Kuwait Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Kuwait Power Market is segmented by Power Generation (Oil, Natural Gas, and Renewables) and Power Transmission and Distribution.

Kuwait Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Kuwait Power Market Size

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Kuwait Power Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.00 %
Market Concentration High

Major Players

Kuwait Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Kuwait Power Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Kuwait Power Market Analysis

The Kuwait Power Market is expected to register a CAGR of greater than 3% during the forecast period.

  • Natural gas is increasing its share in the Kuwait energy mix and is expected to be the fastest-growing segment in the market, supported by the country's diversification of its electricity generation supply portfolio by replacing crude oil with natural gas.
  • Kuwait has abundant availability of solar irradiance and receives solar energy throughout the year. This has created enormous opportunities in the renewable sector to exploit solar energy from the sunniest sites in the country, with the government's target of 15% in the country's overall electricity mix by 2030.
  • Despite the decline in global oil prices, Kuwait signaled continued commitment to its stated production targets and investment programs and has ambitious oil and gas production targets, which are expected to drive the power generation during the forecast period.

Kuwait Power Industry Overview

The Kuwaiti power market is moderately consolidated. Some of the key players are Kuwait Petroleum Corporation, ABB Ltd, General Electric Company, Siemens AG, and Al-Ahleia Switchgear Co. K.S.C.C.

Kuwait Power Market Leaders

  1. Kuwait Petroleum Corporation

  2. General Electric Company

  3. Siemens AG

  4. Al-Ahleia Switchgear Co. K.S.C.C

  5. ABB Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - Kuwait Power Market.png
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Kuwait Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Power Capacity and Forecast in GW, till 2025
  • 4.3 Electricity Generation and Consumption Historic and Forecast, in TWh, until 2025
  • 4.4 Electricity Sales Revenue in KWD (2000-2018)
  • 4.5 Share of Power Stations Available Capacity (%), by Type, Kuwait, 2018
  • 4.6 Share of Installed Capacity and Generation of Electricity (%), by Power Stations, Kuwait, 2018
  • 4.7 Kuwait Electrical Energy Export Data (2000-2018)
  • 4.8 Kuwait Peak Load as Percentage of Installed Capacity (2000-2018)
  • 4.9 Kuwait Peak Load, Average Load, and Minimum Load in MW (2013-2018)
  • 4.10 Kuwait Peak Electrical Demand Forecast, in MW, until 2025
  • 4.11 Recent Trends and Developments
  • 4.12 Government Policies and Regulations
  • 4.13 Market Dynamics
    • 4.13.1 Drivers
    • 4.13.2 Restraints
  • 4.14 Supply Chain Analysis
  • 4.15 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Generation
    • 5.1.1 Oil
    • 5.1.2 Natural Gas
    • 5.1.3 Renewables
  • 5.2 Power Transmission and Distribution

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd
    • 6.3.2 ACWA Power International
    • 6.3.3 Al-Ahleia Switchgear Co. K.S.C.C
    • 6.3.4 General Electric Company
    • 6.3.5 Kharafi National S.A.E.
    • 6.3.6 Kuwait Petroleum Corporation
    • 6.3.7 L&T-Sargent & Lundy Limited
    • 6.3.8 Mitsubishi Heavy Industries Ltd
    • 6.3.9 Siemens AG
    • 6.3.10 Vectrus Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Kuwait Power Industry Segmentation

The Kuwaiti power market report includes:

Power Generation Oil
Natural Gas
Renewables
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Kuwait Power Market Research FAQs

What is the current Kuwait Power Market size?

The Kuwait Power Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Kuwait Power Market?

Kuwait Petroleum Corporation, General Electric Company, Siemens AG, Al-Ahleia Switchgear Co. K.S.C.C and ABB Ltd. are the major companies operating in the Kuwait Power Market.

What years does this Kuwait Power Market cover?

The report covers the Kuwait Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Kuwait Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Kuwait Power Industry Report

Statistics for the 2025 Kuwait Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Kuwait Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.