Middle East Cleantech Energy Market by Technology (Solar PV, Solar CSP, Wind, Hydropower) and by EPC Market Outlook to 2021

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Middle East Cleantech Energy Market by Technology
(Solar PV, Solar CSP, Wind, Hydropower), Site
(Onshore and Offshore) and by EPC Market Outlook
to 2021 Ken Research
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Middle East Cleantech Energy Market by Technology
(Solar PV, Solar CSP, Wind, Hydropower), Site
(Onshore and Offshore) and by EPC Market Outlook
to 2021" provides a comprehensive analysis of
Middle East cleantech energy market. The report
focuses on overall market size for by installed
capacity, segmentation on the basis of type of
energy source (hydro, solar, wind and others),
detailed analysis of hydro, solar and wind energy
market is Middle East covering the market size by
installed capacity, EPC market size, completed
and future projects. The report also covers
detailed analysis of major emerging countries
(Saudi Arabia, Egypt and Jordan) and snapshot on
other countries in the region (Qatar, Kuwait,
Israel, Turkey, Iran, Iraq, Bahrain, Cyprus,
Lebanon), growth drivers, rules and regulations.
The report further includes market projection for
future and analyst recommendations highlighting
the major opportunities and cautions.
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Market Size The Middle East cleantech energy
market witnessed a five year CAGR of during
2011-2016. In 2012, an estimated MW of
cleantech energy power plants were installed.
Majority of the development took place in hydro
energy segment which contributed MW. Many
countries in the Middle East region recovered
from the ongoing protests and have shown
significant interest in diversifying their energy
mix by expanding in the renewable energy sector.
Falling solar panel prices propelled the growth
in countries such as UAE, Qatar, Saudi Arabia and
Jordan where solar power has started gaining
momentum. Many countries have announced very
ambitious plans to develop their solar energy
potential after Paris agreement on climate change
was introduced in 2016. The size of EPC market
is dependent on the new projects coming in the
following years and projects which are completed
in that particular year. In 2016, the EPC market
in Middle East region was estimated at USD
Billion with majority of the contribution coming
from wind energy ().
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Market Segmentation Hydro Power Only two major
countries (Iran and Turkey) are still developing
their hydro power sector. They have well
developed hydro electric power stations.
Hydropower in Middle East region registered a
five year CAGR of in 2011-2016. However share
of hydropower is on decline in overall cleantech
energy market as solar and wind energy
installation gain momentum. Wind Energy Most of
the Middle East countries have sea borders making
them ideal for wind energy generation. Global
leaders such as Vestas and Siemens have shown
deep interest in developing the wind energy in
the region. Turkey was the largest player in the
wind energy segment in the region constituting
of the total cumulative installed capacity in the
wind energy segment.
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Solar power Solar power projects are the latest
additions to the cleantech energy segment in the
region. Many global players in US and China have
stepped up their investment in Middle East region
to tap the growing market for solar power
generation considering their geographical
location and the commitment of the government to
increase the share of solar power in their energy
mix. In 2016, solar power contributed of the
cleantech energy installed capacity which
amounted to MW. Saudi Arabia Cleantech Energy
Market The EPC market size of solar energy market
in the year 2016 was USD million. The market of
EPC for solar segment grew at a CAGR of from
2011 to 2016. Some of the companies operating in
this segment are Marubeni Corporation, Mitsui
Company, Saudi ACWA Power, GTek Solar, Saudi
Aramco, Suntech Power Holdings Company,
Millennium Industries and many more.
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Key EPC companies which have shown interest in
developing the clean energy market include Abu
Dhabi Future Energy Company (Masdar), GE,
Marubeni Corporation, Mitsui Co., JGC Corp, SNC
Lavalin Arabia and Iberdrola Renovables
Energia. The total value of EPC market of wind
energy market in 2017 is estimated to be USD
million and in 2019, the value of EPC will be
around USD million. The major projects coming
in this sector are of Midyan Wind energy project
and Saudi Aramcos wind turbine project. Market
for solar energy in Saudi Arabia is expected to
grow at a CAGR of during the period of
2017-2019. Jordan Cleantech Energy Market The
market size of cleantech energy market in the
year 2011 was MW and it grew by more than 29
times by 2016. The market size for cleantech
energy segment stood MW in 2016. The EPC market
for solar sector doubled from 2015 to 2016. The
size of EPC market in the year 2016 was USD
million. The value of wind energy EPC market
during 2016 was USD million registering a
growth of approximately in the value of EPC
during 2014-2016.
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Some key companies active on Jordan cleantech
energy market include Scatec, Masdar, ACWA power,
Mustakbal, Arc Solar Renewable Energy, Eta Max,
Idea Solar Energy Company, June technologies and
many others. The major EPC players in the country
which were active during 2014-2016 were Masdar,
Eleclnor, InfraMed and many more. Egypt
Cleantech Energy Market Wind Energy was the major
contributor to the sector with market share.
The market size based on cumulative installed
capacity increased to MW at the end of 2016.
Wind energy was largely generated from Zafarana
and Gabal El Zayet wind farm. EPC players in
Egypt solar energy are mainly involved in
developing commercial scale rooftops and small
scale utility solar power plants generating
revenue of estimated USD million in 2016. The
market for EPC was estimated at USD million in
2016 which has increased by more than double
compared to the revenue generated in 2015.
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Market for Egypt cleantech energy is dominated by
international players which include Siemens,
Vestas, Sterling and Wilson, Masdar, and Major
Chinese companies. Domestic companies are
generally engaged to develop the civil mechanical
and other related infrastructure. These mainly
include Elsewedy, Rowad, Egytrans and others.
Market for small scale rooftop installation was
also dominated by domestic players who execute
the installation and construction work. Some key
players operating in rooftop solar panel
installation are Cairo solar, Sunprism and
others. Future Outlook Middle East cleantech
energy sector will continue to register positive
growth due to increasing demand for energy and
increased focus of government to conserve the
environment. By the end of 2021 it is expected
that contribution of hydropower in overall
cleantech energy segment will decrease to from
in 2016. Many countries in the Middle East
region are developing their desalination units
using CSP technology.
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This will give boost to the solar energy market
in the region. It is expected that total
installed capacity at the end of 2021 will reach
an estimated MW with hydropower contributing
MW. Wind will be second largest contributor with
MW. EPC market for cleantech energy will be at
its peak in 2019 when it is estimated to generate
USD billion. Wind energy segment which
initially had been concentrated in Turkey is
expected to increase its presence in Egypt and
Jordan. Many large scale projects are due to be
completed in Egypt and Jordan which will add
revenue for EPC market in these countries.
Countries have made it by regulation that certain
benefits for development of cleantech energy can
only be availed by including percentage of
domestic content which will boost the local
market.
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Key Topics Covered in the Report Middle East
Cleantech Energy Market Introduction, Market
Size Finance Model for Middle East Cleantech
Energy Model Middle East Cleantech Energy Market
Segmentation by Technology of Generation (Hydro,
Wind, Solar, and Others) Middle East Cleantech
Energy EPC Market Size Detailed Country Profile
of Egypt Egypt Cleantech Energy Market
Introduction, Market Size, and Market
Segmentation Egypt Solar Energy Market Size and
Market Segmentation Egypt Solar Rooftop Panel
Scenario Egypt Solar Energy EPC Market Size and
Future Projection Egypt Solar Energy Market Size
Future Projection by Installed Capacity List of
Major Solar Energy Projects in Egypt Egypt Wind
Energy Market Size Egypt Wind Energy EPC Market
Size and Future Outlook Future Outlook to Wind
Energy market in Egypt
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List of Major Wind Energy Projects in
Egypt Competitive landscape of major players in
Egypt Cleantech Energy market Issues and
challenges to Egypt Cleantech Energy
Market Future Outlook to Egypt Cleantech Energy
Market Detailed Country Profile of Saudi
Arabia Saudi Arabia Cleantech Energy Market
Introduction, Market Size, and Market
Segmentation Saudi Arabia Solar Energy Market
Size and Market Segmentation Saudi Arabia Solar
Rooftop Panel Scenario Saudi Arabia Solar Energy
EPC Market Size and Future Projection Saudi
Arabia Solar Energy Market Size Future Projection
by Installed Capacity Saudi Arabia Wind Energy
Market Introduction Saudi Arabia Wind Energy EPC
Future Outlook Saudi Arabia Wind Energy Market
Size Future Projection by Installed Capacity
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Competitive landscape of major players in Saudi
Arabia Cleantech Energy market Trends and
Developments in Saudi Arabia Cleantech Energy
Market Issues and challenges in Saudi Arabia
Cleantech Energy Market SWOT Analysis of Saudi
Arabia Cleantech Energy Market Detailed Country
Profile of Jordan Jordan Cleantech Energy Market
Introduction, Market Size, and Market
Segmentation Jordan Solar Energy Market Size and
Market Segmentation Jordan Solar Rooftop Panel
Scenario Jordan Solar Energy EPC Market Size and
Future Projection Jordan Solar Energy Market Size
Future Projection by Installed Capacity Jordan
Wind Energy Market Introduction Jordan Wind
Energy EPC Future Outlook
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Jordan Wind Energy Market Size Future Projection
by Installed Capacity Competitive landscape of
major players in Jordan Cleantech Energy
market Trends and Developments in Jordan
Cleantech Energy Market SWOT Analysis of Jordan
Cleantech Energy Market. Snapshot on Major
Countries in the Region (Iran, Turkey, Lebanon,
Cyprus, Bahrain, Iraq and Others) Trends and
Developments Middle East Cleantech Energy Future
Outlook Analyst Recommendation
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Source https//www.kenresearch.com/energy-and-
utilities/clean-technology/middle-east-cleantech-s
olar-wind-hydro-market/142275-103.html ContactK
en ResearchAnkur Gupta, Head Marketing amp
Communicationsquery_at_kenresearch.com91-124-
4230204www.kenresearch.com
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