Press Release
Press Release
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
According to a new report by EMR titled, ‘Africa Renewable Energy Market Report and Forecast 2021-2026’, the Africa renewable energy market is likely to aid the global market, which reached a market size of 2455 gigawatts in 2020. The Africa renewable energy market is expected to grow at a CAGR of 6% between 2021 and 2026.
The Africa renewable energy market is one of the fastest growing markets owing to the rich sources, as well as installed capacities in countries like Ethiopia, Morocco, South Africa, and Egypt. South Africa is the leading country within the region. Africa is witnessing an increased demand for PV as South Africa and other African countries are becoming the manufacturing hubs of the PV (photovoltaic) modules, widely used for generating solar energy. The overall capacity of the region expanded by 15% in 2018.
Africa is a rich source for solar energy, hydropower, as well as bioenergy. The region is also looking forward to exploring more sources for wind energy in regions like Kenya, Morocco, and South Africa. In June 2020, Vestas (OTCMKTS: VWDRY), one of the leading companies in the global renewable market, was awarded a turnkey South African wind project. The project includes the supply, installation, as well as the commissioning of turbines. It must cover the scope of the civil and electrical works of the turbines.
The regional market has plenty of feedstock available for bioenergy, thus the potential for bioenergy development is good and can meet the increasing demand in the market. Within the region, Kenya is the only nation to have adopted geothermal generation owing to the favourable geographical location. Ethiopia is also a major market within Africa due to the abundance of renewable energy resources. The country is expected to witness rapid growth in the forecast period.
Market Analysis by Type and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major key players in the Africa renewable energy market include Goldwind, Sustainable Power Solutions, and Scatec ASA, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.