United Arab Emirates (UAE) Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035

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Published: April 10, 2024 Report Code: GDPE2334ICR-ST

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United Arab Emirates (UAE) Power Market Report Overview

The power market in the United Arab Emirates had a total installed power capacity of 51.2GW in 2023 and will achieve a CAGR of more than 3% during 2023–2035. Thermal power dominated the capacity segment, followed by renewable power.

The United Arab Emirates (UAE) Power Market Outlook 2023-2035 (GW)

The United Arab Emirates (UAE) Power Market Outlook 2023-2035 (GW)

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The UAE power market research report discusses the power market structure of the country and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A 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.

Market Size (2023) 51.2GW
CAGR (2023 – 2035)  >3%
Historical Period 2015-2022
Forecast Period 2023-2035
Key Sectors ·        Commercial

·        Residential

·        Industrial

·        Others
Key Deal Types ·        Acquisitions

·        Partnerships

·        Debt Offerings

·        Venture Financing

·        Equity Offerings
Leading Players ·        Dubai Electricity and Water Authority

·        Abu Dhabi National Energy Company

·        Emirates Global Aluminium PJSC

·        Sharjah Electricity & Water Authority
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The United Arab Emirates Power Market Dynamics

The UAE is one of the biggest exporters of oil in the world and plays a major role in the Organization of the Petroleum Exporting Countries (OPEC). It is currently on a high growth trajectory due to substantial oil and gas reserves and is one of the most prosperous countries in the Middle East. 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. Several regulating authorities are present in different emirates to oversee the electricity market. For instance, 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).

Since 1971, the United Arab Emirates (UAE) has relied on its large oil and natural gas resources to support its economy. Rapid economic and demographic growth over the past decade pushed the UAE’s electricity grid to its limits. The country is planning to add nuclear, renewable, and coal-fired electricity generating capacity to accommodate rising demand. For the past few years, the UAE has been investing significantly in renewable technologies to diversify its power mix. Dubai has set targets to increase electricity from renewable sources so that these will account for at least 21.6% of electricity generation by 2035.

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The UAE Power Market Segmentation by Sectors

The key sectors in the power market in the UAE are industrial, residential, and commercial. In 2023, the commercial sector had the largest share in the UAE’s power consumption market.

The United Arab Emirates (UAE) Power Market Analysis by Sectors

The United Arab Emirates (UAE) Power Market Analysis by Sectors

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The UAE Power Market – Deal Types

The key deal types in the UAE power market are acquisitions, partnerships, debt offerings, venture financing, and equity offerings. In 2023, both acquisitions and partnerships had an equal share of the total number of deals.

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The United Arab Emirates (UAE) Power Market - Competitive Landscape

A few of the leading players in the UAE power market are Dubai Electricity and Water Authority, Abu Dhabi National Energy Company, Emirates Global Aluminium PJSC, and Sharjah Electricity & Water Authority among others.

Dubai Electricity and Water Authority: The company provides electricity and water services in the Emirate of Dubai. It operates and maintains power stations, desalination plants, aquifers, power and water transmission lines, and power and water distribution networks in the Emirate. The authority also provides various services, including bill payment, a smart collection platform, EV charger card services, electricity and water management, energy audits, clearance certificate services, and tariff calculators.

Abu Dhabi National Energy Company: It is a subsidiary of Abu Dhabi Power Corporation an energy and water company. Its operations include strategic power generation and water desalination assets. The company also operates upstream and midstream oil and gas businesses. It also includes midstream gas storage, oil and gas processing, and transportation. The company generates electricity through plants in Ghana, India, Saudi Arabia, Morocco, and the US. TAQA serves power, oil and gas, and water industries.

The UAE Power Market Analysis by Companies

The UAE Power Market Analysis by Companies

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Scope

The 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 2015 to 2023, and forecast 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 historical 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

1 Executive Summary

1.1 Thermal Power to continue dominance in UAE’s power mix in the next decade.

1.2 Solar PV to continue 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 Geopolitical Crisis

4 UAE Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

– Deal Value and Volume, 2015-2023

– Deals by Type, 2023

4.4 UAE Power Market, Demand Structure

– Power Consumption by Sector, 2023

5 UAE Power Market, Regulatory Scenario

5.1 Renewable Energy Market, Overview

5.2 Policy Snapshot

5.3 Renewable Energy Targets

5.4 Dubai Integrated Energy Strategy 2030

5.5 Smart Dubai Initiatives

5.6 Dubai Clean Energy Strategy 2050

5.7 UAE Energy Strategy 2050

5.8 Net Metering

5.9 Green Building Code

5.10 Renewable Energy Auctions

5.11 National Climate Change Plan 2050

5.12 Clean Energy Certificates

6 UAE Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2023

6.2 Total Power Capacity and Generation, 2015-2035

6.3 Thermal Power Capacity and Generation, 2015-2035

6.4 Hydropower Capacity and Generation, 2025-2035

6.5 Nuclear Power Capacity and Generation, 2020-2035

6.6 Renewable Power Capacity and Generation, 2015-2035

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 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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Table

Table 1: Power Market, UAE, Macroeconomic Factors, 2015-2030

Table 2: Policy Snapshot, UAE, 2023

Table 3: Power Market, UAE, Cumulative Capacity and Annual Generation, 2015-2035

Table 4: Power Market, UAE, Cumulative Capacity and Annual Generation Share by Technology, 2015-2035

Table 5: Thermal Power Market, UAE, Cumulative Capacity and Annual Generation, 2015-2035

Table 6: Thermal Power Market, UAE, Major Plants, 2023

Table 7: Hydropower Market, UAE, Cumulative Capacity and Annual Generation, 2025-2035

Table 8: Hydropower Market, UAE, Major Plants, 2023

Table 9: Nuclear Power Market, UAE, Cumulative Capacity and Annual Generation, 2020-2035

Table 10: Nuclear Power Market, UAE, Major Plants, 2023

Table 11: Renewable Power Market, UAE, Cumulative Capacity (GW), 2015-2035

Table 12: Renewable Power Market, UAE, Annual Generation (TWh), 2015-2035

Table 13: Renewable Power Market, UAE, Major Plants, 2023

Table 14: Power Market, UAE, Transmission Line Length (Ckm) by Voltage Level, 2015-2028

Table 15: Power Market, UAE, Distribution Line Length (Ckm) by Voltage Level, 2015-2028

Table 16: Power Market, UAE, Annual Electricity Import and Export (TWh), 2015-2023

Table 17: Power Market, UAE, Upcoming Interconnection Projects

Table 18: Abbreviations

Figures

Figure 1: Thermal Power Market, UAE, Cumulative Thermal Power Capacity and Generation, 2015-2035

Figure 2: Renewable Power Market, UAE, Cumulative Renewable Power Capacity, 2015-2035

Figure 3: Power Market, UAE, Country Summary

Figure 4: Power Market, UAE, Macroeconomic Factors, 2015-2030

Figure 5: Power Market, UAE, Market Structure

Figure 6: Power Market, UAE, Market Share of Generation Companies (%), 2023

Figure 7: Power Market, UAE, Deal Value and Number of Deals, 2015-2023

Figure 8: Power Market, UAE, Deals by Type (%), 2023

Figure 9: Power Market, UAE, Annual Power Consumption, 2015-2035

Figure 10: Power Market, UAE, Power Consumption by Sector (%), 2023

Figure 11: Power Market, UAE, Cumulative Capacity Share by Technology (%), 2023

Figure 12: Power Market, UAE, Cumulative Capacity and Annual Generation, 2015-2035

Figure 13: Power Market, UAE, Capacity Share by Technology, 2015-2035

Figure 14: Power Market, UAE, Annual Generation Share by Technology, 2015-2035

Figure 15: Thermal Power Market, UAE, Cumulative Capacity and Annual Generation, 2015-2035

Figure 16: Nuclear Power Market, UAE, Cumulative Capacity and Annual Generation, 2020-2035

Figure 17: Renewable Power Market, UAE, Cumulative Capacity, 2015-2035

Figure 18: Renewable Power Market, UAE, Annual Generation, 2015-2035

Figure 19: Power Market, UAE, Annual Electricity Import and Export, 2015-2023

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