Driven by rapid infrastructure development and growing urbanization, the electricity sector is the spine of the economic growth in the UAE. According to a new research report on the UAE power market, the country is currently facing high electricity demand, and determined to reduce the use of gas resources in the electricity generation as rising feedstock pricing is a key issue. It is estimated that the installed capacity for electricity production in the UAE will grow at a meager compound annual rate of around 4% during 2011-2014, with the installation of new power plants.
The report, “UAE Power Market Outlook to 2014”, says that the Government’s strategic planning and relaxed policies have benefited the power sector greatly in the last few years. Our in-depth research finds that the Emirate of Abu Dhabi has registered the highest demand for electricity consumption in the recent times. It also discusses how increasing number of consumers, high construction sector demand, and industrial developments, especially in Dubai, Sharjah, and Abu Dhabi will enable the electricity consumption to grow in UAE.
We observed that residential sector consumes the majority of electricity produced in the country. The regional power authorities have reported a rapid increase in the number of residential electricity subscribers over the last few years. For the complete understanding of the market, our comprehensive study also includes the demand-supply analysis, non-conventional energy developments, and a look at the competitive landscape. We are hopeful that the thorough research work on the UAE power market will prove decisive for clients.
