Middle East and Africa Offshore Platform Electrification Market Size - By Technology, Analysis, Share, Growth Forecast, 2025 - 2034

Middle East & Africa Offshore Platform Electrification Market Size

The Middle East & Africa offshore platform electrification market was valued at USD 112.1 million in 2024 and is estimated to grow at a CAGR of -27.7% from 2025 to 2034. Continuous technological progress in renewable energy systems including floating solar installations, wind turbines at sea, and energy storage units along with ongoing integration of renewables have complemented the industry landscape. Increased adoption of dependable and economical technologies has driven by the need for consistent power distribution systems further augmenting the business outlook.
 

Paradigm shift toward environmentally sustainable energy alternatives, which impacts offshore oil and gas operations together with inclination to enhance power infrastructure while addressing the industry's evolving requirements for cleaner energy solutions will impact the industry dynamics. For instance, in January 2024, ADNOC and TAQA initiated a USD 3.8 billion offshore decarbonization project in January 2024. The project features Prysmian Group's subsea HVDC transmission system linking ADNOC's offshore operations to Abu Dhabi's power network. Set to start commercial operations in 2025, the project aims to cut carbon emissions by half.
 

Middle East & Africa Offshore Platform Electrification Market Trends

The Middle East and Africa offshore platform electrification industry is set to grow owing to ongoing transition toward sustainable energy solutions along with rising energy demand from various sectors. Regional government authorities have implemented stringent emission regulations and committed to international climate agreements, further shaping the industry landscape. Ongoing upgrades to electrical infrastructure, enhanced power transmission networks, and distribution systems will complement the business outlook. Additionally, targeted electrification programs across nations and operators work to reduce their environmental impact while maintaining operational efficiency will contribute to the industry growth.
 

Middle East & Africa Offshore Platform Electrification Market Analysis

The turbine segment is anticipated to cross over USD 200 million by 2034. Continuous technological advancements in turbine systems, which include larger units with higher capacities and improved efficiency will augment the product deployment. Favorable government policies and regulatory frameworks, along with focus on reducing carbon emissions and transitioning to sustainable energy sources will further augment the business outlook.
 

Underground cable segment is anticipated to grow owing to rising demand for subsea power transmission systems along with increasing renewable and oil & gas projects across the region Technological progress in HVDC cable and submarine cable networks, along with improvements in long-distance power transmission and offshore platform electrification across the region is complementing the industry outlook.
 

Saudi Arabia offshore platform electrification market is likely to exceed USD 17.5 million by 2034. Significant government and private investments, along with increased focus on electrification of offshore platforms will augment the business outlook. Advancements in subsea power transmission networks, particularly in HVDC cable technology and innovative cable designs is complementing the industry landscape.
 

Improved offshore platform capabilities coupled with implementation of advanced power transmission systems to enhance connectivity and power distribution across offshore installations, contributing to the industry growth. Moreover, favorable initiatives by authorities coupled with renewable energy targets implemented by governments and introduction of regulatory mandates with beneficial financial policies for deployment of renewables, will positively influence the business dynamics.
 

Middle East & Africa Offshore Platform Electrification Market Share

Companies operating in the Middle East and Africa offshore platform electrification industry are aiming to enhance technical capabilities, diverse product offerings, and international operations. They focus on research and development activities to improve cable performance and durability. These companies establish strategic partnerships and contracts with utility providers and renewable energy developers to strengthen their market position.
 

Middle East & Africa Offshore Platform Electrification Market Companies

Major players operating across the industry include:

• ABB
• ADNOC
• Aker Solutions
• BP
• Equinor
• GE Vernova
• Havfram
• LS Cable
• Nexans
• NKT
• Prysmian
• SLB
• Siemens Energy
• Southwire
• ZTT
   

Middle East & Africa Offshore Platform Electrification Industry News

• In November 2024, The UAE launched a major offshore power project to reduce carbon emissions from ADNOC's operations. This project links Al Mirfa's onshore facilities to the Al Ghallan artificial island in the Zakum Cluster through the Middle East's first HVDC subsea transmission system. The Abu Dhabi Offshore Power Transmission Company Limited oversees the project, with ADNOC and TAQA each controlling 30% and an international consortium holding 40%. This initiative supports the UAE's goal of achieving net-zero emissions by 2050.
   
• In October 2024, The Zuluf oil field expansion project in Saudi Arabia marked progress as ZTT Submarine Cable & System shipped crucial submarine cables from China. Located 240 kilometers north of Dhahran in the Arabian Gulf, the project aims to boost production from 800,000 bpd to 1.4 million bpd. The expansion includes a new gas oil separation plant and subsea infrastructure. The 230 kV submarine cable shipment from Nantong on October 17 represents a key milestone in the development.
   

This Middle East & Africa offshore platform electrification market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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Market, By Technology

• Offshore Wind
• Underground Cable
• Turbine

The above information has been provided for the following countries:

• Saudi Arabia
• UAE
• Qatar
• Oman