According to TechSci Research report, “Saudi Arabia Microgrid Market - By Region, Competition, Forecast & Opportunities, 2028F”, the growth in demand for electrification from the construction, utilities, and healthcare industry is largely responsible for the development of the Saudi Arabia market for microgrid. The country has a large population and a growing economy, which is leading to an increase in the demand for electricity. The government is also investing in infrastructure development, which is further boosting the demand for power.
Microgrids can provide a reliable and efficient source of power, which is why they are being increasingly adopted in Saudi Arabia. Infrastructure development, particularly in developing economies like Saudi Arabia as well as the diversification initiatives in the Middle Eastern countries, has a positive impact on the demand for microgrid.
The IoT industry will grow faster because of the Kingdom of Saudi Arabia's rapid 5G rollout and ongoing digital transformation, which result in an increase in power generation and transmission use cases requiring advanced microgrid capabilities. Other factors that would benefit the industry include limited land availability in densely populated metropolitan areas and government initiatives to improve power access.
Saudi Arabia is investing heavily in renewable energy, particularly solar and wind power. Microgrids are critical in integrating renewable energy sources into existing power infrastructure, allowing for efficient and reliable energy supply to both urban and remote areas. The Saudi government has enacted regulations and policies to facilitate the deployment of microgrids. These include grid interconnection guidelines, power purchase agreements, and incentives for renewable energy projects, all of which contribute to a favorable environment for microgrid development.
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Based on connectivity, Off-Grid connectivity segment is the dominant segment in Saudi Arabia Microgrid Market during the projection period, owing to the rising adoption of microgrids in the remote areas of Saudi Arabia. Off-Grid connectivity are more preferred in Saudi Arabia Microgrid due to its higher resilience and increased reliability where the grid doesn't reach, which makes it easier to integrate in the remote locations and can provide long term back-up solutions to avoid critical problems over the projected term.
Based on End User, utility segment is the dominant segment in Saudi Arabia Microgrid Market as during the projection period, the infrastructure category is anticipated to develop at the greatest CAGR. In the forecast year, increased government investment on utility infrastructure is anticipated to promote segment growth by reviving economic growth after the crisis and pandemic.
In terms of regional analysis, the Saudi Arabia Microgrid Market is segmented into eastern region, northern & central region, western region, and southern region. Riyadh, that is present in eastern region is contributing with numerous significant activities on real estate projects which requires electrification, including the Medical City, Mall of Saudi, and Arriyadh Development Authority (ADA), among others. After Abu Dhabi and Dubai, Riyadh has been recognized as the third leading metropolis in the Middle East in terms of high-rise construction and significant ongoing infrastructure projects. For instance, the King Abdullah bin Abdulaziz Medical City and the National Railway Network are significant infrastructural initiatives in Riyadh.
With increased innovation and advancement in the power and utility industry, there will be considerable commercial opportunities for both established and emerging market players. Technological advancements and high-end applications promote microgrid innovation. Recent adoption of standards such as IEEE 2030 are proliferating the adoption of microgrid in the country. Corrosion-resistant, epoxy-coated, and earthquake-resistant applications use modern microgrid.
The industry is anticipated to grow as a result of increased government support, rising energy demand, and expanding infrastructure. The use of microgrid is increasing as it offers the opportunity to deploy more zero-emission electricity sources, thereby reducing greenhouse gas emissions. When electricity demand is high, microgrids help to maintain supply during grid-outage and hasten the restoration of electricity supply. They also supplement the regular power system. They also assist in providing communities with a steadier source of green power.
Key market players in the Saudi Arabia Microgrid Market include:
- S&C Electric Company Saudi Arabia
- Siemens Ltd. Saudi Arabia
- Eaton Arabia
- Honeywell International Inc. Saudi Arabia
- ABB Middle East
- General Electric Saudi Arabia
- Schneider Electric Saudi Arabia
- Exelon Corporation
Recent Developments
- In 2021, Schneider Electric collaborated with Saudi Electricity Company (SEC) to develop a microgrid system in the Farasan Island. The project aims to enhance the island's energy infrastructure by integrating renewable energy sources, energy storage, and advanced control systems to improve reliability and sustainability.
- Siemens, partnered with the Saudi Arabian National Industrial Development and Logistics Program (NIDLP), announced plans to develop a microgrid on the King Salman Energy Park (SPARK). The microgrid would integrate various renewable energy sources, energy storage, and digital control systems to support the industrial complex's energy needs and enhance sustainability.
- ABB, collaborated with the Saudi Electricity Company (SEC), and installed a microgrid solution in the city of Dammam. The microgrid system incorporates solar energy, battery storage, and grid stabilization technologies to provide reliable and clean power supply to critical facilities, such as hospitals and universities.
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“The Saudi Arabia Microgrid market is anticipated during the projected period due to the use of microgrid in utilities to improve power infrastructures and keep the power flowing during an outage. The Kingdom of Saudi Arabia (KSA) has a special position in the ongoing global efforts to increase the use of renewable and sustainable energy resources.
The supply chain may be impacted by rising prices for final goods and raw materials as production halt and stocks are depleted. Electrification and government initiatives will spur future growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Microgrid Market by Connectivity (Grid Connectivity, Off-Grid Connectivity), By Type (AC Microgrids, DC Microgrids, Hybrid), By Pattern (Urban, Semiurban, Rural), By Offering (Hardware (Power Generator, Energy Storage Systems, Controllers), Software & Service), By End User (Government, Utilities, Military, Healthcare, Commercial & Industrial, Others), By Region, Competition, Forecast & Opportunities, 2028F”, has evaluated the future growth potential of Saudi Arabia Microgrid Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Saudi Arabia Microgrid Market.
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