Market Size of Tunisia Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Tunisia Renewable Energy Market Analysis
The Tunisia renewable energy market is projected to register a CAGR of more than 3% during the forecast period.
- Over the medium term, factors such as supportive government policies and increasing adoption of renewable energy with the declining price of solar panels and wind turbine installations are expected to drive the market in the forecast period.
- On the other hand, the rising adoption of alternate clean power sources, such as gas-fired power plants and nuclear energy projects, is likely to restrain the market growth.
- Nevertheless, the technological advancements in solar PV manufacturing and government policies toward a greener environment will likely provide huge opportunities for the market studied.
Tunisia Renewable Energy Industry Segmentation
Renewable energy is the energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished.
The Tunisia Renewable Energy Market is segmented by Type. By type, the market is segmented into wind, solar energy, hydropower, and other types. For each segment, the installed capacity and forecasts have been done based on megawatts (MW).
| Type | |
| Solar Energy | |
| Wind | |
| Hydropower | |
| Other Types |
Tunisia Renewable Energy Market Size Summary
The Tunisia renewable energy market is poised for growth, driven by supportive government policies and the decreasing costs of solar panels and wind turbine installations. Despite the competition from alternative clean energy sources like gas-fired power plants and nuclear projects, advancements in solar photovoltaic technology and a commitment to environmental sustainability are expected to create significant opportunities. The government's focus on increasing renewable energy capacity, particularly through wind energy, is evident in its plans to issue international tenders for substantial renewable power projects, aiming to reduce reliance on imported natural gas.
Tunisia's renewable energy sector is moderately fragmented, with key players including Nur Energie Ltd., General Electric Company, and the Tunisian Company of Electricity and Gas. The country has seen initiatives such as the African Development Bank's support for the Kairouan Solar Power Plant and the development of a regulatory framework for green hydrogen production. These efforts, alongside plans to significantly expand solar energy capacity and develop new renewable projects, underscore Tunisia's commitment to enhancing its renewable energy infrastructure and increasing its share of clean energy in the national grid.
Tunisia Renewable Energy 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 Renewable Energy Mix, 2022
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1.3 Renewable Energy Installed Capacity and Forecast in MW, till 2028
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1.4 Major Upcoming Renewable Energy Projects
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Solar Energy
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2.1.2 Wind
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2.1.3 Hydropower
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2.1.4 Other Types
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Tunisia Renewable Energy Market Size FAQs
What is the current Tunisia Renewable Energy Market size?
The Tunisia Renewable Energy Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Tunisia Renewable Energy Market?
Nur Energie Ltd, General Electric Company, Ansaldo Energia SpA , Seeraj Energy and Tunisian Company of Electricity and Gas (STEG) are the major companies operating in the Tunisia Renewable Energy Market.
