Saudi Arabia Solar PV Mounting Systems Market

Growth Outlook

• The Saudi Arabia Solar PV Mounting Systems Market market is on a steady long-term growth path. Segment value stands at roughly USD 51 Mn in 2026 and is projected to reach USD 70 Mn by 2030 — a gain of about 37% over the forecast period, translating to a CAGR in the high single digits.
• The use of solar energy has gained increasing popularity in Saudi Arabia over the past few years, as the country aims to diversify its energy sources and reduce its dependence on oil. This has led to a significant demand for solar photovoltaic (PV) systems, which convert sunlight into electricity.
• What the regional split looks like (2026): Fixed leads, holding roughly 14% of segment value — the single largest regional share. Rooftop is the second-largest contributor. Ground Mounted, Tracking, Residential, PV modules (panels), Commercial, Batteries, Utility, Inverters, Racking and Other Components make up the remainder, in descending order.
• By 2030, Fixed alone is expected to reach USD 10 Mn, with Rooftop at USD 10 Mn.

Market Dynamics

The use of solar energy has gained increasing popularity in Saudi Arabia over the past few years, as the country aims to diversify its energy sources and reduce its dependence on oil. This has led to a significant demand for solar photovoltaic (PV) systems, which convert sunlight into electricity. In this context, the market for solar PV mounting systems in Saudi Arabia is witnessing rapid growth, catering to the rising demand for PV installations. One of the key drivers for this demand is the country's ambitious renewable energy targets. In 2019, the Saudi government announced plans to produce 58.7 gigawatts (GW) of renewable energy by 2030, with a major focus on solar projects. This has created a favorable environment for the growth of the solar PV mounting systems market, as these systems are an essential component of a PV installation. Additionally, the increasing affordability of solar PV systems in Saudi Arabia is also contributing to the demand for mounting systems. With decreasing costs of solar panels and technological advancements, the overall cost of PV installations has reduced significantly in recent years.

This has made solar energy more accessible to a larger section of the population, leading to an increase in the number of PV installations, and thereby driving the demand for mounting systems. Moreover, the government's initiatives to promote the use of solar energy, such as tax incentives and subsidies, are also playing a crucial role in boosting the demand for PV mounting systems. These incentives have not only made solar energy more economically feasible, but also encouraged individuals and businesses to invest in PV installations, leading to a higher demand for mounting systems. Furthermore, the increasing focus on sustainable development and reducing carbon emissions in the country has also contributed to the growth of the solar PV mounting systems market. Many large corporations and industries in Saudi Arabia are now opting for solar energy to reduce their carbon footprint, and PV mounting systems are a vital component in their transition towards sustainable energy sources. In conclusion, the demand for solar PV mounting systems in Saudi Arabia is driven by the country's renewable energy targets, decreasing costs of PV installations, government incentives, and the focus on sustainable development.

With the continued support of the government and increasing awareness about the benefits of solar energy, the market is expected to grow further in the coming years.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.