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Eswatini Overhead Cable Industry Analysis
The overhead lines/cables construction projects industry in Eswatini is still at a nascent stage and has a lot of room for growth. However, the industry has been seeing a steady increase in demand in recent years, primarily driven by the country's growing need for electricity and the government's efforts to improve the power infrastructure.
Eswatini, being a small country, has a relatively small energy sector. According to the African Development Bank, only about 35% of the country's population has access to electricity. However, the government has set an ambitious target to achieve universal access to electricity by 2030. This presents a significant opportunity for the overhead lines/cables construction industry in Eswatini to play a pivotal role in the country's economic development.
Moreover, the Eswatini Electricity Company (EEC) has been undertaking various projects to improve the power infrastructure and increase the capacity of the electricity grid. The EEC has already embarked on a USD 105 million project to upgrade and expand the country's electricity grid, which includes the construction of new transmission lines and substations. The project is expected to increase the country's power generation capacity and improve the reliability of the power supply.
Another significant driver of the overhead lines/cables construction projects industry in Eswatini is the growing demand for renewable energy. The country has vast potential for renewable energy, primarily solar and wind power, and the government has been actively promoting investments in this sector. For instance, in 2021, the government signed a power purchase agreement for a 40 MW solar photovoltaic plant that is expected to generate 116 GWh of electricity annually.
In terms of the industry outlook, the overhead lines/cables construction projects industry in Eswatini is expected to grow steadily in the coming years, primarily driven by the government's efforts to improve the power infrastructure and achieve universal access to electricity. Additionally, the increasing demand for renewable energy is likely to create new opportunities for the industry. However, the industry is still at a nascent stage, and there is a need for further investments and expertise to accelerate its growth.
In conclusion, the overhead lines/cables construction projects industry in Eswatini has significant growth potential, driven by the country's growing need for electricity and the government's efforts to improve the power infrastructure. The industry is also likely to benefit from the increasing demand for renewable energy. However, there is a need for further investments and expertise to accelerate its growth and fully capitalize on the opportunities presented by the country's energy sector.
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