Saudi Arabia Solar PV Mounting Systems Market By Technology

Synopsis
The above chart is Saudi Arabia Solar PV Mounting Systems Market By Technology (USD Million)

Market Dynamics

the solar energy sector has seen a rapid growth globally in recent years, driven by increasing concerns about climate change and the need to shift towards sustainable and renewable energy sources. saudi arabia, being one of the largest oil producing countries in the world, has also recognized the importance of diversifying its energy mix and has set ambitious targets for renewable energy production. as a result, there is a growing demand for solar pv mounting systems in the country. solar pv mounting systems are an essential component in the solar energy value chain, responsible for supporting and mounting solar panels on rooftops, ground, or other structures. in saudi arabia, the demand for such systems is mainly driven by the growing installation of solar energy projects, both in the commercial and residential sectors. one of the key technologies driving the demand for solar pv mounting systems in saudi arabia is the fixed-tilt technology. this technology involves mounting solar panels at a fixed angle throughout the year, providing maximum exposure to sunlight. it is the most commonly used technology in the country for commercial and utility-scale solar projects due to its cost-effectiveness and ease of installation. another significant technology in demand is the tracking technology, which involves mounting solar panels on a structure that moves to follow the sun's path throughout the day. this technology is more efficient in capturing sunlight and can generate up to 20-35% more energy than fixed-tilt systems. as saudi arabia has abundant sunlight, tracking technology is ideal for maximizing energy generation and is gaining popularity in utility-scale solar projects in the country. in addition to these two primary technologies, there is also a growing demand for floating solar pv mounting systems in saudi arabia. these systems are installed on water bodies, such as lakes or reservoirs, and are gaining traction due to the country's large number of desalination plants, which provide a suitable water surface for installation. furthermore, floating solar systems have a lower environmental and social impact, making them a preferred choice for projects in areas with sensitive ecosystems. in conclusion, the demand for solar pv mounting systems in saudi arabia is primarily driven by fixed-tilt and tracking technologies for utility-scale projects and the emergence of floating systems in desalination facilities. with the government's strong support and increasing awareness about the benefits of solar energy, the demand for these systems is expected to continue to grow in the coming years.