DUBLIN, March 1, 2024 /PRNewswire/ — The “Africa Energy Transition – Sectors and Companies Driving Development” report has been added to ResearchAndMarkets.com’s offering.
Africa’s power market still relies on a combination of thermal power and large-scale hydropower projects to cater to most of its demand. However, the region’s energy transition is gaining pace as countries increasingly capitalize on the falling cost of producing renewable energy. Meanwhile, increasing policy support is causing hydrogen, CCUS and electric vehicles to gain traction.
Africa’s power market still relies on a combination of thermal power and large-scale hydropower projects to cater to most of its demand. However, the region’s energy transition is gaining pace as countries increasingly capitalize on the falling cost of producing renewable energy and the region’s rich renewable resources. Onshore wind and solar PV are expected to experience a strong growth in capacity in the run up to 2035, experiencing a CAGR of 8% and 8.3%, respectively.
The active and pipeline capacity of Africa’s hydrogen market is also expected to exceed 21 mtpa by 2030. However, electric vehicles will continue to struggle for traction within Africa’s light vehicle market, with low rates of ownership and the tendency to import used internal combustion engine vehicles compounding issues of affordability and reliable charging infrastructure for many consumers. Meanwhile, there has been a significant uptick in activity related to carbon capture, storage and utilization technology, with 6 projects scheduled to come online before 2030, the majority of which will be commercial projects.
Key Highlights
- Many countries in Africa are working to bring grid access to all segments of the population, with transmission investment reaching $7.2 billion for the region in 2023. This, coupled with a fast-growing population, means that total generation is expected to increase by 47% between 2023-2035.
- Morocco, South Africa and Tanzania will experience some of the strongest growth in renewable generation between 2022 and 2035, chiefly due to the build out of large scale solar PV and wind projects.
- 28 countries in Africa now have emissions standards for used vehicles. It is likely that the environmental credential of used vehicles will come under closer scrutiny in years to come.
- Despite having no active capacity, the region has 3.8 mtpa of pipeline CCUS capacity. However, the region will for now remain a minority player in the global CCUS market, with current global active CCUS capacity standing at 51 mtpa.
- This growth trend will also be reflected in Africa’s hydrogen market, where active and pipeline capacity is forecast to exceed 21 mtpa in 2030, which represents a CAGR of 139% across the same period.
Report Scope
- Regional Energy Transition in Africa
- Policies supporting energy transition
- Power renewable capacity and generation by 2035 and thermal decommissioning capacity
- Active and upcoming CCUS projects
- Hydrogen market analysis
Key Topics Covered:
- Executive Summary
- Sector Readiness and Leaders
- Global Context
- Impact of Climate Change on Africa
- Population Driving Energy Demand
- Renewable Energy: Policies & Economics
- Power Capacity Outlook Share
- Share of Power & Renewable Generation
- Largest Economies – Renewable Share
- Thermal Power Decommissioning & Emissions
- Major players: Solar Vs Wind Owners, Manufactures and EPCs
- Electric Light Vehicle Production Outlook
- Policies
- CCS/CCU Projects
- Global Hydrogen Market Outlook
- Key players in Africa’s hydrogen market
- Africa’s largest upcoming hydrogen projects
- Hydrogen Policies and initiatives
Company Coverage
- ACME Cleantech Solutions Pvt Ltd
- Egyptian Electricity Transmission Co
- New and Renewable Energy Authority
- BP Plc
- British International Investment plc
- Norfund
- CWP Global
- Jearrard Energy Resources Ltd
- Conjuncta GmbH
- Infinity Energy SAE
- Mubadala Investment Co
- Chariot Oil and Gas Ltd
- Eren Groupe SA
- TotalEnergies SA
- Falcon Capital
- Hydrogene de France
- Itochu Corp
- Sasol Ltd
- Xlinks Ltd
- TuNur Ltd
- Energias de Portugal SA
- Abu Dhabi Power Corp
- Engie SA
- Al Nowais Investments LLC
- Egyptian Electricity Holding Co
- Acwa Power Co
- Aker ASA
- Electricite de France SA
- Hassan Allam Utilities
- Ethiopian Electric Power Corp
- Shapoorji Pallonji & Co Pvt Ltd
- China Energy Engineering Group Co Ltd
- Power Construction Corporation of China
- Urban Green Technologies LLC
- Scatec ASA
- TSK Group
- East China Survey and Design Institute Co Ltd
- China Energy Construction International Corp Ltd
- SENER Grupo de Ingenieria SA
- Energy China International Group
- JinkoSolar Holding Co Ltd
- JA Solar Technology Co Ltd
- Siemens Energy AG
- Canadian Solar Inc
- LONGi Green Energy Technology Co Ltd
- Yingli Green Energy Holding Co Ltd
- Hanwha Corp
- BYD Co Ltd
- Sustainable Equities Group
- Enel SpA
- Siemens AG
- Vestas Wind Systems AS
- Nordex SE
- Envision Energy Ltd
- Terra Global Energy Developers
- ORIX Corp
- Longyuan Engineering South Africa (Pty) Ltd
- Goldwind Science & Technology Co Ltd
- General Electric Co
- Enercon GmbH
- Guodian United Power Technology Co Ltd
- Suzlon Energy Ltd
- Sany Group Co Ltd
- Equinor ASA
- Sonatrach SpA
- Egyptian Petroleum Corp
- Eni SpA
- Energean Plc
- National Oil Corp
- Empresa Nacional de Hidrocarbonetos EP
- TCRK Ltd
For more information about this report visit https://www.researchandmarkets.com/r/sbacoo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
