Research and Markets: GCC Power and Water Desalination Industry Overview 2013: Installed Capacity Likely To Reach 170,000 Mega Watts (MW) By 2019
Research and Markets (http://www.researchandmarkets.com/research/gcl2jb/gcc_power_and) has announced the addition of the "GCC Power and Water Desalination Industry Overview March 2013" report to their offering.
Investments across the power sector are estimated at US$ 63 billion over the next five years. Though power capacity across the GCC operates with a clear margin of 19 percent, primarily owing to the surplus offered by Qatar and Abu Dhabi of the UAE, that supply to the common GCC interconnection grid and with a number of power projects completed across the region in anticipation of growing demand beginning operation since 2011, power capacity across the region nearly doubled from 53,823MW in 2002 to 112,722MW in 2011 at a Compound Annual Growth Rate (CAGR) of 9 percent though demand continues to grow at an average rate of 8 percent across the GCC, requiring greater and faster capacity additions over the future.
As the largest consumer of water in the world, GCC is also the largest producer of desalinated water globally. Of the total global desalination capacity, UAE contributes 35 percent, Saudi Arabia 34 percent, Kuwait 14 percent, Qatar 8 percent, Bahrain 5 percent and Oman 4 percent. Similar to power, demand for water is growing at accelerated pace and low tariffs have been encouraging wastage and extensive use. Consequently, the countries are expected to invest close to US$ 100 billion over the next five years to combat the serious problem of water shortage. Water desalination capacities increased from 3000 million cubic meters per year in 2000 to 5000 million cubic metres per year by 2012 and likely to grow by another 1800 million cubic metres per year in 2013 and with continuing steady investments in Integrated Power and Water Projects (IWPPs) and desalination plants across the region, capacities are likely to reach 9000 cubic meters per year by 2030.
Construction contracts worth close to US$ 25 billion were awarded across the GCC power and water desalination industry in 2012 and likely to grow to US$ 30 billion in 2013.
For more information visit http://www.researchandmarkets.com/research/gcl2jb/gcc_power_and
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