Market Size of Qatar Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Power Market Analysis
The Qatar power market is expected to grow at a CAGR of more than 3.1% during the forecast period 2020-2025. Factors such as, efforts to reduce the reliance on fossil fuels for power generation, and to diversify the energy mix with the growth of the industrial sector are likely to drive the Qatar power market during the forecast period. However, the rule that states that the entire risk of loss is bared by the contractor is discouraging the entry of small local players into the market, and this, in turn, is likely to restrain the growth of the Qatar power market in the coming years.
- The power transmission and distribution (T&D) segment is likely to register significant growth during the forecast period, owing to the upcoming T&D network expansion projects.
- GCC grid interconnection between the six Arab states of Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman is expected to provide a great opportunity for the Qatar power market.
- Shift toward the solar and wind power generation is expected to drive the Qatar power EPC market during the forecast period.
