How is the Gabon power market segmented?
The Gabon Power Market is segmented by Power Generation (Hydropower, Natural Gas, and Others) and Transmission and Distribution. The report offers the market size and forecasts for electricity generation capacity (MW). Need a report that reflects how COVID-19 has impacted this market and its growth?
How will the Gabon power market perform in 2022?
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.
Will foreign investment drive the growth of the Gabon power market?
Foreign investment is expected to drive the growth of the Gabon power market over the forecast period. The Gabon power market is fragmented. The key players in this market (in no particular order) are Eranove SA, Genser Energy Holdings Inc., China Gezhouba Group Company Limited, Engie SA, TBEA Co. Ltd, and others.
What drives Gabon's power sector?
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.
How will a decline in oil and gas affect the Gabon power market?
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.
How much electricity does Gabon use?
Hydroelectricity is one of the major sources of electricity in Gabon. In 2021, the country’s installed hydropower capacity was 331 MW. However, the country still relies on the import of electricity. In 2021, it imported 550 GWh of electricity from foreign grid lines to fulfill its electricity requirement.
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