African Power and Energy Outlook Report 2023: Opportunities will Arise Due to a Net Capacity Addition of More than 243 GW in the Pipeline

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Apr 20, 2023, 12:00 ET

DUBLIN, April 20, 2023 /PRNewswire/ -- The "African Power and Energy Outlook - 2023" report has been added to ResearchAndMarkets.com's offering.

This outlook study captures the status of the African power and energy industry and the publisher's expectations from it in 2023 (based on its observation of key trends over the past few years and anticipated future trends).

Universal access to electricity has been central to the African development story, with power being critical to the continent's economic growth. As more than 600 million people (or 44% of the population) lack access to electricity, Africa is racing to add capacity to electrify rural communities and secure baseload supply in urban and industrial zones.

The study also explores the investment avenues available for market participants during Africa's electrification drive. In addition, it examines other opportunities likely to arise on the back of the continent's efforts in terms of decarbonization and the management of the evolving power demand.

Opportunities will arise due to a net capacity addition of more than 243 GW in the pipeline, easy access to financing for renewable projects, and several incentives earmarked to attract foreign investments. Strategic partnerships and local knowledge are not only critical factors for market success but are also legal requirements.

KEY ISSUES ADDRESSED

What is the installed capacity of power generation assets in Africa, and what is the total market revenue potential?
Which major trends are impacting the continent's power and energy industry?
What growth opportunities are available for existing participants and new entrants?
What is the market revenue potential for prominent African countries?

Growth Opportunities

Growth Opportunity 1: Establishing a Local Solar PV Value Chain
Growth Opportunity 2: Micro Grid Systems for Data Centers
Growth Opportunity 3: Energy Storage Value Chain
Growth Opportunity 4: Energy Infrastructure - Energy Transition, Grid Expansion, and Modernization Investments

Key Topics Covered:

1 Analysis Highlights

Top Predictions for 2023

2 Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Power and Energy Industry
Growth Opportunities Fuel the Growth Pipeline Engine
Research Scope
Segments Included in the Study

3 African Power and Energy Industry: Status and Growth Environment

Key Power and Energy Growth Themes
Key Growth Challenges Impacting the Power and Energy Industry

4 African Power and Energy Industry: Trends - 2023

Major Trends Shaping the African Power and Energy Industry
The Great African Electrification Drive
SHSs, Mini Grids, Diesel Gensets, and the Growth of Distributed Generation
Diesel Generators: Installed Capacity across the Continent
Slow but Steady Growth of Utility-scale Renewables
Renewable Hotspots
Hydrogen for Export
Growth of Energy Storage Technologies
Hydropower: PSH and FPV to Takeoff, Given their Vast Potential
The War of Opportunities: The Africa-EU Partnership
Accelerated Growth of Pan-African Energy Infrastructure
Africa is Set to Become a Key Carbon Offset Market

5 Revenue Trends

Annual Power Generation Capacity Addition
Annual Power Generation Investment Forecast
Installed Power Generation Capacity Forecast
Power Generation Installed Capacity
Annual Power Generation Investments

6 Key Growth Pockets

Algerian Power and Energy Market Forecast
Algerian Power and Energy Market Discussion
South African Power and Energy Market Forecast
South African Power and Energy Market Discussion
Moroccan Power and Energy Market Forecast
Moroccan Power and Energy Market Discussion
Ghanaian Power and Energy Market Forecast
Ghanaian Power and Energy Market Discussion
Nigerian Power and Energy Market Forecast
Nigerian Power and Energy Market Discussion

7 Conclusions

Countries Covered

Algeria
South Africa
Morocco
Ghana
Nigeria

For more information about this report visit https://www.researchandmarkets.com/r/sn2iq1

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