Market Size of United Arab Emirates Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | 6.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UAE Power EPC Market Analysis
The United Arab Emirates Power EPC Market is expected to register a CAGR of greater than 6.20% during the forecast period(2024-2029).
The energy mix for electricity generation is dominated by fossil fuels like coal, oil, and natural gas, with the three constituting almost over 65% of the global energy mix. However, the lack of privatization in the power sector in the northern emirates is expected to restrain the development of the power sector in the coming years.
- The United Arab Emirates has one of the most advanced power sectors in the region, with distinct structures and government policies that are favorable. The country has several upcoming transmission and distribution network projects including expansion and refurbishment of existing infrastructure. This factor is expected to drive the T&D infrastructure-related markets in the coming years.
- The country has witnessed strong growth in electricity consumption at an annual rate of 5.5% over the past five years. The growing consumption is mainly driven by strong economic activity, rising population, infrastructure development, and industrialization. At the same time, the government is also committed to reducing the transmission and distribution losses by improving the efficiency of the grid.
- Nuclear and waste-to-energy projects are gradually gaining momentum in the country apart from solar power, which, in turn, is expected to create an ample opportunity for the power sector as new projects come online.
UAE Power EPC Industry Segmentation
The United Arab Emirates power EPC Market report include:
| Generation-Source | |
| Thermal | |
| Renewable | |
| Others |
United Arab Emirates Power EPC Market Size Summary
The United Arab Emirates power EPC market is poised for significant growth, driven by a robust energy sector characterized by advanced infrastructure and supportive government policies. The market is expected to experience a strong expansion trajectory over the forecast period, with a notable focus on transmission and distribution network projects. These initiatives are aimed at enhancing the existing infrastructure to meet the increasing electricity consumption, which has been fueled by economic growth, population rise, and industrialization. Despite the dominance of fossil fuels in the energy mix, the UAE is making strides in diversifying its energy sources, with nuclear, waste-to-energy, and solar power projects gaining traction. The government's commitment to reducing transmission and distribution losses further underscores its strategic focus on improving grid efficiency.
Abu Dhabi plays a pivotal role in the UAE's power sector, boasting significant generation capacity and peak demand. The region's growing population and economy have been key drivers of increased energy demand, prompting investments in infrastructure to support future growth. The Abu Dhabi Transmission and Despatch Company (TRANSCO) anticipates a steady increase in peak demand, aligning with the broader regional trends. The market landscape is moderately fragmented, with key players such as Abu Dhabi National Energy Company PJSC (TAQA), ACWA Power, and Dubai Electricity and Water Authority (DEWA) actively participating in the sector. These companies are instrumental in advancing the UAE's energy goals, particularly in the context of the ambitious Mohammed bin Rashid Al Maktoum Solar Park project, which exemplifies the country's commitment to renewable energy and sustainability.
United Arab Emirates Power EPC Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Installed Power Generating Capacity and Forecast, in Megawatt, till 2025
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1.4 Utility Power Installed Capacity, by Source, in Mega Watt, 2010-2019
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1.5 Electricity Generation and Consumption Forecast, in Terawatt Hours, UAE, till 2025
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Generation-Source
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2.1.1 Thermal
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2.1.2 Renewable
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2.1.3 Others
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2.2 Transmission & Distribution
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United Arab Emirates Power EPC Market Size FAQs
What is the current United Arab Emirates Power EPC Market size?
The United Arab Emirates Power EPC Market is projected to register a CAGR of greater than 6.20% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Power EPC Market?
Abu Dhabi National Energy Company PJSC (TAQA) , ACWA Power , Abu Dhabi Transmission & Despatch Company (Transco) , Dubai Electricity and Water Authority (DEWA) and Petrofac Limited are the major companies operating in the United Arab Emirates Power EPC Market.
