FROST & SULLIVAN REPORTS
GCC’s Distributed Energy Market is propelled by Rooftop Solar PV and Hybrid Power Systems’ expansion The UAE and Saudi Arabia will lead the sector, while Oman will emerge as the fastest-growing market, shares Frost & Sullivan in this special report
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rost & Sullivan’s recent analysis on the distributed energy market in the Gulf Cooperation Council (GCC) finds that it is gathering momentum with declining technology costs, resource availability, and favorable policies. This encourages customers to self-generate electricity through distributed renewable sources and sell excess electricity back to the grid, transforming customers into prosumers (an individual who
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consumes as well as produces goods or services). The region’s total distributed energy market, which encompasses distributed solar photovoltaic (PV), distributed wind power, hybrid systems, diesel gensets, and gas gensets, is estimated to garner a revenue of US$ 602mn by the end of 2021 from US$ 480mn in 2020, registering strong double-digit growth at a compound annual growth rate (CAGR) of 25.4%. This will be driven
by the recovery in the diesel gensets market along with strong growth in rooftop solar PV and hybrid power systems. The UAE and Saudi Arabia will lead the market for distributed energy, with Oman set to emerge as the fastest-growing market in the region. “As utility-scale and distributed renewable resources become a crucial aspect of the region’s decarbonization mandates, utilities will invest in grid modernization
