Market Size of Gabon Power Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gabon Power Market Analysis
The Gabon power market is expected to register a CAGR of more than 3.4% during the forecast period.
The Gabon power market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. The country's power sector is expected to be driven by the investment of foreign players for the construction of new power plants during the forecast period. However, Gabon also has a large share of electricity being generated through fossil fuels. With the declining production of oil and gas, the country may increase its import, which is expected to restrain the growth of the Gabon power market.
The increase in the capacity of renewables to decrease the carbon footprint is expected to create an opportunity for renewable energy companies during the forecast period.
