Market Size of Iran Power Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 96.96 gigawatt |
| Market Volume (2029) | 116.25 gigawatt |
| CAGR (2024 - 2029) | 3.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Iran Power Market Analysis
The Iran Power Market size in terms of production capacity is expected to grow from 96.96 gigawatt in 2024 to 116.25 gigawatt by 2029, at a CAGR of 3.70% during the forecast period (2024-2029).
- 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.
