The report covers Egypt Solar Photovoltaic/Solar Cells Market Manufacturers and the market is segmented by Deployment (On-Grid and Off-Grid)

Egypt Solar PV Market is projected to register strong growth due to the rising need for the sustainable energy resources.

Discover the booming Egypt solar PV market! Our in-depth analysis reveals a CAGR of 9.05%, driven by government initiatives and surging energy demand. Explore market size, key players (Scatec ASA, ACWA Power, EDF), and future trends in this rapidly expanding sector. Recent developments include: April 2023: Egypt announced to build a 200 MW utility-scale solar plant in the country, which is expected to be completed by the following year. This Kom Ombo plant will contribute to the government's plant of generating 42% renewable electricity by 2035 in Egypt., November 2022: AMEA Power announced that it had achieved a financial close to supplying 1 GW of renewable energy projects in Egypt. The projects include 500 MW solar projects and other renewable energy sources, representing USD 1.1 billion of investment into the country's economy.. Key drivers for this market are: 4., Declining Price of Solar PV Modules4.; Rising Supportive Government Policies in the Country. Potential restraints include: 4., Increasing Adoption of Alternate Renewable Technology. Notable trends are: On-Grid is Expected to witness Significant Growth.

Discover the booming Egyptian solar PV industry! This comprehensive market analysis reveals a 9.05% CAGR, driven by government initiatives and surging energy demand. Explore key players, market segments, and future growth projections for 2025-2033. Recent developments include: April 2023: Egypt announced to build a 200 MW utility-scale solar plant in the country, which is expected to be completed by the following year. This Kom Ombo plant will contribute to the government's plant of generating 42% renewable electricity by 2035 in Egypt., November 2022: AMEA Power announced that it had achieved a financial close to supplying 1 GW of renewable energy projects in Egypt. The projects include 500 MW solar projects and other renewable energy sources, representing USD 1.1 billion of investment into the country's economy.. Key drivers for this market are: 4., Declining Price of Solar PV Modules4.; Rising Supportive Government Policies in the Country. Potential restraints include: 4., Declining Price of Solar PV Modules4.; Rising Supportive Government Policies in the Country. Notable trends are: On-Grid is Expected to witness Significant Growth.

The Egypt Solar Energy Market Report is Segmented by Technology (Solar Photovoltaic and Concentrated Solar Power), Mounting Type (Ground-Mounted, Rooftop, and Floating and Canal-Top), Deployment (On-Grid and Off-Grid), and Application (Utility-Scale, Commercial and Industrial, and Residential Rooftop). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).

Increasing solar energy potential is driving Egypt solar photovoltaic (PV) industry, since the country gets high amounts of solar radiation throughout the year, making it a perfect site for capturing solar electricity. This inherent advantage promotes the development of large-scale solar projects and distributed solar systems to fulfill rising energy demands sustainably. Egypt's geographic location guarantees a regular solar energy supply, allowing both household and industrial customers to minimize their reliance on traditional energy sources and shift to renewable energy alternatives by enabling the market to surpass a revenue of USD 2.3 Billion Valued in 2024 and reach a valuation of around USD 3.6 Billion by 2032.The growing need for renewable energy sources is driving the Egypt Solar Photovoltaic (PV) market, as the country strives to reduce its dependency on fossil fuels and minimize greenhouse gas emissions. Businesses, municipalities, and residential users are emphasizing clean energy solutions to meet growing energy demand sustainably. Solar PV systems, which provide a cost-effective and environmentally friendly alternative, are being accepted due to their capacity to deliver dependable electricity in both metropolitan and distant places by enabling the market to grow at a CAGR of 8 % from 2025 to 2032

Egypt's booming solar market is projected to surge, driven by government initiatives and declining costs. Discover key trends, market size forecasts (2025-2033), leading companies, and regional insights in our comprehensive analysis. Recent developments include: February 2022: Irish renewable energy company Amarenco signed a deal with Egyptian energy company SolarizEgypt under which both companies are supposed to enter a partnership to jointly develop a 300 MW solar power portfolio for commercial and industrial (C&I) customers in Egypt. Amarenco is expected to acquire 74% of SolarizEgypt's existing 50 MW solar portfolio, and the partnership is expected to invest approximately USD 255 million over the next four years., February 2022: Makadi Heights, a fully integrated township project in the Red Sea area owned by Orascom Development, signed a contract with SolarizEgypt to develop a 1.5 MW dedicated solar power plant for the project. Makadi Heights develops the project through a Build, Operate, and Transfer (BOT) model under a 25-year corporate power purchase agreement (PPA) with SolarizEgypt. The total investment in the project is estimated to be nearly USD 11.5 million, and the project is expected to commence its commercial operation in Q1 2023.. Notable trends are: On-Grid Technology to Dominate the Market.

Egypt Solar Energy Market size was valued at USD 3.6 Billion in 2023 and is projected to reach USD 8.8 Billion by 2031, growing at a CAGR of 11% from 2024 to 2031.

Egypt Solar Energy Market Dynamics

The key market dynamics that are shaping the Egypt Solar Energy Market include:

Key Market Drivers:

Government's Commitment to Renewable Energy: Egypt has set an ambitious goal of generating 42% of its power from renewable sources by 2035, with solar energy playing a key role. The Egyptian Electricity Holding Company (EEHC) has pledged to build 6 GW of solar power capacity by 2025, indicating strong government support for solar energy growth. This strategic strategy is motivated by the need to minimize dependency on fossil fuels while meeting rising energy demands.

The MEA solar photovoltaic market is booming, with a CAGR exceeding 12% driven by government initiatives, decreasing costs, and abundant sunshine. Explore market trends, key players (JinkoSolar, Canadian Solar, etc.), and regional breakdowns (UAE, Egypt, Saudi Arabia) in this comprehensive analysis projecting strong growth through 2033. Recent developments include: In December 2022, Yemen's Ministry of Electricity signed a joint cooperation agreement with Masdar to build a 120-MW solar park in Aden to alleviate peoples' suffering in the war-ravaged Arab country. Under the agreement, Masdar will also build transmission lines and conversion stations to distribute the solar park's energy to the city's neighborhoods., In November 2022, Oman Power and Water Procurement Compan (OPWP) announced the launch of a tender to select independent power producers (IPPs) to develop the 500 MW Ibri III Solar IPP Project. The solar power project is scheduled to be commissioned by Q4 2026.. Notable trends are: Utility Sector to Dominate the Market.

USD 10.56 Million in 2024; projected USD 38.23 Million by 2033; CAGR 15.41%.

USD 233.55 Million in 2024; projected USD 521.54 Million by 2033; CAGR 9.32%.

As of 2024, the solar energy capacity in Egypt amounted to ***** megawatts. This represented a peak in the period observed. Moreover, a significant increment in solar energy capacity could be recognized since 2017, while between 2019 and 2021 the capacity remained relatively stable.

USD 5.46 Million in 2024; projected USD 15.53 Million by 2033; CAGR 12.26%.

Middle-East and Africa Solar Photovoltaic (PV) Market is Segmented by End-User (Residential, Commercial, and Utility) and Geography (United Arab Emirates, Egypt, Saudi Arabia, South Africa, and the Rest of the Middle East and Africa). The report offers the market size and forecasts in installed capacity (MW) for all the above segments.

Snapshot img { margin: 10px !important; } Floating Solar Panels Market Size 2025-2029

The floating solar panels market size is forecast to increase by USD 1.0 billion, at a CAGR of 18.9% between 2024 and 2029.

The global floating solar panels market is expanding, driven by the increasing demand for renewable energy and supportive government policies aimed at decarbonization. A key trend shaping this growth is the proliferation of large-scale and offshore projects, which leverage untapped water surfaces for distributed solar power generation. This move toward larger installations in the floating power plant market reflects growing confidence in the technology's viability and its role in meeting ambitious clean energy targets. These systems often utilize advanced floating pv mounting systems designed for durability and performance. Innovations in solar panel recycling market are also becoming pertinent as the industry scales.Despite the positive outlook, the market's progress is moderated by the presence of complex and often ambiguous regulatory frameworks. The nascent permitting processes for these unique installations create significant uncertainty for developers, potentially delaying project timelines and increasing costs. This lack of standardized regulations for floatovoltaics across different jurisdictions presents a notable challenge to investment and streamlined deployment. As the industry matures, addressing these regulatory inconsistencies will be crucial for unlocking the full potential of floating solar panels and ensuring sustainable growth in the broader context of renewable energy infrastructure.

What will be the Size of the Floating Solar Panels Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe global floating solar panels market continues to evolve, with ongoing advancements in photovoltaic systems and material science. Innovations in high-density polyethylene and other corrosion-resistant materials are improving the durability of floating pv mounting systems. The development of robust mooring and anchoring systems is critical for ensuring the stability of these installations in diverse aquatic environments, from calm reservoirs to more dynamic nearshore locations. As the floating power plant market matures, the focus remains on enhancing the structural integrity and operational lifespan of these assets, which often includes the use of bifacial modules to maximize energy capture.Performance optimization remains a central theme, driven by the natural water cooling effect that enhances panel efficiency. The integration of solar tracking systems is becoming more common, further boosting energy yields. These systems are being refined to improve reliability and cost-effectiveness for utility-scale deployment. The market is also exploring advanced applications such as hybrid energy configurations, pairing floatovoltaics with hydropower to improve grid stability. The environmental benefits, including water evaporation reduction and algae growth inhibition, continue to be significant value propositions, particularly in arid regions. The concentrating solar power potential is also being explored.Addressing the ecological footprint is an ongoing activity, with a focus on understanding the long-term aquatic ecosystem impact. Research into the effects on water temperature, light penetration, and dissolved oxygen levels informs best practices for site selection and project design. The development of remote monitoring systems allows for real-time assessment of both performance and environmental interactions. This continuous monitoring is crucial for managing water quality and ensuring the sustainable integration of distributed solar power generation on water bodies, including the growing modular floating docks market.

How is this Floating Solar Panels Industry segmented?

The floating solar panels industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments. ProductStationeryTrackingTechnologyPVCPVCSPCapacityBelow 5 MW5 to 50 MWAbove 50 MWGeographyAPACChinaIndiaJapanSouth KoreaAustraliaIndonesiaNorth AmericaUSCanadaMexicoEuropeGermanySpainFranceItalyThe NetherlandsUKMiddle East and AfricaUAEEgyptSouth AfricaSouth AmericaBrazilChileArgentinaRest of World (ROW)

By Product Insights

The stationery segment is estimated to witness significant growth during the forecast period.The stationery segment holds a dominant position in the market, primarily due to its cost-effectiveness, simpler engineering, and lower maintenance requirements compared to tracking systems. These fixed floating solar panels are anchored in a single position, making them well-s

Snapshot img

Solar Home Systems Market Size 2025-2029

The solar home systems market size is forecast to increase by USD 4.29 billion, at a CAGR of 24.5% between 2024 and 2029.

The market exhibits robust growth, driven by the increasing availability of favorable financing options for consumers. This financing accessibility enables more households to invest in solar systems, expanding the market's reach and customer base. Another significant driver is the growing support from non-governmental organizations (NGOs), which are actively promoting the adoption of solar home systems in developing countries. However, the market faces challenges from alternative sources of energy, such as biomass and grid-connected power. These competitors put pressure on solar home system providers to offer competitive pricing and superior value propositions to maintain market share. Companies in this market must navigate these challenges by continuously innovating, improving efficiency, and collaborating with NGOs and financial institutions to expand their customer base and strengthen their market position.

What will be the Size of the Solar Home Systems Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and increasing demand for clean, sustainable energy solutions. Solar home systems encompass a range of applications, from stand-alone systems for remote locations to on-grid systems for residential and commercial use. These systems integrate various components, including solar panels, mounting systems, charge controllers, power optimizers, wiring harnesses, and energy management systems. Applications of solar home systems extend beyond electricity generation for home appliances. They also provide emergency power during grid outages, contribute to grid stability, and offer energy consumption monitoring. Solar water heaters and hybrid systems further expand the market's reach. Off-grid systems, particularly in rural areas, play a crucial role in rural electrification. Market dynamics are influenced by factors such as solar irradiance, capacity factor, peak sun hours, and system efficiency. The integration of smart meters and energy yield monitoring enhances the overall performance and cost-effectiveness of these systems. Lithium-ion batteries and dc-ac converters facilitate energy storage and ensure consistent power supply. The ongoing development of solar regulators, power optimizers, and other components continues to improve system performance and reduce maintenance costs. The integration of led lighting and demand-side management further enhances energy efficiency and carbon footprint reduction. The payback period for solar home systems is becoming increasingly attractive, making them a viable and cost-effective alternative to traditional energy sources. The market is characterized by continuous innovation and growth, driven by the increasing importance of clean, sustainable energy solutions. This dynamism is reflected in the integration of various components, such as solar panels, wiring harnesses, charge controllers, and energy management systems, into complete solar home systems. The market's evolution is shaped by factors such as solar irradiance, capacity factor, and peak sun hours, as well as advancements in technology and changing consumer demands.

How is this Solar Home Systems Industry segmented?

The solar home systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypePAYG productsCash productsDistribution ChannelOfflineOnlineProduct TypeOff-gridOn-gridGeographyNorth AmericaUSMiddle East and AfricaEgyptSouth AfricaUAEAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The payg products segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth, driven by the adoption of innovative Pay-As-You-Go (PAYG) models. These systems, popular in underserved regions, eliminate the need for upfront payments, enabling customers to purchase solar solutions through manageable installments. Solar panels and lithium-ion batteries are installed at homes, while payments are made on a daily, weekly, or monthly basis. Mobile money services and other convenient payment methods facilitate transactions. PAYG systems utilize remote monitoring technology to track payment status and usage, allowing providers to deactivate systems if necessary. Solar pumps, electricity generation, and grid connection are integral components, with demand-side management and energy management systems optimizing power consumption. Capacity factor, carbon footprint redu

US Solar Energy Market Outlook

The US Solar Energy Market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 16.48% during 2023 – 2031. The growth of the market is attributed to the increasing number of solar photovoltaic projects under construction, in pipeline, and in planning stages in the country.



Solar energy is one of the most accessible and environment preferable renewable energy sources on the planet. Solar energy is the radiant energy released by the sun that can be stored using photovoltaic cells, solar heating, and other technologies. It is a cost-effective and practical renewable energy solution for rising global warming, greenhouse gas emissions, and unconventional energy.

The United States, along with China, Germany, and Spain, possesses the world's largest solar storage resources. Solar energy is not always produced at the time of need, therefore it is important to store the solar energy in a reliable form. Solar energy storage is generally divided into three categories namely thermal storage, mechanical storage, and battery storage.



Thermal storage uses mediums, such as molten salt or water to absorb and retain heat from the sun. This medium is kept in an insulated tank till the requirement of energy. Mechanical storage transforms additional electrical power into mechanical power, which is converted back into electricity whenever needed. Electricity generated by steam-driven turbines or solar cells can be stored using batteries when the sun shines. Energy is stored in the form of electrochemical potential or super capacitors in batteries. When needed, the solar energy can be released.



The COVID-19 pandemic outbreak had negatively impacted the US solar energy market. During the pandemic, the lockdown imposed by government body had resulted in temporary shutdown of manufacturing plant of solar projects. As a result, the global supply chain of raw materials across the country had been completely disrupted. Additionally, the pandemic had adversely delayed the <a href="https://growthmarketreports.com/report/solar-power-market-spain-industry-analysis" target="_blank"

The size of the Egypt Power EPC Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 2.50% during the forecast period. Recent developments include: November 2022: Doosan Enerbility secured a KRW 1.6 trillion (USD 1.2 billion) contract from Korea Hydro and Nuclear Power (KHNP) to build a turbine island at the El Dabaa Nuclear Power Plant (NPP) in Egypt., April 2021: a consortium of Germany's Belectric and Athens-headquartered Consolidated Contractors Company (CCC) has been awarded a contract to build and operate a 50MW photovoltaic (PV) solar plant in Zafarana, Egypt, by the New & Renewable Energy Authority (NREA) of Egypt. The project is being funded by the German Development Bank (kfW).. Notable trends are: Conventional Thermal Segment Expected to Dominate the Market.

Romania Solar Energy Market Outlook 2031

The Romania Solar Energy Market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 8.9% during the forecast period, 2023 to 2031. The growth of the market is attributed to some key factors such as rising demand for renewable energy, forthcoming investments in the energy industry, and supporting government regulations.



Solar energy is a process of generating electricity form solar radiation that may produce heat, and cause chemical mechanisms. The effect of greenhouse gas emission and global warming can be significantly controlled by increasing use of emerging renewable solutions and efficient form of unconventional energy. Romania has launched a slew of regulations aimed at bolstering the renewable energy sector, particularly solar power.

These measures aimed at assisting in meeting the European Union's (EU) greenhouse gas emission obligations set forth in its legislative package. Moreover, the government adopted a memorandum in June 2020 to implement low-carbon power assistance mechanisms such as the Contract for Difference programme (CfD).



The Casa Verde Fotovoltaice (green PV home) initiative, which supported domestic solar installations under Romania's net metering system, was expected to receive about USD 63.7 million in funding from the Romanian Ministry of Environment.

The COVID-19 outbreak had negative impact on the Romanian Solar Energy Market in terms of production and supply. Due to the shutdown, Romania's renewable energy generation had dropped drastically by 2020 due to a sudden disruption to the supply chain in the first half of 2020. However, the energy sector is gradually expanding significantly over the years due to high international pressure for sustainable environment.

Romania Solar Energy Market Trends, Drivers, Restraints, and Opportunities

• <sp

Solar EPC Market Outlook

According to our latest research, the Global Solar EPC market size was valued at $52.4 billion in 2024 and is projected to reach $129.7 billion by 2033, expanding at a CAGR of 10.7% during 2024–2033. The primary driver fueling this remarkable growth is the increasing global shift towards renewable energy sources, as governments, corporations, and consumers intensify efforts to reduce carbon emissions and transition to sustainable power generation. The Solar EPC (Engineering, Procurement, and Construction) market is experiencing heightened demand due to the falling cost of solar PV modules, advancements in solar technology, and robust policy frameworks that incentivize solar adoption across utility, commercial, and residential sectors. This dynamic landscape is further bolstered by the urgent need for energy security and the diversification of power generation portfolios, making Solar EPC a pivotal component of the global energy transition.

Regional Outlook

Asia Pacific currently holds the largest share of the global Solar EPC market, accounting for approximately 48% of total market value in 2024. This dominance is primarily attributed to the rapid expansion of solar installations in China, India, Japan, and Australia, where favorable government policies, ambitious renewable energy targets, and significant investments in solar infrastructure have created a mature and competitive market landscape. China, as the world’s largest solar market, leads in both capacity additions and EPC project execution, driven by strong state support, a robust manufacturing base, and aggressive decarbonization goals. The region’s established supply chain, abundant solar resources, and ongoing urbanization further reinforce its leadership position. Additionally, the presence of several global EPC contractors and module manufacturers in Asia Pacific ensures continued innovation and cost efficiencies, making it a focal point for large-scale utility and commercial solar projects.

Middle East & Africa is emerging as the fastest-growing region in the Solar EPC market, with a projected CAGR of 13.5% from 2024 to 2033. This growth is propelled by substantial investments in solar infrastructure, particularly in the Gulf Cooperation Council (GCC) countries, where governments are leveraging abundant solar irradiance to diversify their energy mix and reduce reliance on fossil fuels. Landmark projects such as the Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates and the Benban Solar Park in Egypt exemplify the scale and ambition driving regional expansion. The region’s favorable regulatory environment, coupled with international funding and public-private partnerships, is accelerating the deployment of both utility-scale and distributed solar systems. As energy demand continues to rise and decarbonization becomes a strategic priority, the Middle East & Africa region is poised to become a key growth engine for the global Solar EPC market.

Latin America and other emerging economies are witnessing a steady increase in solar EPC activity, albeit with unique adoption challenges. Countries such as Brazil, Mexico, and Chile are experiencing localized demand growth, driven by rising electricity needs, supportive policy frameworks, and decreasing solar installation costs. However, these markets often grapple with regulatory uncertainties, financing constraints, and supply chain bottlenecks that can impede project execution and scale-up. Despite these hurdles, the growing awareness of the economic and environmental benefits of solar power, along with targeted government incentives, is gradually unlocking new opportunities for EPC contractors. These emerging markets present significant long-term potential, particularly as grid modernization efforts and international climate commitments drive further adoption of solar technologies.

Report Scope