Market Size of Algeria Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Algeria Power Market Analysis
The market for Algeria Power is expected to register a CAGR of greater than 8.5% in the forecast period of 2020-2025. Factors, such as encouraging government policies, rapid acceptance of domestic solar and wind energy, and pressure to meet power demand due to the increasing population, coupled with rising urbanization expected to drive the Algeria Power Market during the forecast period. Moreover, with the commitment of the government, by 2030, the country intends to have 37% of its installed capacity and 27% of the electricity production intended for domestic consumption from renewables. Additionally, approximately 9 million customers are connected to the country's electricity network. The length of the electricity transportation network in the country reached 100% in 2019, representing an increase of 240% compared to the length in 2000. On the other hand, with the absence of any new initiatives, the falling interest of investors in 2019, and limited land and limited power capacity by solar and wind energy, hindrance in the growth of the Algeria power market is expected.
- As world start shifting toward renewable energy and country start witnessing a decrease in oil and gas production since 2014, rising domestic consumption and increasing environmental awareness, solar energy has come to occupy a prominent role in the development of the country's energy mix in recent years. Renewable energy is likely to dominate the Algeria power market.
- With Renewable Energy Target (RET) of 2030, Algeria was aiming to achieve a 27% renewable share in electricity generation. This, in turn, government policy is likely to provide a better opportunity to the Algeria power market in coming near future.
- Algeria has many ambitious renewable projects lined up. With enormous solar energy potential, the country is ready to take a leap in the renewable market. Strong government support to solar power industry likely to drive the Algeria power market during the forecast period.
Algeria Power Industry Segmentation
The Algerian power market report includes:
Algeria Power Market Size Summary
The Algeria power market is poised for significant growth, driven by government initiatives and a shift towards renewable energy sources. The country's commitment to increasing its renewable energy capacity is evident in its ambitious targets for 2030, aiming for a substantial portion of its electricity generation to come from solar and wind energy. This transition is supported by favorable government policies and a growing focus on solar energy, which is becoming a key component of Algeria's energy mix. Despite challenges such as limited investor interest and constraints in solar and wind capacity, the government's strong support for solar power is expected to propel the market forward. The expansion of the electricity transportation network and the increasing number of connected customers further underscore the market's potential.
Algeria's power generation landscape is currently dominated by oil and gas-fired plants, with renewables accounting for a small fraction of the total capacity. However, the country is actively working to reduce its reliance on fossil fuels and decrease carbon emissions by investing in renewable energy projects, particularly solar power. The National Renewable Energy Development Programme (PNDER) outlines ambitious plans for expanding renewable capacity, with solar power expected to play a leading role. While the conventional power generation sector will continue to hold a significant share, the solar power market is anticipated to dominate the Algeria power market in the coming years. The market is moderately fragmented, with key players including General Electric Company, Eni Spa, and others, contributing to the competitive landscape.
Algeria Power Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Power Generation Installed Capacity and Forecast, in GW, until 2025
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1.3 Electricity Generation and Consumption Forecast in TWh, until 2025
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1.4 Recent Trends and Developments
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTEL Analysis
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Algeria Power Market Size FAQs
What is the current Algeria Power Market size?
The Algeria Power Market is projected to register a CAGR of greater than 8.5% during the forecast period (2024-2029)
Who are the key players in Algeria Power Market?
General Electric Company , Eni Spa. , Condor Electronics SPA , SOLIWIND Algérie Sarl and Algerian Energy Company, Spa are the major companies operating in the Algeria Power Market.
