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11 Apr 2022  |  South Asia, Middle East & North Africa  |  Market Outlook

Middle East Power & Energy Outlook, 2022

Strong Growth in Electricity Demand and Supply Security Drive the Industry While Decarbonization and Expanding Markets Propel Power Investments

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Globally, the Middle East (ME) is one of the regions most vulnerable to climate change. Nearly every ME country has been subjected to some of the lowest precipitation levels historically, and hotter climatic conditions will lead to a surge in demand for electricity to power regional cooling requirements. In fact, cooling already accounts for 70% of...

The global industrial UPS market is conservative and is at its maturity. Although there was a slight decline in the growth rate in 2013 over the previous year, the market is expected to recover and register moderate growth over the forecast period. The market continues to be dominated by three-phase systems and customized solutions, and the growth ...

With the current drop in crude oil prices, major suppliers of crude oil are looking to diversify their oil and gas portfolios to include refinery products and petrochemicals. Some older refineries in Europe have also temporarily become profitable to operate. Further, the success of Shale Gas and Oil has created self-sufficiency in the US and is p...

The Iraqi government has adopted a mix of measures aimed at establishing political stability, national and homeland security, and economic reforms. These are gaining credibility and impact, with support from unilateral and multilateral agencies. The electricity sector, having witnessed a significant decline in terms of investments in the past, is e...

05 Apr 2021  |  South Asia, Middle East & North Africa  |  Market Research

Distributed Energy Rejuvenating the Power Sector in the GCC through Innovation and Efficiency, 2021

Growth will be Spurred by the Region's Drive to Diversify the Energy Mix and Embrace Clean Energy Sources

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Globally, the electricity supply industry is undergoing a major transition with the phasing out of conventional power generation technologies, which are being replaced by renewable energies like solar energy and wind energy. In addition to utility-scale power generation, customers are now considering self-generation through distributed renewable so...

Russia’s war on Ukraine has unlocked unprecedented growth opportunities for the Middle East as Europe steers away from Russia for energy supply. The European Union’s commitment to end its reliance on Russian energy by 2027 and its focus on renewables and hydrogen offer ME countries a strong business case for energy investments, given that the regio...