Power and Energy in the Middle East Outlook, 2023

Description

The EU Export Opportunity to Drive Power Investments

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 region has recorded among the lowest levelized cost of energy (LCOE) in renewable power production globally. Also, climate change commitments and economic diversification efforts to transform Gulf Corporation Council (GCC) countries into industrialized economies will drive power and energy investments.

This report covers the ME's growth environment for the energy and power industry, highlighting trends throughout the value chain and discussing certain developments that impact the industry. Forecasts and analyses rely on 2030 country-specific targets, unveiled power projects (or those in progress), and Frost & Sullivan's calculations of the energy generation necessary to fulfill a country's demand for electricity. The forecast period's (2023-2030) total achievable revenue denotes the market potential for all industry participants.

With capacity additions happening at an accelerated pace, easy access to financing for renewable projects, and several incentives earmarked to attract foreign investments, this is a market that requires strategic partnerships and critical local market knowledge-both as a legal requirement and as a critical factor determining success.

Key Issues Addressed:

What is the installed capacity of power generation assets in the region, and what is the total market revenue potential?
What are the major trends impacting the energy industry in the region?
What are the growth opportunities available for new entrants and existing players?
What is the market revenue potential in prominent countries in the region?

Product Code: PE26-27

Research Scope

Research Scope
What Does the Power Sector Outlook Report Cover?
Primary Metrics: What Has Changed?

Analysis Highlights

Analysis Highlights
Predictions for 2023

Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the ME Power and Energy Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment

Opportunities for ME Created by the Russo-Ukrainian War: EU LNG/Oil
ME Power and Energy Industry Investment Growth Drivers
The Drive for Local Manufacturing

ME Power and Energy Trends

ME Power and Energy Industry: Primary Market Trends
International Energy Partnerships and Export Potential
High-voltage Projects and Regional Interconnectivity for Energy xports
Becoming a Hydrogen Hub
Surge in Solar PV
Nuclear Power will Provide Energy Security
Grid Investments to Improve Efficiencies
Digitalization of Assets to Boost ROI
Digitalization for Decarbonization
Energy Efficiency Path to Net Zero
VRFB Energy Storage for Grid Reliability
Decentralized Power Generation for Decarbonization
Carbon Sequestration, Storage, and Utilization
Carbon Exchanges to Promote Power Investments
G2V-V2G and Grid Stability
Sustainable DC
Decarbonized Desalination
Biofuels and SAF
Net-zero Transition through WTE

Revenue Trends

Annual Power Generation Investment Forecast
Installed Power Generation Capacity Forecast
Annual Power Generation Capacity Additions
Annual Power Generation Capacity Addition by Country
Annual Power Generation Investment by Country
Power Generation Investment Outlook

Key Growth Pockets

Egypt Power and Energy Market Forecast
Egypt Power and Energy Market
KSA Power and Energy Market Forecast
KSA Power and Energy Market
UAE Power and Energy Market Forecast
UAE Power and Energy Market
Kuwait Power and Energy Market Forecast
Kuwait Power and Energy Market
Qatar Power and Energy Market Forecast
Qatar Power and Energy Market
Israel Power and Energy Market Forecast
Israel Power and Energy Market

Growth Opportunity Universe

Growth Opportunity 1: Establish a Presence in the Solar Value Chain
Growth Opportunity 2: Hydrogen Infrastructure
Growth Opportunity 3: Energy Consumption Management
Growth Opportunity 4: Regional Interconnectivity
Growth Opportunity 5: Operation and Maintenance (O&M) Services

Conclusions

Conclusions and Future Outlook

Next Steps

Your Next Steps
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