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Written by Rahul Singh » Updated on: January 22nd, 2025
Solar Energy Market in UAE 2025:
How Big is the UAE Solar Energy Industry?
The UAE solar energy market size reached 11.0 TWh in 2024. Looking forward, IMARC Group expects the market to reach 73.5 TWh by 2033, exhibiting a growth rate (CAGR) of 22.33% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 11.0 TWh
Market Size in 2033: 73.5 TWh
Market Growth Rate (CAGR) 2025-2033: 22.33%
UAE Solar Energy Market Trends and Drivers:
The future of the UAE solar energy market is being shaped by the will to deliver clean energy, appetite for green electricity, etc. Furthermore, the market is growing due to the energy diversification vision of the UAE with the Dubai Clean Energy Strategy 2050 and the Abu Dhabi Energy Strategy 2030, which both strive to enhance energy diversity and reduce dependence on fossil fuels. These attempts also invoked enormous investments for large solar power plants, including the Mohammed bin Rashid Al Maktoum Solar Park, one of the largest solar power plants in the world. The availability of sunlight in the region, and technological improvements in the solar photovoltaic (PV) system have also been contributing to the market growth. In addition, with low price solar panels and installations supported by government subsidies e.g., feed-in tariffs and net metering, there is increasing residential and commercial solar energy options adoption rate.
Key drivers shaping the UAE solar energy market are the integration of next generation technologies and energy storage technologies. Advances in emerging technologies in the form of bifacial solar cells and concentrated solar power (CSP) are enhancing the efficiency and power production and thus solar power is increasingly viable in large-scale applications. With the intermittency problem of solar power, energy storage systems, and in particular battery technology, continue to be of great interest for ensuring a reliable and uninterrupted energy supply. Furthermore, the emergence of photovoltaic-assisted floating solar farms and solar-powered desalination generators reflects the diversity and adaptability of the market. On top of that, the growing role of public-private partnerships and global space partnerships in funding and deployment of photovoltaic (PV) power plants is driving the expansion that is anticipated to impact the UAE photovoltaic energy market in the forecast period.
UAE Solar Energy Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
Regional Insights:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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