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Market Research Report

GCC Flexible Plastic Solar Panel Industry Analysis: Market Trends, Size, Share, Scope, Demand, Growth Drivers, Challenges, Overview, & Forecast 2017-2025

Published On : 2018-06-14 Report Page : 210 Category: Energy Resources

GCC Flexible Plastic Solar Panels (Organic Photovoltaic Cells) Market 2017-2025

Electricity consumption in GCC has been rising at a typical rate of 7%-8% per annum. The government is planning to increase their electricity generating capacity every year by twofold to cope up with the rising energy demand in the region. Further, the GCC countries are focusing on advanced renewable energy generation technologies in order to meet growing electricity demand without harming environment. Organic photovoltaics, also known as flexible plastic solar cells are among advanced solar panel techgnologies, offer the GCC a vast opportunity in the construction industry for solar power. The cell produces electricity by absorbing particles of light, or photons. Intrinsic advantages of the organic photovoltaics include ultra-low engineering cost, lightweight, flexibility, and the capability to be inverted as well as integrated into roofs, facades, windows and cars. Further, the rising cost competitiveness of solar equipment would enhance their integration in Commercial as well as residential buildings during the forecast period.

Goldstein Research analyst forecast, the total market size for GCC building integrated photovoltaic module corresponds to USD 15.8 million in 2016, which provides the immense opportunities for organic PV cells to flourish in this regions. Further, GCC flexible plastic solar panel industry is anticipated to grow at a CAGR of 21.5% over the forecast period as investments by the new and existing market players in the region is expected to upsurge in coming years to cater the huge demand in construction and energy sector.

GCC Flexible Plastic Solar Panels Market Segmentation

By Applications Type

  • Building Integrated PV
  • Mobile Applications
  • Conventional solar applications
  • Defense applications

Based on applications type, building integrated accounted for the lion share of more than 67% of total flexible plastic solar panels market in GCC. Further, building integrated organic PV cells market is anticipated to grow at a faster pace owing to its aesthetic appeal and low cost which is likely to further fueled by the healthy growing construction industry of GCC.

By End-User

  • Industrial Sector
  • Residential Sector
  • Commercial Sector

By Geography

  • Saudi Arabia Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}
  • UAE  Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}
  • Kuwait Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}
  • Qatar  Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}
  • Oman Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}
  • Bahrain Flexible Plastic Solar Panels Market {Market Share (%), Market Size (USD Million)}

Based on geography, UAE region harnessed largest revenue share of more than 61.3% in 2017 of the GCC flexible plastic solar panels market, while the Kingdom of Saudi Arabia enjoyed the highest growth rate, expanding by 24% per annum during the past decade. Moreover, the market is largely dominated by import modules and major exporting countries in GCC nations are China and Malaysia which constitutes more than 83% of total export in GCC nations.

Covered In This GCC Flexible Plastic Solar Panels Industry Report

The report covers the present ground scenario and the future growth prospects of the Flexible Plastic Solar Panels market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

GCC Flexible Plastic Solar Panels Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the GCC Flexible Plastic Solar Panels market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Flexible Plastic Solar Panels Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our GCC Flexible Plastic Solar Panels market report comprises of the following companies as the key players: Heliatek GmBH, BASF SE, Sumitomo Chemical Co. Ltd., Solarmer Energy Inc., Disa Solar, Mitsubishi Chemical Corporation, BELECTRIC OPV GmBH and New Energy Technologies etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key Questions Answered In This GCC Flexible Plastic Solar Panels Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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GCC Flexible Plastic Solar Panel Industry Analysis: Market Trends, Size, Share, Scope, Demand, Growth Drivers, Challenges, Overview, & Forecast 2017-2025

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