Iran Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Iran Power Market Report is Segmented by Generation Source (Natural Gas, Oil, Renewables, Nuclear, and Other Generation Sources), Transmission and Distribution, and End User (Residential, Commercial, and Industrial). The Report Offers Market Size and Forecasts in Installed Capacity for all the Above Segments.

Iran Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Iran Power Market Size

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Iran Power Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 100.55 gigawatt
Market Volume (2030) 120.58 gigawatt
CAGR 3.70 %
Market Concentration Low

Major Players

Iran Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Iran Power Market with other markets in Energy & Power Industry

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Iran Power Market Analysis

The Iran Power Market size in terms of production capacity is expected to grow from 100.55 gigawatt in 2025 to 120.58 gigawatt by 2030, at a CAGR of 3.7% during the forecast period (2025-2030).

  • Over the long term, factors such as high power demand, particularly from the growing manufacturing and construction industry, growth of renewables, and the requirement to renovate the power infrastructure in the country, which is currently in a crumbling situation, are the major driving factors during the forecast period.
  • On the other note, the unstable political scenario of the country is expected to hinder market growth in the near future.
  • Nevertheless, the country has huge power demand from the banking and financial sectors, largely due to cryptocurrency mining, which requires a considerable amount of electricity. The digital network required for bitcoin mining, which is widely followed in the country, is creating a tremendous opportunity for the electricity sector.

Iran Power Industry Overview

The Irani power market is fragmented. Some of the key players in the market (in particular order) include MAPNA Group, Ardabil Electricity Distribution Company, Tabiran Co., Besat Power Generation Management Company, and KPV Solar Iran, among others.

Iran Power Market Leaders

  1. Ardabil Electricity Distribution Company

  2. Besat Power Generation Management Company

  3. MAPNA Group

  4. Tabiran Co

  5. KPV Solar Iran

  6. *Disclaimer: Major Players sorted in no particular order
Iran Power Market Concentration
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Iran Power Market News

August 2023: The Iranian Government launched a new solar power plant in Semnan Province. The plant, which is located in the city of Damghan, has a capacity of 10 megawatts and is expected to generate enough electricity to power around 10,000 homes.

January 2022: The Iranian Energy Ministry announced plans to add around10 GW of renewable energy to the national power grid over the next four years. The country's renewable energy agency SATBA and the Energy Ministry signed an MoU to implement the plan and decided to allocate around IRR 30 trillion in the next budget to initiate the first phase of projects.

Iran Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Power Generation Capacity and Forecast, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Growing Power Demand
    • 4.5.1.2 Growth of Renewables
    • 4.5.2 Restraints
    • 4.5.2.1 Unstable Political Scenario of the Country
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Generation Source
    • 5.1.1 Natural Gas
    • 5.1.2 Oil
    • 5.1.3 Renewables
    • 5.1.4 Nuclear
    • 5.1.5 Other Generation Sources
  • 5.2 Transmission and Distribution
  • 5.3 End User
    • 5.3.1 Residential
    • 5.3.2 Commercial
    • 5.3.3 Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Ardabil Electricity Distribution Company
    • 6.3.2 Besat Power Generation Management Company
    • 6.3.3 MAPNA Group
    • 6.3.4 Tabiran Co.
    • 6.3.5 KPV Solar Iran
    • 6.3.6 Azerbaijan Power Generation Company
    • 6.3.7 Bandar Abbas Power Generation Company
    • 6.3.8 Isfahan Power Generation Company
    • 6.3.9 Zahedan Power Generation Company
    • 6.3.10 Fars Power Generation Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Huge Power Demand from the Banking and Financial Sector in the Country
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Iran Power Industry Segmentation

Power is generated through various primary sources such as coal, hydro, solar, thermal, etc. In utilities, it is a step before its delivery to its end users. The process is followed by transmission and distribution. Under this, the power generated is distributed via high-voltage lines (transmission lines) and low-voltage lines (distribution lines) as per the end user's requirement.

The Irani power market is segmented by generation source, transmission and distribution, and end-user. By generation source, the market is segmented into natural gas, oil, renewables, nuclear, and other generation sources. By end-user, the market is segmented into residential, commercial, and industrial. The report offers market size and forecasts in installed capacity for all the above segments. 

Generation Source Natural Gas
Oil
Renewables
Nuclear
Other Generation Sources
End User Residential
Commercial
Industrial
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Iran Power Market Research FAQs

How big is the Iran Power Market?

The Iran Power Market size is expected to reach 100.55 gigawatt in 2025 and grow at a CAGR of 3.70% to reach 120.58 gigawatt by 2030.

What is the current Iran Power Market size?

In 2025, the Iran Power Market size is expected to reach 100.55 gigawatt.

Who are the key players in Iran Power Market?

Ardabil Electricity Distribution Company, Besat Power Generation Management Company, MAPNA Group, Tabiran Co and KPV Solar Iran are the major companies operating in the Iran Power Market.

What years does this Iran Power Market cover, and what was the market size in 2024?

In 2024, the Iran Power Market size was estimated at 96.83 gigawatt. The report covers the Iran Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Iran Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iran Power Industry Report

Statistics for the 2025 Iran Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.