UAE Solar Energy Market Size, Industry Growth, and Research Report 2025-2033
Solar Energy Market in UAE 2025:
How Big is the UAE Solar Energy Industry?
The UAE solar energy market size reached 11.0 TWh in 2024. Looking forward, IMARC Group expects the market to reach 73.5 TWh by 2033, exhibiting a growth rate (CAGR) of 22.33% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 11.0 TWh
Market Size in 2033: 73.5 TWh
Market Growth Rate (CAGR) 2025-2033: 22.33%
UAE Solar Energy Market Trends and Drivers:
The future of the UAE solar energy market depends on the drivers of providing clean energy, demand for green electricity, etc. In addition, the market is expanding for the energy diversification perspective of the UAE as presented in the Dubai Clean Energy Strategy 2050 and the Abu Dhabi Energy Strategy 2030, which both intend to increase energy diversification and decrease dependence on fossil sources. These efforts also entailed huge capital investments for mega solar power plants such as the Mohammed bin Rashid Al Maktoum Solar Park, already one of the biggest solar power plants in the world. The amount of sunlight in the area, and technical advances in the field of solar photovoltaic (PV) system also have been a reason impelling the market expansion. Furthermore, due to low-priced solar panels and installations also subsidised by governments, e.g., feed-in tariffs and net metering, rates of residential and commercial solar energy uptake are rising.
The UAE solar energy market will be strongly influenced by next generation technologies and energy storage technologies. Current developments of new technologies in bifacial solar cells and concentrated solar power (CSP) are increasing solar cell efficiency and output power, making solar energy increasingly effective for large-scale use. Given the intermittency issue of solar power, energy storage and in particular battery technology, energy storage systems remain of considerable interest to provide a continuous and uninterrupted supply of energy. Also, the development of photovoltaic-assisted free-standing solar farms and solar-powered desalination generators shows the heterogeneity and variety of the market. In addition, the increasing contribution of public-private partnership, as well as international space partnership, to grid funding and deployment of photovoltaic (PV) power plants is further expanding the growth that is likely to affect the UAE photovoltaic energy market during the forecast period.
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UAE Solar Energy Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Solar Photovoltaic (PV)
- Concentrated Solar Power (CSP)
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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