Crystalline Silicon PV segment is expected to dominate the South Africa Solar Photovoltaic (PV) Market in the forecast period

Growing awareness of less carbon emissions & increasing number of solar projects nationally are the factors fueling the South Africa Solar Photovoltaic (PV) Market expansion in the forecast period.

According to TechSci Research report, “South Africa Solar Photovoltaic (PV) Market - By Region, Competition Forecast and Opportunities, 2028,” the South Africa Solar Photovoltaic (PV) Market is expected to register a high CAGR in the forecast period. The market is growing since the nation is moving towards less carbon emission plan, due to which companies are investing in the Market.  For instance, in October 2021, the South African government procured about 13 ground-mounted solar projects in the fifth round of tenders for the Renewable Energy Independent Power Procurement Program (REIPPPP). The 13 ground-mounted solar projects have an output of 75 MW each and a total capacity of 975 MW. Also in 2022, Cennergi (Pty) Ltd announced that it has received approval from the South African National Energy Regulatory Authority (NERSA) to develop the 80MW Solar Project. Cennergi is developing a solar power project that can provide better energy security for mining operations in the country.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "South Africa Solar Photovoltaic (PV) Market.”

South Africa Solar Photovoltaic (PV) Market is divided into type, end user, grid type, deployment, region and competitive landscape. Based on Type, the market is segmented into Crystalline Silicon and Thin Film. Based on End User, the market is segmented into Residential, Commercial, and Industrial (C&I), and Utility. Based on Grid Type, the market is segmented into On-grid and Off-grid. By Deployment, the market is segmented into Ground-mounted and Rooftop. Based on region, the market is segmented into Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, Northwest, Free State, Northern Cape.

Based on Type, the market is segmented into Crystalline Silicon and Thin Film. Crystalline silicon PV modules are manufactured by combining crystalline silicon cells (c-Si) and are the most widely used photovoltaic technology and Crystalline silicon PV segment is expected to dominate in the forecast period. There are two types of silicon cells used in manufacturing crystalline silicon modules: Mono-crystalline silicon and Polycrystalline silicon. Usually, a monocrystalline panel contains 60 or 72 solar cells, depending on the size of the panel. Most residential installations use 60-cell monocrystalline silicon panels. These solar panels usually have the highest power capacity and efficiency out of all types of solar panels. The efficiencies of these panels can range from 17 to 22%

Based on End User, the market is segmented into Residential, Commercial, and Industrial (C&I), and Utility. However, during the forecast period, the residential sector's share is expected to increase due to lower costs of solar power generation and government-supported programs such as the National Solar Water Heater Program for the country's residential sector. In addition, the Department of Natural Resources and Energy will strengthen its national electrification program to bring electricity to as many parts of the country as possible, which will have a positive impact on the growth of the residential solar photovoltaic (PV) market in South Africa.

A photovoltaic (PV) module is a small-scale embedded power generation (SSEG) system that is mounted on the roof of a residential building and converts solar energy into usable electrical powers. An inverter then converts this from direct current (DC) to usable alternating current (AC). Owing to this the South Africa Solar Photovoltaic (PV) Market is anticipated to grow in the forecast period.

By Deployment, the market is segmented into Ground-mounted and Rooftop. Ground-mounted is expected to dominate the market, with the largest market share. The Ground-mounted system is usually used for large scale solar energy projects. The Photovoltaic array contains solar modules held in place by frames or racks attached to ground (earth) based   mounting support.

Key market players in the South Africa Solar Photovoltaic (PV) Market are:

• Canadian Solar South Africa (Pty) Ltd
• JinkoSolar Holding Co. Ltd
• JUWI Renewable Energies (Pty) Ltd
• Trina Solar Co. Ltd
• ARTsolar (Pty) Ltd
• SunPower Corporation
• IBC Solar AG
• Seraphim Solar System Co., Ltd
• Engie SA
• RenEnergy South Africa Pty Ltd
  
  

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” South Africa relies primarily on coal for its energy needs, resulting in high carbon emissions. For instance, according to the Energy Information Agency (EIA) and the Electricity Supply Board, in 2021 approximately 84.3% of the country's electricity was coal-generated. Additionally, the South African government has taken the lead in developing renewable energy from independent generators to reduce the country's reliance on coal-fired power plants and meet the growing demand for electricity. Owing to which the demand for Solar Photovoltaics (PV) is expanding day by day” Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“South Africa Solar Photovoltaic (PV) Market By Type (Crystalline Silicon and Thin Film), By End User (Residential, Commercial, and Industrial (C&I), and Utility), By Grid Type (On-grid and Off-grid), By Deployment (Ground-mounted and Rooftop), By Region, Competition Forecast and Opportunities, 2028F,” has evaluated the future growth potential of South Africa Solar Photovoltaic (PV) 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 Solar Photovoltaic (PV) Market.

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