Middle East & Africa Renewable Energy Market Size & Outlook
Middle East & Africa renewable energy market, 2018-2030 (US$B)
Related Markets
MEA renewable energy market highlights
- The MEA renewable energy market generated a revenue of USD 61.3 billion in 2022.
- The market is expected to grow at a CAGR of 12.7% from 2023 to 2030.
- In terms of segment, wind was the largest revenue generating product in 2022.
- Solar is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Iran is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 61.3 billion |
| Market revenue in 2030 | USD 159.9 billion |
| Growth rate | 12.7% (CAGR from 2022 to 2030) |
| Largest segment | Wind |
| Fastest growing segment | Solar |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hydropower, Wind, Solar, Bioenergy |
| Key market players worldwide | ABB Ltd, Acciona SA, Enel SpA, Haier Smart Home Co Ltd ADR, Innergex Renewable Energy Inc, Invenergy, Schneider Electric SE, Siemens Gamesa Renewable Energy, Suzlon Energy, Tata Power Renewable Energy |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.8% of the global renewable energy market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,543.3 billion by 2030.
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Renewable Energy Market Scope
Renewable Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa renewable energy 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 renewable energy market will help companies and investors design strategic landscapes.
Wind was the largest segment with a revenue share of 37.36% in 2022. Horizon Databook has segmented the Middle East & Africa renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa renewable energy market databook
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Our clientele includes a mix of renewable energy 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 renewable energy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA renewable energy market size, by country, 2018-2030 (US$B)
Middle East & Africa Renewable Energy Market Outlook Share, 2022 & 2030 (US$B)
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