Market by Utilization Type, Component, Connectivity, Industry Vertical, and Country Outlook | Forecast 2022-2028
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
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)