Market Size of Iran Solar Energy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Iran Solar Energy Market Analysis
The Iranian solar energy market is expected to register a CAGR of 9% during the forecast period.
In 2020, COVID-19 had a moderately negative impact on the market. Presently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as required weather conditions, vast desert areas, and a good number of sunny days throughout the year are expected to make the country a perfect place to install solar plants and are likely to drive the Iranian solar energy market. And also, upcoming and ongoing projects for achieving Iran's renewable goal are expected to drive the Iranian solar energy market during the forecast period.
- On the other hand, the adoption of other renewable energies such as wind and hydro to generate clean energy is expected to restrain Iran's solar energy market.
- Nevertheless, Iran has the potential to increase its share of renewable energy generation to 16% by 2030. This is likely to create several opportunities for Iran's solar energy market in the future.
