NewswireToday - /newswire/ -
Uttar Pradesh, Noida, India, 2010/06/01 - The Middle East power sector will experience phenomenal capacity expansion by 2013 on the back of government support and industry privatization plans, says RNCOS.
According to our new research report “Middle East Power Sector Analysis”, the Middle East power sector has been strongly growing for past few years. Increasing residential electricity consumers, rapid industrialization, government subsidies are the prime factors pushing the electricity developments in the region. Our research has shown that Oman represents the fastest growing power sector in the entire region. Besides, the Oman electricity sector are expected to see more developments in coming times, which lead to the electricity production grow at a CAGR of around 14% between 2010 and 2013.
Our report has identified that the electricity generation in Oman is majorly sourced from natural gas feedstock which contributes around 84% of the total electricity generation. The country is expected to see huge investments in electricity generation, distribution and transmission sectors.
Apart from Oman, many other countries, including the UAE and Bahrain, are poised for almost double digit CAGR growth in electricity demand and supply mechanism. The growth is attributed to soaring demand from the residential and industrial sectors and several other factors discussed thoroughly in the report.
“Middle East Power Sector Analysis” is an outcome of extensive research and thorough analysis of the burgeoning power sector in the Middle Eastern countries. We have covered – the UAE, Saudi Arabia, Turkey, Jordan, Oman and Bahrain – to analyze the respective country power sectors. The report also discusses the market structure, current and past market performance and factors responsible for the upsurge of the power sector. It also provides country level reliable statistics and analysis of electricity generation, supply-demand and consumption trends. A separate GCC grid interconnection analysis along with the country level renewable developments facilitates have been included to help clients in understanding the whole market.
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.
RNCOS (rncos.com) 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.