PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1370620
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1370620
Africa distribution lines market will grow at a 4.6% CAGR from 2023 to 2032. The African continent's rapid urbanization and population growth have led to increased demand for electricity, necessitating the expansion and improvement of distribution networks.
Governments and international organizations are channeling investments into infrastructure development to tackle energy accessibility challenges, which, in turn, are bolstering grid expansion and reliability, fostering a conducive environment for business growth.
In July 2023, Development partners of the African Development Bank Group pledged to raise financial support for a cross-border power transmission line worth $900 million, which will link Mauritania and Mali, providing electricity access to approximately 620,000 individuals.
The adoption of renewable energy sources, such as solar and wind power will drive the need for efficient distribution lines to transmit green energy, fueling industry expansion. Additionally, the increasing industrialization and economic development across Africa will boost the sales for reliable and extensive distribution lines to support various sectors.
The Africa distribution lines market is categorized based on voltage, product, and region.
Based on voltage, the >66 kV voltage segment will exhibit a substantial CAGR during the analysis period, driven by the increasing demand for high-capacity transmission lines to accommodate rising electricity needs. Factors such as industrial expansion, urbanization, and the integration of renewable energy sources will drive the requirement for a more robust and efficient distribution infrastructure, creating opportunities for growth in this segment.
The open wire product segment will depict a significant CAGR through 2032, driven by the cost-effectiveness and ease of maintenance of open wire. Many regions in Africa are still in a developing stage, and open wire technology will provide a cost-efficient solution for electricity distribution, contributing to its growth in areas where financial constraints play a significant role in infrastructure decisions.
Regionally, the Eastern Africa region is anticipated to account for a sizeable market share through 2032, driven by increased urbanization, population growth, and expanding industrialization. Additionally, investments in renewable energy projects and efforts to improve electricity access will further augment the distribution lines business in the region.