Tunisia Power Market to reach USD XX billion by 2027.Tunisia Power Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2021-2027. Tunisia's power sector is well-developed, and the national electrical system serves nearly the whole population. Tunisia currently has a power generation capacity of 5,175 megawatts (MW), which is distributed over 25 power plants and produces 20,220-gigawatt-hours in 2019. The Tunisian power market is anticipated to be driven by factors such as the increased engagement of private companies. Energy security issues, such as Tunisia's heavy reliance on natural gas and imports, are likely to wreak havoc on the power market. For instance, STEG, Tunisia's state-owned power utility, held 91.5 percent of the country's installed power production capacity and produced 81 percent of the country's total electricity in 2019. The rest was generated by Carthage Power Company (CPC), Tunisia's only independent power producer (IPP), which has a 471-MW combined-cycle power plant. Despite STEG's opposition to private investment in the power sector, the 2015 energy legislation passed by the Tunisian Parliament supports IPPs (Independent Power Producers) in the renewable energy sector and gas-fired power stations. Furthermore, The GOT is scheduled to launch a tender in 2021 for at least one of the two 470-550 MW combined-cycle power plants in Skhira (South Tunisia) to be built as an IPP. Furthermore, the government intends to issue tenders for 3.5 GW of renewable energy for USD 3.5 billion by 2030, or roughly 350 MW per year over the following ten years. However, energy security challenges such as strong dependence on natural gas and imports may impede market growth over the forecast period of 2021-2027.
Major market player included in this report are:
General Electric Company
Ansaldo Energia
Nur Energie
Tunisian Company of Electricity and Gas (STEG)
Seeraj Energy
Carthage Power Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Generation:
Conventional Thermal Power
Hydro Power
Non-hydro Renewables
By Distribution and transmission:
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Tunisia Power Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors