Noida, UP -- (SBWIRE) -- 07/05/2011 -- According to our latest research report “Middle East Power Sector Analysis”, the Middle East power sector has been growing strongly for the past few years. Increasing residential electricity consumers, rapid industrialization, government subsidies are the prime factors pushing the electricity developments in the region. Qatar witnessed record growth in power demand among the GCC countries in 2010. Even in the wake of economic slowdown, the electricity production and consumption exhibited 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 Qatar electricity sector are expected to augment in coming years with the electricity consumption expected to grow at a CAGR of around 15% during 2010-2014.
Our report has identified that, besides Qatar, various other countries including the UAE, Saudi Arabia, Jordan, etc. have strong future growth potentials. The governments in these countries have liberalized their electricity sector policies and are currently in the process of formulating privatization strategies. This has attracted significant private sector investments in most of the middle-east countries. Privatization of the electricity sector will not only strengthen their power generation infrastructure, but an efficient management of transmission and distribution will also provide desired balance between power demand-supply mechanisms.
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 statistics and analysis on electricity installed capacity, supply-demand, and consumption trends. A separate GCC grid interconnection analysis along with country level renewable developments facilitates an all-round market understanding. Additionally, the future projections included in the report have been cautiously made after analyzing current market scenario, past trends, and ongoing developments in the market. Thus, our report presents the most unbiased picture of the industry.
Most importantly, the report includes industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. Hence, the report presents a complete and coherent analysis of the Middle East power sector.
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