
For many years South Africans have neglected to make use of the renewable energy sources available to them as a result of the cheap and reliable power supplied by the national utility Eskom. However, with power shortages looming and the cost of electricity expected to increase the attractiveness of renewable energy on a commercial scale is becoming increasingly significant.
On this topic Frost & Sullivan will host an exclusive interactive briefing on 25 April, 2007, at 3 p.m. BST to provide manufacturers, distribution channels, end-users and other industry participants with an overview of the Renewable Energy Equipment Market in South Africa.
Those interested in participating in this outlook should send an e-mail to Chiara Carella - Corporate Communications at chiara.carella@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. Upon receipt of the above information, we will send you a confirmation/pass code for the live briefing.
As South Africa faces power crisis renewable energy equipment sales are expected to increase. The current market for renewable energy equipment is estimated to be worth $58 million in 2006 with a growth rate of 9.1% in the base year and a CAGR of 21.1% over the forecast period.
"The South African renewable energy market has thus far not developed in line with international standards as a result of the unique challenges being faced in the local market despite the excellent physical conditions", observes Industry Analyst Cornelis van der Waal -. "However, with increasing certainty about base load deficits in South Africa, the search is on for alternative energy solutions that can compete with traditional power generation technology on a commercial scale".
"Equipment suppliers", concludes Frost & Sullivan analyst, "will need to identify opportunities pro-actively in order to share in the increased revenue streams".
A number of industry participants can benefit from this research. They include: Renewable Energy Equipment Suppliers, Energy Managers, Utilities, Energy Consultants as well as Renewable Energy End-users.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. |