Middle East CleanTech Energy Market

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Middle East CleanTech Energy Market
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Stability of Government, Improving Economic
Conditions and Reduction in Electricity Subsidy
will lead the Growth in Cleantech Energy Segment.
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Middle East cleantech energy sector is dominated
by Turkey whose contribution to the cleantech
sector constantly increased from 2011-2016. All
sectors in the cleantech energy generation have
registered positive growth with significant
increase in the proportion of wind energy.
Total installed capacity increased more than
twice with the majority of the market captured by
leading global wind turbine suppliers which
included Nordex, Vestas, GE, Siemens and others.
Growth rate was maximum in solar energy segment
which increased by more than seven fold in
2011-2016.
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Turkey and Israel were the major countries which
contributed to the growth of solar energy in the
region. Solar Energy Market was majorly
dominated by local, US and European panel
manufacturers. Chinese panel manufacturers have
increased their presence to capture the
continuously growing market. Development of
hydro energy was only witnessed in Iran and
Turkey with total addition made during 2011-2016
exceeding the combined installed capacity from
all other sources of cleantech energy in the
entire Middle East region.
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Waste to energy is still in its infancy with
commercial exploitation of geothermal sources
restricted to one country in the region. EPC
market for developing these projects has
witnessed varying growth due to erratic nature of
the market. It was hampered by instability and
fluctuating oil prices in the region. Middle
East has vast area of barren land which is
uninhabited making it ideal for generating
renewable energy. All countries in Middle East
region receive ample hours of sunlight with very
good amount of solar incident energy.
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Oil exporting countries diversifying their energy
mix and oil importing countries to reduce their
dependence on imported fuel is expected to
promote the growth of Cleantech energy sources in
Middle East. The report titled Middle East
Cleantech Energy Market by Technology (Solar PV,
Solar CSP, Wind, Hydropower) and by EPC Market
Outlook to 2021 by Ken Research suggested that
market for cleantech energy will be driven by
wind energy segment. Global manufacturers
including Siemens Gamesa, GE and Vestas will
develop the majority of projects. Solar is
expected to register very fast growth as many
large projects are in pipeline. Growth of waste
to energy will be minimal.
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to below link https//www.kenresearch.com/energy
-and-utilities/clean-technology/middle-east-cleant
ech-solar-wind-hydro-market/142275-103.html Conta
ct UsKen ResearchAnkur Gupta, Head Marketing
CommunicationsSales_at_kenresearch.com91-124423020
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Oil exporting countries diversifying their energy
mix and oil importing countries to reduce their
dependence on imported fuel is expected to
promote the growth of Cleantech energy sources in
Middle East. The report titled Middle East
Cleantech Energy Market by Technology (Solar PV,
Solar CSP, Wind, Hydropower) and by EPC Market
Outlook to 2021 by Ken Research suggested that
market for cleantech energy will be driven by
wind energy segment. Global manufacturers
including Siemens Gamesa, GE and Vestas will
develop the majority of projects. Solar is
expected to register very fast growth as many
large projects are in pipeline. Growth of waste
to energy will be minimal.