GCC Solar Panel Market by Type (Crystal Silicon, Monocrystalline Silicon, Polycrystalline Silicon, Thin Film and Others) and End-Use (Residential, Commercial and Industrial): Industry Analysis, Trends, Growth and Forecast 2023-2028

GCC Solar Panel Market Overview:

The GCC Solar Panel Market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Solar panel, also known as a photovoltaic (PV), is a device that converts ultraviolet (UV) radiations into electricity. It comprises solar cells that are manufactured using silicon, phosphorus, and boron and are arranged into a grid pattern. It is an inexpensive source of electricity that requires less maintenance and offers a clean and renewable source of energy. It is easy to operate, lowers energy bills, and prevents greenhouse gas (GHG) emissions. As the solar panel is widely utilized in remote power systems for cabins, telecommunications equipment, remote sensing and the production of electricity for the residential and commercial sectors, the demand for solar panels is rising in the GCC region.    

At present, the increasing installation of solar panels in the residential sector on account of the rising dependence of consumer electronics represents one of the primary factors propelling the market growth in the GCC region. Besides this, the growing awareness among the masses about energy conservation due to the depletion of natural energy sources is offering a positive market outlook. Moreover, the increasing utilization of solar panels in the region due to the hot climatic conditions is contributing to the growth of the market. Apart from this, governing agencies in the GCC region are undertaking initiatives and offering subsidies and tax benefits for utilizing barren land to install solar power plants, which, in turn, is positively influencing the market. Additionally, the rising demand for cost-effective energy generation methods is offering lucrative growth opportunities to industry investors across the region. In addition, the increasing demand for ultrathin solar panels, which are more efficient, lightweight, and flexible compared to glass-based variants, is bolstering the growth of the market in the region. Furthermore, the rising adoption of solar panels to reduce carbon emissions is strengthening the market growth in the GCC region.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC solar generator market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC solar generator market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC solar generator market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC solar generator market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC solar generator market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC solar generator market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC solar generator market industry. Furthermore, the value chain analysis of the GCC solar generator market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.

GCC Solar Generator Market Segment Insights:

The GCC solar generator market has been analysed as followed:

Segmentation by Type:

  • Crystal Silicon
  • Monocrystalline Silicon
  • Polycrystalline Silicon
  • Thin Film
  • Others

Segmentation by End-Use:

  • Residential
  • Commercial
  • Industrial

Segmentation by Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Solar Panel Market Report:

  • Historical and current scenario
  • Trends and developments
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customization:

The GCC solar panel market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.

1 Introduction
    1.1    Research Objectives 
    1.2    Stakeholders
    1.3    Scope of the Report
    1.4    Assumptions and Limitations
2 Research Methodology 
    2.1    Data Collection
        2.1.1    Primary Sources
        2.1.2    Secondary Sources
    2.2    Market Size Estimation
        2.2.1    Bottom-Up Approach
        2.2.2    Top-Down Approach
    2.3    Data Validation
3 Executive Summary
4 Global Solar Panel Market

    4.1    Historical Market Trend
    4.2    Market Segmentation by Region
    4.3    Market Outlook
5 GCC Solar Panel Market
    5.1    Industry Overview 
    5.2    Key Industry Developments
    5.3    Market Trends
        5.3.1    Key Market Indicators
        5.3.2    Historical Market Trends
        5.3.3    Market Outlook
6 GCC Solar Panel Market Segmentation by Country
    6.1    Saudi Arabia  
        6.1.1    Historical Market Trends
        6.1.2    Market Outlook
    6.2    United Arab Emirates   
        6.2.1    Historical Market Trends
        6.2.2    Market Outlook
    6.3    Qatar 
        6.3.1    Historical Market Trends
        6.3.2    Market Outlook
    6.4    Kuwait 
        6.4.1    Historical Market Trends
        6.4.2    Market Outlook
    6.5    Oman  
        6.5.1    Historical Market Trends
        6.5.2    Market Outlook
    6.6    Bahrain  
        6.6.1    Historical Market Trends
        6.6.2    Market Outlook
7 GCC Solar Panel Market Segmentation by Type
    7.1    Crystal Silicon
        7.1.1    Historical Market Trends
        7.1.2    Market Outlook
    7.2    Monocrystalline Silicon
        7.2.1    Historical Market Trends
        7.2.2    Market Outlook
    7.3    Polycrystalline Silicon
        7.3.1    Historical Market Trends
        7.3.2    Market Outlook
    7.4    Thin Film
        7.4.1    Historical Market Trends
        7.4.2    Market Outlook
    7.5    Others
        7.5.1    Historical Market Trends
        7.5.2    Market Outlook
8 GCC Solar Panel Market Segmentation by End Use
    8.1    Residential
        8.1.1    Historical Market Trends
        8.1.2    Market Outlook
    8.2   Commercial    
        8.2.1    Historical Market Trends
        8.2.2    Market Outlook
    8.3   Industrial   
        8.3.1    Historical Market Trends
        8.3.2    Market Outlook
9 GCC Solar Panel Industry: Market Dynamics
    9.1   Overview
    9.2   Strengths
    9.3   Weaknesses 
    9.4   Opportunities
    9.5   Threats
10 GCC Solar Panel Industry: Value Chain Analysis
    10.1  Overview
    10.2  Research and Development
    10.3  Raw Material Suppliers
    10.4  Inbound Logistics
    10.5  Production
    10.6  Marketing 
    10.7  Outbound Logistics
    10.8  Consumers 
11 GCC Solar Panel Industry: Porter’s Five Forces Analysis
    11.1  Overview
    11.2  Threat of New Entrants
    11.3  Threat of Substitutes
    11.4  Bargaining Power of Buyers
    11.5  Bargaining Power of Suppliers
    11.6  Intensity of Rivalry
12 Competitive Landscape
    12.1  Market Structure
    12.2  Key Players 
    12.3  Key Success Factors 
13 Key Player Profiles

List of Figures

Figure 1: Global: Solar Panel Market: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Solar Panel Market: Segmentation by Region (in %), 2022
Figure 3: Global: Solar Panel Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: GCC: Solar Panel Market: Sales Value (in Billion US$), 2017-2022
Figure 5: GCC: Solar Panel Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 6: GCC: Solar Panel Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Solar Panel Market: Segmentation by Type (in %), 2022
Figure 8: GCC: Solar Panel Market: Segmentation by End Use (in %), 2022
Figure 9: Saudi Arabia: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Saudi Arabia: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 11: United Arab Emirates: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: United Arab Emirates: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 13: Qatar: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Qatar: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 15: Kuwait: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Kuwait: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 17: Oman: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Oman: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 19: Bahrain: Solar Panel Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Bahrain: Solar Panel Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Solar Panel (Crystal Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Solar Panel (Crystal Silicon) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Solar Panel (Monocrystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Solar Panel (Monocrystalline Silicon) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Solar Panel (Polycrystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Solar Panel (Polycrystalline Silicon) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Solar Panel (Thin Film) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Solar Panel (Thin Film) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Solar Panel (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Solar Panel (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Solar Panel (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Solar Panel (Residential) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 33: GCC: Solar Panel (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: GCC: Solar Panel (Commercial) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 35: GCC: Solar Panel (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: GCC: Solar Panel (Industrial) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 37: GCC: Solar Panel Industry: Market Dynamics
Figure 38: GCC: Solar Panel Industry: Value Chain Analysis
Figure 39: GCC: Solar Panel Market: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Solar Panel Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Solar Panel Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Solar Panel Market Outlook: Segmentation by Type (in Million US$), 2023-2028
Table 4: GCC: Solar Panel Market Outlook: Segmentation by End Use (in Million US$), 2023-2028
Table 5: GCC: Solar Panel Market Structure
Table 6: GCC: Solar Panel Market: Key Players

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