A wave of the world’s leading solar photovoltaic (PV) module manufacturers is expected to establish production facilities across the Middle East, according to a new report by global consultancy Wood Mackenzie.

In its latest solar PV module manufacturer rankings, Wood Mackenzie highlights Egypt, Oman, Saudi Arabia, Qatar, and the UAE as key expansion destinations as companies seek to diversify operations beyond Asia.

While China remains a leader in solar module manufacturing by scale, emerging players from India, South Korea, and Vietnam are gaining ground, increasingly challenging China’s dominance in the global supply chain.

Seven of the top ten manufacturers now operate in at least three countries, including emerging production hubs such as Cambodia, India, Malaysia, Mexico, and Vietnam—highlighting the industry’s increasing focus on geographic flexibility.

According to Wood Mackenzie, the next growth phase will be shaped by deeper expansion into the Middle East and Africa, advancements in PV technology efficiency, greater vertical integration, and more agile strategies in response to evolving trade policies and regulatory frameworks.

With module prices under continued downward pressure, producers are treading a fine line: balancing cost reductions with ongoing investment in advanced technologies and expansion into new markets.

“Despite financial headwinds, the solar manufacturing industry is quickly repositioning for the next cycle of global growth,” stated Yana Hryshko, head of global solar supply chain at Wood Mackenzie.

“Technology leadership, supply chain control, and geographic agility will define the winners in the years ahead,” she added.