Key Market Indicators
Emirati electricity generation is poised for significant growth over the next five years. According to recent projections, the nation’s electricity output is expected to reach approximately 183 terawatt-hours by 2028, up from an estimated 159 terawatt-hours in 2023. This marks an average annual growth rate of 2.3%. Historically, the Emirati electricity supply has seen steady expansion. Since 1990, the country’s electricity generation has increased at an average annual rate of 3.1%. In the global context, the United Arab Emirates was ranked 27th in electricity generation in 2023, with Sweden slightly ahead, also generating around 159 terawatt-hours. The top positions were held by the United States, India, and Russia, occupying the second, third, and fourth spots respectively.
