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Middle East renewable energy market: Major economies taking steps to grow industry
Middle East Renewable Energy Sector Analysis - a new market research report on 2014-03-04 13:26:02
The Middle East renewable energy market is currently in the midst of a major transformation. All major economies in Middle East region have started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). Saudi Arabia, United Arab Emirates, Kuwait and Oman have declared their intentions to produce at the minimum 10% of electricity from renewable sources by 2020.The growing economy in the Middle East, combined with growing population has affected a growth in the urbanization in these nations which has resulted in an increase in consumption of oil and gas. The growing population demands more electricity, power plants based majorly on non renewable sources.The Middle East is one region in the world that requires energy even for drinking water which is produced by desalination of sea water. Growing population means more demand of water requiring more energy. The increasing in house consumption of energy sources has the Middle East worried over the increasing share it has to divert domestically, leaving comparatively lesser for export.Electricity production is the most energy intensive industry in these countries and is produced mostly from fossil fuels. The climatic conditions of the region make air conditioning a must resulting in more than average power consumption as compared to the rest of the world. About 99% of water in these countries comes from desalination, another energy consuming process, working mainly on gas feeds.Water and electricity together are the most energy consuming sectors in the region and some of these countries are the highest per capita consumers of power and water. With depleting oil and gas reserves and export quotas and commitments to fulfill, it is vital for the Middle East countries to diversify and look at renewable sources of energy for power and water production.Report ScopeThis research report is an intriguing text that gives facts and projected figures about the paradoxical situation arising in the world, with the world´s largest oil and gas providers looking at renewable sources to light their own bulbs. The report meticulously takes through each country´s electricity and water situation and then its renewable energy efforts along with policies and regulations. It is packed with information and adds a special feature on the GCC interconnection grid that will be fed with power from the renewable sources of energy in the coming years and also gives the potential renewable sources of energy and the future scenario of the Middle East region with the latest developments.This research report discusses following aspects related to Renewable Energy Development in Middle East Region:- Current Electricity Generation
- Renewable Energy Resource Mapping
- Renewable Energy Initiatives
- Renewable Energy Targets
- Policy & Regulatory Framework
- Emerging Trends in Renewable Energy Development
- GCC Electricity Grid

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