South Africa Rooftop Solar Market is Expected to be Dominated by the Crystalline Silicon Segment
The declining cost of solar
PV systems are the factors driving the market growth in the forecast period.
According to
TechSci Research report, “South Africa Rooftop Solar Market- By Region,
Competition, Forecast and Opportunities, 2028”, the South Africa rooftop
solar market is expected to grow at an impressive CAGR. The market is
anticipated to grow because of increasing usage renewable energy for the
creation of electricity and the abundance of solar energy available during the
day. End-user consumers can protect their investment in rooftop solar PV
systems from fluctuating electricity costs. Due to the cost of the electricity produced
by this photovoltaics can be easily quantified, end-use sectors can estimate
their electricity generation costs for another 10 years. Over the course of the
forecast, this tendency will have a favorable impact on the market environment.
Small-scale
rooftop solar PV systems are a crucial component of the market under
investigation, despite utility-scale solar PV projects in South Africa.
Additionally, the rooftop solar PV system provides households without
electricity the advantages of contemporary electricity services. As a result,
it aids in lowering the cost of electricity in distant areas and islands that
rely on oil-fired generating while also enabling homeowners and small companies
to produce their own electricity.
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South Africa rooftop
solar market is divided into technology, grid-type, end-user, and region. Based
on technology, the market is divided into thin film and crystalline silicon. Based
on grid-type, the market is divided into grid connected and off-grid. Based on end
use, the market is divided into residential, commercial, and industrial. Based
on region, the market is divided into Gauteng, KwaZulu-Natal, Western Cape,
Eastern Cape, Mpumalanga, Limpopo, Northwest, Free State, and Northern Cape.
Based on Technology,
the market is divided into Crystalline Silicon PV and Thin Film PV. With the
largest market share and projected significant growth over the foreseeable
period, the crystalline silicon PV industry now dominates the market. Crystalline
panels are the most common type of solar panel used in residential and
commercial applications due to their higher efficiency and reliability.
Based on end use,
the commercial and industrial segment are expected to dominate the market. More
than half of South Africa's rooftop solar installations are in the commercial
and industrial sectors. The development of innovative technology and supportive
policies are essential for the expansion of the business and industrial sector.
Instead of only considering rooftop solar systems with the grid serving as
storage (net/gross metering), South African authorities need to plan for
rooftop solar systems and storage.
In comparison to
the conventional grid supply and diesel generators, the combination produces
electricity more affordably. Due to affordability and the demand for
technology, the commercial and industrial sector in South Africa is anticipated
to experience considerable market expansion over the forecast period. Due to
being one of the largest energy consumers, the commercial and industrial sector
typically pays higher electricity expenses. The industry has the most
advantageous use profiles and stands to gain from the installation of rooftop
solar PV systems across substantial roof areas. In South Africa, an increasing
number of business properties choose to rent out their space with a permanent
roof. Through a long-term rental arrangement, the roofs in this case are made
profitable. The commercial property uses the energy produced, and any extra
energy is routed back to the grid for further distribution.
Key market players
in the South Africa rooftop solar
market are:
- GENERGY
- Valsa
Trading (Pty) Ltd
- Solareff
(Pty) Ltd
- JA
Solar Holdings
- ROMANO
SOLAR
- Sola
Group
- BrightBlack
Energy Pty Ltd
- Tasol
Solar
- Sunworx
Solar
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“South Africa is
one of the most industrialized countries in Africa and has one of the greatest
domestic mineral reserves in the world. Due to its capacity to deliver
dependable power to both rural and urban customers, scale up investments
through the entry of multiple investors, empower energy consumers, and enhance
their energy security while aiding utilities in addressing crucial transmission
and distribution losses, the rooftop solar market is one of the clean energy
sectors in South Africa that is expanding at the fastest rate. As technology
advances and more home appliances that use electricity become available, there
is an increasing demand for rooftop solar photovoltaic systems in residential
buildings to reduce a specific portion of the cost sustained by electricity.
Owing to these factors, the market is expanding in the future.” Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“South
Africa Rooftop Solar Market Segmented
By Technology (Thin Film, Crystalline Silicon), By Grid-type (Grid Connected,
Off-grid), By End-use (Residential, Commercial, and Industrial), By Region,
Competition, Forecast and Opportunities, 2028” has evaluated the future
growth potential of South Africa rooftop solar market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in South Africa rooftop solar market.
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