MIDDLE EAST AND AFRICA MICROGRID MARKET 2022-2028

Energy, Power & Utilities | Utilities

MIDDLE EAST AND AFRICA MICROGRID MARKET 2022-2028

Market by Utilization Type, Component, Connectivity, Industry Vertical, and Country Outlook | Forecast 2022-2028

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The estimates put forth by Triton Market Research states that the microgrid market in the Middle East and Africa is set to progress at a CAGR of 10.56% during the forecast period 2022-2028.



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The countries calculated in the region are:

•        The United Arab Emirates

•        Israel

•        Saudi Arabia

•        South Africa

•        Rest of Middle East & Africa

Saudi Arabia captures the highest share in the region’s microgrid market. The rising use of renewable energy sources is expected to support the expansion of the power sector in the near future. Despite producing around 31% of the world’s oil, the region is diversifying to promote growth across sectors, including power. The growing population has surged the energy demand. In this regard, microgrids help resolve issues relating to lack of energy, helping businesses secure power supply and lowering their use of fossil fuels. These factors are majorly supporting the regional market’s growth.

Saudi Arabia, for instance, aims to generate around 58.7 GW by 2030. In 2022, the nation plans to issue fresh tenders to increase electricity capacity with renewable energy products. These projects are part of the government’s strategy to increase the use of renewable sources in the power and utility sector, which is expected to generate opportunities for the microgrid market.

The United Arab Emirates also aims to meet half of its energy demand using renewable energy sources by 2050. In this regard, microgrid technologies are a major part of the nation’s Energy Strategy 2050, which is the first unified energy strategy. Such steps undertaken by the government are propelling the microgrid market on a growth path.

An urban microgrid can be linked to a larger energy grid or operated independently in island mode. It can also be managed by a private company or as a vital part of a larger utility. Its consumer base is mainly determined by its business model. The market’s growth can be assessed based on segments such as utilization type, component, industrial vertical, and connectivity. The utilization type category is divided into metropolitan, semi-urban, and rural.

Fairbanks Morse, Bloom Energy, Cummins Inc, FuelCell Energy Inc, National Grid Plc, and S&C Electric Company are some of the notable companies in the market.

Fairbanks Morse is engaged in building, maintaining, and servicing naval power and propulsion systems. The company also offers marine technologies, OEM parts, \and turnkey services to the military and coast guard. Additionally, its product line includes microgrids that can incorporate various distributed energy resources, including solar. Fairbanks has service centers across Japan, Dubai, South Korea, and Berlin.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the microgrid market revenue growth in the Middle East and Africa and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


     A wide-ranging study of factors that will challenge the Middle East and Africa microgrid market’s growth during the upcoming years

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Table of Content

1. MIDDLE EAST AND AFRICA MICROGRID MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE MICROGRID MARKET

2.2. KEY INSIGHTS

2.2.1. GROWING USE OF MICROGRIDS IN SOLAR ENERGY

2.2.2. INCREASE IN SMART CITIES INITIATIVES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. PRODUCT LAUNCHES

2.6.2. COLLABORATIONS

2.6.3. BUSINESS DIVESTITURES

2.6.4. ACQUISITIONS

2.7. MARKET DRIVERS

2.7.1. COMBATING POWER OUTAGES DURING SEVERE WEATHER USING MICROGRIDS

2.7.2. GROWING ELECTRICITY CONSUMPTION WORLDWIDE

2.8. MARKET CHALLENGES

2.8.1. HURDLES POSED BY REGULATORY FRAMEWORK

2.8.2. HIGH MAINTENANCE AND INSTALLATION OF MICROGRIDS

2.9. MARKET OPPORTUNITIES

2.9.1. RISING USE OF INTERNET OF THINGS (IoT) IN MICROGRIDS

2.9.2. RISE IN CLEAN ENERGY INTEGRATION BY GOVERNMENT AND PRIVATE SECTOR

3. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK - BY UTILIZATION TYPE

3.1. METROPOLITAN

3.2. SEMI-URBAN

3.3. RURAL

4. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK - BY COMPONENT

4.1. HARDWARE

4.1.1. POWER GENERATORS

4.1.2. ENERGY STORAGE

4.1.3. CONTROLLERS

4.2. SOFTWARE

4.3. SERVICES

5. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK - BY CONNECTIVITY

5.1. GRID CONNECTED

5.2. ISLAND GRID

6. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK - BY INDUSTRY VERTICAL

6.1. COMMERCIAL & INDUSTRIAL

6.2. HEALTHCARE

6.3. EDUCATIONAL INSTITUTIONS

6.4. MILITARY & DEFENSE

6.5. GOVERNMENT & UTILITIES

6.6. OTHER INDUSTRY VERTICALS

7. MIDDLE EAST AND AFRICA MICROGRID MARKET – COUNTRY OUTLOOK

7.1. UNITED ARAB EMIRATES

7.2. SAUDI ARABIA

7.3. ISRAEL

7.4. SOUTH AFRICA

7.5. REST OF MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. HITACHI LTD

8.2. SCHNEIDER ELECTRIC

8.3. DUKE ENERGY CORPORATION

8.4. EXELON CORPORATION

8.5. SIEMENS AG

8.6. FAIRBANKS MORSE

8.7. NATIONAL GRID PLC

8.8. S&C ELECTRIC COMPANY

8.9. BLOOM ENERGY

8.10. CUMMINS INC

8.11. FUELCELL ENERGY INC

8.12. GENERAL ELECTRIC COMPANY

8.13. POWER ENGINEERS INCORPORATED

8.14. NRG ENERGY INC

8.15. EATON CORPORATION PLC

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF BUSINESS DIVESTITURES

TABLE 6: LIST OF ACQUISITIONS

TABLE 7: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 11: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 12: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)     

List of Figures

FIGURE 1: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, IN 2018-2020

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)

FIGURE 4: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)

FIGURE 8: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)

FIGURE 10: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)

FIGURE 16: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)

FIGURE 19: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 21: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)

FIGURE 22: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)

FIGURE 23: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)

FIGURE 24: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)

FIGURE 25: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 26: UNITED ARAB EMIRATES MICROGRID MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: SAUDI ARABIA MICROGRID MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: ISRAEL MICROGRID MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: SOUTH AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: REST OF MIDDLE EAST & AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

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