The market report offers a comprehensive business study that analyses innovative ways for business growth and describes necessary factors such as leading players, market revenue, and growth rate. This report also focusses on market volume and value in the GCC region.

Competitive Landscape of the GCC Microgrids Market:

The GCC microgrids market report scans the competitive landscape and profiles of the major players operating in the market, including General Electric Company, ABB, Schneider Electric SE, Eaton Corporation Inc., Siemens AG, Honeywell International Inc., Exelon Corporation, S&C Electric Company, and Caterpillar Inc., among others.

Key Drivers of the GCC Microgrids Market:

The significant factors contributing to the growth of the GCC microgrids market in the upcoming years, include the rising requirement for uninterrupted power supply and the increasing deployment of microgrids for rural electrification. The growing demand for clean energy, and the increasing instances of cyberattacks on the energy infrastructures, will surge the demand for microgrids, thus energizing the growth of the GCC microgrids market during the forecast period. The increasing industrialization and the growing population across the GCC countries will accelerate the demand for energy storage systems, thus boosting the growth of the market in the region.

The governments have introduced various initiatives such as UAE National Energy Strategy 2050, which aims to provide clean, secure, affordable energy while conversing the environment, and the National Renewable Energy Program (NREP) under Saudi Arabia Vision 2030, is focused towards maximizing the potential of renewable energy sources in the country. All these initiatives will surge the demand for microgrid in GCC countries, especially in Saudi Arabia, to store and distribute energy effectively. Additionally, the development in the electrification projects across GCC countries, including the Hassayan power plant in Dubai, the Yanbu III Power Plant in Saudi Arabia, and the Al Layyah Power Plant Expansion in Sharjah, will further boost the demand for microgrids in the upcoming years. On the other hand, the high installation and maintenance cost will hinder the increasing demand of the GCC Microgrid market over the coming years.

Market Segmentation:

The main aim of the study is to define market sizes of the different market segments & countries during the forecast period and to analyze the values in the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the market. The detailed segments and sub-segments of the market are explained below:

Breakup by Connectivity:

Grid Connected
Remote/Island/Off-Grid
Breakup by Type:

AC Microgrids
DC Microgrids
Hybrid
Breakup by Pattern:

Urban/ Metropolitan
Semiurban
Rural/Island
Breakup by Offering:

Hardware
o Power Generators

o Energy Storage Systems

o Controllers

Software
Services
o Engineering and Design

o Monitoring and Control

o Operations and Maintenance

Breakup by Vertical:

Commercial & Industrial
Remote
Institutes & Campuses
Government
Utilities
Military
Healthcare
Breakup by Countries:

UAE
Saudi Arabia
Qatar
Rest of GCC
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