Middle East & North Africa Solar Racking Market Size, Trends & Growth Opportunity, By Product (Rooftop, Ground-mounted), By Technology (Fixed, Tracking), By End-user (Commercial, Residential, Civic Utilities) By Region and Forecast till 2027.
Report ID : IR100583 | Industries : Energy & Power | Published On :May 2024 | Page Count : 137
Middle East & North Africa Solar Racking Market Size, Trends & Growth Opportunity, By Product (Rooftop, Ground-mounted), By Technology (Fixed, Tracking), By End-user (Commercial, Residential, Civic Utilities) By Region and Forecast till 2027.
Middle East & North Africa Solar Racking Market
Middle East & North Africa Solar Racking Market was valued at US$ 2,459.96 Mn in 2021, estimated to reach US$ 11,426.25 Mn in 2027, with a CAGR of 25% from 2022-2027.
A racking system secures solar modules to various surfaces, such as roofs, carports, awnings, or the ground. These devices, which are usually composed of metal, determine the orientation and tilt angle of a solar array.
Market Drivers
Rise in population with huge demand of cost-effective.
The capacity of solar PV to be cost-effective and service a large population is expected to boost market demand. Solar parks and separate solar projects can provide the electricity needs of a big portion of the population as well as a single residence. Solar installations contribute to lower electricity per unit costs.
Government incentives for solar power generation are the primary reasons that entice consumers to install solar on a large scale. This, together with the absence of carbon emissions, is one of the primary reasons for the global expansion of the solar PV sector. During the projection period, this is expected to drive solar power installations in the Middle East area.
Market Challenges
The fundamental problem in the industry is the expensive initial investment and continuous operation and maintenance, which raises the cost even further. Furthermore, every large-scale solar plant requires acres of land.
Furthermore, land selection is influenced by a variety of factors, including the availability of solar radiation.
Impact of COVID-19
The health catastrophe caused by the spread of the COVID-19 pandemic had a negative influence on nearly every area and industry. The Middle East and Africa solar photovoltaic (PV) business is heavily reliant on imports from other nations as well as technical labour, which is primarily provided by EPC contractors.
With countrywide lockdowns announced and workers absent, the Middle Eastern solar investment drive is expected to collapse, with a delay in distribution time for current systems. Furthermore, the Middle East countries, like other countries, had a significant decrease in solar energy installation volume compared to the previous year.
Market Segmentation
The Middle East & North Africa Solar Racking Market is segmented into Product, Technology, Distribution Channel and Growing System. By Product such as Rooftop, Ground-mounted. By Technology such as Fixed, Tracking. By End-user such as Commercial, Residential, Civic Utilities.
Regional Analysis
Saudi Arabia dominated the market and accounted for the largest revenue share of 19.88% in 2021. The country is expected to continue its dominance over the forecast period.
Morocco is expected to grow at significant growth rate, as End User such as Residential and Civic Utilities segment are growing in the country.
Key Players
Various key players are listed in this report such as Genergy, Jetion Solar, Aton Enerji, Seraphim Solar, Aurasol, Copex Solar, Cleanergy, DuSol Industries, Emirates Insolaire, Sinetech (PTY) Ltd
Market Taxonomy
By Product
• Rooftop
• Ground-mounted
By Technology
• Fixed
• Tracking
By End-user
• Commercial
• Residential
• Civic Utilities
By Region
• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Middle East & North Africa Solar Racking Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Middle East & North Africa Solar Racking Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Middle East & North Africa Solar Racking Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Middle East & North Africa Solar Racking Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Middle East & North Africa Solar Racking Market Share Analysis, By Product
5.3 Middle East & North Africa Solar Racking Market Size and Forecast, By Product
5.3.1 Rooftop
5.3.2 Ground-mounted
6 Middle East & North Africa Solar Racking Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Middle East & North Africa Solar Racking Market Share Analysis, By Technology
6.3 Middle East & North Africa Solar Racking Market Size and Forecast, By Technology
6.3.1 Fixed
6.3.2 Tracking
7 Middle East & North Africa Solar Racking Market, By End-use Industry
7.1 Y-o-Y Growth Comparison, By End-use Industry
7.2 Middle East & North Africa Solar Racking Market Share Analysis, By End-use Industry
7.3 Middle East & North Africa Solar Racking Market Size and Forecast, By End-use Industry
7.3.1 Commercial
7.3.2 Residential
7.3.3 Civic Utilities
8 Middle East & North Africa Solar Racking Market, By Region
8.1 Middle East & North Africa Solar Racking Market Share Analysis, By Region
8.2 Middle East & North Africa Solar Racking Market Share Analysis, By Region
8.3 Middle East & North Africa Solar Racking Market Size and Forecast, By Region
9 North America Middle East & North Africa Solar Racking Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Middle East & North Africa Solar Racking Market Share Analysis, By Product
9.3 North America Middle East & North Africa Solar Racking Market Size and Forecast, By Technology
9.4 North America Middle East & North Africa Solar Racking Market Size and Forecast, By End-use Industry
9.6 North America Middle East & North Africa Solar Racking Market Size and Forecast, By Country
9.7.1 Algeria
9.7.2 Libya
9.7.3 Morocco
9.7.4 Sudan
9.7.5 Tunisia
10 Middle East Middle East & North Africa Solar Racking Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Middle East Middle East & North Africa Solar Racking Market Share Analysis, By Product
10.3 Middle East Middle East & North Africa Solar Racking Market Size and Forecast, By Technology
10.4 Middle East Middle East & North Africa Solar Racking Market Size and Forecast, By End-use Industry
10.6 Middle East Middle East & North Africa Solar Racking Market Size and Forecast, By Country
10.7.1. UAE
10.7.2 Saudi Arabia
10.7.3 Israel
10.7.4 Turkey
10.7.5 Oman
10.7.6 Qatar
10.7.7 Bahrain
10.7.8 Kuwait
10.7.9 Jordan
10.7.10 Other
11 Competitive Analysis
11.1 Competition Dashboard
11.2 Market share Analysis of Top Vendors
11.3 Key Development Strategies
12 Company Profiles
12.1 Genergy
12.1.1 Overview
12.1.2 Products
12.1.3 Key Financials
12.1.4 Business Segment & Geographic Overview
12.1.5 Key Market Developments
12.1.6 Key Strategies
12.2. Jetion Solar
12.2.1 Overview
12.2.2 Products
12.2.3 Key Financials
12.2.4 Business Segment & Geographic Overview
12.2.5 Key Market Developments
12.2.6 Key Strategies
12.3. Aton Enerji
12.3.1 Overview
12.3.2 Products
12.3.3 Key Financials
12.3.4 Business Segment & Geographic Overview
12.3.5 Key Market Developments
12.3.6 Key Strategies
12.4 Seraphim Solar
12.4.1 Overview
12.4.2 Products
12.4.3 Key Financials
12.4.4 Business Segment & Geographic Overview
12.4.5 Key Market Developments
12.4.6 Key Strategies
12.5 Aurasol
12.5.1 Overview
12.5.2 Products
12.5.3 Key Financials
12.5.4 Business Segment & Geographic Overview
12.5.5 Key Market Developments
12.5.6 Key Strategies
12.6 Copex Solar
12.6.1 Overview
12.6.2 Products
12.6.3 Key Financials
12.6.4 Business Segment & Geographic Overview
12.6.5 Key Market Developments
12.6.6 Key Strategies
12.7 Cleanergy
12.7.1 Overview
12.7.2 Products
12.7.3 Key Financials
12.7.4 Business Segment & Geographic Overview
12.7.5 Key Market Developments
12.7.6 Key Strategies
12.8 DuSol Industries
12.8.1 Overview
12.8.2 Products
12.8.3 Key Financials
12.8.4 Business Segment & Geographic Overview
12.8.5 Key Market Developments
12.8.6 Key Strategies
16.9 Emirates Insolaire
16.9.1 Overview
16.9.2 Products
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Sinetech (PTY) Ltd
16.10.1 Overview
16.10.2 Products
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies