Egypt Renewable Energy Market

Egypt Renewable Energy Market by Types (Hydro Power, Wind, Solar, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028.

  • Report ID: EP-763
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 150
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The Egypt renewable energy market is expected to expand at a CAGR of 12% during the forecast period, 2021-2028. The growth of the market is attributed to implementation of government policies to decrease dependency on fossils and carbon footprints. Furthermore, increasing demand for power in the country is driving the market growth.

Egypt Renewable Energy Market Key Takeaways

Egypt hosts sunny weather and experiences high wind speeds, making it a prime location for renewable energy projects. The Government of Egypt is striving to fulfill the energy demand by using non-renewable sources and renewable sources. Renewables is anticipated to account for 22% of Egypt’s total final energy supply output by 2030.

Egypt intends to increase the supply of electricity generated from renewable sources to 20% by 2022 and 42% by 2035, while the wind energy providing 14 percent, hydropower energy 2 percent, and solar energy 25 percent by 2035. The private sector is expected to deliver most of this capacity. The Benban Solar Park in Egypt is powered by 7.2 million photovoltaic solar panels, which has a massive potential of 1800 MW.

In August2020, the Minister of Electricity and Renewable Energy Mohamed Shaker, said that large number of renewable projects are expected to be announced by end of 2020. He added that the country is partnering with European-based partners to finance the projects.

Market Drivers, Restraints, Trends, and Opportunities

  • Declining costs of renewable technologies owing to technological advancement, which is becoming more competitive with fossil fuel prices, is expected to drive the market growth.
  • Slow pace development of large-scale projects and limited land and power capacity of variable renewable energy sources, can restrain the growth of renewable energy market.
  • The COVID-19 pandemic persuaded government bodies to impose restrictions on the manufacturing facilities. This, in turn, disrupted the supply chain activities and negatively impacted the production of components of renewable energy systems. However, the market is expected to recover soon owing to declining COVID-19 cases in most of the countries.
  • Increasing number of wind and solar plants in the east and west Nile is expected to create opportunities in the coming years.
  • Growing awareness about renewable energy benefits and presence of low-cost renewable energy systems are anticipated to proliferate the growth of the renewable energy industry in the country.

Scope of the Report

The report on Egypt renewable energy market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Renewable Energy Market - Egypt Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2026

Segmentation

Types (Hydro Power, Wind, Solar, and Others)

Country

Egypt

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Scatec Solar ASA, SkyPower Ltd, and New & Renewable Energy Authority


Egypt Renewable Energy Market Segment Insights

Wind segment to grow at a rate
Based on types, the market is segregated into hydro power, wind, solar, and others. The wind segment is projected to grow at a rapid rate owing to the upcoming projects and large-scale investments in the wind energy sector under various policies and strategies. Government bodies in Egypt is planning to install 18000 MW of wind energy by 2035.

In November 2019, the opening of the Ras Ghareb Wind Farm project with a capacity of 262.5 MW resulted in a giant leap toward achieving the country’s goal of 7 GW of wind energy by 2022.The project West Bakr wind farm with a capacity of 250 MW is expected to be operational in 2021. The plant is expected to generate 1000 GWh of clean energy that can supply power to 350,000 houses.

Investments of international companies like Vestas, Siemens Gamesa, Toyota Tsusho, and others have helped in bringing down the cost of renewables in Egypt, significantly creating a more developing and competitive market.

 Egypt Renewable Energy Market By Types

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Renewable Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Renewable Energy Market - Supply Chain
  4.5. Global Renewable Energy Market Forecast
     4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Renewable Energy Market Size and Volume Forecast by Types
     5.3.1. Hydro Power
     5.3.2. Wind
     5.3.3. Solar
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Renewable Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North America Renewable Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Renewable Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Renewable Energy Market Size and Volume Forecast by Types
     7.4.1. Hydro Power
     7.4.2. Wind
     7.4.3. Solar
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin America Renewable Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
     8.4.1. Hydro Power
     8.4.2. Wind
     8.4.3. Solar
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe Renewable Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
     9.4.1. Hydro Power
     9.4.2. Wind
     9.4.3. Solar
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Renewable Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
     10.4.1. Hydro Power
     10.4.2. Wind
     10.4.3. Solar
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Renewable Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
     11.4.1. Hydro Power
     11.4.2. Wind
     11.4.3. Solar
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Renewable Energy Market: Market Share Analysis
  12.2. Renewable Energy Distributors and Customers
  12.3. Renewable Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Vestas Wind Systems A/S
     12.4.2. Siemens Gamesa Renewable Energy SA
     12.4.3. Scatec Solar ASA
     12.4.4. SkyPower Ltd
     12.4.5. New & Renewable Energy Authority
Segments Covered in the Report
The Egypt renewable energy market has been segmented on the basis of

Types
  • Hydro Power
  • Wind
  • Solar
  • Others
Key players
  • Vestas Wind Systems A/S
  • Siemens Gamesa Renewable Energy SA
  • Scatec Solar ASA
  • SkyPower Ltd
  • New & Renewable Energy Authority

Egypt renewable energy market is partially fragmented. Some of the major players in the market are Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Scatec Solar ASA, SkyPower Ltd, and New & Renewable Energy Authority.

Companies are focusing on engaging in business strategies such as partnerships with state government bodies to expand their market share. Moreover, major industry players are looking to acquire emerging players to stronghold their market position.

Egypt Renewable Energy Market By Key Players 

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