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GCC Renewable Energy Sector Opportunity Analysis

06-30-2017 07:20 AM CET | Energy & Environment

Press release from: Kuick Resarch

The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of energy present in the region.

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 GCC countries to diversify and look at renewable sources of energy for power and water production.

https://www.kuickresearch.com/report-GCC-Renewable-Energy-Sector-Opportunity-Analysis.php

Saudi Arabia, UAE, Kuwait and Oman have each declared their plans to produce at least 10% of electricity from renewable sources of energy by 2020 and are leaving no stone unturned to secure their future with renewable sources of energy, the report implies.

The 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 GCC region with the latest developments.

For Report Sample Contact: neeraj@kuickresearch.com or

visit: https://www.kuickresearch.com

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Kuick Research is a market research and analytics company that provides targeted information for critical decisions at business, product and service levels. We are quick, predictive and known by the recommendations we have made in the past. Our result-oriented research methodology offers understanding of multiple issues in a short period of time and gives us the capability to keep you full with loads of practical ideas. By translating research answers into strategic insight and direction, we not only rate the success potential of your products and/or services, but also help you identify the opportunities for growth in new demographies and find ways to beat competition.C

Neeraj Chawla
neeraj@kuickresearch.com
KuicK Research
Avanta Business Center 4th Floor,
Statesman House Barakhamba Road,
Connaught Place New Delhi – 110 001, India
+91-11-47067990

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