Egypt Wind Energy Market (2024-2030) | Outlook, Analysis, Value, Companies, Trends, Share, Size, Growth, Industry, Forecast & Revenue

Egypt Wind Energy Market Highlights

Report Name	Egypt Wind Energy Market
Forecast period	2024-2030
CAGR	28.6%
Growing Sector	Residential Sector

Topics Covered in the Egypt Wind Energy Market

Egypt Wind Energy Market report thoroughly covers the market by type and by end user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Wind Energy Market Synopsis

Egypt's potential for wind energy is enormous. The country has a total installed capacity of 1.76 GW. The installed capacity upsurge is creating a rising need for renewable energy, and although wind farms are already contributing to Egypt's electricity grid, there is still room for more capacity. Egypt aims to increase its renewable energy capacity, and wind energy will have a significant contribution. As countries shift their preference from traditional and historical sources of energy to clean sources of energy that emit fewer greenhouse gases.

According to 6Wresearch, the Egypt Wind Energy Market size is estimated to reach at a CAGR of 28.6% during the forecast period 2024-2030. Egypt's geographical location makes it conveniently located for wind energy generation. The country is well-positioned to take advantage of the Red Sea and Suez Gulf winds. Additionally, the Government of Egypt is devoted to expedite renewable energy adoption, and this will play a significant role in driving market growth.  Despite the immense potential and the government's support, there are some challenges facing the Egypt Wind Energy industry. The frequent sandstorms that can damage wind turbines, leading to downtime and expensive repairs and lack of infrastructure and technology in rural areas. Nevertheless, the trends are shaping the market growth, including the rising demand for smart grid solutions, the uptake of hybrid renewable energy systems, and the adoption of advanced wind turbine technologies. The integration of smart grid technologies, which enable two-way communication between the grid and wind farms, can help to improve the efficiency and reliability of the system.

Government Initiatives Introduced in the Egypt Wind Energy Market

The government of Egypt has implemented several initiatives to support and promote the renewable energy sector, which includes wind energy production. One of these initiatives is the feed-in-tariffs (FIT) program, offering projects a fixed price for electricity generated from clean sources of energy. Additionally, the government has established a Renewable Energy Fund to support renewable energy projects in the country and has signed contracts with several wind energy companies to increase the wind farm's capacity.

Key Players in the Egypt Wind Energy Market

The market has numerous players operating in the wind energy business in Egypt, including the international companies, German Nordex, and Siemens-Gamesa. The local players include the Wind Energy Company, the Gulf of Suez Wind Farm, New and Renewable Energy Authority (NREA), and others.

Future Insights of the Egypt Wind Energy Market

Egypt Wind Energy Market has a promising future due to the increasing demand for round-the-clock energy supply, there is a growing trend towards the use of hybrid systems, which combine wind, solar, and energy storage technologies. Some companies are investing in the development of advanced wind turbine technologies, such as floating wind turbines and bladeless turbines, in order to overcome some of the challenges associated with traditional wind turbines.

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, onshore Wind Energy is growing in the market underpinned by the country’s onshore wind energy market has attracted significant investment from international companies such as Engie, Lekela, and Siemens to build larger wind farms. The installed capacity also is increasing due to favorable policies from the Egyptian government and financial support from various international organizations.

Market Analysis by Application

Based on the application, the adoption of wind energy in the residential sector is quickly gaining momentum. As the demand for electricity continues to rise, the adoption of wind energy in the residential sector would be a viable solution to counteract the shortage of electricity during high demand seasons.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Wind Energy Market Outlook
• Market Size of Egypt Wind Energy Market, 2023
• Forecast of Egypt Wind Energy Market, 2030
• Historical Data and Forecast of Egypt Wind Energy Revenues & Volume for the Period 2020 - 2030
• Egypt Wind Energy Market Trend Evolution
• Egypt Wind Energy Market Drivers and Challenges
• Egypt Wind Energy Price Trends
• Egypt Wind Energy Porter's Five Forces
• Egypt Wind Energy Industry Life Cycle
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Offshore for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Onshore for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By End User for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Wind Energy Market Revenues & Volume By Residential for the Period 2020 - 2030
• Egypt Wind Energy Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End User
• Egypt Wind Energy Top Companies Market Share
• Egypt Wind Energy Competitive Benchmarking By Technical and Operational Parameters
• Egypt Wind Energy Company Profiles
• Egypt Wind Energy Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Offshore
• Onshore

By End User

• Industrial
• Commercial
• Residential