Solar Power Market in Middle East Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Middle East Solar Power Market is Segmented by Technology (solar photovoltaic (PV) and concentrated solar power (CSP))and Geography (Saudi Arabia, the United Arab Emirates, Oman, and the rest of the Middle East). The report offers the market size and forecasts in installed capacity (gigawatts) for all the above segments.

Solar Power Market in Middle East Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Middle East Solar Power Market Size

Middle-East Solar Power Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 11.00 %
Market Concentration Low

Major Players

Middle-East Solar Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Middle East Solar Power Market Analysis

The Middle-East Solar Power Market is expected to register a CAGR of greater than 11% during the forecast period.

With the COVID-19 outbreak in Q1 2020, the Middle Eastern solar power market was moderately impacted. Few countries like Saudi Arabia, Kuwait, and Qatar had significantly less number of new installations in 2020 due to delays in the shipping of solar modules. The market rebounded in 2021.

  • Factors such as supportive government policies and increasing efforts to meet power demand using renewable energy sources, and decreased dependency on fossils are expected to be significant contributors to driving the market. Besides, many ambitious photovoltaic projects are lined up in the forecast period and are expected to drive the solar market in the coming years.
  • However, factors such as delays in large-scale solar projects and increasing focus on alternative energy sources are expected to hinder the market's growth.
  • The upcoming solar power projects, along with the use of hybrid power solutions in this region, can create immense opportunities for the solar power market in the near future.
  • Saudi Arabia is expected to witness significant demand due to the number of ongoing and upcoming projects over the forecast period.

Middle East Solar Power Industry Overview

The Middle Eastern solar power market is moderately fragmented. Some of the key players in this market include (not in particular order) JinkoSolar Holding Co. Ltd, First Solar Inc., Enerwhere Sustainable Energy DMCC, ACWA POWER BARKA SAOG, and Alsa Solar Systems LLC.

Middle East Solar Power Market Leaders

  1. ACWA POWER BARKA SAOG

  2. Alsa Solar Systems LLC

  3. JinkoSolar Holding Co. Ltd

  4. First Solar Inc

  5. Enerwhere Sustainable Energy DMCC

  6. *Disclaimer: Major Players sorted in no particular order
Middle-East Solar Power Market Concentration
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Middle East Solar Power Market News

  • January 2023: Jinko Power Technology Co, Ltd achieved financial close and commenced construction of its 300 MW Saad Solar PV Project in the kingdom. The project is scheduled for commissioning in Q4 2024. The scope of the full-wrap EPC contract includes design, supply, construction, warranty, initial operation, and maintenance of the project.
  • January 2023: Oman Power and Water Procurement Company (OPWP) announced solar energy projects Manah 1 and 2 worth USD 777 million. The project is likely to procure 2 million solar PV panels. It will jointly produce a total of 1,000MW, which is set to come up by the end of 2025 on a 15 million sq m area within the Governorate of A'Dakhiliyah.

Middle East Solar Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in GW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Solar Photovoltaic (PV)
    • 5.1.2 Concentrated Solar Power (CSP)
  • 5.2 Geography
    • 5.2.1 Saudi Arabia
    • 5.2.2 United Arab Emirates
    • 5.2.3 Oman
    • 5.2.4 Rest of the Middle East

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JinkoSolar Holding Co. Ltd.
    • 6.3.2 First Solar Inc
    • 6.3.3 Enerwhere Sustainable Energy DMCC
    • 6.3.4 ACWA POWER BARKA SAOG
    • 6.3.5 Alsa Solar Systems LLC
    • 6.3.6 Enviromena Power Systems
    • 6.3.7 Trina Solar Ltd.
    • 6.3.8 JA SOLAR Co. Ltd.
    • 6.3.9 Sungrow Power Supply Co. Ltd.
    • 6.3.10 Hitachi Energy Ltd.
    • 6.3.11 Canadian Solar Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Middle East Solar Power Industry Segmentation

Solar power means using the sun's energy to produce electricity, either directly as thermal energy (heat) or indirectly through photovoltaic cells in solar panels and clear photovoltaic glass. The Middle Eastern solar power market is segmented by technology and geography. By technology, the market is segmented into solar photovoltaic (PV) and concentrated solar power (CSP). The report also covers the market size and forecasts for the Middle East solar power market across the major countries in the region. For each segment, market sizing and forecasts have been done based on installed capacity (gigawatts).

Technology Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
Geography Saudi Arabia
United Arab Emirates
Oman
Rest of the Middle East
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Middle East Solar Power Market Research FAQs

What is the current Middle-East Solar Power Market size?

The Middle-East Solar Power Market is projected to register a CAGR of greater than 11% during the forecast period (2025-2030)

Who are the key players in Middle-East Solar Power Market?

ACWA POWER BARKA SAOG, Alsa Solar Systems LLC, JinkoSolar Holding Co. Ltd, First Solar Inc and Enerwhere Sustainable Energy DMCC are the major companies operating in the Middle-East Solar Power Market.

What years does this Middle-East Solar Power Market cover?

The report covers the Middle-East Solar Power Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle-East Solar Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Power in Middle East Industry Report

Statistics for the 2025 Middle-East Solar Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East Solar Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.