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

The Report Covers Middle-East and Africa Thermal Power Companies and the market is segmented by Fuel Type (Oil, Natural Gas, Nuclear, and Coal) and Geography (United Arab Emirates, Saudi Arabia, Qatar, South Africa, Egypt, and the Rest of the Middle East and Africa).

MEA Thermal Power Market Size

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MEA Thermal Power Market Analysis

The Middle-East and Africa Thermal Power Market is expected to register a CAGR of greater than 3% during the forecast period.

  • With the largest share in electricity generation, natural gas is leading the market. Due to the vast reserves of natural gas, the natural gas-based power generation is expected to continue its dominance during the forecast period.
  • By 2050, the electricity demand of the Middle-East is expected to triple in comparison to 2018. Moreover, with a significant share in African countries without electricity, vast opportunities are anticipated in the future of the thermal power market.
  • Saudi Arabia witnessed the highest power generation in 2019. With planned projects during the forecast period, the nation is expected to dominate the market.

Saudi Arabia to Dominate the Market

  • Saudi Arabia is leading the entire Middle-East and Africa region in terms of electricity generation. The electricity generation has increased from 311 TWh in 2014 to 357 TWh in 2019.
  • With increasing power demand and parallelly increasing investment in thermal energy sources, Saudi Arabia has several projects which are expected to be operational in the forecast period.
  • In 2019, Fadhili gas-fired combined heat and power plant, a co-generation power plant, was completed in the Eastern Providence of the Kingdom near Fadhili (FGP), which has an installed capacity of 1507 megawatts.
  • In 2019, Power China signed an engineering procurement construction contract with the Saudi Electricity Company for the natural gas-fired PP13 power plant. The project includes six gas turbines, six waste heat boilers, two steam turbines, and two air cooling islands. It has a generation capacity of 1,960 megawatts.
  • Saudi Arabia is increasing power generation through both thermal and renewable sources. Owing to the significant dependency on fossil fuels and expected growth in the nuclear market also, the nation is expected to continue its dominance during the forecast period.

MEA Thermal Power Industry Overview

The Middle-East and Africa thermal power market is moderately fragmented. Some of the major players include Dubai Electricity and Water Authority, Eskom Holdings SOC Ltd, Siemens AG, Acwa Power Barka SAOG, and Saudi Electricity Company.

MEA Thermal Power Market Leaders

  1. Dubai Electricity and Water Authority

  2. Eskom Holdings SOC Ltd

  3. Siemens AG

  4. Acwa Power Barka SAOG

  5. Saudi Electricity Company

  6. *Disclaimer: Major Players sorted in no particular order
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MEA Thermal Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in MW, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Oil
    • 5.1.2 Natural Gas
    • 5.1.3 Nuclear
    • 5.1.4 Coal
  • 5.2 Geogrpahy
    • 5.2.1 United Arab Emirates
    • 5.2.2 Saudi Arabia
    • 5.2.3 South Africa
    • 5.2.4 Egypt
    • 5.2.5 Qatar
    • 5.2.6 Rest of the Middle-East and Africa

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 Saudi Electricity Company
    • 6.3.2 Acwa Power Barka SAOG
    • 6.3.3 Eskom Holdings SOC Ltd
    • 6.3.4 Electricite de France SA
    • 6.3.5 Siemens AG
    • 6.3.6 Dubai Electricity and Water Authority
    • 6.3.7 Marubeni Corporation
    • 6.3.8 Egyptian Electricity Holding company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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MEA Thermal Power Industry Segmentation

The Middle-East and Africa thermal power market report includes:

Source Oil
Natural Gas
Nuclear
Coal
Geogrpahy United Arab Emirates
Saudi Arabia
South Africa
Egypt
Qatar
Rest of the Middle-East and Africa
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MEA Thermal Power Market Research FAQs

What is the current Middle-East and Africa Thermal Power Market size?

The Middle-East and Africa Thermal Power Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Middle-East and Africa Thermal Power Market?

Dubai Electricity and Water Authority, Eskom Holdings SOC Ltd, Siemens AG, Acwa Power Barka SAOG and Saudi Electricity Company are the major companies operating in the Middle-East and Africa Thermal Power Market.

What years does this Middle-East and Africa Thermal Power Market cover?

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

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MEA Thermal Power Industry Report

Statistics for the 2025 Middle-East and Africa Thermal Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Thermal 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.

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