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Solar Energy Market in South Africa 2025-2029

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    Report

  • 142 Pages
  • December 2024
  • Region: South Africa
  • TechNavio
  • ID: 5546047
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The solar energy market is forecasted to grow by USD 5.45 billion during 2024-2029, accelerating at a CAGR of 38% during the forecast period. The report on the solar energy market 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.

The solar energy market is segmented as below:

By Application

  • Grid-connected
  • Off-grid

By End-user

  • Utility
  • Rooftop

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 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 covers the following areas:

  • Solar Energy Market sizing
  • Solar Energy Market forecast
  • Solar Energy Market industry analysis
A robust vendor analysis within the report 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 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 Ltd, Schneider Electric SE, Sharp Corp., Soventix GmbH, SunPower Corp., and Trina Solar Co. Ltd. Also, the solar energy market 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on South Africa - Market size and forecast 2024-2029 ($ million)
Data Table on South Africa - Market size and forecast 2024-2029 ($ million)
Chart on South Africa: Year-over-year growth 2024-2029 (%)
Data Table on South Africa: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Solar Energy Market in South Africa 2019 - 2023
Historic Market Size - Data Table on Solar Energy Market in South Africa 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 AI impact on Solar Energy Market in South Africa
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Grid-connected - Market size and forecast 2024-2029
Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
8.4 Off-grid - Market size and forecast 2024-2029
Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Utility - Market size and forecast 2024-2029
Chart on Utility - Market size and forecast 2024-2029 ($ million)
Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Chart on Utility - Year-over-year growth 2024-2029 (%)
Data Table on Utility - Year-over-year growth 2024-2029 (%)
9.4 Rooftop - Market size and forecast 2024-2029
Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 ARTsolar Pty Ltd
ARTsolar Pty Ltd - Overview
ARTsolar Pty Ltd - Product / Service
ARTsolar Pty Ltd - Key offerings
SWOT
13.5 Canadian Solar Inc.
Canadian Solar Inc. - Overview
Canadian Solar Inc. - Business segments
Canadian Solar Inc. - Key news
Canadian Solar Inc. - Key offerings
Canadian Solar Inc. - Segment focus
SWOT
13.6 Enel Spa
Enel Spa - Overview
Enel Spa - Product / Service
Enel Spa - Key news
Enel Spa - Key offerings
SWOT
13.7 Energy Partners Solar Pty Ltd
Energy Partners Solar Pty Ltd - Overview
Energy Partners Solar Pty Ltd - Product / Service
Energy Partners Solar Pty Ltd - Key offerings
SWOT
13.8 ENGIE SA
ENGIE SA - Overview
ENGIE SA - Business segments
ENGIE SA - Key offerings
ENGIE SA - Segment focus
SWOT
13.9 Genergy
Genergy - Overview
Genergy - Product / Service
Genergy - Key offerings
SWOT
13.10 IBC SOLAR AG
IBC SOLAR AG - Overview
IBC SOLAR AG - Product / Service
IBC SOLAR AG - Key offerings
SWOT
13.11 Jetion Solar China Co. Ltd.
Jetion Solar China Co. Ltd. - Overview
Jetion Solar China Co. Ltd. - Product / Service
Jetion Solar China Co. Ltd. - Key offerings
SWOT
13.12 Jiangsu Seraphim Solar System Co. Ltd.
Jiangsu Seraphim Solar System Co. Ltd. - Overview
Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
SWOT
13.13 Jiangsu Zhongli Group Co. Ltd.
Jiangsu Zhongli Group Co. Ltd. - Overview
Jiangsu Zhongli Group Co. Ltd. - Product / Service
Jiangsu Zhongli Group Co. Ltd. - Key offerings
SWOT
13.14 JinkoSolar Holding Co. Ltd.
JinkoSolar Holding Co. Ltd. - Overview
JinkoSolar Holding Co. Ltd. - Product / Service
JinkoSolar Holding Co. Ltd. - Key news
JinkoSolar Holding Co. Ltd. - Key offerings
SWOT
13.15 Renenergy Ltd
Renenergy Ltd - Overview
Renenergy Ltd - Product / Service
Renenergy Ltd - Key offerings
SWOT
13.16 Sharp Corp.
Sharp Corp. - Overview
Sharp Corp. - Business segments
Sharp Corp. - Key news
Sharp Corp. - Key offerings
Sharp Corp. - Segment focus
SWOT
13.17 SunPower Corp.
SunPower Corp. - Overview
SunPower Corp. - Product / Service
SunPower Corp. - Key news
SunPower Corp. - Key offerings
SWOT
13.18 Trina Solar Co. Ltd.
Trina Solar Co. Ltd. - Overview
Trina Solar Co. Ltd. - Product / Service
Trina Solar Co. Ltd. - Key news
Trina Solar Co. Ltd. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on South Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 18: Data Table on South Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 19: Chart on South Africa: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on South Africa: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Solar Energy Market in South Africa 2019 - 2023 ($ million)
Exhibits 22: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 23: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Application - Market share 2024-2029 (%)
Exhibits 32: Data Table on Application - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Application
Exhibits 34: Data Table on Comparison by Application
Exhibits 35: Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits 36: Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits 37: Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 40: Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Application ($ million)
Exhibits 44: Data Table on Market opportunity by Application ($ million)
Exhibits 45: Chart on End-user - Market share 2024-2029 (%)
Exhibits 46: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 51: Chart on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits 54: Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits 55: Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits 57: Market opportunity by End-user ($ million)
Exhibits 58: Data Table on Market opportunity by End-user ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2024 and 2029
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Company ranking index
Exhibits 66: Matrix on companies position and classification
Exhibits 67: ARTsolar Pty Ltd - Overview
Exhibits 68: ARTsolar Pty Ltd - Product / Service
Exhibits 69: ARTsolar Pty Ltd - Key offerings
Exhibits 70: SWOT
Exhibits 71: Canadian Solar Inc. - Overview
Exhibits 72: Canadian Solar Inc. - Business segments
Exhibits 73: Canadian Solar Inc. - Key news
Exhibits 74: Canadian Solar Inc. - Key offerings
Exhibits 75: Canadian Solar Inc. - Segment focus
Exhibits 76: SWOT
Exhibits 77: Enel Spa - Overview
Exhibits 78: Enel Spa - Product / Service
Exhibits 79: Enel Spa - Key news
Exhibits 80: Enel Spa - Key offerings
Exhibits 81: SWOT
Exhibits 82: Energy Partners Solar Pty Ltd - Overview
Exhibits 83: Energy Partners Solar Pty Ltd - Product / Service
Exhibits 84: Energy Partners Solar Pty Ltd - Key offerings
Exhibits 85: SWOT
Exhibits 86: ENGIE SA - Overview
Exhibits 87: ENGIE SA - Business segments
Exhibits 88: ENGIE SA - Key offerings
Exhibits 89: ENGIE SA - Segment focus
Exhibits 90: SWOT
Exhibits 91: Genergy - Overview
Exhibits 92: Genergy - Product / Service
Exhibits 93: Genergy - Key offerings
Exhibits 94: SWOT
Exhibits 95: IBC SOLAR AG - Overview
Exhibits 96: IBC SOLAR AG - Product / Service
Exhibits 97: IBC SOLAR AG - Key offerings
Exhibits 98: SWOT
Exhibits 99: Jetion Solar China Co. Ltd. - Overview
Exhibits 100: Jetion Solar China Co. Ltd. - Product / Service
Exhibits 101: Jetion Solar China Co. Ltd. - Key offerings
Exhibits 102: SWOT
Exhibits 103: Jiangsu Seraphim Solar System Co. Ltd. - Overview
Exhibits 104: Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
Exhibits 105: SWOT
Exhibits 106: Jiangsu Zhongli Group Co. Ltd. - Overview
Exhibits 107: Jiangsu Zhongli Group Co. Ltd. - Product / Service
Exhibits 108: Jiangsu Zhongli Group Co. Ltd. - Key offerings
Exhibits 109: SWOT
Exhibits 110: JinkoSolar Holding Co. Ltd. - Overview
Exhibits 111: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibits 112: JinkoSolar Holding Co. Ltd. - Key news
Exhibits 113: JinkoSolar Holding Co. Ltd. - Key offerings
Exhibits 114: SWOT
Exhibits 115: Renenergy Ltd - Overview
Exhibits 116: Renenergy Ltd - Product / Service
Exhibits 117: Renenergy Ltd - Key offerings
Exhibits 118: SWOT
Exhibits 119: Sharp Corp. - Overview
Exhibits 120: Sharp Corp. - Business segments
Exhibits 121: Sharp Corp. - Key news
Exhibits 122: Sharp Corp. - Key offerings
Exhibits 123: Sharp Corp. - Segment focus
Exhibits 124: SWOT
Exhibits 125: SunPower Corp. - Overview
Exhibits 126: SunPower Corp. - Product / Service
Exhibits 127: SunPower Corp. - Key news
Exhibits 128: SunPower Corp. - Key offerings
Exhibits 129: SWOT
Exhibits 130: Trina Solar Co. Ltd. - Overview
Exhibits 131: Trina Solar Co. Ltd. - Product / Service
Exhibits 132: Trina Solar Co. Ltd. - Key news
Exhibits 133: Trina Solar Co. Ltd. - Key offerings
Exhibits 134: SWOT
Exhibits 135: Inclusions checklist
Exhibits 136: Exclusions checklist
Exhibits 137: Currency conversion rates for US$
Exhibits 138: Research methodology
Exhibits 139: Information sources
Exhibits 140: Data validation
Exhibits 141: Validation techniques employed for market sizing
Exhibits 142: Data synthesis
Exhibits 143: 360 degree market analysis
Exhibits 144: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the solar energy market: 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 Ltd, Schneider Electric SE, Sharp Corp., Soventix GmbH, SunPower Corp., and Trina Solar Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing payg model."

According to the report, one of the major drivers for this market is the sunny climatic conditions.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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 Ltd
  • Schneider Electric SE
  • Sharp Corp.
  • Soventix GmbH
  • SunPower Corp.
  • Trina Solar Co. Ltd.