United Arab Emirates (UAE) Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

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The United Arab Emirates (UAE) power market cumulative installed capacity was 43.5 GW in 2021. The market is expected to grow at a CAGR of more than 3% from 2021 to 2035. The UAE is in the process of making significant inroads in the renewable sector due to the growing electricity demand in the country. To meet the renewable targets, the country has been focusing on the installation of utility-scale solar PV projects.

The UAE power market research report discusses the power market structure of the UAE 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.

UAE Power Market Outlook

UAE Power Market Outlook

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What are the market dynamics in the UAE power market?

The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Predominantly an oil-dependent nation, UAE is trying to diversify its power mix by putting greater emphasis on the development of renewable and nuclear energy. The country has been at the forefront of the clean energy transition in the Gulf region in terms of solar PV deployment and ambitious renewable targets. The country aims to generate over 48% of its electricity from carbon-free sources, driven mainly by solar PV, by 2050. These targets are expected to aid the rapid deployment of renewable power plants in the country.

The Federal Ministry of Energy and Infrastructure is the primary regulator at the federal level and is responsible for establishing policies for the water and electricity sectors in the UAE. Different regulating authorities are present in to oversee the electricity market in different emirates. Abu Dhabi’s electricity sector is regulated by the Department of Energy (DoE) and the Emirates Water and Electricity Company (EWEC). The main authorities regulating the electricity sector in Dubai are the Dubai Electricity and Water Authority (DEWA), the Dubai Supreme Council of Energy (DSCE), and the Dubai Regulation and Supervision Bureau (RSB Dubai). The main regulator in Sharjah is the Sharjah Electricity, Water, and Gas Authority (SEWGA) (formerly the Sharjah Electricity and Water Authority (SEWA)). Etihad Water and Electricity (EWE) (formerly Federal Electricity & Water Authority (FEWA)) are responsible for regulating the electricity markets in the emirates of Ajman, Ras Al Khaimah, Fujairah, and Umm al-Quwain.

What are the key sectors in the UAE power market?

The key sectors in the UAE power market are the residential sector, commercial sector, and industrial sector. In 2021, the industrial sector had the dominant share in power consumption, and it was followed by the residential sector.

UAE Power Market Analysis by Sectors

UAE Power Market Analysis by Sectors

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Who are the key market players in the UAE power market?

The key market players in the UAE power market are Dubai Electricity and Water Authority, Abu Dhabi National Energy Company PJSC, Emirates Global Aluminium PJSC, and Sharjah Electricity & Water Authority. In 2021, UAE’s power generation market was dominated by Dubai Electricity and Water Authority.

UAE Power Market Analysis by Market Players

UAE Power Market Analysis by Market Players

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Market Report Overview

Market size (Year – 2021) 43.5 GW
CAGR (2021 to 2035) >3%
Forecast period 2022-2035
Key sectors Residential Sector, Commercial Sector, and Industrial Sector
Key market players Dubai Electricity and Water Authority, Abu Dhabi National Energy Company PJSC, Emirates Global Aluminium PJSC, and Sharjah Electricity & Water Authority

 Scope

  • 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

Dubai Electricity and Water Authority
Abu Dhabi National Energy Co
Emirates Global Aluminium PJSC
Sharjah Electricity & Water Authority

Table of Contents

Table of Contents

| About GlobalData

1. Executive Summary

1.1 UAE starts the commercial operation of first nuclear power reactor in 2021

1.2 Solar PV to lead renewable power market in UAE

2. Introduction

2.1 UAE Power Market

2.2 GlobalData Report Guidance

3. UAE Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. UAE Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

– Deal Value and Volume, 2010–2021

– Deals by Type, 2021

4.4 UAE Power Market, Demand Structure

– Power Consumption by Sector, 2021

5. UAE Power Market, Regulatory Scenario

5.1 Thermal Power Policy

5.2 Nuclear Power Policy

5.3 Renewable Energy Market, Overview

5.4 Renewable Energy Targets

5.5 Dubai Integrated Energy Strategy 2030

5.6 Smart Dubai Initiatives

5.7 Dubai Clean Energy Strategy 2050

5.8 UAE Energy Strategy 2050

5.9 Net Metering

5.10 Green Building Code

5.11 Renewable Energy Auctions

5.12 Overseas Renewable Energy Development Assistance Programme

6. UAE Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2000–2030

6.3 Thermal Power Capacity and Generation, 2000–2030

6.4 Hydropower Capacity and Generation, 2025–2035

6.5 Nuclear Power Capacity and Generation, 2020–2030

6.6 Renewable Power Capacity and Generation, 2010–2035

7. UAE Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. UAE Power Market, Major Generating Companies

8.1 Dubai Electricity and Water Authority

– Company Overview

– Business Description

– SWOT Overview

8.2 Abu Dhabi National Energy Co

– Company Overview

– Business Description

– SWOT Overview

8.3 Emirates Global Aluminium PJSC

– Company Overview

– Business Description

8.4 Sharjah Electricity & Water Authority

– Company Overview

– Business Description

– SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

9.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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