Market Size of Gabon Power Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Gabon Power Market Analysis
The Gabon power market is expected to register a CAGR of more than 3.4% during the forecast period.
The Gabon power market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. The country's power sector is expected to be driven by the investment of foreign players for the construction of new power plants during the forecast period. However, Gabon also has a large share of electricity being generated through fossil fuels. With the declining production of oil and gas, the country may increase its import, which is expected to restrain the growth of the Gabon power market.
The increase in the capacity of renewables to decrease the carbon footprint is expected to create an opportunity for renewable energy companies during the forecast period.
Gabon Power Industry Segmentation
The generation of electricity through various sources like fossil fuels, renewable energies, nuclear energy, etc., and the transmission and distribution of electricity to the end user is considered the power market.
The market is segmented by sector into power generation (hydropower, natural gas, and others) and transmission and distribution. The market sizing and forecasts have been done based on electricity generation capacity (MW).
| By Power Generation | |
| Hydropower | |
| Natural Gas | |
| Others |
Gabon Power Market Size Summary
The Gabon power market is poised for growth, driven by foreign investments in new power plant constructions. Despite the initial setbacks due to the COVID-19 pandemic, the market has shown resilience and is expected to expand steadily. The country's energy sector is heavily reliant on fossil fuels, but declining oil and gas production may prompt an increase in imports, potentially hindering market growth. However, the push towards renewable energy, particularly hydroelectricity, presents significant opportunities. Gabon's government is actively promoting hydropower projects to reduce carbon emissions and decrease reliance on imported electricity. The development of new hydropower facilities, such as the Kinguélé Aval project, underscores the country's commitment to enhancing its renewable energy capacity.
Gabon is rich in natural resources and has a high urban electrification rate, yet rural areas still face challenges in accessing electricity. The government is encouraging foreign investment to expand the power infrastructure and meet rural electricity demands. Significant investments have been made in hydropower projects, with international partnerships playing a crucial role. Companies like ENGIE are also contributing to the solar energy sector, further diversifying Gabon's energy mix. The market remains fragmented, with key players including Eranove SA, Genser Energy Holdings Inc., and China Gezhouba Group Company Limited, all of which are expected to drive the market's growth in the coming years.
Gabon 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 Installed Power Generation Capacity and Forecast in GW, until 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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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 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Power Generation
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2.1.1 Hydropower
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2.1.2 Natural Gas
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2.1.3 Others
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2.2 By Power Transmission and Distribution
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Gabon Power Market Size FAQs
What is the current Gabon Power Market size?
The Gabon Power Market is projected to register a CAGR of greater than 3.40% during the forecast period (2024-2029)
Who are the key players in Gabon Power Market?
Eranove SA , Genser Energy Holdings Inc. , China Gezhouba Group Company Limited and Engie SA are the major companies operating in the Gabon Power Market.
