Qatar Power Market Size, Share, Trends and Forecast by Generation Source and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A43166

Qatar Power Market Overview:

The Qatar power market size reached USD 2,156.17 Million in 2024. The market is projected to reach USD 4,430.19 Million by 2033, exhibiting a growth rate (CAGR) of 8.33% during 2025-2033. The market is driven by Qatar's ambitious renewable energy transition with massive solar power expansion projects, comprehensive power infrastructure modernization and grid enhancement programs led by KAHRAMAA, and rapidly growing energy demand necessitating large-scale power generation investments. Additionally, the government's commitment to achieving renewable energy in the power mix and significant infrastructure spending is expanding the Qatar power market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2,156.17 Million
Market Forecast in 2033	USD 4,430.19 Million
Market Growth Rate 2025-2033	8.33%

Qatar Power Market Trends:

Renewable Energy Transformation and Solar Power Growth

Qatar is witnessing a revolutionary transformation towards renewable energy with record solar power capacity growth leading market development. The nation has witnessed incredible milestones with prominent solar projects, such as the 800 MW operational Al Kharsaah solar power plant, one of the biggest solar complexes in the Middle East and contributing around 10% of Qatar's peak power demand. The solar capacity of Qatar had grown to 875 MW by 2025 with Al Kharsaah project adding 800 MW and other projects adding the total renewable capacity of 1,675 MW combined with Ras Laffan and Mesaieed solar power plants. The Qatar National Renewable Energy Strategy (QNRES) of the government aims at 4 GW of utility-scale renewable power capacity by 2030 with a major emphasis on solar power, which will radically transform the energy sector and minimize reliance on traditional thermal power generation. This strategic shift towards renewable energy is congruent with Qatar's goal of lowering greenhouse gas emissions by 25% by 2030 and makes Qatar a regional pioneer in embracing clean energy.

Power Grid Upgradation and Grid Reinforcement

The Qatar power industry is experiencing across-the-board infrastructure upgradation with heavy investments in distribution and transmission infrastructure to meet expanding energy needs and integrate renewable energy. KAHRAMAA, the national water and electricity corporation, is spearheading this effort through strategic expansion programs of infrastructure that reinforce grid stability and operational performance. KAHRAMAA contracted 3.1 billion Qatari riyals of work in May 2025 to expand power infrastructure, including building seven high-voltage substations and 212 kilometers of underground cable and overhead lines. These infrastructure investments are critical in supporting the accommodation of renewable energy integration, handling grid intermittency issues, and providing assured power supply toward Qatar's National Vision 2030 goals for energy security and sustainable development.

Increasing Energy Demand and Large Power Projects

The Qatar power market growth is supported by the rising population, industrialization, and rising energy demand in the residential, commercial, and industrial sectors. The growth of the Qatar power market is driven by long-term economic growth and urban developments requiring substantial growth of power generation capacity. Electricity consumption in Qatar increased at a rate of 6.5% per year since 2020, reaching 56 TWh in 2024, due to rising air conditioning loads and water desalination industry growth. The residential and industrial sectors consume significant amount of electricity, showing differentiated energy demand trends throughout the economy. To meet this increased need, large power generation projects are on the drawing board. Such massive investments reflect the government's determination to ensure energy security while promoting economic diversification and industrial development under the Third National Development Strategy 2024-2030.

Qatar Power Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on generation source.

Generation Source Insights:

Thermal
Hydro
Renewable
Others

The report has provided a detailed breakup and analysis of the market based on the generation source. This includes thermal, hydro, renewable, and others.

Regional Insights:

Ad Dawhah
Al Rayyan
Al Wakrah
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ad Dawhah, Al Rayyan, Al Wakrah, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Qatar Power Market News:

May 2025: Qatar General Electricity and Water Corporation ‘Kahramaa’ entered into a strategic agreement with QatarEnergy, Qatar Electricity & Water Company Q.P.S.C, and Sumitomo Corporation (acting on behalf of a consortium with Luluah Sky Energy Holding Ltd) to enhance the nation's electricity and water output by developing the Ras Abu Fontas Power & Water Facility, which can produce 2400 Megawatts (MW) and 110 million gallons per day (MGD). The contract also specifies the acquisition of electricity and water from the facility.
November 2024: A consortium headed by Japan's Sumitomo Corporation, along with Shikoku Electric Power Co., Korea Southern Power Co. (KOSPO), and Korea Overseas Infrastructure & Urban Development Corporation (KIND), has finalized a significant agreement with Qatar General Electricity and Water Corporation (Kahramaa) for the Facility E Independent Water and Power Project (IWPP).

Qatar Power Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Generation Source Region
Generation Sources Covered	Thermal, Hydro, Renewable, Others
Regions Covered	Ad Dawhah, Al Rayyan, Al Wakrah, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Qatar power market performed so far and how will it perform in the coming years?
What is the breakup of the Qatar power market on the basis of generation source?
What is the breakup of the Qatar power market on the basis of region?
What are the various stages in the value chain of the Qatar power market?
What are the key driving factors and challenges in the Qatar power market?
What is the structure of the Qatar power market and who are the key players?
What is the degree of competition in the Qatar power market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Qatar power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Qatar power market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Qatar power industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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