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Middle East Rooftop Solar PV Module Market Size
- Report ID: GMI8967
- Published Date: Apr 2024
- Report Format: PDF
Middle East Rooftop Solar PV Module Market Size
Middle East Rooftop Solar PV Module Market size was valued at USD 857 million in 2023 and is anticipated to grow at a CAGR of 7.4% between 2024 and 2032. A rooftop solar PV (photovoltaic) module refers to the technology utilized to capture sunlight and convert it into electricity on rooftops of residential, commercial, or industrial buildings. These modules typically consist of multiple solar cells interconnected to form a solar panel. These panels are then installed on rooftops to harness sunlight, which is converted into usable electricity.
Continuous decline in the cost of solar panels and associated components along with various companies making efforts to increase the capacity of solar installations will stimulate the business statistics. For instance, in 2022, under the Shams Dubai programme, the country reached a cumulative rooftop photovoltaic capacity of over 500 MW. Furthermore, booming construction sector across various economies coupled with rising environment concerns to restrict the carbon emissions will propel the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Middle East Rooftop Solar PV Module Market Size in 2023: | USD 857 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 1.77 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Technology, Product, Connectivity, End-Use and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Middle East Rooftop Solar PV Module Market Scope
