Iran Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
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Iran Power Market Overview
The Iran power market cumulative installed capacity was 87.7 GW in 2021. The market is expected to achieve a CAGR of more than 2% during 2021-2035. The Iran power market research report discusses the power market structure of Iran and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
Iran Power Market Overview
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Iran Power Market Dynamics
The Iranian market has been negatively impacted by the series of sanctions that are imposed by the US. Sanctions that were imposed in June 2019, January 2020, then March 2020, and lately in July 2022, have made it difficult for Iran’s finance and banking sectors as it is virtually impossible to make payments or secure debt and equity finance for projects.
In January 2022, the Iranian Energy Ministry announced plans to add to renewable capacity by the end of 2026 to achieve the long-term target of renewable cumulative capacity. The Renewable Energy and Energy Efficiency Organization (SATBA) signed an MOU with private investors to execute the plan and has indicated that it would allocate a significant amount toward the first set of projects in the upcoming budget.
The government has several support systems to promote the growth of renewable energy. The government allows custom-duty exceptions for equipment used in the construction of renewable power plants.
Key Iran Power Market Sectors
The key sectors in the Iran power market are the industrial sector, commercial sector, residential sector, and others. In 2021, the industrial sector had the dominant share in the power consumption market.
Iran Power Market Analysis, by Sectors
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Key Companies in Iran Power Market
Some of the key companies in the Iran power market are Iran Power Development Co., Iran Water and Power Resources Development Co., MAPNA Group, and Mazandaran Regional Electric Company. Among these players, Iran Power Development Co. has the largest share.
Iran Power Development Co.
Iran Power Development Co (IPD) is a manufacturer of copper and aluminum cables and wires. The company’s products include medium voltage aerial spacer cables, overhead cables with aluminum alloy, overhead conductors (ACSR), aerial bundle cables, aluminum wires, suspended bare copper cables, and various types of low-voltage wires and cables. It has a manufacturing facility in Tehran and distributes the products across Iran. IPD is headquartered in Tehran, Iran.
Iran Water and Power Resources Development Co.
Iran Water and Power Resources Development Co (IWPC) is an energy company that develops and operates power generating, water transfer, and pump storage projects. The company provides activities such as preparing, operating, and developing hydropower generating facilities and structures, and preparing and implementing national projects in the fields of providing and transferring water and pump-storage facilities and structures. IWPC is headquartered in Tehran, Iran.
MAPNA Group
MAPNA Group (Mapna) is an energy service company. The company is engaged in the development and execution of power stations, oil and gas fields and refineries, and railway transportation facilities. The company offers specialty services, subspecialty services, training, project management services, procurement, drilling technical services, turnkey solutions, investment and operational services, maintenance, and after-sales services. Mapna is headquartered in Tehran, Iran.
Mazandaran Regional Electric Company
Mazandaran Regional Electric Company (MREC) operates as an energy utility. The utility’s services include determination of the bounds, determination of the damage, estates purchasing, complaints settlement, and branch selling services. MREC’s power plant comprises steam power generation units, gas turbine units, and HRSG units. The utility also operates the Aliabad power plant located in Golestan province and the Noshahr power plant, which is in the western part of the Mazandaran province. MREC is headquartered in Mazandaran, Iran.
Iran Power Market Analysis, by Companies
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Iran Power Market Report Overview
Cumulative Installed Capacity (2021) | 87.7 GW |
CAGR (2021-2035) | >2% |
Key Sectors | Residential Sector, Commercial Sector, Industrial Sector, and Others |
Key Companies | Iran Power Development Co., Iran Water and Power Resources Development Co., MAPNA Group, and Mazandaran Regional Electric Company |
Scope
This report provides:
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035.
- Capacity, generation, and major power plants by technology.
- Data on leading active and upcoming power plants.
- Information on transmission and distribution infrastructure, and electricity imports and exports.
- Policy and regulatory framework governing the market.
- Detailed analysis of top market participants, including market share analysis and SWOT analysis.
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Iran Water and Power Resources Development Co.
MAPNA Group
Arian Mah Taab Gostar Co.
Mazandaran Regional Electric Company
Persian Foolad Company
Table of Contents
Table
Figures
Frequently asked questions
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What was the Iran power market cumulative installed capacity in 2021?
The cumulative installed capacity in the Iran power market was 87.7 GW in 2021.
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What is the Iran power market growth rate?
The power market in Iran is expected to achieve a CAGR of more than 2% during 2021-2035.
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What are the key sectors in the Iran power market?
The key sectors in the Iran power market are the residential sector, commercial sector, industrial sector, and others.
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Which are the key companies in the Iran power market?
Some of the key companies in the Iran power market are Iran Power Development Co., Iran Water and Power Resources Development Co., MAPNA Group, and Mazandaran Regional Electric Company.
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What is the annual power consumption in Iran?
Power consumption increased from 95.5 TWh in 2000 to 276.3 TWh in 2020, growing at a CAGR of more than 5%.
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What sector is the leading driver of Iran’s power consumption?
In 2020, the industrial sector had the dominant share in power consumption accounting for more than 30%.
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Who owns and operates Iran’s transmission network?
Electricity transmission in Iran is the sole responsibility of Tavanir. The transmission network is managed and operated by 16 regional electricity companies under Tavanir. It is self-sufficient in the building of transmission and distribution networks in Iran.
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