Middle East & Africa Natural Gas Fired Electricity Generation Market Size & Outlook
Middle East & Africa natural gas fired electricity generation market, 2016-2027 (US$M)
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MEA natural gas fired electricity generation market highlights
- The MEA natural gas fired electricity generation market generated a revenue of USD 10,780.9 million in 2019.
- The market is expected to grow at a CAGR of 4.8% from 2020 to 2027.
- In terms of segment, combined cycle was the largest revenue generating technology in 2019.
- Open Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 10,780.9 million |
| Market revenue in 2027 | USD 15,653.0 million |
| Growth rate | 4.8% (CAGR from 2019 to 2027) |
| Largest segment | Combined cycle |
| Fastest growing segment | Open Cycle |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Cycle, Combined Cycle |
| Key market players worldwide | Portland General Electric Co, Siemens AG, Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, Ansaldo Energia |
Other key industry trends
- In terms of revenue, MEA region accounted for 29.2% of the global natural gas fired electricity 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 20,533.5 million by 2027.
Key Regions: U.S. , Japan , Saudi Arabia , Russia , China
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Natural Gas Fired Electricity Generation Market Scope
Natural Gas Fired Electricity Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa natural gas fired electricity 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 natural gas fired electricity generation market will help companies and investors design strategic landscapes.
Combined cycle was the largest segment with a revenue share of 76.31% in 2019. Horizon Databook has segmented the Middle East & Africa natural gas fired electricity generation market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2016 to 2027.
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Target buyers of Middle East & Africa natural gas fired electricity generation market databook
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Our clientele includes a mix of natural gas fired electricity generation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa natural gas fired electricity generation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa natural gas fired electricity generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA natural gas fired electricity generation market size, by country, 2016-2027 (US$M)
Middle East & Africa Natural Gas Fired Electricity Generation Market Outlook Share, 2019 & 2027 (US$M)
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