Qatar Power Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Power Market Analysis
The Qatar power market is expected to grow at a CAGR of more than 3.1% during the forecast period 2020-2025. Factors such as, efforts to reduce the reliance on fossil fuels for power generation, and to diversify the energy mix with the growth of the industrial sector are likely to drive the Qatar power market during the forecast period. However, the rule that states that the entire risk of loss is bared by the contractor is discouraging the entry of small local players into the market, and this, in turn, is likely to restrain the growth of the Qatar power market in the coming years.
- The power transmission and distribution (T&D) segment is likely to register significant growth during the forecast period, owing to the upcoming T&D network expansion projects.
- GCC grid interconnection between the six Arab states of Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman is expected to provide a great opportunity for the Qatar power market.
- Shift toward the solar and wind power generation is expected to drive the Qatar power EPC market during the forecast period.
Qatar Power Market Trends
This section covers the major market trends shaping the Qatar Power Market according to our research experts:
Power Transmission and Distribution (T&D) Segment to Witness Significant Growth
- The transmission and distribution sector in the country is 100% owned by the state-owned organization, Kahramaa, a subsidiary of Qatar General Electricity & Water Corporation. No private investment is allowed in this sector.
- Qatar has a well-established grid infrastructure that connects 100% of the population in the country. The transmission and distribution sector is witnessing a massive inflow of investments, mainly owing to the increasing power demand and developments in the power generation sector, which resulted in the need for new infrastructure, as well as upgradation of existing transmission and distribution infrastructure.
- The increasing demand for electricity in the country is expected to boost the expansion of the T&D network in new areas and demand centers across the country in the coming years. This, in turn, is expected to boost the market during the forecast period
- Moreover, with the growth of the industrial sector, particularly in the last five years, and increasing infrastructure development aimed at the FIFA World Cup 2022, the electricity demand in the past few years grown at a rate well over 7%. In order to meet this demand, the power generation sector witnessed significant capacity additions. During 2008-2018, the installed power generation capacity increased from 4,032 MW to 10,580 MW.
- Hence, during the forecast period, given the number of power generation projects under-construction and in-pipeline, the demand for the transmission and distribution infrastructure is expected to register a similar growth trend.
Shift Towards Renewable Energy Sources to Drive Market
- In 2008, the Government of Qatar announced Qatar National Vision 2030 plan, aimed at the sustainable future development. The vision had set the target of achieving 2% of the electricity generation from the renewables by the end of 2022, and 20% of electricity generation from solar power by 2030.
- In line with this plan, several projects are under-construction/under-pipeline in the country. Some of such major projects are:
- Siraj Power, a state-owned company, is in the processing of selecting the EPC contractor through bidding for a 700 MW solar power plant to be built in Al Kharsa district. The 350 MW of the solar capacity from this plant is expected to be connected to the grid by the first quarter of 2021, and the rest 350 MW is estimated to be connected to the grid by the fourth quarter of 2021.
- Further, in January 2020, Total SA announced that it is going to build an 800 MW solar farm in Qatar. Upon commencement, this plant is expected to become the biggest solar power plant in the country. This solar farm is also Total SA's biggest solar power plant project to date.
- The renewable power generation is expected to drive the investments not only in the power generation sector, but also in the transmission and distribution sector. The renewable energy is an intermittent source of power and hence, can put extra pressure on the grid infrastructure. In order to handle the intermittency issues, the transmission & distribution infrastructure is expected to require the upgradation.
Qatar Power Industry Overview
The Qatar power market is consolidated. Some of the key players in this market include Qatar General Water & Electricity Corporation (KAHRAMAA), Nebras Power, Ras Laffan Power Company, and Mesaieed Power Company.
Qatar Power Market Leaders
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Qatar General Water & Electricity Corporation (KAHRAMAA)
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Nebras Power
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Ras Laffan Power Company
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Mesaieed Power Company
*Disclaimer: Major Players sorted in no particular order
Qatar Power Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Power Generation Mix, 2019
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4.3 Installed Power Capacity and Forecast in GW, till 2025
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4.4 Recent Trends and Developments
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4.5 Government Policies and Regulations
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4.6 Market Dynamics
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4.6.1 Drivers
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4.6.2 Restraints
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4.7 Supply Chain Analysis
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4.8 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Power Generation
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5.1.1 Oil and Natural Gas
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5.1.2 Coal
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5.1.3 Nuclear
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5.1.4 Hydro
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5.1.5 Renewables
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5.2 Power Transmission & Distribution Network
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Qatar General Water & Electricity Corporation (KAHRAMAA)
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6.3.2 Ras Laffan Power Company
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6.3.3 Nebras Power Q.S.C.
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6.3.4 Mesaieed Power Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Qatar Power Industry Segmentation
The Qatar power market report include:
| Power Generation | |
| Oil and Natural Gas | |
| Coal | |
| Nuclear | |
| Hydro | |
| Renewables |
Qatar Power Market Research FAQs
What is the current Qatar Power Market size?
The Qatar Power Market is projected to register a CAGR of greater than 3.10% during the forecast period (2024-2029)
Who are the key players in Qatar Power Market?
Qatar General Water & Electricity Corporation (KAHRAMAA), Nebras Power, Ras Laffan Power Company and Mesaieed Power Company are the major companies operating in the Qatar Power Market.
What years does this Qatar Power Market cover?
The report covers the Qatar Power Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Power Industry Report
Statistics for the 2024 Qatar Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Power analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
