South Africa Solar Photovoltaic (PV) Market, By Technology (Crystalline Silicon, Thin Film); By Grid Type (On-grid, Off-grid); By End Use (Residential, Commercial & Industrial, Utilities); By Installation Type (Ground Mounted, Rooftop), Trend Analysis, Co

Industrial Control Systems (ICS) Security Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Type (SCADA, PLC, DCS); By Solution (Data Loss Prevention, Antivirus, Firewall, Distributed Denial of Service (DDOS)); By Service (Change in Management, Communication Services, Managed Support, Risk Management); By Vertical (Manufacturing, Food & Beverages, Energy & Power, Transportation); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))


South Africa Solar Photovoltaic (PV) Market Size Set to Expand at Significant CAGR of 8.12% During 2023–2029, Touching USD 2.08 Billion by 2029

South Africa Solar Photovoltaic (PV) Market is flourishing due to an increasingly high focus on sustainable energy, decreasing costs of solar technology, supportive regulations and incentives, and growing public awareness about climate change.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Solar Photovoltaic (PV) Market size at USD 1.3 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa Solar Photovoltaic (PV) Market size to grow at a CAGR of 8.12% reaching a value of USD 2.08 billion by 2029. The South Africa Solar Photovoltaic (PV) Market is propelled by several key factors. Government initiatives promoting renewable energy, favorable solar conditions, increasing energy demand, and a growing emphasis on sustainable practices drive market growth. Regulatory support, including the Renewable Energy Independent Power Producer Procurement Program (REIPPPP), incentivizes solar projects. Rising awareness about environmental issues and the need for energy diversification further boost the adoption of solar PV technology. Also, advancements in technology and decreasing cost of solar PVs contribute to the market expansion, fostering a transition toward cleaner and more sustainable energy solutions in South Africa.

Opportunity – Government’s Supportive Initiatives to Propel Growth of Solar Photovoltaic (PV) Market

In a bid to curtail carbon emissions, governmental commitments worldwide drive the expansion of Solar Photovoltaic (PV) technology. Aggressive policies, incentives, and subsidies promote the adoption of solar energy, fostering a sustainable shift in power generation. Through mandates for renewable energy integration and financial support mechanisms, government incentivizes businesses and individuals to invest in solar PV installations, accelerating the transition to clean energy. This concerted effort not only diminishes carbon footprints but also catalyzes economic growth within the burgeoning solar industry, positioning solar PV as a pivotal player in the South Africa renewable energy landscape.

Impact of Escalating Geopolitical Tensions on South Africa Solar Photovoltaic (PV) Market

Escalating geopolitical tensions, particularly exemplified by the Russia-Ukraine war, have significantly impacted the South Africa Solar Photovoltaic (PV) market. The heightened uncertainties have led to increased volatility in the South Africa energy market, affecting investment sentiments and financing for solar projects in South Africa. With geopolitical unrest contributing to fluctuating commodity prices and economic uncertainties, the solar PV market faces challenges in securing funding and maintaining stable growth. Also, disruptions in the global supply chain, triggered by geopolitical tensions, have impacted the availability and cost of solar components, further hindering the development of solar projects in South Africa. Overall, these geopolitical dynamics have introduced complexities and risks that pose obstacles to the expansion and sustainability of the country's solar PV market.

South Africa Solar Photovoltaic (PV) Market – By End Use

By end use, South Africa Solar Photovoltaic (PV) Market is divided into Residential, Commercial & Industrial, and Utilities segments. The utilities segment is the largest, reflecting a significant focus on large-scale solar power generation for public services and infrastructure. The utilities segment plays a pivotal role in advancing the country's renewable energy goals, contributing to sustainable development, and reducing dependence on traditional energy sources. The emphasis on utility-scale solar projects underscores South Africa's commitment to harnessing solar energy for widespread economic and environmental benefits.

Competitive Landscape

South Africa Solar Photovoltaic (PV) Market is fiercely competitive. Major companies in the market include Canadian Solar Inc., JinkoSolar Holding Co. Ltd, Trina Solar Co. Ltd, ARTsolar (Pty) Ltd, SunPower Corporation, IBC Solar AG, Seraphim Solar System Co. Ltd, Engie SA, Enel SpA, and Renenergy South Africa Pty Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa Solar Photovoltaic (PV) Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Solar Photovoltaic (PV) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Solar Photovoltaic (PV) Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. South Africa Solar Photovoltaic (PV) Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rise in awareness toward environmental pollution
3.2.1.2. Implementation of government policies and incentive programs to promote renewable energy
3.2.2. Restraints
3.2.2.1. Lack of solar panel recycling infrastructure and facilities
3.2.2.2. Increasing competition from alternative renewable energy sources
3.2.3. Opportunities
3.2.3.1. Government initiatives toward reducing carbon footprints
3.2.3.2. Rise in investment toward renewable energy infrastructure
3.2.4. Challenges
3.2.4.1. Lack of skilled professionals
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. South Africa Solar Photovoltaic (PV) Market Overview
4.1. Market Grid Type & Forecast, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Technology
4.2.1.1. Crystalline Silicon
4.2.1.2. Thin Film
4.2.1.3. Others
4.2.2. By Grid Type
4.2.2.1. On-grid
4.2.2.2. Off-grid
4.2.3. By End Use
4.2.3.1. Residential
4.2.3.2. Commercial & Industrial
4.2.3.3. Utilities
4.2.4. By Installation Type
4.2.4.1. Ground Mounted
4.2.4.2. Rooftop
4.2.4.3. Others
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. South Africa Solar Photovoltaic (PV) Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Escalating Geopolitical Tensions on South Africa Solar Photovoltaic (PV) Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Canadian Solar Inc.
7.2. JinkoSolar Holding Co. Ltd
7.3. Trina Solar Co. Ltd
7.4. ARTsolar (Pty) Ltd
7.5. SunPower Corporation
7.6. IBC Solar AG
7.7. Seraphim Solar System Co. Ltd
7.8. Engie SA
7.9. Enel SpA
7.10. Renenergy South Africa Pty Ltd
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 South Africa Solar Photovoltaic (PV) Segmentation
Figure 2 South Africa Solar Photovoltaic (PV) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 South Africa Solar Photovoltaic (PV) Market, By Value (USD Billion), 2019–2029
Figure 5 South Africa Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029
Figure 6 South Africa Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029
Figure 7 South Africa Solar Photovoltaic (PV) Market Share, By End Use, By Value, 2019–2029
Figure 8 South Africa Solar Photovoltaic (PV) Market Share, By Installation Type, By Value, 2019–2029
List of Tables
Table 1 South Africa Solar Photovoltaic (PV) Market, By Value (USD Billion), 2019–2029
Table 2 South Africa Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029
Table 3 South Africa Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029
Table 4 South Africa Solar Photovoltaic (PV) Market Share, By End Use, By Value, 2019–2029
Table 5 South Africa Solar Photovoltaic (PV) Market Share, By Installation Type, By Value, 2019–2029
Table 6 Canadian Solar Inc. Company Overview
Table 7 Canadian Solar Inc. Financial Overview
Table 8 JinkoSolar Holding Co. Ltd Company Overview
Table 9 JinkoSolar Holding Co. Ltd Financial Overview
Table 10 Trina Solar Co. Ltd Company Overview
Table 11 Trina Solar Co. Ltd Financial Overview
Table 12 ARTsolar (Pty) Ltd Company Overview
Table 13 ARTsolar (Pty) Ltd Financial Overview
Table 14 SunPower Corporation Company Overview
Table 15 SunPower Corporation Financial Overview
Table 16 IBC Solar AG Company Overview
Table 17 IBC Solar AG Financial Overview
Table 18 Seraphim Solar System Co. Ltd Company Overview
Table 19 Seraphim Solar System Co. Ltd Financial Overview
Table 20 Engie SA Company Overview
Table 21 Engie SA Financial Overview
Table 22 Enel SpA Company Overview
Table 23 Enel SpA Financial Overview
Table 24 Renenergy South Africa Pty Ltd Company Overview
Table 25 Renenergy South Africa Pty Ltd Financial Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings