Soaring demand and rapid industrial developments enabled the countries in the Middle-east region to continue in their sphere as the most dynamic power sectors in the world. The consumption of electricity in the Middle-East region has been growing continuously and is further poised to grow at even faster pace in the next decade. Even in countries like Qatar and Oman, the electricity consumption is projected to grow at a double-digit CAGR during 2011-2014, owing to an increasing residential and industrial sector demand.
According to our latest research report, “Middle East Power Sector Analysis”, Oman represents the fastest growing power sector in the entire Middle-East region. Even in the wake of economic slowdown, the electricity production and consumption orchestrated double-digit year–on-year growth. Rapidly growing economy and increasing residential demand have fueled the growth of the power sector in the country. The developments in the Oman electricity sector are expected to augment in the coming times, with the installed electricity capacity and consumption expected to grow at CAGR of around 16% and 12.5%, respectively during 2011-2014.
Our report identified that besides Oman, various other countries including the UAE, Saudi Arabia, Jordan, etc. also exhibit strong future growth potentials. The governments in these countries have liberalized policies pertaining to the electricity sector and are currently in the process of formulating privatization strategies. This has attracted significant investments in the private sectors of the Middle-East countries. The privatization of the electricity sector will not only strengthen their power generation infrastructure, but will also facilitate towards efficient management of transmission and distribution providing a desired balance between power demand-supply mechanisms.
The developments are not just limited to conventional oil and gas-based power generation infrastructure, but the countries are also striving hard towards utilizing their available renewable energy potentials. In addition, these countries have set an ambitious goal of producing some percentage of power through non-conventional energy sources in the coming years also.
Our report “Middle East Power Sector Analysis”, is an outcome of extensive research and objective analysis of the Middle-East power industry, mainly focusing on potential regional markets. The report provides country level reliable statistics and analysis on electricity-installed capacity, and consumption trends. A separate GCC grid interconnection analysis along with country level renewable developments facilitates an all-round market understanding. In addition, our research has also identified key players in the market and included their detail business description along with their recent developments. Thus, our report presents the most unbiased picture of the industry.