Saudi Arabia Distributed Energy Generation Market Assessment, By Technology [Diesel and Oil Gensets, Natural Gas Gensets, Mini Hydropower Grids, Gas & Steam Turbine, Fuel Cells, Solar Photovoltaic, Wind Turbine, and Biomass Generators], By End-user [Residential, Commercial and Industrial], By Region, Opportunities, and Forecast, 2016-2030F

. The Saudi Arabia Distributed Energy Generation market is projected to reach USD 1339.82 million by 2030 from USD 418.1 million in 2022 with a CAGR of 15.67%

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Saudi Arabia had been witnessing a significant level of development in its distributed energy generation market. The Saudi Arabia Distributed Energy Generation market is projected to reach USD 1339.82 million by 2030 from USD 418.1 million in 2022 with a CAGR of 15.67% for the country has been working towards diversifying its economy, reducing its dependency on oil, and promoting sustainable development. Hence, distributed energy systems, including renewable energy sources like solar power, wind power, etc. play a crucial role in this strategy by providing alternative sources of power thereby facilitating the market growth.  

In Saudi Arabia, solar energy is the most dominant renewable energy source that is being harnessed for electricity generation. The country has abundant solar resources, making it an ideal location for solar power projects. Moreover, solar energy is particularly valuable in remote and off-grid areas of Saudi Arabia. In regions where extending the traditional grid infrastructure is not feasible, solar power provides a reliable and cost-effective solution. Numerous solar power projects are launched across the country by the Saudi Arabian government in order to increase its solar energy capacity. Sakaka PV Solar Project in Sakaka City within the Al Jouf Province of Saudi Arabia is a solar project with a capacity of 300MW that harnesses solar energy though photovoltaic panels. By being integrated into the national electricity grid, the power plant is anticipated to provide a sufficient amount of clean energy to meet the needs of over 75,000 households in Saudi Arabia. This will result in a substantial reduction of over 430,000 tonnes of carbon dioxide (CO₂) emissions annually.

A Continuous Increase in Renewable Energy Deployment

Saudi Arabia has been actively promoting the adoption of renewable energy sources for distributed energy generation. There has been a significant emphasis on solar energy, with the country aiming to install 58.7 GW of solar capacity by 2030. This push towards renewable energy has led to a rise in distributed solar installations, both on rooftops and in ground-mounted projects. According to the General Authority for Statistics of Saudi Arabia, the country has set a target to generate 15.1 terawatt-hours (TWh) of renewable energy annually by 2024. This amount of renewable energy production will be sufficient to fulfill the electricity needs of approximately 692,557 households. Furthermore, the National Renewable Energy Program of Saudi Arabia comprises a total of 13 projects, with a combined capacity of 4,870 megawatts (MW).

The Advent of Bifacial Solar Panels

Bifacial solar panels have the potential to generate more electricity compared to monofacial panels and are widely used for distributed energy generation. By capturing sunlight from both sides, they can utilize the reflected light, which increases the overall energy yield of the system. This is particularly beneficial in desert regions like Saudi Arabia, where the ground reflects a significant amount of sunlight. Hence the key players operating in this region are sheer focusing on the installation of bifacial solar panels.

LONGi Solar Technology Co., Ltd. - (LONGi) has recently reported the successful provision of 406MW worth of its Hi-MO 5 bifacial photovoltaic (PV) panels to the Solar plant created by PowerChina SEPCO III. This solar plant is part of Saudi Arabia's Red Sea Solar PV Project. At present, this undertaking stands as the largest energy storage project worldwide that is currently being constructed and holds the title of the world's largest off-grid integrated smart energy project.

Government Regulations

The government of Saudi Arabia has implemented various regulations and policies to support and regulate the distributed energy generation market in the country. These regulations aim to promote renewable energy, enhance energy efficiency, and create a favorable environment for bidding of distributed energy projects. For example - REPDO (Renewable Energy Project Development Office), introduced in 2017, initiated the initial phase of renewable energy projects, including the Sakaka 300 MW solar PV project, which is now integrated into the national power grid, and the Dumat Al Jandal 400 MW wind project, currently in the construction phase. The development of a prosperous renewable energy sector is a fundamental aspect of Saudi Vision 2030, a comprehensive economic and social roadmap, with an initial objective of generating 9.5 GW (gigawatts) of renewable energy. The plan also envisions the involvement of public-private partnerships and gradual liberalization of the fuel market.  Hence, it can be stated firmly that the implication of govt programs has facilitated market growth greatly.

Impact of COVID-19

The COVID-19 crisis highlighted the importance of resilient and decentralized energy systems. The distributed energy generation market, with its potential for energy independence and local resilience, gained further recognition as a viable solution for future energy needs. Moreover, in response to the pandemic, government of Saudi Arabia emphasized the importance of renewable energy and sustainable development for economic recovery. Saudi Arabia has continued to demonstrate its commitment to renewable energy, including distributed energy generation, by announcing initiatives and regulatory reforms to support the sector. While the COVID-19 pandemic initially posed some economic challenges to the distributed energy generation market in Saudi Arabia, the long-term impacts are likely to result in a renewed focus on renewable energy and the acceleration of the energy transition. As economies recover and adapt to new realities, distributed energy generation is expected to play a crucial role in building more resilient and sustainable energy systems.

Saudi Arabia Distributed Energy Generation Market: Report Scope

Markets and Data's report titled "Saudi Arabia Distributed Energy Generation Market Assessment, Opportunities, and Forecast, 2016-2030F" offers a thorough examination and assessment of the current state of the Saudi Arabia Distributed Energy Generation market. The study provides a detailed analysis of the industry's dynamics, opportunities, and future projections from 2023 to 2030. Moreover, the report delves into the key players within the industry, focusing on their business models, market share, competitive intelligence, and other relevant aspects.

 

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 15.67% between 2023-2030

Revenue Forecast in 2030

USD 1339.82 million

Units

Revenue in USD million

Segments Covered

Technology and End-user

Regions Covered

Central, Western, Northern, Eastern, Southern.

Key Companies Profiled

Caterpillar Inc., G Solar, Masdar Solar, TotalEnergies, Alfanar Group, EDF Renewables, ACWA Power, Solar Capture, First Solar, Inc., Vestas Wind Systems A/G, etc.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

 

In this report, Saudi Arabia Distributed Energy Generation Market has been segmented into the following categories: 

1.       By Technology

1.1.    Diesel and Oil Gensets

1.2.    Natural Gas Gensets

1.3.    Mini Hydropower Grids

1.4.    Gas & Steam Turbine

1.5.    Fuel Cells

1.6.    Solar Photovoltaic

1.7.    Wind Turbine

1.8.    Biomass Generators

2.       By End-user

2.1.      Residential

2.2.      Commercial and Industrial

3.       By Region 

3.1.    Central

3.2.    Southern

3.3.    Western

3.4.    Eastern

3.5.    Northern

Key Players Landscape and Outlook

The distributed energy generation market in Saudi Arabia is experiencing significant growth and is undergoing substantial expansion, where companies are prioritizing the implementation of solar photovoltaic projects. Furthermore, these companies operating in this market are allocating additional resources towards research and development, marketing initiatives, and expanding their distribution networks through collaborative efforts. However, the most recent trend in the distributed energy generation market is the installation of floating solar panel systems.

In June 2023, Alfanar has been granted a 110 MW solar photovoltaic power plant project by the Saline Water Conversion Corporation. This project will involve the installation of a floating solar panel system. The solar plant's primary objective is to supply renewable energy to power the desalination plant, leading to a significant reduction in the consumption of 410,000 barrels of crude oil annually. By facilitating the distribution of renewable energy, this project will contribute to the broader adoption of sustainable energy sources throughout the country.

Key Players Operating in Saudi Arabia Distributed Energy Generation Market

·         Caterpillar Inc.

·         G Solar

·         Masdar Solar

·         TotalEnergies

·         Alfanar Group

·         EDF Renewables

·         ACWA Power

·         Solar Capture

·         First Solar, Inc.

·         Vestas Wind Systems A/G

If you can't find what you're searching for or have any custom requirements for Saudi Arabia Distributed Energy Generation Market, you may approach our team at info@marketsandata.com

Table of Contents 

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of COVID-19 on Saudi Arabia Distributed Energy Generation Market

4.       Executive Summary

5.       Voice of Customer

5.1. Product and Market Intelligence

5.2. Sources of Information

5.3. Factors Considered in Purchase Decisions

5.3.1.       Overall Expenses

5.3.2.       Facility Requirement

5.3.3.       Operational Manpower Expertise

5.3.4.       Number of Installation Units

5.3.5.       Experience in the Industry

5.3.6.       Efficiency

5.3.7.       After-Sales Support

5.4. Purpose of Installation

5.5. Demand and Supply Mechanism

5.6. Consideration and Understanding of Safety Regulations

5.7. Application of Legal Compliances

5.8. Existing User or Intended Purchaser

6.       Saudi Arabia Distributed Energy Generation Market Outlook, 2016-2030F

6.1. Market Size & Forecast

6.1.1.       By Value

6.1.2.       By Volume

6.2.    By Technology

6.2.1.       Diesel and Oil Gensets

6.2.2.       Natural Gas Gensets

6.2.3.       Mini Hydropower Grids

6.2.4.       Gas & Steam Turbine

6.2.5.       Fuel Cells

6.2.6.       Solar Photovoltaic

6.2.7.       Wind Turbine

6.2.8.       Biomass Generators

6.3. By End-user

6.3.1.         Residential

6.3.2.         Commercial and Industrial

6.4. By Region

6.4.1.        Central

6.4.2.       Western

6.4.3.       Northern

6.4.4.       Eastern

6.4.5.       Southern

6.5. By Company Market Share (%), 2022

7.       Market Mapping, 2022

7.1. By Technology

7.2. By End-user

7.3. By Region

8.       Macro Environment and Industry Structure

8.1. Supply Demand Analysis

8.2. Import Export Analysis

8.3. Value Chain Analysis

8.4. PESTEL Analysis

8.4.1.       Political Factors

8.4.2.       Economic System

8.4.3.       Social Implications

8.4.4.       Technological Advancements

8.4.5.       Environmental Impacts

8.4.6.       Legal Compliances and Regulatory Policies (Statutory Bodies Included)

8.5. Porter’s Five Forces Analysis

8.5.1.       Supplier Power

8.5.2.       Buyer Power

8.5.3.       Substitution Threat

8.5.4.       Threat from New Entrant

8.5.5.       Competitive Rivalry

9.       Market Dynamics

9.1. Growth Drivers

9.2. Growth Inhibitors (Challenges and Restraints)

10.   Key Players Landscape

10.1.         Competition Matrix of Top Five Market Leaders

10.2.         Market Revenue Analysis of Top Five Market Leaders (in %, 2022)

10.3.         Mergers and Acquisitions/Joint Ventures (If Applicable)

10.4.         SWOT Analysis (For Five Market Players)

10.5.         Patent Analysis (If Applicable)

11.   Pricing Analysis

12.   Case Studies

13.   Key Players Outlook

13.1.         Caterpillar Inc.

13.1.1.    Company Details

13.1.2.    Key Management Personnel

13.1.3.    Products and Services

13.1.4.    Financials (As reported)

13.1.5.    Key Market Focus and Geographical Presence

13.1.6.    Recent Developments

13.2.         G Solar

13.3.         Masdar Solar

13.4.         TotalEnergies

13.5.         Alfanar Group

13.6.         EDF Renewables

13.7.         ACWA Power

13.8.         Solar Capture

13.9.         First Solar, Inc

13.10.      Vestas Wind Systems A/G

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.   Strategic Recommendations

15.   About Us & Disclaimer

List of Figures: Saudi Arabia Distributed Energy Generation Market

Figure 1. Saudi Arabia Distributed Energy Generation Market, By Value, In USD Million, 2016-2030F

Figure 2. Saudi Arabia Distributed Energy Generation Market, By Volume, In Gigawatts, 2016-2030F

Figure 3. Saudi Arabia Distributed Energy Generation Market Share, By Technology, In USD Million, 2016-2030F

Figure 4. Saudi Arabia Distributed Energy Generation Market Share, By End-user, In USD Million, 2016-2030F

Figure 5. Saudi Arabia Distributed Energy Generation Market Share, By Region, In USD Million, 2016-2030F

Figure 6. By Technology Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 7. By End-user Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 8. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Tables: Saudi Arabia Distributed Energy Generation Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

Frequently Asked Questions

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