Market Size of Southern Africa Renewable Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa Renewable Energy Market Analysis
The renewable energy market in Southern Africa is expected to grow at a CAGR of more than 6% over the forecast period.
- The increasing power demand and efforts to electrify the majority of the population in countries like Madagascar, Zambia, and Zimbabwe are long-term drivers of the market for renewable energy in the forecast period.
- On the other hand, lack of acceptance in countries like Malawi, Madagascar, and Botswana and high installation costs for renewable energy projects are a few restraining factors for the market's growth.
- Upcoming projects in countries like South Africa and Mozambique are expected to create significant opportunities for renewable energy companies.
