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Saudi Arabia Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

  • July 2017
  • 47 pages
  • GlobalData
Report ID: 2057203

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Saudi Arabia Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

Summary
Saudi Arabia’s GDP increased from $379 Billion in 2000, to $687.7 Billion in 2016, at a Compound Annual Growth Rate (CAGR) of 3.8%. It is forecast to reach $752.7 Billion by 2020, growing at a CAGR of 1.5% from 2016. The Saudi Arabian economy is largely dependent on oil exports. Industrialization has been progressing slowly, due to a lack of transparency in governance, a cumbersome bureaucracy, a shortage of skilled human resources, and political instability in neighboring countries - which have created an uncertain investment climate.

Thermal energy sources currently dominate Saudi Arabia’s power mix, with a share of 99.97% of the total power. Of the thermal energy, gas-based thermal capacity comprises 51.08%, and oil-based capacity holds 48.89%. The remaining share of the power mix, at 0.03%, is from solar photovoltaic (PV).

Annual electricity consumption increased from 114.2 terawatt hours (TWh) in 2000, to 302.9 TWh in 2016, at a Compound Annual Growth Rate (CAGR) of 6.3%. This increase was due to both economic growth and population growth. Annual electricity generation also increased, from 126.2 TWh in 2000, to 354.2 TWh in 2016 at a CAGR of 6.7% - produced almost entirely from thermal sources, as renewable generation is still at a nascent stage.

Saudi Arabian government’s decision to increase the share of renewable sources in the power mix, the King Abdullah City for Atomic and Renewable Energy (KA-CARE) - a government co-ordinating agency - released a white paper in 2012 detailing a time-bound plan for the introduction of a competitive procurement process for renewable energy. This was prompted by exponential growth in electricity demand, which made it necessary to use increasingly large volumes of Saudi Arabia’s produced oil for power generation, rather than export.

The report "Saudi Arabia Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape" elaborates Saudi Arabia’s power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030.

In particular, this report provides the following -
- Provides a snapshot of the key parameters that affect the power sector, as well as key points about the power market.
- Provides analysis of the power market.
- Details the regulatory control of the power market and the inward foreign investment scenario.
- Provides information on cumulative installed capacity and annual generation trends, by individual generation source.
- Describes the power T&D infrastructure and provides information on interconnectors with neighboring countries.

Companies mentioned in this report: Saudi Electricity Company

Scope
- Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
- Statistics for installed capacity, power generation and consumption from 2000 to 2016, forecast for the next 14 years to 2030.
- Break-up by technology, including thermal, hydro, renewable and nuclear
- Data on leading current and upcoming projects.
- Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports.
- Policy and regulatory framework governing the market.
- Detailed analysis of top market participant, 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
- Identification of 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.

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