Solar Energy Market in South Africa 2024-2028

Solar Energy Market In South Africa 2024-2028


The solar energy market in South Africa is forecasted to grow by USD 3742.04 mn during 2023-2028, accelerating at a CAGR of 32.03% during the forecast period. The report on the solar energy market in South Africa provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by sunny climatic conditions, rising government support, and declining levelized cost of energy (LCoE) of solar power generation.

Technavio's solar energy market in South Africa is segmented as below:

By Application
  • Grid-connected
  • Off-grid
By End-user
  • Utility
  • Rooftop
By Technology
  • Photovoltaic systems
  • Concentrated solar power systems
By Geographical Landscape
  • Middle East and Africa
This study identifies the growing payg model as one of the prime reasons driving the solar energy market in South Africa growth during the next few years. Also, new developments in solar energy market in South Africa and scaling up renewables in transport will lead to sizable demand in the market.

The report on the solar energy market in South Africa covers the following areas:
  • Solar energy market in South Africa sizing
  • Solar energy market in South Africa forecast
  • Solar energy market in South Africa industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar energy market in South Africa vendors that include ARTsolar Pty Ltd, Canadian Solar Inc., Eaton Corp. Plc, Enel Spa, Ener G Africa, Energy Partners Solar Pty Ltd, ENGIE SA, FOXESS CO. LTD., Genergy, IBC SOLAR AG, Jetion Solar China Co. Ltd., Jiangsu Seraphim Solar System Co. Ltd., Jiangsu Zhongli Group Co. Ltd., JinkoSolar Holding Co. Ltd., Renenergy, Schneider Electric SE, Sharp Corp., Soventix GmbH, SunPower Corp., and Trina Solar Co. Ltd.. Also, the solar energy market in South Africa analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 13: Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 14: Chart on South Africa: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on South Africa: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Solar energy market in South Africa 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on solar energy market in south Africa 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 27: Chart on Application - Market share 2023-2028 (%)
Exhibit 28: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 29: Chart on Comparison by Application
Exhibit 30: Data Table on Comparison by Application
6.3 Grid-connected - Market size and forecast 2023-2028
Exhibit 31: Chart on Grid-connected - Market size and forecast 2023-2028 ($ million)
Exhibit 32: Data Table on Grid-connected - Market size and forecast 2023-2028 ($ million)
Exhibit 33: Chart on Grid-connected - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Grid-connected - Year-over-year growth 2023-2028 (%)
6.4 Off-grid - Market size and forecast 2023-2028
Exhibit 35: Chart on Off-grid - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Data Table on Off-grid - Market size and forecast 2023-2028 ($ million)
Exhibit 37: Chart on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 39: Market opportunity by Application ($ million)
Exhibit 40: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 41: Chart on End-user - Market share 2023-2028 (%)
Exhibit 42: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 43: Chart on Comparison by End-user
Exhibit 44: Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2023-2028
Exhibit 45: Chart on Utility - Market size and forecast 2023-2028 ($ million)
Exhibit 46: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Rooftop - Market size and forecast 2023-2028
Exhibit 49: Chart on Rooftop - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Data Table on Rooftop - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Chart on Rooftop - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Rooftop - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 53: Market opportunity by End-user ($ million)
Exhibit 54: Data Table on Market opportunity by End-user ($ million)
8 Market Segmentation by Technology
8.1 Market segments
Exhibit 55: Chart on Technology - Market share 2023-2028 (%)
Exhibit 56: Data Table on Technology - Market share 2023-2028 (%)
8.2 Comparison by Technology
Exhibit 57: Chart on Comparison by Technology
Exhibit 58: Data Table on Comparison by Technology
8.3 Photovoltaic systems - Market size and forecast 2023-2028
Exhibit 59: Chart on Photovoltaic systems - Market size and forecast 2023-2028 ($ million)
Exhibit 60: Data Table on Photovoltaic systems - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Chart on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
8.4 Concentrated solar power systems - Market size and forecast 2023-2028
Exhibit 63: Chart on Concentrated solar power systems - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on Concentrated solar power systems - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Technology
Exhibit 67: Market opportunity by Technology ($ million)
Exhibit 68: Data Table on Market opportunity by Technology ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 70: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 72: Overview on factors of disruption
11.4 Industry risks
Exhibit 73: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 74: Vendors covered
12.2 Market positioning of vendors
Exhibit 75: Matrix on vendor position and classification
12.3 ARTsolar Pty Ltd
Exhibit 76: ARTsolar Pty Ltd - Overview
Exhibit 77: ARTsolar Pty Ltd - Product / Service
Exhibit 78: ARTsolar Pty Ltd - Key offerings
12.4 Canadian Solar Inc.
Exhibit 79: Canadian Solar Inc. - Overview
Exhibit 80: Canadian Solar Inc. - Business segments
Exhibit 81: Canadian Solar Inc. - Key news
Exhibit 82: Canadian Solar Inc. - Key offerings
Exhibit 83: Canadian Solar Inc. - Segment focus
12.5 Enel Spa
Exhibit 84: Enel Spa - Overview
Exhibit 85: Enel Spa - Product / Service
Exhibit 86: Enel Spa - Key offerings
12.6 Energy Partners Solar Pty Ltd
Exhibit 87: Energy Partners Solar Pty Ltd - Overview
Exhibit 88: Energy Partners Solar Pty Ltd - Product / Service
Exhibit 89: Energy Partners Solar Pty Ltd - Key offerings
12.7 ENGIE SA
Exhibit 90: ENGIE SA - Overview
Exhibit 91: ENGIE SA - Business segments
Exhibit 92: ENGIE SA - Key offerings
Exhibit 93: ENGIE SA - Segment focus
12.8 Genergy
Exhibit 94: Genergy - Overview
Exhibit 95: Genergy - Product / Service
Exhibit 96: Genergy - Key offerings
12.9 IBC SOLAR AG
Exhibit 97: IBC SOLAR AG - Overview
Exhibit 98: IBC SOLAR AG - Product / Service
Exhibit 99: IBC SOLAR AG - Key offerings
12.10 Jetion Solar China Co. Ltd.
Exhibit 100: Jetion Solar China Co. Ltd. - Overview
Exhibit 101: Jetion Solar China Co. Ltd. - Product / Service
Exhibit 102: Jetion Solar China Co. Ltd. - Key offerings
12.11 Jiangsu Seraphim Solar System Co. Ltd.
Exhibit 103: Jiangsu Seraphim Solar System Co. Ltd. - Overview
Exhibit 104: Jiangsu Seraphim Solar System Co. Ltd. - Product / Service
Exhibit 105: Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
12.12 Jiangsu Zhongli Group Co. Ltd.
Exhibit 106: Jiangsu Zhongli Group Co. Ltd. - Overview
Exhibit 107: Jiangsu Zhongli Group Co. Ltd. - Product / Service
Exhibit 108: Jiangsu Zhongli Group Co. Ltd. - Key offerings
12.13 JinkoSolar Holding Co. Ltd.
Exhibit 109: JinkoSolar Holding Co. Ltd. - Overview
Exhibit 110: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibit 111: JinkoSolar Holding Co. Ltd. - Key offerings
12.14 Renenergy
Exhibit 112: Renenergy - Overview
Exhibit 113: Renenergy - Product / Service
Exhibit 114: Renenergy - Key offerings
12.15 Sharp Corp.
Exhibit 115: Sharp Corp. - Overview
Exhibit 116: Sharp Corp. - Business segments
Exhibit 117: Sharp Corp. - Key news
Exhibit 118: Sharp Corp. - Key offerings
Exhibit 119: Sharp Corp. - Segment focus
12.16 SunPower Corp.
Exhibit 120: SunPower Corp. - Overview
Exhibit 121: SunPower Corp. - Product / Service
Exhibit 122: SunPower Corp. - Key news
Exhibit 123: SunPower Corp. - Key offerings
12.17 Trina Solar Co. Ltd.
Exhibit 124: Trina Solar Co. Ltd. - Overview
Exhibit 125: Trina Solar Co. Ltd. - Product / Service
Exhibit 126: Trina Solar Co. Ltd. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 127: Inclusions checklist
Exhibit 128: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 129: Currency conversion rates for US$
13.4 Research methodology
Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources
13.5 List of abbreviations
Exhibit 133: List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Market Segmentation by Technology
Exhibits7: Executive Summary - Chart on Vendor Market Positioning
Exhibits8: Parent market
Exhibits9: Market Characteristics
Exhibits10: Offerings of vendors included in the market definition
Exhibits11: Market segments
Exhibits12: Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits13: Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits14: Chart on South Africa: Year-over-year growth 2023-2028 (%)
Exhibits15: Data Table on South Africa: Year-over-year growth 2023-2028 (%)
Exhibits16: Historic Market Size - Data Table on solar energy market in south Africa 2018 - 2022 ($ million)
Exhibits17: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Application - Market share 2023-2028 (%)
Exhibits28: Data Table on Application - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Application
Exhibits30: Data Table on Comparison by Application
Exhibits31: Chart on Grid-connected - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Grid-connected - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Grid-connected - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Grid-connected - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Off-grid - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Off-grid - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Application ($ million)
Exhibits40: Data Table on Market opportunity by Application ($ million)
Exhibits41: Chart on End-user - Market share 2023-2028 (%)
Exhibits42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by End-user
Exhibits44: Data Table on Comparison by End-user
Exhibits45: Chart on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits46: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits47: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Utility - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Rooftop - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Rooftop - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Rooftop - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Rooftop - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by End-user ($ million)
Exhibits54: Data Table on Market opportunity by End-user ($ million)
Exhibits55: Chart on Technology - Market share 2023-2028 (%)
Exhibits56: Data Table on Technology - Market share 2023-2028 (%)
Exhibits57: Chart on Comparison by Technology
Exhibits58: Data Table on Comparison by Technology
Exhibits59: Chart on Photovoltaic systems - Market size and forecast 2023-2028 ($ million)
Exhibits60: Data Table on Photovoltaic systems - Market size and forecast 2023-2028 ($ million)
Exhibits61: Chart on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
Exhibits62: Data Table on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
Exhibits63: Chart on Concentrated solar power systems - Market size and forecast 2023-2028 ($ million)
Exhibits64: Data Table on Concentrated solar power systems - Market size and forecast 2023-2028 ($ million)
Exhibits65: Chart on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
Exhibits66: Data Table on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
Exhibits67: Market opportunity by Technology ($ million)
Exhibits68: Data Table on Market opportunity by Technology ($ million)
Exhibits69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits70: Impact of drivers and challenges in 2023 and 2028
Exhibits71: Overview on Criticality of inputs and Factors of differentiation
Exhibits72: Overview on factors of disruption
Exhibits73: Impact of key risks on business
Exhibits74: Vendors covered
Exhibits75: Matrix on vendor position and classification
Exhibits76: ARTsolar Pty Ltd - Overview
Exhibits77: ARTsolar Pty Ltd - Product / Service
Exhibits78: ARTsolar Pty Ltd - Key offerings
Exhibits79: Canadian Solar Inc. - Overview
Exhibits80: Canadian Solar Inc. - Business segments
Exhibits81: Canadian Solar Inc. - Key news
Exhibits82: Canadian Solar Inc. - Key offerings
Exhibits83: Canadian Solar Inc. - Segment focus
Exhibits84: Enel Spa - Overview
Exhibits85: Enel Spa - Product / Service
Exhibits86: Enel Spa - Key offerings
Exhibits87: Energy Partners Solar Pty Ltd - Overview
Exhibits88: Energy Partners Solar Pty Ltd - Product / Service
Exhibits89: Energy Partners Solar Pty Ltd - Key offerings
Exhibits90: ENGIE SA - Overview
Exhibits91: ENGIE SA - Business segments
Exhibits92: ENGIE SA - Key offerings
Exhibits93: ENGIE SA - Segment focus
Exhibits94: Genergy - Overview
Exhibits95: Genergy - Product / Service
Exhibits96: Genergy - Key offerings
Exhibits97: IBC SOLAR AG - Overview
Exhibits98: IBC SOLAR AG - Product / Service
Exhibits99: IBC SOLAR AG - Key offerings
Exhibits100: Jetion Solar China Co. Ltd. - Overview
Exhibits101: Jetion Solar China Co. Ltd. - Product / Service
Exhibits102: Jetion Solar China Co. Ltd. - Key offerings
Exhibits103: Jiangsu Seraphim Solar System Co. Ltd. - Overview
Exhibits104: Jiangsu Seraphim Solar System Co. Ltd. - Product / Service
Exhibits105: Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
Exhibits106: Jiangsu Zhongli Group Co. Ltd. - Overview
Exhibits107: Jiangsu Zhongli Group Co. Ltd. - Product / Service
Exhibits108: Jiangsu Zhongli Group Co. Ltd. - Key offerings
Exhibits109: JinkoSolar Holding Co. Ltd. - Overview
Exhibits110: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibits111: JinkoSolar Holding Co. Ltd. - Key offerings
Exhibits112: Renenergy - Overview
Exhibits113: Renenergy - Product / Service
Exhibits114: Renenergy - Key offerings
Exhibits115: Sharp Corp. - Overview
Exhibits116: Sharp Corp. - Business segments
Exhibits117: Sharp Corp. - Key news
Exhibits118: Sharp Corp. - Key offerings
Exhibits119: Sharp Corp. - Segment focus
Exhibits120: SunPower Corp. - Overview
Exhibits121: SunPower Corp. - Product / Service
Exhibits122: SunPower Corp. - Key news
Exhibits123: SunPower Corp. - Key offerings
Exhibits124: Trina Solar Co. Ltd. - Overview
Exhibits125: Trina Solar Co. Ltd. - Product / Service
Exhibits126: Trina Solar Co. Ltd. - Key offerings
Exhibits127: Inclusions checklist
Exhibits128: Exclusions checklist
Exhibits129: Currency conversion rates for US$
Exhibits130: Research methodology
Exhibits131: Validation techniques employed for market sizing
Exhibits132: Information sources
Exhibits133: List of abbreviations

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