PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909396
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909396
GCC Solar Photovoltaic Market Size & Share Analysis - Key Trends, Future Opportunities, Growth Strategies, and Forecasts (2026 - 2032)
The GCC solar photovoltaic market is witnessing strong growth as countries across the region accelerate the transition toward clean and sustainable energy sources. The market is valued at USD 6.2 billion in 2025 and is projected to reach USD 14.3 billion by 2032, expanding at a robust CAGR of 12.7% during the study period from 2019 to 2032. Rising electricity demand, declining solar technology costs, and ambitious renewable energy targets are driving widespread adoption of solar photovoltaic systems across utility-scale, commercial, and residential applications.
Governments across the GCC are actively investing in large-scale solar projects and supportive policy frameworks to diversify energy mixes and reduce carbon emissions. Competitive tendering processes, long-term power purchase agreements, and grid modernization initiatives are strengthening investor confidence and accelerating deployment of solar PV capacity. These developments are positioning solar energy as a cornerstone of regional energy transition strategies.
Saudi Arabia represents the largest regional market, supported by large-scale solar installations and national renewable energy programs, while the UAE is emerging as the fastest-growing market due to aggressive clean energy targets, advanced project development, and strong focus on sustainability. As solar adoption continues to expand, the GCC solar photovoltaic market is expected to maintain strong growth momentum throughout the forecast period.
Key Insights
The GCC solar photovoltaic market is valued at USD 6.2 billion in 2025 and is expected to reach USD 14.3 billion by 2032, reflecting strong long-term growth driven by renewable energy expansion across the region.
The market is projected to grow at a CAGR of 12.7% during 2019-2032, supported by declining solar costs and increasing investments in clean energy infrastructure.
Saudi Arabia accounts for the largest share of the regional market, driven by large-scale utility projects and long-term renewable energy strategies.
The UAE is the fastest-growing market in the GCC, supported by ambitious solar capacity targets and strong government commitment to sustainability.
Utility-scale solar installations continue to dominate capacity additions, supported by competitive project economics and favorable climatic conditions.
Increasing adoption of rooftop and distributed solar systems is expanding opportunities across commercial and residential segments.
Integration of solar photovoltaic systems with energy storage and smart grid technologies is enhancing grid stability and energy efficiency.
Government incentives, policy support, and long-term procurement mechanisms are encouraging private-sector participation in solar projects.
Technological advancements in solar modules and system efficiency are improving power output and reducing lifecycle costs.
Continuous expansion of solar capacity and supportive regulatory environments are expected to sustain long-term growth in the GCC solar photovoltaic market.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Application
- 1.4.2. Market Size Breakdown, by Technology
- 1.4.3. Market Size Breakdown, by Deployment Mode
- 1.4.4. Market Size Breakdown, by Connectivity Type
- 1.4.5. Market Size Breakdown, by Country
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Sociopolitical Impact
- 5.4. Porter's Five Forces Analysis
- 5.4.1. Bargaining Power of Buyers
- 5.4.2. Bargaining Power of Suppliers
- 5.4.3. Threat of New Entrants
- 5.4.4. Intensity of Rivalry
- 5.4.5. Threat of Substitutes
- 5.5. Lifecycle Analysis
- 5.6. Innovation and Technology Trends
- 5.7. Economic and Regulatory Impact
- 5.8. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Market Share of Key Players (2025)
- 6.3. Competitive Benchmarking of Key Players
- 6.4. Product Benchmarking of Key Players
- 6.5. Recent Strategic Developments by Key Players
- 6.6. Company Leadership Matrix
Chapter 7. Saudi Arabia Market
- 7.1. Overview
- 7.2. Market Revenue, by Application (2019-2032)
- 7.3. Market Revenue, by Technology (2019-2032)
- 7.4. Market Revenue, by Deployment Mode (2019-2032)
- 7.5. Market Revenue, by Connectivity Type (2019-2032)
- 7.6. Market Revenue, by Country (2019-2032)
Chapter 8. U.A.E. Market
- 8.1. Overview
- 8.2. Market Revenue, by Application (2019-2032)
- 8.3. Market Revenue, by Technology (2019-2032)
- 8.4. Market Revenue, by Deployment Mode (2019-2032)
- 8.5. Market Revenue, by Connectivity Type (2019-2032)
- 8.6. Market Revenue, by Country (2019-2032)
Chapter 9. Kuwait Market
- 9.1. Overview
- 9.2. Market Revenue, by Application (2019-2032)
- 9.3. Market Revenue, by Technology (2019-2032)
- 9.4. Market Revenue, by Deployment Mode (2019-2032)
- 9.5. Market Revenue, by Connectivity Type (2019-2032)
- 9.6. Market Revenue, by Country (2019-2032)
Chapter 10. Qatar Market
- 10.1. Overview
- 10.2. Market Revenue, by Application (2019-2032)
- 10.3. Market Revenue, by Technology (2019-2032)
- 10.4. Market Revenue, by Deployment Mode (2019-2032)
- 10.5. Market Revenue, by Connectivity Type (2019-2032)
- 10.6. Market Revenue, by Country (2019-2032)
Chapter 11. Oman Market
- 11.1. Overview
- 11.2. Market Revenue, by Application (2019-2032)
- 11.3. Market Revenue, by Technology (2019-2032)
- 11.4. Market Revenue, by Deployment Mode (2019-2032)
- 11.5. Market Revenue, by Connectivity Type (2019-2032)
- 11.6. Market Revenue, by Country (2019-2032)
Chapter 12. Bahrain Market
- 12.1. Overview
- 12.2. Market Revenue, by Application (2019-2032)
- 12.3. Market Revenue, by Technology (2019-2032)
- 12.4. Market Revenue, by Deployment Mode (2019-2032)
- 12.5. Market Revenue, by Connectivity Type (2019-2032)
- 12.6. Market Revenue, by Country (2019-2032)
Chapter 13. Company Profiles
Chapter 14. Appendix
- 14.1. Sources and References
- 14.2. Related Reports
