Market Size of Botswana Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 20.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Botswana Renewable Energy Market Analysis
The Botswana renewable energy market is expected to rise at a CAGR of more than 20% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.
- Over the medium term, factors such as supportive government policies and increasing adoption of renewable energy with the declining price of solar panels and wind turbine installations are expected to drive the market in the forecast period.
- On the other hand, the rising adoption of alternate clean power sources, such as gas-fired power plants and nuclear energy projects, is likely to restrain the market growth.
- Nevertheless, the technological advancements in solar PV manufacturing and government policies toward a greener environment will create opportunities for the market in the future.
