Middle East & Africa Distributed Energy Generation Market Size & Outlook
Middle East & Africa distributed energy generation market, 2016-2027 (US$M)
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MEA distributed energy generation market highlights
- The MEA distributed energy generation market generated a revenue of USD 1,253.9 million in 2019.
- The market is expected to grow at a CAGR of 7.4% from 2020 to 2027.
- In terms of segment, reciprocating engines was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2019 | USD 1,253.9 million |
| Market revenue in 2027 | USD 2,217.1 million |
| Growth rate | 7.4% (CAGR from 2019 to 2027) |
| Largest segment | Reciprocating engines |
| Fastest growing segment | Solar Photovoltaic |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.5% of the global distributed energy generation market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 292,667.0 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Reciprocating engines was the largest segment with a revenue share of 56.42% in 2019. Horizon Databook has segmented the Middle East & Africa distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
Power demand in the region is expected to grow significantly with increasing population. The population in countries such as Kuwait, Oman, Qatar, Saudi Arabia and the UAE is growing rapidly.
Economic diversification strategies and climate change initiatives have pointed out to other sources of energy such as wind and solar, which is expected to fuel the demand for renewable energy for power generation in the region.
The solar PV system market has been growing substantially particularly in South Africa owing to the growing need for clean energy, which in turn is expected, to fuel DEG market. Availability of solar and wind energy in Middle Easter and African countries particularly in Saudi Arabia and Egypt is one of the primary factors attracting various end-use industries to opt for renewable energy sources.
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa distributed energy generation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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