GCC Microgrid Market Overview:
The GCC microgrid market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A microgrid refers to a low-voltage electricity distribution system that can operate independently or in parallel with the main power grid. It provides power backup during emergencies such as main grid failure and can be powered using renewable sources or batteries. In recent years, microgrid has gained traction as an eco-friendly and reliable source of electricity.
In the GCC countries, the escalating demand for microgrids in the defense and healthcare sectors, along with the rising electrification projects, is the primary factor driving the market. Additionally, several government initiatives, such as Saudi Vision 2030 and UAE National Energy Strategy 2050, that support the use of clean energy sources across GCC countries are creating a favorable market outlook. Furthermore, the growing need for uninterrupted power supply, technological advancements and rising environmental concerns are some of the other factors expected to propel the market growth.
GCC Microgrid Market Segment Insights:
The report has assessed the GCC microgrid market on the basis of energy source covering, natural gas, combined heat & power, solar photovoltaic (PV), diesel, fuel cell and others. The report has further examined the market based on application including, remote systems, institution and campus, utility/community, defence and other. On a regional basis, the report examines the microgrid market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC microgrid market.
Highlights of the GCC Microgrid Market Report:
Key Market Segments:
The GCC microgrid market has been analysed as followed:
Segmentation by Energy Source:
Segmentation by Application:
Segmentation by Country:
Report Customisation:
The GCC microgrid market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Microgrid Market
4.1 Historical Market Trend
4.2 Market Breakup by Region
4.3 Market Outlook
5 GCC Microgrid Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Impact of COVID-19
5.3.4 Market Outlook
6 GCC Microgrid Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Microgrid Market Segmentation by Energy Source
7.1 Natural Gas
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Combined Heat and Power
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Solar Photovoltaic (PV)
7.3.1 Historical Market Trends
7.3.2 Market Outlook
7.4 Diesel
7.4.1 Historical Market Trends
7.4.2 Market Outlook
7.5 Fuel Cell
7.5.1 Historical Market Trends
7.5.2 Market Outlook
7.6 Others
7.6.1 Historical Market Trends
7.6.2 Market Outlook
8 GCC Microgrid Market Segmentation by Application
8.1 Remote Systems
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Institution and Campus
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Utility/Community
8.3.1 Historical Market Trends
8.3.2 Market Outlook
8.4 Defence
8.4.1 Historical Market Trends
8.4.2 Market Outlook
8.5 Others
8.5.1 Historical Market Trends
8.5.2 Market Outlook
9 GCC Microgrid Industry: Market Dynamics
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 GCC Microgrid Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Suppliers
10.4 Inbound Logistics
10.5 Production
10.6 Marketing
10.7 Outbound Logistics
10.8 Consumers
11 GCC Microgrid Industry: Porter’s Five Forces Analysis
11.1 Overview
11.2 Threat of New Entrants
11.3 Threat of Substitutes
11.4 Bargaining Power of Buyers
11.5 Bargaining Power of Suppliers
11.6 Intensity of Rivalry
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Success Factors
13 Key Player Profiles
List of Figures
Figure 1: Global: Microgrid Market: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Microgrid Market: Segmentation by Region (in %), 2022
Figure 3: Global: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: GCC: Microgrid Market: Sales Value (in Billion US$), 2017-2022
Figure 5: GCC: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 6: GCC: Microgrid Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Microgrid Market: Segmentation by Energy Source (in %), 2022
Figure 8: GCC: Microgrid Market: Segmentation by Application (in %), 2022
Figure 9: Saudi Arabia: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 10: Saudi Arabia: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 11: United Arab Emirates: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: United Arab Emirates: Microgrid Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 13: Qatar: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Qatar: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 15: Kuwait: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Kuwait: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 17: Oman: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Oman: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 19: Bahrain: Microgrid Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Bahrain: Microgrid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 21: GCC: Microgrid (Natural Gas) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: GCC: Microgrid (Natural Gas) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 23: GCC: Microgrid (Combined Heat and Power) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: GCC: Microgrid (Combined Heat and Power) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 25: GCC: Microgrid (Solar Photovoltaic (PV)) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: GCC: Microgrid (Solar Photovoltaic (PV)) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 27: GCC: Microgrid (Diesel) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: GCC: Microgrid (Diesel) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 29: GCC: Microgrid (Fuel Cell) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: GCC: Microgrid (Fuel Cell) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 31: GCC: Microgrid (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: GCC: Microgrid (Others) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 33: GCC: Microgrid (Remote Systems) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: GCC: Microgrid (Remote Systems) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 35: GCC: Microgrid (Institution and Campus) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: GCC: Microgrid (Institution and Campus) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 37: GCC: Microgrid (Utility/Community) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: GCC: Microgrid (Utility/Community) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 39: GCC: Microgrid (Defence) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: GCC: Microgrid (Defence) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 41: GCC: Microgrid (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: GCC: Microgrid (Others) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 43: GCC: Microgrid Industry: Market Dynamics
Figure 44: GCC: Microgrid Industry: Value Chain Analysis
Figure 45: GCC: Microgrid Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Microgrid Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Microgrid Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Microgrid Market Outlook: Segmentation by Energy Source (in Million US$), 2023-2028
Table 4: GCC: Microgrid Market Outlook: Segmentation by Application (in Million US$), 2023-2028
Table 5: GCC: Microgrid Market Structure
Table 6: GCC: Microgrid Market: Key Players
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