbreak of the Covid-19 pandemic caused disruption in supply chain as well as imports, which created shortage of component supply, leading to a halt in commercial and industrial solar PV project installations in the country. Furthermore, Saudi Arabia is in the process of restructuring the power sector and making a shift towards renewables, and hence, it would drive the Saudi Arabia solar PV commercial & industrial distributed generation market. 

According to 6Wresearch, Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market size is projected to grow at a CAGR of 35.2% during 2022-2028. Among the end-users industrial acquired the highest share in the solar PV distributed generation market with high application in food & beverage industry and oil & gas sector as a measure to decarbonize the industry’s operations and supply chains, whereas commercial sector exhibited slower growth due to low availability of rooftop spaces requires for setting up of solar PV DG plant. Moreover, government scheme ‘Mutjadeda’ for financing commercial and industrial PV installation would also act as a catalyst for solar PV distributed generation market in Saudi Arabia.

Market by Model types

By models, PPA acquired higher share in the solar PV distributed generation market owing to higher adoption in the industrial sector due to the model’s favourability that enables easy payment terms, furthermore, rise in industrial electricity tariffs would further drive the demand of PPA model in Saudi Arabia. 

Market by End- user

By end user, industrial segment accounted for highest share in Saudi solar PV distribution generation market on account of high installation in F&B industry, desalinisation, and oil & gas sector in the anticipation of favourable policies towards solar energy and energy price rise. Adoption in the commercial sector is expected to remain low due to low availability of space that is required for setting up of solar PV distributed generation system.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report

• Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Overview
• Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Outlook
• Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Forecast
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By End User, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Commercial, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Industrial, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By Model, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By PPA, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market, By EPC, for the Period 2018-2028F
• Saudi Arabia Solar PV Commercial & Industrial Distributed Generation Market Share, By Market Players
• Market Drivers and Restraints
• Competitive Benchmarking
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments

By End-user

• Commercial 
• Retail
• Government Institutions
• Industrial
• Oil & Gas
• Food & Beverage
• Water and Wastewater Treatment 
• Others

By Model Type

• EPC
• PPA