Growing Demand for Electricity Through the Renewable Sources and Government Initiatives are the Factors Driving Kuwait Solar PV System Market in the forecast period of 2019 to 2026

Kuwait Solar PV System Market is expected to grow at a healthy CAGR in the forecast period of 2019 to 2026.

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Drivers: Kuwait Solar PV System Market

  • Growing demand of electricity from renewable source
  • Government support and initiatives

Restraint:

  • The lack of energy efficiency on solar PV system

Opportunity:

  • The most appropriate country for the solar PV market

Challenge:

  • Major dependency on the oil and gas

Market Trends

Kuwait solar PV system market is segmented into five notable segments which are based on the basis of type, component, system type, project type and end user.

  • On the basis of type, the market is segmented into multi-Si, mono-Si and thin film. The mono-Si segment is dominating the market.
  • On the basis of component, the market is segmented into hardware and services
  • On the basis of system type, the market is segmented into grid-tied system, grid-tied system with battery back-up and off-grid system
  • On the basis of project type, the market is segmented into solar roof top, solar car port, solar ground mounted, solar BIPV and others
  • On the basis of end user, the market is segmented into residential, non-residential, commercial and utility

Major Players: Kuwait Solar PV System Market ​​​​​​​

The key market players for Kuwait solar PV system market are listed below:

  • Schneider Electric
  • ABB
  • ACCIONA S.A.
  • Jinko Solar
  • Life Energy Co
  • Aims Power
  • Huawei Technologies Co., Ltd.
  • Alternative Projects Company