Key Insights
The Egypt solar PV industry is experiencing robust growth, driven by the government's ambitious renewable energy targets and the country's high solar irradiance. The market, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR and market size information), is projected to expand at a compound annual growth rate (CAGR) of 9.05% from 2025 to 2033. Key drivers include increasing electricity demand, government incentives and subsidies promoting solar energy adoption, and declining solar PV technology costs. The shift towards distributed generation, particularly off-grid solar solutions for rural electrification, represents a significant trend, alongside the growing interest in large-scale solar farms. However, challenges remain, including the need for grid infrastructure upgrades to accommodate the influx of renewable energy and securing long-term financing for large-scale projects. The market is segmented by deployment type, with both on-grid and off-grid systems contributing significantly to the overall growth. Major players like Scatec ASA, ACWA Power, and EDF, along with domestic companies like KarmSolar and Egyptian Electricity Holding Company, are shaping the competitive landscape. The forecast period (2025-2033) promises further expansion, driven by continued policy support and technological advancements. The significant foreign investment and participation of international players signal a strong confidence in the long-term prospects of the Egyptian solar PV sector.
The competitive landscape is dynamic, with both large multinational corporations and local players vying for market share. The strategic partnerships between international and domestic firms are fostering technology transfer and local capacity building. The focus on improving energy access and affordability is stimulating innovation in off-grid solutions, particularly for residential and commercial applications. While challenges related to land acquisition, regulatory frameworks, and grid integration persist, the overall outlook for the Egyptian solar PV market remains positive. The consistent government commitment to renewable energy development, coupled with the abundant solar resources, positions Egypt as a key player in the global solar PV market. The expected growth will generate employment opportunities and contribute to the country's economic development while reducing its carbon footprint.
Egypt Solar PV Industry: Market Report 2019-2033
This comprehensive report provides an in-depth analysis of the Egypt solar PV industry, covering market dynamics, growth trends, key players, and future outlook. The report analyzes the parent market (Renewable Energy in Egypt) and the child market (Solar PV within Egypt's renewable energy sector), offering granular insights for investors, industry professionals, and strategic decision-makers. The study period spans 2019-2033, with 2025 as the base and estimated year.

Egypt Solar PV Industry Market Dynamics & Structure
The Egyptian solar PV market is experiencing significant growth, driven by government initiatives aimed at increasing renewable energy generation. Market concentration is moderate, with a mix of large international players and domestic companies. Technological innovation is accelerating, with a focus on improving efficiency and reducing costs. The regulatory framework is supportive, with various incentives and policies promoting solar PV adoption. However, challenges remain, including grid infrastructure limitations and financing constraints. M&A activity is increasing, with strategic partnerships and acquisitions shaping the competitive landscape.
- Market Concentration: Moderate, with a mix of large multinational corporations and smaller domestic players. International players hold approximately xx% market share, while domestic players account for the remaining xx%.
- Technological Innovation: Focus on higher efficiency PV modules, advanced energy storage solutions, and smart grid integration. Innovation barriers include high upfront investment costs and limited access to advanced technologies.
- Regulatory Framework: Supportive, with feed-in tariffs, tax incentives, and streamlined permitting processes. However, regulatory clarity and enforcement remain areas for improvement.
- Competitive Product Substitutes: Other renewable energy sources (wind, hydro) compete for investment and market share. However, solar PV's cost-effectiveness and scalability provide a strong competitive advantage.
- End-User Demographics: Primarily utility-scale projects, followed by commercial and residential installations. The increasing affordability of solar PV is expanding the residential market segment.
- M&A Trends: Increasing activity, driven by strategic partnerships between international and domestic companies. Deal volume is estimated at xx transactions in the past 5 years, with an average deal value of xx million USD.
Egypt Solar PV Industry Growth Trends & Insights
The Egyptian solar PV market exhibits robust growth, driven by supportive government policies, increasing energy demand, and declining technology costs. The market size has experienced significant expansion during the historical period (2019-2024), with a Compound Annual Growth Rate (CAGR) of xx%. This growth is projected to continue during the forecast period (2025-2033), with a projected CAGR of xx%, reaching a market size of xx million USD by 2033. This growth reflects an increasing adoption rate, particularly in the utility-scale sector. Technological disruptions, including advancements in PV module efficiency and energy storage, are further accelerating market growth. Consumer behavior is shifting towards greater acceptance of renewable energy sources, fueled by environmental awareness and cost savings. Market penetration is steadily increasing, with a significant portion of new electricity generation capacity coming from solar PV.

Dominant Regions, Countries, or Segments in Egypt Solar PV Industry
The On-Grid segment dominates the Egyptian solar PV market, driven by large-scale utility projects and government support. This segment accounts for approximately xx% of the total market. The Off-Grid segment, while smaller, is showing substantial growth potential, particularly in rural areas with limited grid access.
Key Drivers for On-Grid Dominance:
- Government targets for renewable energy integration.
- Large-scale solar PV projects under development.
- Availability of funding for utility-scale projects.
- Favorable regulatory environment.
Key Drivers for Off-Grid Growth:
- Increasing demand for electricity in remote areas.
- Decreasing costs of off-grid solar PV systems.
- Government initiatives to promote rural electrification.
Egypt Solar PV Industry Product Landscape
The Egyptian solar PV market features a diverse range of products, including polycrystalline and monocrystalline PV modules, inverters, mounting systems, and energy storage solutions. Technological advancements are focused on improving efficiency, durability, and cost-effectiveness. Unique selling propositions often include tailored solutions for specific climate conditions and grid integration requirements.
Key Drivers, Barriers & Challenges in Egypt Solar PV Industry
Key Drivers:
- Government policies promoting renewable energy adoption.
- Decreasing costs of solar PV technology.
- Increasing energy demand and electricity shortages.
- Foreign direct investment in renewable energy projects.
Key Challenges:
- Grid infrastructure limitations, hindering the integration of large-scale solar PV projects.
- Financing constraints for smaller-scale projects.
- Land acquisition issues for large solar PV plants.
- Supply chain disruptions impacting the availability and cost of components.
Emerging Opportunities in Egypt Solar PV Industry
Emerging opportunities include the expansion of the off-grid market, particularly in rural areas. The growing demand for energy storage solutions presents significant potential. Innovative financing models, such as power purchase agreements (PPAs), are facilitating wider adoption. The integration of solar PV with other renewable energy sources presents opportunities for hybrid projects.
Growth Accelerators in the Egypt Solar PV Industry
Long-term growth will be propelled by continued government support, further declines in technology costs, and advancements in energy storage. Strategic partnerships between international and domestic companies will play a crucial role. Market expansion into previously underserved areas will also contribute to sustained growth.
Key Players Shaping the Egypt Solar PV Industry Market
- Scatec ASA
- ACWA Power
- Électricité de France S A (EDF)
- Cairo Solar
- Abengoa SA
- JinkoSolar Holding Co Ltd
- Canadian Solar Inc
- Egyptian Electricity Holding Company
- KarmSolar
- Masdar Clean Energy
- Infinity Solar
Notable Milestones in Egypt Solar PV Industry Sector
- November 2022: AMEA Power secured financing for 1 GW of renewable energy projects in Egypt, including 500 MW of solar capacity (USD 1.1 billion investment).
- April 2023: Egypt announced plans to build a 200 MW utility-scale solar plant in Kom Ombo, contributing to the government's 42% renewable energy target by 2035.
In-Depth Egypt Solar PV Industry Market Outlook
The Egyptian solar PV market holds significant long-term potential, driven by ambitious government targets, strong investor interest, and technological advancements. Strategic partnerships and innovative financing solutions will be key to unlocking this potential. The focus will shift towards optimizing grid integration, enhancing energy storage capabilities, and expanding into off-grid and distributed generation markets. The market is poised for sustained growth, driven by a combination of favorable policies, technological innovation, and growing energy demand.
Egypt Solar PV Industry Segmentation
-
1. Deployment
- 1.1. On-Grid
- 1.2. Off-Grid
Egypt Solar PV Industry Segmentation By Geography
- 1. Egypt

Egypt Solar PV Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.05% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Declining Price of Solar PV Modules4.; Rising Supportive Government Policies in the Country
- 3.3. Market Restrains
- 3.3.1. 4.; Increasing Adoption of Alternate Renewable Technology
- 3.4. Market Trends
- 3.4.1. On-Grid is Expected to witness Significant Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Egypt Solar PV Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 5.1.1. On-Grid
- 5.1.2. Off-Grid
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Egypt
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 5 Scatec ASA
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 1 ACWA Power
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 6 Électricité de France S A (EDF)*List Not Exhaustive
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 4 Cairo Solar
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 4 Abengoa SA
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 3 JinkoSolar Holding Co Ltd
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 2 Canadian Solar Inc
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Domestic Players
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 1 Egyptian Electricity Holding Company
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Foreign Players
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 2 KarmSolar
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.12 5 Masdar Clean Energy
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 3 Infinity Solar
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.1 5 Scatec ASA
List of Figures
- Figure 1: Egypt Solar PV Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Egypt Solar PV Industry Share (%) by Company 2024
List of Tables
- Table 1: Egypt Solar PV Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Egypt Solar PV Industry Revenue Million Forecast, by Deployment 2019 & 2032
- Table 3: Egypt Solar PV Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Egypt Solar PV Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Egypt Solar PV Industry Revenue Million Forecast, by Deployment 2019 & 2032
- Table 6: Egypt Solar PV Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Egypt Solar PV Industry?
The projected CAGR is approximately 9.05%.
2. Which companies are prominent players in the Egypt Solar PV Industry?
Key companies in the market include 5 Scatec ASA, 1 ACWA Power, 6 Électricité de France S A (EDF)*List Not Exhaustive, 4 Cairo Solar, 4 Abengoa SA, 3 JinkoSolar Holding Co Ltd, 2 Canadian Solar Inc, Domestic Players, 1 Egyptian Electricity Holding Company, Foreign Players, 2 KarmSolar, 5 Masdar Clean Energy, 3 Infinity Solar.
3. What are the main segments of the Egypt Solar PV Industry?
The market segments include Deployment.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Declining Price of Solar PV Modules4.; Rising Supportive Government Policies in the Country.
6. What are the notable trends driving market growth?
On-Grid is Expected to witness Significant Growth.
7. Are there any restraints impacting market growth?
4.; Increasing Adoption of Alternate Renewable Technology.
8. Can you provide examples of recent developments in the market?
April 2023: Egypt announced to build a 200 MW utility-scale solar plant in the country, which is expected to be completed by the following year. This Kom Ombo plant will contribute to the government's plant of generating 42% renewable electricity by 2035 in Egypt.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Egypt Solar PV Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Egypt Solar PV Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Egypt Solar PV Industry?
To stay informed about further developments, trends, and reports in the Egypt Solar PV Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence