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Qatar Power Market Size (2024 - 2029)

The Qatar power market is anticipated to experience growth driven by efforts to reduce dependence on fossil fuels and diversify the energy mix, particularly with the expansion of the industrial sector. Despite challenges such as the contractor-borne risk rule hindering small local players, the market's capacity is expected to expand, especially in the power transmission and distribution segment due to upcoming network projects. The GCC grid interconnection presents significant opportunities, and the shift towards solar and wind power generation is poised to further enhance the market's potential.

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Market Size of Qatar Power Industry

Qatar Power Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.10 %

Major Players

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*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 Industry Segmentation

The Qatar power market report include:

Power Generation
Oil and Natural Gas
Coal
Nuclear
Hydro
Renewables
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Qatar Power Market Size Summary

The Qatar power market is poised for growth, driven by efforts to reduce dependence on fossil fuels and diversify the energy mix, particularly with the expansion of the industrial sector. The market is experiencing significant developments in the transmission and distribution (T&D) segment, supported by upcoming network expansion projects and the interconnection with the GCC grid. However, the market faces challenges, such as the discouragement of small local players due to contractor risk policies. The shift towards solar and wind power generation is expected to further stimulate the power engineering, procurement, and construction (EPC) market, aligning with Qatar's National Vision 2030 goals for sustainable development and increased renewable energy capacity.

The T&D sector, wholly owned by the state through Kahramaa, is witnessing substantial investments to meet the rising electricity demand, spurred by industrial growth and infrastructure development for events like the FIFA World Cup 2022. This demand has led to significant capacity additions in power generation, necessitating the expansion and upgrading of T&D infrastructure. Major projects, such as the Siraj Power solar plant and Total SA's solar farm, are set to enhance Qatar's renewable energy landscape, driving further investments in both generation and T&D sectors. The market is consolidated, with key players including KAHRAMAA, Nebras Power, Ras Laffan Power Company, and Mesaieed Power Company, all contributing to the evolving energy landscape in Qatar.

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Qatar Power Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Power Generation Mix, 2019

    3. 1.3 Installed Power Capacity and Forecast in GW, till 2025

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Generation

      1. 2.1.1 Oil and Natural Gas

      2. 2.1.2 Coal

      3. 2.1.3 Nuclear

      4. 2.1.4 Hydro

      5. 2.1.5 Renewables

    2. 2.2 Power Transmission & Distribution Network

Qatar Power Market Size FAQs

The Qatar Power Market is projected to register a CAGR of greater than 3.10% during the forecast period (2024-2029)

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.

Qatar Power Market Report Snapshots

Qatar Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)