GCC Building Integrated Solar Module Market

BIPM Types

Glazing

Organic PV/ Thin Film

Shading Device

Pitched Roofs

Façade Systems

Highlights

GCC could save up to USD200 billion by 2030 providedrenewable energy targets are achieved.

Government initiatives such as Shams Dubai andDubai net metering policy encourages users toimplement BIPM systems.

Kingdom of Saudi Arabia is projected to spendUSD100 billion on renewable energy over next 20years.

GCC will require additional 100 GW power over next10 years to cope up with rising demand.

More than 60% of GCC’s surface area has excellentsuitability for PV system installation.

The cost of solar power in UAE declined to record lowof USD0.06 per KWh, which is cheaper than powerproduced from other sources.

GCC total renewable energy projects under execution, by country (2016)

Source: IRENA, MEED Projects

KSA,

70%

UAE,

16%

Kuwait,

10%

Qatar,

2%

Oman,

1%Bahrain

, 1%

USD90 Billion

Industry,

48.25%

Transport,

33.67%

Commercial

, 5.35%

Residential,

10.07%

Others,

2.66%

GCC average energy consumption, by

end users, by value, 2016

Sector Bahrain Kuwait Oman Qatar Saudi Arabia UAE

Residential 0.9 0.8 2.6 2.2-6.0 1.3 5.6-12.1

Commercial 0.9 0.8 5.2 2.5-4.9 3.2 4.2-12.1

Industrial 3.7 0.4 4.2 2.2 4.1 4.2-12.1

GCC average electricity tariff, by country, by sector, 2015 (US Cents/KWh)

Source: TechSci Research Estimates

The demand for electricity consumption in GCC has

been growing at an average rate of 7%-8% per

annum. The government is required to double their

electricity generating capacity every year to cope up

with the rising energy demand in the region.

Moreover, the decline in oil revenue compelled

government to revoke subsidies on electricity prices,

thereby deeming it costly.

The rising cost competitiveness of solar equipment

would enhance their integration in Commercial as well

as residential buildings during the forecast period.

GCC BIPM market share, by country, by value, 2016

UAE, 65.42%KSA,

11.80%

Kuwait, 9.31%

Qatar, 6.78%

Oman, 4.14%

Bahrain, 2.55%

2016

USD13.5 Million

0.86 0.84 0.790.74

0.66

0.53 0.50 0.47 0.46 0.44 0.43

0.00

0.20

0.40

0.60

0.80

1.00

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

GCC Solar PV module average selling price, by value, 2012-2022F (USD/Wp)

Source: TechSci Research Estimates

Source: TechSci Research Estimates

The total market size for GCC Building

Integrated Photovoltaic Module corresponds to

USD13.5 million in 2016.

The market is largely dominated by import

modules and major exporting countries in GCC

nations are China and Malaysia which constitutes

more than 83% of total export in GCC nations.

Saudi Arabia

GCC Renewable Energy Targets

41 GW Solar Powered Energy Generation by 2040

United Arab Emirates

24% Energy Generation through Clean Energy by 2021

Oman Vision 2020 aims to diversify from oil based economy

Kuwait 10 GW solar power generation capacity by 2030

Bahrain 5% Electricity generation through clean Energy by 2020

Qatar 20% Electricity generation through clean Energy by 2030

GCC countries anticipates a cumulative carbon emission reduction of 1 GT through clean energy power generation by 2030

1% of GCC Total Surface Area would Support Installation of 470 GW Capacity Solar Plants

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