| Product Code: ETC10164029 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Armenia`s power market import trend from 2020 to 2024 exhibited a notable Compound Annual Growth Rate (CAGR) of 54.94%. In 2023-2024 alone, the year-on-year growth rate was 8.72%, contributing to the overall increase in imports during the period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Power Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Power Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Power Market - Industry Life Cycle |
3.4 Armenia Power Market - Porter's Five Forces |
3.5 Armenia Power Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Armenia Power Market Revenues & Volume Share, By Energy Source, 2022 & 2032F |
3.7 Armenia Power Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Armenia Power Market Revenues & Volume Share, By Technology, 2022 & 2032F |
4 Armenia Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity due to economic growth and urbanization |
4.2.2 Government initiatives to boost renewable energy sources |
4.2.3 Investments in infrastructure development for power generation and distribution |
4.3 Market Restraints |
4.3.1 Aging power infrastructure leading to inefficiencies and outages |
4.3.2 Dependence on imported energy sources for meeting electricity demand |
4.3.3 Regulatory challenges and policy uncertainty impacting investment decisions |
5 Armenia Power Market Trends |
6 Armenia Power Market, By Types |
6.1 Armenia Power Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Power Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Armenia Power Market Revenues & Volume, By Renewable Power, 2022 - 2032F |
6.1.4 Armenia Power Market Revenues & Volume, By Non-Renewable Power, 2022 - 2032F |
6.1.5 Armenia Power Market Revenues & Volume, By Hybrid Power, 2022 - 2032F |
6.1.6 Armenia Power Market Revenues & Volume, By Utility Power, 2022 - 2032F |
6.1.7 Armenia Power Market Revenues & Volume, By Others, 2022 - 2032F |
6.2 Armenia Power Market, By Energy Source |
6.2.1 Overview and Analysis |
6.2.2 Armenia Power Market Revenues & Volume, By Solar, 2022 - 2032F |
6.2.3 Armenia Power Market Revenues & Volume, By Coal, 2022 - 2032F |
6.2.4 Armenia Power Market Revenues & Volume, By Hydro, 2022 - 2032F |
6.2.5 Armenia Power Market Revenues & Volume, By Wind, 2022 - 2032F |
6.2.6 Armenia Power Market Revenues & Volume, By Nuclear, 2022 - 2032F |
6.3 Armenia Power Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Armenia Power Market Revenues & Volume, By Residential, 2022 - 2032F |
6.3.3 Armenia Power Market Revenues & Volume, By Industrial, 2022 - 2032F |
6.3.4 Armenia Power Market Revenues & Volume, By Commercial, 2022 - 2032F |
6.3.5 Armenia Power Market Revenues & Volume, By Utility, 2022 - 2032F |
6.3.6 Armenia Power Market Revenues & Volume, By Off-grid, 2022 - 2032F |
6.4 Armenia Power Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Armenia Power Market Revenues & Volume, By Distributed Generation, 2022 - 2032F |
6.4.3 Armenia Power Market Revenues & Volume, By Smart Grid, 2022 - 2032F |
6.4.4 Armenia Power Market Revenues & Volume, By Microgrid, 2022 - 2032F |
6.4.5 Armenia Power Market Revenues & Volume, By Demand Response, 2022 - 2032F |
6.4.6 Armenia Power Market Revenues & Volume, By Energy Storage, 2022 - 2032F |
7 Armenia Power Market Import-Export Trade Statistics |
7.1 Armenia Power Market Export to Major Countries |
7.2 Armenia Power Market Imports from Major Countries |
8 Armenia Power Market Key Performance Indicators |
8.1 Renewable energy capacity additions |
8.2 Average electricity tariff rates |
8.3 Investment in transmission and distribution infrastructure |
8.4 Energy efficiency improvements |
8.5 Percentage of electricity generated from local renewable sources |
9 Armenia Power Market - Opportunity Assessment |
9.1 Armenia Power Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Armenia Power Market Opportunity Assessment, By Energy Source, 2022 & 2032F |
9.3 Armenia Power Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Armenia Power Market Opportunity Assessment, By Technology, 2022 & 2032F |
10 Armenia Power Market - Competitive Landscape |
10.1 Armenia Power Market Revenue Share, By Companies, 2025 |
10.2 Armenia Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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