2012-09-13 04:25:19 - Economic 360 for the UAE: Growth Prospects and Emerging Opportunities in the Energy Industry - a new market research report on companiesandmarkets.com
The United Arab Emirates (UAE) is the second highest consumer of energy in the Middle East, after Saudi Arabia. The greater demand for energy, caused by rapid industrialization and expansion in the residential sector, and the attendant rise in demand for oil and gas have attracted investments in oil and gas exploration, refining and production in the hydrocarbon sector, and equipment for solar and nuclear power plants in the renewable energy sector. The abundant availability of natural resources is the backbone of the energy industry in the UAE. The country is a major consumer of natural resources such as oil and gas, while the consumption of renewable energy such as solar, wind, and nuclear was negligible in 2010.Although most of
the UAE´s energy needs are met through carbon-based fossils fuels, the country is increasingly adopting renewable energy sources and is likely to develop five solar power plants and four nuclear reactors by 2020 and emerge as a nuclear energy leader. The growing renewable energy market offers business opportunities in the development of photovoltaic (PV) cells, PV module components, PV module connectors, solar air heating systems, solar electric charge controllers, solar electric power systems, solar water heating components, and sun concentrating PV systems.Report ScopeEconomic 360 for the UAE: Growth Prospects and Emerging Opportunities in the Energy Industry is our Country Industry Forecast service, which provides vital inputs for evaluating the attractiveness of the country and its energy industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps identify new market opportunities. In addition, investors can assess industry-specific risk factors as well as conduct more in-depth micro research.
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