PUBLISHER: Grand View Research | PRODUCT CODE: 1814196
PUBLISHER: Grand View Research | PRODUCT CODE: 1814196
The Middle East solar PV market size was estimated at USD 6.73 billion in 2024 and is projected to reach USD 14.11 billion by 2033, growing at a CAGR of 8.1% from 2025 to 2033. Solar PV deployment in the region spans utility-scale, commercial & industrial (C&I), and residential segments, enabling grid-connected and off-grid applications across diverse end users.
National strategies such as Saudi Vision 2030, the UAE's Energy Strategy 2050, and Egypt's Integrated Sustainable Energy Strategy 2035 catalyze large-scale PV investments to diversify energy sources, cut emissions, and strengthen long-term energy security. Countries across the Gulf Cooperation Council (GCC), Turkey, Jordan, and Israel are expanding solar PV capacity to serve industrial complexes, desalination plants, urban centers, and rural communities while enhancing resilience to rising demand and climate-driven challenges.
Market growth is driven by the region's abundant solar resources, falling technology costs, and favorable financing models such as PPAs and PPPs. Utility-scale projects dominate installations, while distributed rooftop PV adoption is gaining momentum in urban centers supported by net-metering policies and smart grid integration. Hybrid systems pairing PV with battery energy storage systems (BESS) are increasingly being adopted to ensure round-the-clock reliability and grid stability. Emerging opportunities include green hydrogen production powered by dedicated PV farms and regional interconnection projects such as the GCC grid expansion and the Saudi-Jordan-Egypt power link, which enhance cross-border electricity trade. With leading companies such as Masdar, ACWA Power, First Solar, JinkoSolar, and EDF Renewables spearheading gigawatt-scale projects, the market is positioned for sustained growth over the coming decade.
Middle East Solar PV Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East Solar PV market report based on connectivity, mounting, end use, and country: