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Middle East & Africa Fossil Fuel New Energy Generation Market Share
Major companies including Engie, Eskom, ADNOC, Saudi Aramco, RWE and Total Energies operating across the fossil fuel-new energy industry are actively pursuing strategic alliances, collaborative ventures, and research initiatives. These efforts are primarily focused on developing and implementing innovative, low-carbon technologies for power generation from fossil fuels, with an aim to strengthen their market position and maintain a competitive advantage in the evolving energy landscape.
Middle East & Africa Fossil Fuel New Energy Generation Market Companies
Major players operating in the industry are:
- ADNOC
- Arcelormittal
- Atkins Realis
- Edra Power Holdings
- Engie
- Eskom Holdings
- Iberdrola
- Mitsubishi Heavy Industries
- Oman Oil Company
- Qatar Petroleum
- RWE
- Saudi Aramco
- Sonatrach
- TotalEnergies
- Uniper
Who are the major players in the Middle East & Africa fossil fuel new energy generation market?
Key players include ADNOC, Arcelormittal, Atkins Realis, Edra Power Holdings, Engie, Eskom Holdings, Iberdrola, Mitsubishi Heavy Industries, Oman Oil Company, Qatar Petroleum, RWE, Saudi Aramco, Sonatrach, TotalEnergies, and Uniper.
What is the size of Saudi Arabia's fossil fuel new energy generation market?
Saudi Arabia's fossil fuel new energy generation market is anticipated to exceed USD 9.5 billion by 2034, led by the expansion of power generation facilities and a growing industrial and commercial sector.
What is the growth outlook for the gas segment in this market?
The gas segment is expected to surpass USD 80 billion by 2034, supported by abundant reserves, ongoing gas exploration, and its role in providing cost-effective electricity while enhancing energy security.
How big is the Middle East & Africa fossil fuel new energy generation market?
The Middle East & Africa fossil fuel new energy generation market was reached USD 24.6 billion in 2024 and is projected to grow at a 19.5% CAGR from 2025 to 2034, driven by increasing energy demand across multiple sectors.