Key Insights
The Egypt renewable energy market is poised for substantial expansion, driven by ambitious government targets and abundant solar and wind resources. The market, valued at 3360.9 million in the base year 2024, is projected to grow at a compound annual growth rate (CAGR) of 4.28% through 2032. Key growth drivers include rising electricity demand, a strategic shift away from fossil fuels, and supportive government policies promoting renewable energy investments. Significant domestic and international investments from leading companies like Elsewedy Electric, Siemens Gamesa, and Vestas Wind Systems underscore the market's upward trajectory. Solar and wind power are the leading segments, benefiting from favorable resource availability and cost-effective technological advancements. However, potential restraints such as land acquisition challenges, grid infrastructure limitations, and financing hurdles may impact growth, particularly in remote regions. Hydropower's growth is expected to be moderate compared to solar and wind due to geographical and environmental constraints. Emerging segments like geothermal and biomass energy are anticipated to play increasing, albeit niche, roles in Egypt's future energy landscape.
Egypt Renewable Energy Market Market Size (In Billion)
Egypt's strategic focus on renewable energy integration is revolutionizing its energy sector. Government initiatives to diversify energy sources and attract foreign direct investment are yielding positive results, with numerous large-scale projects in development. This expansion is fostering job creation and economic growth through active industry participation. Despite existing challenges, the long-term outlook for Egypt's renewable energy market is highly favorable, supported by ongoing policy support, technological innovation, and a growing emphasis on environmental sustainability. Successfully navigating infrastructure limitations, streamlining regulatory frameworks, and fostering public-private collaborations will be crucial to realizing the full potential of the nation's renewable energy assets. Further granular analysis of each renewable energy source's contribution is recommended to accurately forecast individual segment growth and market share.
Egypt Renewable Energy Market Company Market Share
Egypt Renewable Energy Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Egypt renewable energy market, covering the period 2019-2033, with a focus on the key segments: Hydro Power, Solar, Wind, and Other Types. The report examines market structure, competitive dynamics, industry trends, and future growth prospects, offering valuable insights for investors, industry stakeholders, and policymakers. With a base year of 2025 and an estimated year of 2025, the forecast period extends to 2033, encompassing historical data from 2019-2024. The report values are expressed in Millions (USD).
Egypt Renewable Energy Market Market Structure & Competitive Dynamics
The Egyptian renewable energy market exhibits a dynamic interplay of established players and emerging entrants. Market concentration is moderate, with a few major players like Elsewedy Electric Co S A E, Siemens Gamesa Renewable Energy SA, and Vestas Wind Systems AS holding significant market share. However, the sector is witnessing increased participation from international companies, driving competition. The regulatory framework, while supportive of renewable energy development, is still evolving, impacting market entry and investment decisions. Innovation is driven by government initiatives promoting technological advancements, alongside private sector R&D efforts. Mergers and acquisitions (M&A) activity is significant, with recent deals exceeding xx Million.
- Market Share: Elsewedy Electric holds an estimated xx% market share in 2025, followed by Siemens Gamesa with xx% and Vestas with xx%.
- M&A Activity: Recent deals, such as the USD 1.1 billion agreement between Egypt and AMEA Power (December 2022) highlight significant investment interest and consolidation within the sector. The total M&A value for the period 2019-2024 is estimated at xx Million.
- End-User Trends: A growing focus on energy security and diversification is driving demand from both the utility and industrial sectors. Increasing consumer awareness of environmental sustainability is also influencing market growth.
Egypt Renewable Energy Market Industry Trends & Insights
The Egyptian renewable energy market is experiencing robust growth, driven by the government's ambitious renewable energy targets and the increasing affordability of renewable energy technologies. The Compound Annual Growth Rate (CAGR) for the forecast period (2025-2033) is projected to be xx%, fueled by significant investments in large-scale solar and wind projects. Market penetration of renewable energy in the overall energy mix is expected to increase from xx% in 2025 to xx% by 2033. Technological advancements, particularly in solar PV and wind turbine efficiency, are further driving down costs and enhancing market attractiveness. Competitive dynamics are intensifying, with both domestic and international players vying for market share, leading to increased innovation and price competitiveness. Consumer preferences are shifting towards cleaner energy sources, boosting demand for renewable energy products and services.
Dominant Markets & Segments in Egypt Renewable Energy Market
The solar segment is currently the dominant market segment in Egypt, driven by favorable solar irradiance levels and government incentives. The wind segment is also experiencing significant growth, with large-scale wind farm projects under development.
- Solar: Key drivers include abundant sunshine, government policies promoting solar energy adoption, and declining solar PV technology costs. The Aswan governorate is a particularly important region for solar development.
- Wind: The Red Sea governorate, with its high wind speeds, is a key area for wind energy development. The recently announced USD 10 billion wind farm project signifies the growing potential of this segment.
- Hydro Power: While hydro power forms a part of the energy mix, its growth is relatively slower compared to solar and wind, due to limited opportunities for new large-scale hydro projects.
- Other Types: This segment encompasses smaller renewable energy sources like biomass and geothermal, with potential for niche market growth.
The government’s proactive support in the form of favorable policies, streamlined permitting processes, and dedicated funding, ensures growth in the sector. The available infrastructure, specifically transmission and distribution networks, while requiring further upgrades, supports the current growth, and ongoing expansions are planned.
Egypt Renewable Energy Market Product Innovations
The Egyptian renewable energy market witnesses continuous product innovation, particularly in solar PV and wind turbine technologies. Manufacturers are focusing on enhancing efficiency, durability, and cost-effectiveness. There is also a growing emphasis on integrating energy storage solutions to address intermittency challenges associated with renewable energy sources. These innovations are enhancing the market competitiveness of renewable energy technologies, making them increasingly attractive to both utilities and consumers.
Report Segmentation & Scope
The report segments the Egypt renewable energy market based on Type: Hydro Power, Solar, Wind, and Other Types. Each segment's market size, growth projections, and competitive dynamics are analyzed in detail. The forecast period (2025-2033) provides growth estimates for each segment, highlighting the projected increase in capacity and market value. The competitive landscape within each segment is explored, examining the strategies of key players and their impact on market share.
- Hydro Power: This segment is characterized by a relatively mature market with limited expansion opportunities.
- Solar: This segment exhibits the highest growth potential, fueled by large-scale projects and decreasing technology costs.
- Wind: This segment is experiencing rapid expansion, driven by government support and significant investment in large-scale wind farms.
- Other Types: This segment includes niche technologies and offers opportunities for specialized players.
Key Drivers of Egypt Renewable Energy Market Growth
The Egyptian renewable energy market is propelled by several key drivers:
- Government support: Ambitious renewable energy targets and supportive policies are attracting significant investments.
- Decreasing technology costs: The declining costs of solar PV and wind turbines make renewable energy increasingly competitive with fossil fuels.
- Energy security concerns: Diversifying the energy mix reduces reliance on imported fossil fuels, enhancing energy security.
- Environmental sustainability: The growing awareness of climate change is driving demand for cleaner energy sources.
Challenges in the Egypt Renewable Energy Market Sector
Despite its growth potential, the Egyptian renewable energy market faces certain challenges:
- Grid infrastructure limitations: Upgrading the electricity grid to accommodate the influx of renewable energy is crucial.
- Financing constraints: Securing sufficient funding for large-scale projects remains a challenge for some developers.
- Land acquisition: Securing suitable land for large renewable energy projects can be complex.
- Regulatory hurdles: Streamlining regulatory processes and ensuring policy consistency are important for attracting investors and accelerating project deployment. The impact of these challenges can lead to delays in project implementation and increase overall costs.
Leading Players in the Egypt Renewable Energy Market Market
- Elsewedy Electric Co S A E
- SkyPower Ltd
- Siemens Gamesa Renewable Energy SA
- Toyota Tsusho Corporation
- New & Renewable Energy Authority
- Scatec Solar ASA
- Vestas Wind Systems AS
- Orascom Development Holding AG
Key Developments in Egypt Renewable Energy Market Sector
- June 2023: Agreement signed for a USD 10 billion, 10 GW wind farm, generating 47,790 GWh annually.
- December 2022: USD 1.1 billion agreement for a 1 GW combined solar and wind project.
Strategic Egypt Renewable Energy Market Market Outlook
The Egyptian renewable energy market holds significant long-term growth potential. Continued government support, technological advancements, and increasing private sector investment will drive market expansion. Strategic opportunities exist for companies involved in developing, financing, and operating renewable energy projects. The focus on grid infrastructure upgrades and energy storage solutions will be crucial for optimizing the integration of renewable energy into the national electricity grid. The market's sustained growth trajectory presents compelling opportunities for investors and industry participants.
Egypt Renewable Energy Market Segmentation
-
1. Type
- 1.1. Hydro Power
- 1.2. Solar
- 1.3. Wind
- 1.4. Other Types
Egypt Renewable Energy Market Segmentation By Geography
- 1. Egypt
Egypt Renewable Energy Market Regional Market Share
Geographic Coverage of Egypt Renewable Energy Market
Egypt Renewable Energy Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.28% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Supportive Government Regulations 4.; Growing Demand for Solar Energy
- 3.3. Market Restrains
- 3.3.1. 4.; The Slow Pace of Energy Infrastructure Development and Restricted Land
- 3.4. Market Trends
- 3.4.1. Solar Energy is Expected to Witness Significant Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Egypt Renewable Energy Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Hydro Power
- 5.1.2. Solar
- 5.1.3. Wind
- 5.1.4. Other Types
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Egypt
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 Elsewedy Electric Co S A E
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 SkyPower Ltd
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Siemens Gamesa Renewable Energy SA
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Toyota Tsusho Corporation
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 New & Renewable Energy Authority
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Scatec Solar ASA
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Vestas Wind Systems AS
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Orascom Development Holding AG
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.1 Elsewedy Electric Co S A E
List of Figures
- Figure 1: Egypt Renewable Energy Market Revenue Breakdown (million, %) by Product 2025 & 2033
- Figure 2: Egypt Renewable Energy Market Share (%) by Company 2025
List of Tables
- Table 1: Egypt Renewable Energy Market Revenue million Forecast, by Type 2020 & 2033
- Table 2: Egypt Renewable Energy Market Volume gigawatt Forecast, by Type 2020 & 2033
- Table 3: Egypt Renewable Energy Market Revenue million Forecast, by Region 2020 & 2033
- Table 4: Egypt Renewable Energy Market Volume gigawatt Forecast, by Region 2020 & 2033
- Table 5: Egypt Renewable Energy Market Revenue million Forecast, by Type 2020 & 2033
- Table 6: Egypt Renewable Energy Market Volume gigawatt Forecast, by Type 2020 & 2033
- Table 7: Egypt Renewable Energy Market Revenue million Forecast, by Country 2020 & 2033
- Table 8: Egypt Renewable Energy Market Volume gigawatt Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Egypt Renewable Energy Market?
The projected CAGR is approximately 4.28%.
2. Which companies are prominent players in the Egypt Renewable Energy Market?
Key companies in the market include Elsewedy Electric Co S A E , SkyPower Ltd, Siemens Gamesa Renewable Energy SA, Toyota Tsusho Corporation, New & Renewable Energy Authority, Scatec Solar ASA, Vestas Wind Systems AS, Orascom Development Holding AG.
3. What are the main segments of the Egypt Renewable Energy Market?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 3360.9 million as of 2022.
5. What are some drivers contributing to market growth?
4.; Supportive Government Regulations 4.; Growing Demand for Solar Energy.
6. What are the notable trends driving market growth?
Solar Energy is Expected to Witness Significant Growth.
7. Are there any restraints impacting market growth?
4.; The Slow Pace of Energy Infrastructure Development and Restricted Land.
8. Can you provide examples of recent developments in the market?
In June 2023, a group of companies, including Abu Dhabi’s Masdar, have inked an agreement with Egypt’s New and Renewable Energy Authority. The agreement is to secure land for a USD 10 billion wind farm. The farm will have a capacity of 10 GW and will produce 47,790 gigawatt hours of clean energy annually.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million and volume, measured in gigawatt.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Egypt Renewable Energy Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Egypt Renewable Energy Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Egypt Renewable Energy Market?
To stay informed about further developments, trends, and reports in the Egypt Renewable Energy Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence