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
- Utility
- Rooftop
- Photovoltaic systems
- Concentrated solar power systems
- Middle East and Africa
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 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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