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Middle East and Africa Electric Distribution Utility Market Size

Report ID: GMI12727
Published Date: Dec 2024
Report Format: PDF

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Middle East & Africa Electric Distribution Utility Market Size

Middle East & Africa electric distribution utility market size was valued at USD 41 billion in 2024 and is estimated to grow at a CAGR of 7% from 2025 to 2034. Rising electricity demand and paradigm shift toward adoption of renewable energy sources, improved service reliability is complementing the industry landscape. Investments in resilient, efficient networks allow utilities to meet growing demand while reducing outages are reshaping the industry outlook.

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Collaborative efforts by authorities and financial institutions toward the enhancement of electricity infrastructure across remote areas will further augment the business dynamics. For instance, in April 2024, the World Bank Group and African Development Bank Group are collaborating with an aim to deliver electricity access to 300 million Africans by 2030. This ambitious project aims to connect 250 million people through the World Bank's efforts, utilizing renewable energy systems and grid expansion.

Middle East and Africa Electric Distribution Utility Market Report Attributes
Report Attribute	Details
Base Year:	2024
Middle East and Africa Electric Distribution Utility Market Size in 2024:	USD 41 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	7%
2034 Value Projection:	USD 81.4 Billion
Historical Data for:	2021 - 2024
No. of Pages:	90
Tables, Charts & Figures:	12
Segments covered:	Component, End Use, Voltage and Country
Growth Drivers:	Effectiveness for small offshore oil reserves Growing investment in deep and ultradeep oil reserve exploration Advancement in subsea technologies
Pitfalls & Challenges:	Securing contracts insurance and project finance

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The African Development Bank will focus on providing power access to the remaining 50 million individuals. This collaborative initiative represents a significant step towards improving energy infrastructure across the African continent.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market for electric distribution utility in Middle East & Africa reached was valued at USD 41 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by rising electricity demand and a shift toward renewable energy adoption.

The commercial segment is anticipated to grow at a CAGR of over 6.5% through 2034, driven by the development of commercial establishments and government regulations promoting energy-efficient units.

Saudi Arabia's market is forecasted to reach USD 16 billion by 2034, fueled by rising electricity demand, government support, and investments in renewable energy projects.

Key players in the market include Abaft, ABB, ACWA Power, alfanar, Eaton, Elsewedy Electric, Enel, Engie, Fuji Electric, GE Vernova, Hitachi Energy, Hyosung, HD Hyundai Electric, Iberdrola, Lucy, Mitsubishi Electric, Schneider Electric, and Siemens.