African Power and Energy Outlook—2023

African Power and Energy Outlook—2023

Future Growth Potential to be Driven by Electrification Mandates and EU Exports

RELEASE DATE
04-Apr-2023
REGION
Africa
Research Code: PE97-01-00-00-00
SKU: EG02311-AF-MO_27525
AvailableYesPDF Download
$4,950.00
In stock
SKU
EG02311-AF-MO_27525
$4,950.00
ENQUIRE NOW

Description

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.

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

Table of Contents

Top Predictions for 2023

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Power and Energy Industry

Growth Opportunities Fuel the Growth Pipeline EngineTM

Research Scope

Segments Included in the Study

Key Power and Energy Growth Themes

Key Growth Challenges Impacting the Power and Energy Industry

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

Renewable Hotspots (continued)

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

Accelerated Growth of Pan-African Energy Infrastructure (continued)

Africa is Set to Become a Key Carbon Offset Market

Annual Power Generation Capacity Addition

Annual Power Generation Investment Forecast

Installed Power Generation Capacity Forecast

Power Generation Installed Capacity

Annual Power Generation Investments

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

Growth Opportunity 1: Establishing a Local Solar PV Value Chain

Growth Opportunity 1: Establishing a Local Solar PV Value Chain (continued)

Growth Opportunity 2: Micro Grid Systems for Data Centers

Growth Opportunity 2: Micro Grid Systems for Data Centers (continued)

Growth Opportunity 3: Energy Storage Value Chain

Growth Opportunity 3: Energy Storage Value Chain (continued)

Growth Opportunity 4: Energy Infrastructure—Energy Transition, Grid Expansion, and Modernization Investments

Growth Opportunity 4: Energy Infrastructure—Energy Transition, Grid Expansion, and Modernization Investments (continued)

Conclusions and Future Outlook

References and Acknowledgments

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

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

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
More Information
Author Saraswathi Venkatesan
Industries Energy
No Index No
Is Prebook No
Keyword 1 Energy Industry Outlook 2023
Keyword 2 Energy Market Forecast
Keyword 3 Africa Energy Investment
Podcast No
WIP Number PE97-01-00-00-00