GCC's Distributed Energy Market Propelled by Rooftop Solar, Hybrid Power Systems' Expansion

"As utility-scale and distributed renewable resources become a crucial aspect of the region's decarbonization mandates, utilities will invest in grid modernization solutions, digital platforms, software solutions, and systems associated with asset performance, modeling, and predictive analysis," said Neeraj Sanjay Mense, Energy & Environment Industry Analyst at Frost & Sullivan. "Additionally, distributed solar PV will drive the market for distributed energy resources (DERs) as an increasingly wider customer base is expected to adopt rooftop solutions, buoyed by the regulatory mechanisms supporting such installations."

Mense added, "Business models have evolved, and customers would prefer operation and output-based operating expenses (OPEX) contracts that include maintenance, performance guarantees, and availability, especially across residential, commercial, and industrial consumers. Further, behind-the-meter energy storage is set to become a game-changer for DERs in the region as it enhances the value proposition of the DERs and enables revenue stacking."

Distributed Energy Rejuvenating the Power Sector in the GCC through Innovation and Efficiency, 2021 is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.