Solar Energy in Pakistan Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Pakistan Solar Energy Market Report Size & Share and It is Segmented by End Users (Residential, Commercial, and Utility). The Report Offers the Market Size and Forecasts in Installed Capacity (MW) for the Above Segment.

Solar Energy in Pakistan Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Pakistan Solar Energy Market Size

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Pakistan Solar Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 2.07 gigawatt
Market Volume (2030) 13.97 gigawatt
CAGR 46.55 %
Market Concentration Low

Major Players

Pakistan Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pakistan Solar Energy Market Analysis

The Pakistan Solar Energy Market size in terms of installed base is expected to grow from 2.07 gigawatt in 2025 to 13.97 gigawatt by 2030, at a CAGR of 46.55% during the forecast period (2025-2030).

  • Over the medium term, increasing adoption of solar PV systems, the declining price of solar panels and installation costs, and rising environmental concerns about the use of fossil fuels are the factors driving the market's growth.
  • On the other hand, the market is expected to be hampered by issues like transmission and distribution losses, a need for a solidified renewable energy policy, and unpredictability in the continuity of power supply.
  • However, Pakistan has abundant solar irradiance and receives solar energy almost yearly. This factor presents a phenomenal opportunity to exploit solar energy from the most irradiated sites in the country, combined with foreign investments. Additionally, the off-grid supply through micro- and mini-grids to electrify rural communities of the country and the integration of renewable energy sources in generation, transmission, and distribution systems are some factors expected to create opportunities for the market in the future.

Pakistan Solar Energy Industry Overview

The Pakistani solar energy market is semi-fragmented. Some of the major players in the market (in no particular order) include Reon Energy Limited, Alpha Renewables (SMC-Pvt) Ltd, Zonergy, Shams Power Limited, and Yello Door Energy.

Pakistan Solar Energy Market Leaders

  1. Zonergy

  2. Yellow Door Energy

  3. Alpha Renewables (SMC-Pvt) Ltd

  4. Shams Power Limited

  5. Reon Energy Limited

  6. *Disclaimer: Major Players sorted in no particular order
Pakistan Solar Energy Market Concentration
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Pakistan Solar Energy Market News

  • February 2024: Norwegian renewable energy developer Scatec started commercial operation of 150 megawatt solar PV plants in Pakistan. The solar power projects boast an annual generation capacity of 300 gigawatt hours. Scatec also signed a 25-year power purchase agreement with the Central Power Purchasing Agency of Pakistan.
  • October 2023: The Pakistan Water and Power Development Authority of Pakistan (WAPDA) announced issuing a tender notice inviting proposals for the installation, design, commissioning, and testing of a substantial 300 megawatt Floating Solar PV Plant. The project is to be located within the Tarbela - Barotha Hydropower Complex in Pakistan.

Pakistan Solar Energy Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Solar Energy Installed Capacity and Forecast, in MW, till 2029
  • 4.3 Government Policies and Regulations
  • 4.4 Recent Trends and Developments
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 The Declining Price of Solar Panels and Installation Costs
    • 4.5.1.2 Increasing Adoption of Solar PV Systems
    • 4.5.2 Restraints
    • 4.5.2.1 A Lack of a Solidified Renewable Energy Policy
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION - BY END USER

  • 5.1 Residential
  • 5.2 Commercial
  • 5.3 Utility

6. COMPETITVE 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 Reon Energy Limited
    • 6.3.2 Alpha Renewables (SMC Pvt) Ltd
    • 6.3.3 Shams Power Limited
    • 6.3.4 Zonergy
    • 6.3.5 Yello Door Energy
    • 6.3.6 JinkoSolar Holding Co. Ltd
    • 6.3.7 Canadian Solar Inc.
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis
  • 6.5 List of Other Prominent Companies

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Pakistan's Abundant Solar Irradiance
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Pakistan Solar Energy Industry Segmentation

Solar energy is the heat and radiant light from the sun that can be harnessed with technologies such as solar power (used to generate electricity) and solar thermal energy (used for applications such as water heating).

The Pakistani solar energy market is segmented by end users (residential, commercial, and utility). For each segment, market sizing and forecasts have been done based on installed capacity (MW).

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Pakistan Solar Energy Market Research FAQs

How big is the Pakistan Solar Energy Market?

The Pakistan Solar Energy Market size is expected to reach 2.07 gigawatt in 2025 and grow at a CAGR of 46.55% to reach 13.97 gigawatt by 2030.

What is the current Pakistan Solar Energy Market size?

In 2025, the Pakistan Solar Energy Market size is expected to reach 2.07 gigawatt.

Who are the key players in Pakistan Solar Energy Market?

Zonergy, Yellow Door Energy, Alpha Renewables (SMC-Pvt) Ltd, Shams Power Limited and Reon Energy Limited are the major companies operating in the Pakistan Solar Energy Market.

What years does this Pakistan Solar Energy Market cover, and what was the market size in 2024?

In 2024, the Pakistan Solar Energy Market size was estimated at 1.11 gigawatt. The report covers the Pakistan Solar Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Pakistan Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Energy in Pakistan Industry Report

Statistics for the 2025 Pakistan Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pakistan Solar Energy 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.