Middle East Focusing on Renewable Sources for Power Generation

Qatar electricity consumption is projected to grow at a CAGR of around 15% during 2010-2014, says RNCOS in its latest research report.

Noida, India (prHWY.com) July 14, 2011 - According to our latest research report "Middle East Power Sector Analysis", the power sector in the Middle East countries has been witnessing strong growth for the past few years. Rising residential electricity consumption, rapid industrialization, and the government support are the main factors responsible for growth in this region. Of all the middle-eastern countries, Qatar emerged as the nation with remarkable growth in power demand in 2010. Rapidly growing economy and increasing residential demand have surged 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 anticipated to grow at a CAGR of around 15% during 2010-2014.

As per our findings, the Middle East countries are focusing on renewable sources for power generation so that significant quantity of oil & gas can be used for exports. The countries are striving hard towards utilizing their available renewable energy potentials. Additionally, the countries have set an ambitious goal of producing some percentage of power through renewable energy sources in the coming years. Moreover, the Middle Eastern energy producers are setting their sights towards becoming world's leading producer and exporter of renewable energy.

Our report has identified that, besides Qatar, various other Middle Eastern countries, such as the UAE, Jordan, Turkey, etc. have shown tremendous performance in the electricity demand and installed capacity and are further poised to register impressive growth in the coming years. The governments in these countries have liberalized their electricity sector policies and are currently in the process of formulating privatization strategies.

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, supply-demand, and consumption trends. A separate GCC grid interconnection analysis along with country level renewable developments facilitates an all-round market understanding. Moreover, 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.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM254.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: middle east power

Categories: Business

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