Analysis of Photovoltaic Panel Market in Pakistan

About Analysis of Photovoltaic Panel Market in Pakistan

The Pakistan Solar Energy Market is expected to reach 1.41 gigawatt in 2024 and grow at a CAGR of 46.55% to reach 9.53 gigawatt by 2029. Zonergy, Yellow Door Energy, Alpha Renewables (SMC-Pvt) Ltd, Shams Power Limited and Reon Energy Limited are the major companies operating in this market.

The analysis of available market data on the PV market in Pakistan. The main sources of information were the Alternative Energy Development Board (AEDB), the National Electric Power Regulatory Authority (NEPRA) and the customs authorities. Carrying out a survey with selected actors in the PV value chain.

Pakistan Solar PV Panels Market Drivers and Challenges. Pakistan Solar PV Panels Price Trends. Pakistan Solar PV Panels Porter's Five Forces. Pakistan Solar PV Panels Industry Life Cycle. Historical Data and Forecast of Pakistan Solar PV Panels Market Revenues & Volume By Technology for the Period 2020 - 2030.

Access a live Pakistan Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035 dashboard for 12 months, with up-to-the-minute insights. Fuel your decision making with real-time deal coverage and media activity.

The Pakistan Solar Energy Market size in terms of installed base is expected to grow from 1.41 gigawatt in 2024 to 9.53 gigawatt by 2029, at a CAGR of 46.55% during the forecast period (2024-2029).

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6 FAQs about [Analysis of Photovoltaic Panel Market in Pakistan]

What is the solar PV market in Pakistan?

According to GlobalData, solar PV accounted for 3% of Pakistan’s total installed power generation capacity and 0.98% of total power generation in 2021. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Pakistan Solar PV Analysis: Market Outlook to 2035 report. Buy the report here.

What is Pakistan's new solar PV auction plan?

In August 2023, the Government of Pakistan designed a new solar PV auction plan to deploy 9 gigawatts of solar PV power. This clean energy initiative will involve installing 6 gigawatts of large-scale solar PV projects, 2 gigawatts of medium-scale solar PV projects, and 1 gigawatt of rooftop solar PV capacity.

What is photovoltaic & concentrated solar power market research report?

The market research report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment & financing scenario in the Pakistan.

What is the outlook for solar PV installation?

According to Blackridge Research, the outlook for solar PV installation remains strong in the medium term, and the market is expected to expand during the forecast period due to compelling economics, and decarbonization commitments by various stakeholders.

Is solar PV a viable long-term solution to Pakistan's energy needs?

The country has been facing a significant energy de-ficit for the past decade, with power shortfalls stan-ding at 5 GW8 and load shedding across the country varying between 5 to 12 hours a day, with rural areas bearing the brunt of load shedding. Solar PV could be a viable and cost-efective long-term solution to meet Pakistan’s energy needs.

Are PV panels imported into Pakistan?

Apart from minor accessories such as wiring and panel mounting structures, 80 percent of PV compo-nents are currently being imported into the country. Currently, five companies in Pakistan are conducting the local ‘assembly’ of panels. However, imported panels are preferred. The PV panel landscape in the country is provided in Figure 9 below.