Market Size of Zimbabwe Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zimbabwe Renewable Energy Market Analysis
The Zimbabwe Renewable Energy Market is expected to register a CAGR of 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.
- Over the long term, factors such as increasing renewable energy adoption and supportive government policies are expected to drive the market.
- On the other hand, the lack of financial backing for renewable energy projects hinders the market's growth.
- Nevertheless, solving intermittency problems using energy storage systems is expected to create enormous opportunities for the renewable energy market.
