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
By End-user
By Technology
- Photovoltaic systems
- Concentrated solar power systems
By Geographical Landscape
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.