Middle East & Africa Solar Panel & Coating Market Outlook, 2027

Middle-east solar panel market is most widely distributed and generates solar power in large scale. The innovation of new technology and development of new solar projects in many places have created lot of opportunities for solar power. The middle-east region has abundant of sunlight and these region has been most underrated. These region requires lot of development and many projects are in process. The development is sluggish in growth, since fossil fuels are in huge demand in these places. The region has a near-ideal environment for solar power generation, which is why large solar power plants have already been built in Saudi Arabia, Qatar, the United Arab Emirates, Oman, Kuwait, and Jordan. There are many more in the works, which will provide possibilities for renewable energy professionals. Some of the key trends which can increase in generating for clean electricity requires renewable in both solar and wind power. Saudi Arabia has installed more than 58.7 GW of solar renewable energy and it has still some of the most exciting opportunities for its region and states for many projects to be developed. Saudi Arabia is expected to have huge demand for solar panels, and they have many on-going and upcoming projects. These country can dominate in this region in terms producing of solar power. Rooftops solar benefits to majority of the household, therefore it helps them in reducing the electricity cost. Solar panels is installed in Abu Dhabi, it is the largest single site solar panel. It has capacity for 1.17 GW solar power. Saudi Arabia has targeted to install more than 58.7 GW of renewable energy in forecast period. As of 2019, it has installed capacity of 13026 MW of solar power, and it has again added to 344.4 MW. Some of the upcoming projects in Abu Dhabi are Madinah, Rafh, Qurayyat, Al-Faisaliah, Rabigh, Jeddah, Mahd Al-Dahab and SAAD.

Some of the government initiatives are in order to achieve and meet electricity demand with utilizing renewable energy. They have reduced the price for fossil fuels which be the major factor for market growth. Policies have been changed with expansion of solar panels in various region. Due to the policy used by the government in the middle-east belt there is high price for potential resources. This decrease in price have made many changes and led to huge demand, made favorable for affording land and installing of solar panels. 

According to the research report, “Middle-east Solar panel & Coating Market Outlook, 2027” published by Bonafide Research, the solar panel & coating market is anticipated to grow at a CAGR of more than 11% in terms of value during this forecasted period. Growing investment by major market players in the research and development of solar panel coating has impacted the market growth. New models of solar panels are made from a thin film solar panel technology which is used through coating of cadmium telluride in solar panels. This is termed to have higher efficiency and it has very little cost compared to other products in market. The market is expected to be utility market and includes the creation of electricity for large consumer base which is residential, industrial and for commercial purpose. The market is expected to increase at fast pace and will continue to dominate during the forecast period.

Covid-19 Impact:
Covid-19 has impacted and affected all over the world. It changed the whole scenario in economic which in result fell in huge loss. In middle-east it affected in construction of large-scale solar panel and it changed the economic. In solar sector it was estimated to be in huge demand but there arrived to b several operational and financial setbacks.  This led to diminish growth prospects due to uncertainty in future demand. Due to low growing trade barriers and disputes. There was lot of huge risk and made lot of difficult in payment and negotiations.

Major Companies present in the market:
A.R.E Group, SARL Algerian PV Company, Aton Enerji, Aures solaire, Aurasol, Copex solar, Cleanergy, DuSol industries, Emirates insolaire, Specialized battery sytems

Considered in this report:
• Geography: Middle-East and Africa region
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027

Aspects covered in this report:
• Middle-East and Africa Solar panel & Coating Market with its value and forecast along with its segments
• Country wise Solar panel & Coating market analysis
• Application wise Solar panel coating market distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the Report:
• UAE
• Israel
• South Africa

By application Solar panel type in the report:
• Monocrystalline solar panel
• Polycrystalline solar panel
• Thin film solar panel

Technical types of Solar panel Coating in the report:
• Anti-Reflective
• Hydrophobic
• Self-cleaning
• Anti-soiling
• Anti-abrasion

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel & coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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