Saudi Arabia Microgrid Market

A microgrid refers to small-scale power production, which consists of distributed generation facilities that are co-located with their respective loads. A microgrid has the ability to connect and disconnect from the grid, thereby enabling it to work in off-grid and grid-connected mode. The microgrids are mainly for optimal utilization of renewable energy resources such as energy generation resources and storage systems. It also acts as a backup for grids in emergency cases. They are controlled through a microgrid controller and are usually located at or near to the consumption sites.

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The significant factors contributing towards the growth of the Saudi Arabia Microgrid Market include the growing need for uninterrupted power supply and the rapid industrialization in Saudi Arabia. The drastic growth in the population rate of the country will increase the demand for energy storage systems, thus propelling the growth of the market in the region. The government has successfully launched numerous initiatives including the National Transformation Program 2020 (NTP) under Saudi Arabia Vision 2030, which focuses on launching digital infrastructure projects and to provide easy access to health services and improved quality and efficiency of healthcare services. The continuous growth in the infrastructural activities across Saudi Arabia will drive the demand for microgrid over the coming years. Moreover, the expansion in the energy projects, including the Sakara solar power plant and the increasing demand for microgrids in the military, healthcare, and government sector, will further complement the growth of the market. On the other hand, the high installation and maintenance cost of the microgrid is a key factor which will hamper the growing demand for the Saudi Arabia Microgrid Market during the forecast period.

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Based on the Type, the Off-Grid connected segment is expected to grow at a higher CAGR during the forecast period owing to the rising adoption of microgrids in the remote areas of Saudi Arabia. These areas lack access to electricity due to the high cost of fossil fuels used for generating electricity, and the difficulty in transporting the produced electricity to these areas is promoting the usage of microgrids across the country.

Based on the Offering, the software segment is anticipated to lead the market during the forecast period due to the growing adoption of software-as-a-service in the country across various industries, commercial sites, utilities, municipalities, and university campuses. It enables microgrid operators to easily handle and monitor distributed energy resources with integrated load and weather forecasting.

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Various notable players operating in the Saudi Arabia Microgrid market include ABB Saudi Arabia, General Electric Saudi Arabia, Schneider Electric Saudi Arabia, Siemens Saudi Arabia, Eaton Saudi Arabia, Honeywell Saudi Arabia, S&C Electric Company Saudi Arabia, and Exelon Corporation, among others.

The Saudi Arabia Microgrid market has been segmented based on connectivity, type, pattern, offering, and end use. Based on connectivity, the market is segmented into Grid Connected and Remote/Island/Off-Grid. Based on type, the market is segmented into AC Microgrids, DC Microgrids, and Hybrid. Based on the pattern, the market is segmented into Urban/ Metropolitan, Semiurban, and Rural/Island. Based on offering, the market is segmented into hardware, software, and services. Based on the hardware, the market is further segmented into Power Generators, Energy Storage Systems, and Controllers. Based on services, the market is further segmented into Engineering and Design, Monitoring and Control, and Operations and Maintenance. Based on end use, the market is segmented into Commercial & Industrial, Remote, Institutes & Campuses¸ Government, Utilities, Military, and Healthcare.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Microgrid market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Saudi Arabia Microgrid market? What will be the impact of drivers and restraints in the future?
  • Which offering generated maximum revenues in 2019 and identify the most promising offerings during the forecast period?
  • What are the various connectivity areas of the Saudi Arabia Microgrid market, and how are they poised to grow?
  • What companies are the major participants in the Saudi Arabia Microgrid market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Microgrid Market by Connectivity

• • Grid Connected
  • Off-Grid Connected

Saudi Arabia Microgrid Market by Type

• • AC Microgrids
  • DC Microgrids
  • Hybrid

Saudi Arabia Microgrid Market by Pattern

• • Urban/ Metropolitan
  • Semiurban
  • Rural/Island

Saudi Arabia Microgrid by Offering

• • Hardware
    • Power Generators
    • Energy Storage Systems
    • Controllers
  • Software & Services

Saudi Arabia Microgrid Market by End Use

• • Commercial & Industrial
  • Remote
  • Institutes & Campuses
  • Government
  • Utilities
  • Military
  • Healthcare

Saudi Arabia Microgrid Market Leading players (Option 1: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Saudi Arabia
  • General Electric Saudi Arabia
  • Schneider Electric Saudi Arabia
  • Siemens Saudi Arabia
  • Eaton Saudi Arabia
  • Honeywell Saudi Arabia
  • S&C Electric Company Saudi Arabia
  • Exelon Corporation