Who are the key players in Egypt Renewable Energy Market?

Vestas Wind Systems A/S, Scatec Solar ASA, SkyPower Ltd, New & Renewable Energy Authority and Siemens Gamesa Renewable Energy, S.A., are the major companies operating in the Egypt Renewable Energy Market. Read More

What years does this Egypt Renewable Energy Market cover, and what was the market size in 2023?

In 2023, the Egypt Renewable Energy Market size was estimated at 12.20 gigawatt. The report covers the Egypt Renewable Energy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Renewable Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the opportunities in the Egypt Solar Energy Market?

The opportunities in the Egypt Solar Energy Market are a) Large-scale solar projects, Solar-powered desalination, and rural electrification b) Expanding solar capacity through large-scale projects and addressing water scarcity with solar desalination Read More

Egypt Renewable Energy Market Size

Market Size of Egypt Renewable Energy Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Volume (2024)	13.23 gigawatt
Market Volume (2029)	19.23 gigawatt
CAGR (2024 - 2029)	7.80 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Egypt Renewable Energy Market Analysis

The Egypt Renewable Energy Market size is estimated at 13.23 gigawatt in 2024, and is expected to reach 19.23 gigawatt by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

In the medium period, factors such as supportive government regulations and increasing demand for solar energy are expected to drive the Egyptian renewable energy market during the study period.
The slow pace of energy infrastructure development, restricted land, and limited power capacity by variable renewable energy sources are expected to hinder the market's growth during the study period.
Nevertheless, the ambitious renewable energy targets are likely to create immense opportunities for the Egyptian renewable energy market during the forecast period.

Egypt Renewable Energy Industry Segmentation

Renewable energy is the energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished.

The Egyptian renewable energy market is segmented by type. By type, the market is segmented into hydropower, solar, wind, and other types. For each segment, the market sizing and forecasts were made based on installed capacity (GW).

Type
		Hydro Power
		Solar
		Wind
		Other Types

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Egypt Renewable Energy Market Size Summary

The renewable energy sector in Egypt is poised for significant growth, driven by supportive government policies and a burgeoning demand for solar energy. The country's strategic location as a sunbelt nation offers substantial potential for solar photovoltaic (PV) plants, with abundant solar radiation and extended sunshine hours. Egypt's commitment to its 2035 Integrated Sustainable Energy Strategy underscores its ambition to enhance solar power capacity significantly. The Benban Solar Park project exemplifies Egypt's progress towards its renewable energy goals, contributing to the country's aim of generating a substantial portion of its electricity from renewable sources. Despite challenges such as slow infrastructure development and limited land availability, the government's ambitious targets and international investments are expected to create substantial opportunities in the renewable energy market.

Egypt's renewable energy market is characterized by a semi-fragmented landscape with key players like Vestas Wind Systems, Siemens Gamesa Renewable Energy, and Scatec Solar. The government's National Renewable Energy Strategy aims to increase the share of renewables in the national energy mix, with a focus on solar and wind energy. Policies such as feed-in tariffs and auction-based processes for large-scale projects are designed to attract private investment and foreign direct investment. Collaborative efforts, such as the Egyptian-German Joint Committee on Renewable Energy, further support sustainable energy production and efficiency. With ongoing projects and strategic partnerships, Egypt is on track to become a leading renewable energy market in Africa, with plans to double its renewable energy capacity by 2035.

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Egypt Renewable Energy Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Renewable Energy Installed Capacity and Forecast in GW, till 2029
3. 1.3 Recent Trends and Developments
4. 1.4 Government Policies and Regulations
5. 1.5 Market Dynamics
  1. 1.5.1 Drivers
    1. 1.5.1.1 Supportive Government Regulations
    2. 1.5.1.2 Growing Demand for Solar Energy
  2. 1.5.2 Restraints
    1. 1.5.2.1 The Slow Pace of Energy Infrastructure Development and Restricted Land
6. 1.6 Supply Chain Analysis
7. 1.7 PESTLE Analysis
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Hydro Power
  2. 2.1.2 Solar
  3. 2.1.3 Wind
  4. 2.1.4 Other Types