Market Size of Middle East And Africa Combined Heat And Power Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 245.67 Million |
| Market Size (2029) | USD 315.57 Million |
| CAGR (2024 - 2029) | > 5.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Combined Heat & Power Market Analysis
The Middle-East And Africa Combined Heat And Power Market size is estimated at USD 245.67 million in 2024, and is expected to reach USD 315.57 million by 2029, growing at a CAGR of greater than 5.10% during the forecast period (2024-2029).
- Over the medium term, the increasing industrial development coupled with demand for energy efficiency is expected to drive the market during the forecast period.
- On the other hand, increasing penetration of renewable energy sources such as solar energy is expected to hinder the growth of the market during the forecasted period.
- Nevertheless, the ability of combined heat and power systems to be integrated with renewable energy sources is expected to create huge opportunities for the Middle-East and Africa Combined Heat and Power Market.
- Saudi Arabia is expected to be a dominant region for the market due to the increasing demand for energy in the region.
