Kazakhstan Renewable Energy Market cover

Kazakhstan Renewable Energy Market by Types (Hydropower, Wind, Solar, and Others) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1787
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 194
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The Kazakhstan renewable energy market is expected to register a CAGR of around 3% during the forecast period, 2021-2028.The growth of the market is attributed to the increasing number of government initiatives to increase the share of renewable energy in the power generation mix. which is expected to drive the market studied.

Kazakhstan has adopted the “National Concept for Transition to a Green Economy up to 2050” that outlines the principles of the green economy for the sustainable future. The objective was to increase the share of renewable energy in electricity generation from zero to 3% by 2020, and then to raise it further to 30% by 2030 and 50% by 2050. Moreover, the country has a plan of reducing its carbon emissions by around 15-25% by 2030, compared with its 1990 level.

Kazakhstan Renewable Energy Market summary

Kazakhstan’s power sector relies heavily on fossil fuel, with 75% of the power plants powered by locally sourced coal. Rapid economic growth has led to the increase in the demand for electricity. However, the country has some constraint with its aging generation and transmission infrastructure dating back to the Soviet-era. The country has enormous renewable energy potential, particularly from wind and hydropower plants. Increasing wind capacity is expected to grow the investment to USD 276 million until 2021.

Market Drivers, Restraints, Trends, and Opportunities

  • Increasing investment in the wind energy industry and target to achieve one gigawatt (GW) by 2021 and 5 GW by 2030, the wind energy sector is expected to drive the Kazakhstan renewable market studied during the forecast period.
  • The absence of a uniform feed-in tariff mechanism for renewable energy and high financial cost associated with the installation of renewable power plants are expected to hinder the market growth.
  • The COVID-19 pandemic had plummeted the growth of the market owing to closedown of the manufacturing facilities. However, the market is expected to recover soon owing to gradual economy recovery due to declining cases of the virus.
  • Rising renewable share in electricity generation and reduction in carbon emission are expected to create an opportunity for the market growth in the projected timeline.

Scope of the Report

The report on the Kazakhstan 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

Kazakhstan renewable energy market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2020–2025

Segmentation

Types (Hydropower, Wind, Solar, and Other Types)

Geographic Zone

Kazakhstan

Report Coverage

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

Key Players Covered in the Report

Samruk-Energy JSC, Eni SpA, General Electric Company, Total Eren SA, and Andritz AG

Kazakhstan Renewable Energy Market Segment Insights

Wind segment to account a major market share

Based on types, the market is segregated into hydropower, wind, solar, and others. The wind segment is projected to account for a major market share and is expected to grow at a healthy growth rate during the forecast period. Increasing government investment is driving the growth of the market segment. For instance, in December 2019, the Asian Infrastructure Investment Bank (AIIB) approved a loan of USD 46.7 million loans for the construction and operation of a 100-megawatt  (MW) wind power plant in southern Kazakhstan, which upon completion would be the largest wind power plant in Central Asia. The project is estimated to generate nearly 319 GW hours of electricity.

Kazakhstan Renewable Energy Market types

The hydropower segment is expected to expand at a rapid pace during the forecasted period. Hydropower is a reliable, cost-effective, and sustainable natural energy source that requires kinetic energy of the flowing water to generate electricity. It is one of the cleanest forms of energy source, which has dominated the Kazakhstan renewable energy market, with an installed capacity of around 2.7 GW.

The solar segment is anticipated to exhibit a high CAGR during the forecast period. Declining cost of semiconductor in the global market and rapid industrialization in the country are expected to spur the growth of the market segment. Moreover, government incentives and low cost of the solar energy renewable system due to technological advancements are expected to drive the segment growth.

Segments

Segments Covered in the Report

Types

  • Hydropower
  • Wind
  • Solar
  • Others

Country

  • Kazakhstan

Key players

  • Samruk-Energy JSC
  • Eni SpA
  • General Electric Company
  • Total Eren SA
  • Andritz AG

Competitive Landscape

Kazakhstan's renewable energy market is highly consolidated. Some of the major players in the market studied are Samruk-Energy JSC, Eni SpA, General Electric Company, Total Eren SA, Andritz AG, KazHydro Operating LLP, and CATEK Green Energy LLP.
Major industry players are engaging in partnerships, acquisitions, and mergers to expand their market share.

Kazakhstan Renewable Energy Market keyplayers

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 Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Renewable Energy Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Renewable Energy Demand Share Forecast, 2019-2026
6. North America Renewable Energy Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Renewable Energy Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Renewable Energy Demand Share Forecast, 2019-2026
7. Latin 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Renewable Energy Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
  8.2. Europe Renewable Energy Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Renewable Energy Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Renewable Energy Market: Market Share Analysis
  11.2. Renewable Energy Distributors and Customers
  11.3. Renewable Energy Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Samruk-Energy JSC
     11.4.2. Eni SpA
     11.4.3. General Electric Company
     11.4.4. Total Eren SA
     11.4.5. Andritz AG

Segments Covered in the Report

Types

  • Hydropower
  • Wind
  • Solar
  • Others

Country

  • Kazakhstan

Key players

  • Samruk-Energy JSC
  • Eni SpA
  • General Electric Company
  • Total Eren SA
  • Andritz AG

Kazakhstan's renewable energy market is highly consolidated. Some of the major players in the market studied are Samruk-Energy JSC, Eni SpA, General Electric Company, Total Eren SA, Andritz AG, KazHydro Operating LLP, and CATEK Green Energy LLP.
Major industry players are engaging in partnerships, acquisitions, and mergers to expand their market share.

Kazakhstan Renewable Energy Market keyplayers

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