Home
Energy & Power
Renewable & Non-renewable Energy
Egypt Renewable Energy Market Size & Growth | Report 2031

Egypt Renewable Energy Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Types (Hydro Power, Wind, Solar, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031.

EP-763
4.6 Rating
150 Pages

Upcoming
78 Reviews

Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

Egypt Renewable Energy Market Outlook 2031

The Egypt renewable energy market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 8.09% during the forecast period 2023 - 2031. 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 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 August 2020, 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.

Egypt Renewable Energy 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 Egypt renewable energy 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 Egypt Renewable Energy Market 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	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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 Egypt renewable energy 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.

Segments

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

Competitive Landscape

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.

Table Of Content

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 (000â€™ 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

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By