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Africa Renewable Energy Market: By Type: Hydropower, Wind, Solar, Bioenergy, Solid Biofuels, Bagasse, Geothermal; By Country: South Africa, Egypt, Ethiopia, Kenya, Others; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Africa Renewable Energy Tariff Rates; Competitive Landscape & Supplier Analysis; Events and Developments

Africa Renewable Energy Market Key Insights:

 

  • Types: Hydropower, Wind, Solar, Bioenergy, Solid Biofuels, Bagasse, and Geothermal
  • Market Analysis and Outlook 2020-2025
  • SWOT Analysis
  • Market Performance
  • Breakup by Region
  • Demand Indicator
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global renewable energy market reached an installation capacity of nearly 2455 gigawatts in 2019. The global market is likely to be aided by the Africa renewable energy market, which is one of the fastest-growing markets in the industry. The Africa renewable energy market is expected to grow at a CAGR of over 6% in the forecast period of 2020-2025.

Africa is expected to have faster and higher growth of photovoltaics in the coming years as it is the production hub for the photovoltaic modules. The leading countries in terms of the largest installed capacity are South Africa, Ethiopia, Morocco, and Egypt. In 2018, the capacity addition in the region grew by more than 15%. The African region is led by South Africa as the country with the largest capacity installed for hydropower, solar, and wind energy.

Hydropower accounts for the largest share in terms of contribution, accounting for 68% of the regional market. Hydropower is the leading type of energy in the region since most of the countries have efficient hydro energy plants installed for the same, leading to a high growth potential of the resource. The region also enjoys abundant sunlight, which results in increased solar power. The solar power generation can go up to 1100 gigawatts in the region. The investments made for solar energy are higher than those made on hydropower, despite the potential of the latter. The solar capacity in the region witnessed a growth of more than 50% in the recent years. The potential for wind energy is also being explored in the region with large scale wind plants being constructed in Kenya, South Africa, and Morocco. Africa also has good potential for bioenergy owing to the readily available feedstock.

Kenya, a major country within the region, is the only country to adopt geothermal generation due to its geographical location, which provides favourable conditions to develop geothermal energy. Ethiopia is also a major country for the renewable energy market due to its surplus resources. The country has the potential to produce nearly 60,000 megawatts of energy from wind, solar, geothermal, and hydroelectric sources. The market in Ethiopia is likely to increase at a CAGR of almost 20% in the forecast period of 2020-2025. Hydropower accounts for almost 80% of the total renewable energy technology in the country.

Properties and Applications

Renewable energy is the energy that is generated from sustainable resources, which are naturally replenished on a human scale, like sunlight, wind, tides, rain, waves, and geothermal heat. It helps to provide energy in four key areas: electricity production, water, air heating or cooling, transport, and rural (off-grid) energy services.

On the basis of types, the industry can be divided into:

  • Hydropower
  • Wind
  • Solar
  • Bioenergy
  • Solid Biofuels
  • Bagasse
  • Geothermal

Based on the fuel source, the regional markets can be segmented into the following:

  • Natural Gas
  • Coal
  • Nuclear
  • Renewables
  • Others

The EMR report also covers regional markets like South Africa, Egypt, Ethiopia, and Kenya, among others.

Market Analysis

The Africa renewable energy market is being driven by the social as well as economic development in the region. The economy of the region is rising with the ongoing developments, which is providing further impetus to the industry growth. The region had low penetration of electricity, and with the help of alternative power sources, the region can overcome these problems. Africa has a high availability of resources, especially hydropower and solar energy. The region also has a lot of potential sources for the generation of power from alternative and sustainable sources. The exploration of these new resources also owes to the increased awareness among the population to find long-term solutions to save energy as well as minimise environmental damage to the environment.

Within the African region, biomass is explicitly used in both domestic as well as the public sphere, driving the demand further. Nigeria accounts for more than 95% of the biomass demand to meet the household demands. The growing need for electricity in the region is also providing further impetus to the industry growth.

Competitive Landscape

The report gives a detailed analysis of the following key players in the Africa renewable energy market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Scatec Solar 
  • Goldwind 
  • Solar-Saver 
  • Off Grid Technologies 
  • Windflow Technology Ltd
  • Sustainable Power Solutions (Pty) Ltd 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s Five Forces model, along with giving a SWOT analysis.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Renewable Energy Market Analysis
    6.1    Figure: Global Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Breakup by Region
        6.2.1    North America
        6.2.2    Europe
        6.2.3    Asia Pacific
        6.2.4    Latin America
        6.2.5    Middle East and Africa
7    Africa Renewable Energy Market Analysis
    7.1    Figure: Africa Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
    7.2    Chart: Breakup by Type
        7.2.1    Hydropower
        7.2.2    Wind
        7.2.3    Solar
        7.2.4    Bioenergy
        7.2.5    Solid Biofuels
        7.2.6    Bagasse
        7.2.7    Geothermal 
    7.3    Chart: Breakup by Country
        7.3.1    South Africa
        7.3.2    Egypt
        7.3.3    Ethiopia
        7.3.4    Kenya
        7.3.5    Others
    7.4    South Africa Renewable Energy Market Analysis
        7.4.1    Figure: South Africa Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.4.2    Chart: Breakup by Type
            7.4.2.1    Hydropower
            7.4.2.2    Wind
            7.4.2.3    Solar
            7.4.2.4    Bio Energy
            7.4.2.5    Solid Biofuels 
        7.4.3    Chart: Electricity Generation by Fuel Source
            7.4.3.1    Natural Gas
            7.4.3.2    Coal
            7.4.3.3    Nuclear
            7.4.3.4    Renewables
            7.4.3.5    Others
    7.5    Egypt Renewable Energy Market Analysis
        7.5.1    Figure: Egypt Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.5.2    Chart: Breakup by Type
            7.5.2.1    Hydropower
            7.5.2.2    Wind
            7.5.2.3    Solar
            7.5.2.4    Bio Energy
            7.5.2.5    Solid Biofuels 
        7.5.3    Chart: Electricity Generation by Fuel Source
            7.5.3.1    Natural Gas
            7.5.3.2    Coal
            7.5.3.3    Nuclear
            7.5.3.4    Renewables
            7.5.3.5    Others
    7.6    Ethiopia Renewable Energy Market Analysis
        7.6.1    Figure: Ethiopia Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.6.2    Chart: Breakup by Type
            7.6.2.1    Hydropower
            7.6.2.2    Wind
            7.6.2.3    Solar
            7.6.2.4    Bio Energy
            7.6.2.5    Others
        7.6.3    Chart: Electricity Generation by Fuel Source
            7.6.3.1    Natural Gas
            7.6.3.2    Coal
            7.6.3.3    Nuclear
            7.6.3.4    Renewables
            7.6.3.5    Others
    7.7    Kenya Renewable Energy Market Analysis
        7.7.1    Figure: Kenya Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.7.2    Chart: Breakup by Type
            7.7.2.1    Hydropower
            7.7.2.2    Wind
            7.7.2.3    Solar
            7.7.2.4    Bio Energy
            7.7.2.5    Others
        7.7.3    Chart: Electricity Generation by Fuel Source
            7.7.3.1    Natural Gas
            7.7.3.2    Coal
            7.7.3.3    Nuclear
            7.7.3.4    Renewables
            7.7.3.5    Others
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Value Chain Analysis
10    Porter’s Five Forces Analysis

    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Africa Renewable Energy Tariff Rates
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price
14    Competitive Landscape & Supplier Analysis

    14.1    Scatec Solar 
        14.1.1    Company Overview
        14.1.2    Financial Analysis
    14.2    Goldwind 
        14.2.1    Company Overview
        14.2.2    Financial Analysis
    14.3    Solar-Saver 
        14.3.1    Company Overview
        14.3.2    Financial Analysis
    14.4    Off Grid Technologies 
        14.4.1    Company Overview
        14.4.2    Financial Analysis
    14.5    Windflow Technology Ltd
        14.5.1    Company Overview
        14.5.2    Financial Analysis
    14.6    Sustainable Power Solutions (Pty) Ltd 
        14.6.1    Company Overview
        14.6.2    Financial Analysis
    14.7    Others
15    Events and Developments

The global renewable energy market attained a installation capacity of around 2455 gigawatts in 2019. The industry in Africa is expected to aid the global market growth. The industry in Africa is expected to witness a growth in the forecast period of 2020-2025, growing at a CAGR of over 6%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into, the market can be divided into hydropower, wind, solar, bioenergy, solid biofuels, bagasse, and geothermal, with hydropower accounting for 68% of the market share. South Africa, Egypt, Ethiopia, and Kenya are the major regions in the industry, with South Africa being the largest market. The major players in the above industry include Scatec Solar, Goldwind, Solar-Saver, Off Grid Technologies, Windflow Technology Ltd, and Sustainable Power Solutions (Pty) Ltd, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, low penetration of electricity, and abundant natural resources are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the Africa renewable energy market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the industry for 2020-2025?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the Africa renewable energy market?
  • Who are the key players in the industry in Africa?
  • What is the degree of competition in the industry in Africa?

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