Distributed Energy Rejuvenating the Power Sector in the GCC through Innovation and Efficiency, 2021

Distributed Energy Rejuvenating the Power Sector in the GCC through Innovation and Efficiency, 2021

Growth will be Spurred by the Region's Drive to Diversify the Energy Mix and Embrace Clean Energy Sources

RELEASE DATE
05-Apr-2021
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: PB9D-01-00-00-00
SKU: EG02143-SA-MT_25357
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EG02143-SA-MT_25357

Distributed Energy Rejuvenating the Power Sector in the GCC through Innovation and Efficiency, 2021
Published on: 05-Apr-2021 | SKU: EG02143-SA-MT_25357

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Globally, the electricity supply industry is undergoing a major transition with the phasing out of conventional power generation technologies, which are being replaced by renewable energies like solar energy and wind energy. In addition to utility-scale power generation, customers are now considering self-generation through distributed renewable sources and also selling excess generated electricity back to the grid. Declining technology costs, conducive resource availability, and favourable policies are encouraging distributed power generation in the GCC. To date, diesel gensets have been the preferred source of distributed power in the region, but the region's decarbonisation mandates have resulted in a growing focus on renewable distributed sources like rooftop solar PV and solar-diesel hybrid systems. Countries like the UAE, Oman, and Saudi Arabia already have in place and are further considering policies to drive the adoption of renewable energy across the residential, commercial, and industrial segments, with a focus on distributed energy generation and consumption. Increasing focus on distributed generation is creating an opportunity for technologies like behind-the-meter energy storage, smart meters, grid digitalization, and asset performance management, amongst others. A shift towards prosumerism, coupled with energy sustainability, has created opportunities for project developers, OEMs, and technology providers to innovate technology and business solutions to meet changing customer requirements.

Why Is It Increasingly Difficult To Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Distributed Energy Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Highlights of the GCC Distributed Energy Industry

Challenges Faced by the Distributed Energy Industry in GCC due to Covid-19

GCC Distributed Energy Market—Historic and Forecast Revenues

Top Predictions for 2021

Research Scope

Market Segmentation

2021 Middle East Economic Outlook—Top Predictions

Middle East—GDP Growth

Saudi Arabia and Iran—GDP Growth Outlook

Qatar and Turkey—GDP Growth Outlook

Middle East—Key Economic Developments

GCC Distributed Energy Revenue by Segment in 2020 and 2021

GCC Distributed Energy Market by Country in 2021

Segment-wise Revenue Forecasts 2020–2025

Key 2021 Distributed Energy Market Trends

Prediction 1: Behind the Meter (BTM) Energy Storage

Prediction 2: Modelling and Forecasting

Prediction 3: Digital Grids

Prediction 4: Hybrid Systems

Prediction 5: DER Aggregation

Prediction 6: Electricity as a Service

2021 Market Snapshot—Distributed Solar PV

Distributed Solar PV—Companies to Watch Out for

2021 Market Snapshot—Hybrid Systems

Hybrid Systems—Companies to Watch Out for

2021 Market Snapshot—Diesel Gensets

Diesel Gensets—Companies to Watch Out for

2021 Market Snapshot—Gas Gensets

Gas Gensets—Companies to Watch Out for

2021 Predictions—GCC

Growth Opportunity 1: Expanding Current Solution Offerings—New Opportunities for OEMs, System Integrators and Service Providers

Growth Opportunity 1: Expanding Current Solution Offerings—New Opportunities for OEMs, System Integrators and Service Providers (continued)

Growth Opportunity 2: Consumer to Prosumer—A New Opportunity for End Users

Growth Opportunity 2: Consumer to Prosumer—A New Opportunity for End Users (continued)

Growth Opportunity 3: Market Entry into DER—A New Opportunity for End Utilities

Growth Opportunity 3: Market Entry into DER—A New Opportunity for End Utilities(continued)

Growth Opportunity 4: Expanding Solution Offerings—A New Opportunity for ESCOs

Growth Opportunity 4: Expanding Solution Offerings—A New Opportunity for ESCOs (continued)

Growth Opportunity 5: Mergers & Acquisitions—A New Opportunity for OEMs

Growth Opportunity 5: Mergers & Acquisitions—A New Opportunity for OEMs (continued)

Key Conclusions

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

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Globally, the electricity supply industry is undergoing a major transition with the phasing out of conventional power generation technologies, which are being replaced by renewable energies like solar energy and wind energy. In addition to utility-scale power generation, customers are now considering self-generation through distributed renewable sources and also selling excess generated electricity back to the grid. Declining technology costs, conducive resource availability, and favourable policies are encouraging distributed power generation in the GCC. To date, diesel gensets have been the preferred source of distributed power in the region, but the region's decarbonisation mandates have resulted in a growing focus on renewable distributed sources like rooftop solar PV and solar-diesel hybrid systems. Countries like the UAE, Oman, and Saudi Arabia already have in place and are further considering policies to drive the adoption of renewable energy across the residential, commercial, and industrial segments, with a focus on distributed energy generation and consumption. Increasing focus on distributed generation is creating an opportunity for technologies like behind-the-meter energy storage, smart meters, grid digitalization, and asset performance management, amongst others. A shift towards prosumerism, coupled with energy sustainability, has created opportunities for project developers, OEMs, and technology providers to innovate technology and business solutions to meet changing customer requirements.
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Neeraj Sanjay Mense
Industries Energy
WIP Number PB9D-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9851,GETE