Kuwait solar energy market cover

Kuwait Solar Energy Market by Type [Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)] - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2155
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 193
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The Kuwait solar energy market size is estimated to register a significant CAGR of more than 15% during the forecast period, 2021–2028. The growth of the market is attributed to decline in solar module prices owing to increased competition, as well as government measures to increase the percentage of renewables in the main energy mix.

Solar energy is an important source of renewable energy, and depending on how it captures and distributes solar energy or converts it to solar power, its technologies are classified as passive or active solar. To harness the energy, active solar approaches include photovoltaic systems, concentrated solar power, and solar water heating. Orienting a structure to the sun, selecting materials with favorable thermal mass or light-dispersing characteristics, and creating areas that naturally circulate air are all examples of passive solar methods.

Kuwait solar energy market summary

When compared to other energy sources, solar energy has the least harmful influence on the environment. It doesn't emit greenhouse gases and doesn't harm the environment. It requires relatively less water for maintenance, as opposed to nuclear power facilities, which require 20 times the amount of water. Solar energy can be used everywhere as long as there is sunlight. This is especially beneficial in rural areas when there is no other source of energy. There are many individuals in the globe who do not have access to power. Solar systems that are self-contained might be implemented in those areas, improving the lives of millions of people.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing number of solar installations and a need for renewable energy is projected to fuel the market during the forecast period.
  • Rapid growth of the solar power industry is major factor boosting the market in the coming years.
  • High initial investment and intermittent energy supply is expected to hamper the market growth.
  • The need for a huge installation space to put up large solar farms act as major challenge that can restrict the market in the coming years.
  • Technological advancement in the solar power industry is expected to create lucrative opportunities for the market players.

Scope of the Report

The report on the Kuwait solar energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Kuwait Solar Energy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type [Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)]

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alternative Energy Projects Co, Life Energy, Worley Ltd, Jinko Solar Holding Co., Ltd, and TSK Electronica Electricidad SA.

Market Segment Insights

The solar photovoltaic segment is projected to hold a large market share

On the basis of type, the Kuwait solar energy market is bifurcated into solar photovoltaic (PV) and concentrated solar power (CSP). The solar photovoltaic segment is expected to represent a key share of the market during the forecast period. The sun's energy can be turned into electricity, which is known as photovoltaic energy. The solar cells create direct-current electricity, which is then transformed to alternating-current electricity via a power inverter. In the generation of electricity from solar energy, there are grid-connected and stand-alone systems. Grid-connected systems are mostly used in commercial infrastructures. Off-grid systems are used to supply power directly to facilities so that it may be used right away, or into a battery system so that it can be used in the future.

 Kuwait has increased its renewable energy target for 2030 to 4 GW at the Shagaya renewable energy complex. The Shagaya park was first opened in 2012 and was projected to have 2 GW of capacity by 2030.

Kuwait solar energy market typesz

The Dibdibah solar PV project is expected to include five units, each capable of supplying up to 300 MW of power to the grid. The project is scheduled to start producing energy in mid-2022. The Kuwait foundation for advancement of sciences (KFAS) has begun to promote and disseminate renewable energy applications in Kuwait.

In collaboration with the general secretariat of the supreme council for planning, KFAS presented a similar concept as an effort to supply, install, and operate photovoltaic cells in 10 cooperatives and 1,500 dwellings in the current development plan.

Segments

Segments Covered in the Report

The Kuwait solar energy market has been segmented on the basis of

Type

  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)

Key Players

  • Alternative Energy Projects Co
  • Life Energy
  • Worley Ltd
  • Jinko Solar Holding Co., Ltd
  • TSK Electronica Electricidad SA.

 

Competitive Landscape

Key players competing in the Kuwait solar energy market include Alternative Energy Projects Co, Life Energy, Worley Ltd, Jinko Solar Holding Co., Ltd, and TSK Electronica Electricidad SA.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Kuwait solar energy market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. solar energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. solar energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. solar energy Market - Supply Chain
  4.5. Global solar energy Market Forecast
     4.5.1. solar energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. solar energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. solar energy Market Absolute $ Opportunity
5. Global solar energy Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. solar energy Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global solar energy Demand Share Forecast, 2019-2026
6. North America solar energy Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America solar energy Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America solar energy Demand Share Forecast, 2019-2026
7. Latin America solar energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America solar energy Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America solar energy Demand Share Forecast, 2019-2026
8. Europe solar energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe solar energy Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe solar energy Demand Share Forecast, 2019-2026
9. Asia Pacific solar energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific solar energy Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific solar energy Demand Share Forecast, 2019-2026
10. Middle East & Africa solar energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa solar energy Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa solar energy Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global solar energy Market: Market Share Analysis
  11.2. solar energy Distributors and Customers
  11.3. solar energy Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Alternative Energy Projects Co
     11.4.2. Life Energy
     11.4.3. Worley Ltd
     11.4.4. Jinko Solar Holding Co., Ltd
     11.4.5. TSK Electronica Electricidad SA.

Segments Covered in the Report

The Kuwait solar energy market has been segmented on the basis of

Type

  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)

Key Players

  • Alternative Energy Projects Co
  • Life Energy
  • Worley Ltd
  • Jinko Solar Holding Co., Ltd
  • TSK Electronica Electricidad SA.

 

Key players competing in the Kuwait solar energy market include Alternative Energy Projects Co, Life Energy, Worley Ltd, Jinko Solar Holding Co., Ltd, and TSK Electronica Electricidad SA.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Kuwait solar energy market keyplayers

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