Year-on-year growth in the market in 2014 is expected to be as high as 50%. And, between the years of 2014 and 2018, annual PV demand is expected to essentially triple — as the region becomes one of the key markets in the world. By 2018, PV demand in the MEA region is predicted to hit 4.4 GW a year, at least.
In 2013, PV demand in the region grew by a very notable 670%. Before 2013, much of the capacity in the region was from small-scale off-grid PV systems, but in 2013 that began to change — with growing on-grid capacity being the driving factor behind the surge to 1 GW. It’s predicted that by 2018 ground-mount systems will represent more than 70% of the market.
Much of the growth in the region has been, until now, driven by just a few economically prosperous countries — South Africa, Israel, etc. When taken together with Saudi Arabia, these countries are “expected to offer stable demand levels within the MEA region over the next few years.” However, the growth is expected to be much more widespread in the coming years.
Middle East & Africa Solar PV Market to Surge by 50% in 2014
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