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Middle-East and Africa Combined Heat and Power Market - Growth, Trends, and Forecasts (2020-2025)

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  • 100 Pages
  • May 2020
  • Region: Africa
  • Mordor Intelligence
  • ID: 5025449
UP TO OFF until Dec 31st 2023
The Middle-East and Africa combined heat and power market is expected to grow at a CAGR of over 2% during the forecast period of 2020-2025. Factor such as increasing energy efficiency and a decrease in greenhouse gas emissions are likely to drive the Middle-East and Africa combined heat and power market. However, the initial high cost of investment in a CHP project is expected to restrain the Middle-East and Africa combined heat and power market during the forecast period.
  • The Biomass segment, due to there abundant resources, held a significant market share in 2018 and is likely to see significant market growth.
  • The population of Africa is expected to increase by half a billion by 2040, which means more energy demand in the region. This is likely to create several opportunities for the Middle-East and Africa combined heat and power market in the future.
  • Saudi Arabia, due to its increasing usage of natural gas for its energy generation, held a significant market, and is likely to dominate the market.

Key Market Trends

Biomass Expected to See Significant Market Growth
  • Biomass energy in the past several years has grown significantly. The combustion of organic material generates energy from biomass. Biomass combined heat and power is expected to be a beneficial technology for a sector that has a regular demand for both heat and electricity, mainly when the site is off the mains grid, and biomass fuel is easily available.
  • Combined heat and power (CHP) is an energy-efficient technology that generates electricity and captures the heat that would otherwise be wasted. Using the CHP, the efficiency of the plants is expected to increase up from 50% to 80%.
  • In 2020, the global beverage company Distell has ramped up its sustainability efforts with the help of South African company, SustainPower. The two companies got together on a combined heat and power (CHP) plant, which was recently installed at Distell’s Springs cider manufacturing facility to convert the effluent treatment plant’s biomass by-product into power.
  • Therefore, owing to the above points, the biomass segment is likely to see significant market growth in Middle-East and Africa combined heat and power market.

Saudi Arabia to Dominate the Market
  • In 2018, the total electricity generation from the power sector in Saudi Arabia was 383.8 terawatt-hours (TWh). Saudi Arabia in 2018 generated 18.33% of the total electricity of the Middle-East and Africa. Approximately 99.95% of the electricity in Saudi Arabia was produced by combined heat and power sector, which mainly comprises of oil and natural gas.
  • In 2018, Saudi Arabia generated 383.6 terawatt-hours (TWh) of electricity from combined heat and power, which was higher than what it produces in 2017, 382 terawatt-hours (TWh).
  • In 2019, Fadhili gas-fired combined heat and power plant, a co-generation power plant, was completed in the Eastern Providence of the Kingdom near Fadhili (FGP), which is located 50km away from Jubail Industrial City in Saudi Arabia. The has an installed capacity of 1507 megawatts (MW). Saudi Aramco Power Holding Company and Saudi Electricity Company (SEC) hold 30% stake each in the project company, while ENGIE, which has been contracted to develop the plant on build, own, operate and transfer (BOOT) basis for 20 years.
  • Hence, owing to the above points, Saudi Arabia is expected to dominate the Middle-East and Africa combined heat and power market during the forecast period.

Competitive Landscape

The Middle-East and Africa combined heat and power market is moderately fragmented. Some of key players in this market include General Electric Company, Siemens AG, Samsung C&T Corp, ACWA POWER, and Doosan Corp.

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Table of Contents

1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5.1 Fuel Type
5.1.1 Natural Gas
5.1.2 Coal
5.1.3 Oil
5.1.4 Biomass
5.1.5 Others
5.2 Geography
5.2.1 Iran
5.2.2 Saudi Arabia
5.2.3 Egypt
5.2.4 South Africa
5.2.5 United Arab Emirates
5.2.6 Rest of the Middle-East and Africa
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Key Company Profiles
6.3.1 General Electric Company
6.3.2 Siemens AG
6.3.3 Samsung C&T Corp
6.3.4 Doosan Corp
6.3.5 Engie SA
6.3.6 ABB Ltd.
6.3.7 Saudi Electricity Company
6.3.8 Saudi Arabian Oil Co

Companies Mentioned

A selection of companies mentioned in this report includes:

  • General Electric Company
  • Siemens AG
  • Samsung C&T Corp
  • Doosan Corp
  • Engie SA
  • ABB Ltd.
  • Saudi Electricity Company
  • Saudi Arabian Oil Co