South Africa Solar Energy Systems Market Segmented By Product Type (Solar Panels {Monocrystalline, Polycrystalline, Thin Film}, Solar Inverters {Central, String, Micro}, Solar Batteries {Lithium Ion, Lead Acid, Flow Battery}), By Service (New Installation, Maintenance & Repair), By End-Use (Commercial, Residential, Industrial, Agriculture), By Region, Competition, Forecast & Opportunities, 2028F

  • Industry : Power
  • Pages : 172
  • Published Date : June, 2023
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Summary

Report Description

South Africa Solar Energy Systems market was valued at USD 826.73 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.84%, owing to factors such as declining cost of solar PV installations, efforts to reduce over reliance on coal-based power plants, increasing awareness about net-zero emission plans, and favorable government initiatives.

Declining Cost of Solar PV Installations:

In South Africa, the cost of solar photovoltaic (PV) installations has been declining considerably over the past few years. According to the International Renewable Agency (IRENA), the average installed cost of utility-scale solar PV reached about USD 1,148 per kW in 2020 from USD 1,321 per kW in 2019, representing a 15% decline in the installation cost.

Among the utility-scale solar PV installation cost in South Africa, more than 40% of the price comes from the solar PV modules and inverters, while the balance of system (BoS) accounts for 34% of the total, and the remaining comes from the soft costs and installation cost.

The rapidly declining PV installed costs are primarily due to the steady improvement in solar PV technology, economies of scale and competitive supply chains. Such a scenario is likely to continue and increase the adoption of solar energy systems installation in the country during the forecast period.

The residential solar PV installation cost is also reducing significantly in South Africa. In 2020, the average installed cost of residential sector solar PV was USD 1,575 per kW, a sharp decline from around USD 3,145 per kW in 2015 and USD 1,864 in 2019. Hence, with such a scenario, along with the increasing electricity prices by ESKOM, the solar PV market in the country is opening a new wave of clean energy investment by households and commercial and industrial customers.

As of February 2022, the National Energy Regulator of South Africa (NERSA) has authorized the national power utility Eskom to increase its tariff by an average of 9.61% for the 2022/23 financial year. The tariff increase includes 3.49% for the 2022/23 year and legacy decisions from previous years, bringing it to 9.61%. Such a rise in electricity tariff and a parallel decline in the cost of residential solar PV makes installing solar PV a better option for consumers in the coming years in South Africa.

Thus, owing to the above-mentioned points, the declining cost of solar PV installation in South Africa is expected to drive the South Africa Solar Energy Systems market during the forecast period.


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Efforts To Reduce Over Reliance on Coal-Based Power Plants:

South Africa is the seventh-largest producer of coal in the world, and its thermal power plants are mostly dependent on coal. Nearly 82% of the total installed capacity and 76% of the whole energy production in 2021, will come from coal-based thermal power plants. With 15 operating power plants and a net installed capacity of about 39.3 GW as of 2021, South Africa is ranked as the 11th greatest greenhouse gas emitter in the world.

Nevertheless, South Africa has a large domestic coal deposits but has a severe electrical crisis. The Council for Scientific and Industrial Research (CSIR) estimates that load shedding occurred for 1,169 hours in 2021, with an upper limit of 2,521 GWh in comparison to the 1,775 GWh of actual energy shed.

The national power utility ESKOM, which owns and operates the older coal-based thermal power facilities, has been primarily responsible for the energy crisis. The fleet of power plants owned by ESKOM had an average Equivalent Availability Factor (EAF) of 61.8% in 2021, down from 65% in 2020.

The scheduled Capability Loss Factor (PCLF) for ESKOM's coal-fired fleet was 10.4%, the unanticipated Capability Loss Factor (UCLF) for unexpected outages was 24.6% and OCLF, or Other Capability Loss Factor, was 2.9%. The age of ESKOM's fleet of coal-fired power plants is mostly to blame for such high plant loss factor values. The average age of ESKOM's coal-powered fleet, excluding the recently constructed Medupi and Kusile plants, is 41 years, which is considerably greater.

These power plants are extremely sensitive to outages because of their old age, and require frequent maintenance, which raises operating expenses. Additionally, the manufacturing of power is more environmentally damaging and produces a lot more greenhouse emissions. ESKOM estimates that upgrading the utility's ageing coal-fired fleet to meet minimal emissions regulations will cost about ZAR 300 billion (USD 15.69 billion).

The issue has been recognized by the government and ESKOM. The state-owned utility has developed a plan to address rising energy demand and offer affordable power after realizing the unviability of operating an ageing coal-fired fleet in the face of expanding demand.

ESKOM established the Just Energy Transition (JET) strategy as part of the Integrated Resource Plan, which was last revised in 2019, to hasten the repurposing and repowering of its power plants and actively pursue a stake in the allocation of renewable energy. According to this plan, ESKOM said in August 2021 that it intended to shut down 8–12 GW of its coal-fired fleet by 2030.

Additionally, the 1 GW Komati Power Plant in October 2022 is closed and is replaced it with a renewable energy complex consisting of a 500kW agri-voltaic plant, a fabrication factory, and a micro grid assembly, supported by 244MWh of battery storage capacity. This is expected to provide a blueprint for the decommissioning of other coal power plants, such as the Grootvlei (1.2GW), Hendrina (2GW), and Camden (1.56GW) power stations.

Moreover, the IRP included plans to add 1.5 GW of new coal-fired capacity by 2020, to smoothen the energy transition. However, in November 2021, South Africa’s energy regulator and energy minister were sued by environmental activists over the plans to add new coal-fired capacity and power stations. Such instances elucidate that the expansion of South Africa’s existing coal-fired fleet is a contentious issue and will have limited public support during the forecast period.

Due to the country's present energy crisis, steady growth in power consumption is anticipated during the predicted period. In order to make up for the discharged capacity and meet the rising demand for energy, the government of South Africa must balance the withdrawing of its coal-fired power with new renewable capacity increases. To refocus its operations on the production of renewable energy and the mitigation of emissions, the national power company ESKOM is also attempting to reform its organizational capacities. During the forecast period, these initiatives are anticipated to boost the possibilities for renewable energy sources like solar energy while also increasing the demand for solar energy systems.

Increasing Awareness about Net-Zero Emission Plan:

Solar energy is a safe and environmentally friendly substitute for fossil fuels that can lower greenhouse gas emissions, reduce the effects of climate change, provide energy security, and enhance consumers’ standard of life. South Africa produces 40% of the continent's CO2 emissions and has the largest carbon footprint in Africa. Due to this, the government is focusing on decarbonization methods. For instance, to support South Africa's decarbonization efforts to achieve net-zero emissions by 2050, the government of South Africa launched a new, ambitious, and long-term collaboration in November 2021, called the Just Energy Transition cooperation. These initiatives are expected to boost the market for solar energy systems over the next years and increase the prospects for renewable energy sources like solar energy.

Favorable Government Initiatives:

In order to encourage Independent Power Producers (IPP) to finance grid-connected renewable energy projects across the nation, the South African government established the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The first window opened in November 2011, and by bid window 4, there were about 6,327 MW of installed renewable energy, including 2,292 MW of solar PV. Later in October 2021, the chosen bidders for bid window 5 were revealed. This list included 13 solar PV projects with a combined capacity of 975 MW.

Furthermore, according to the IRP for 2019, the government expects to provide a total of 1000 MW worth of solar PV systems annually, between 2022 and 2030, owing to which, the requirement of the solar energy systems is anticipated to grow in South Africa over the next few years.

Increasing Competition from Onshore Wind Energy

In South Africa, the increasing developments in the wind power sector are likely to restrain the growth of the South Africa solar energy systems market during the forecast period. On the other hand, other renewable power sources such as hydro and bioenergy have comparatively slower growth than the wind energy sector.

The country has witnessed considerable developments in the wind energy sector for the past few years. According to the Department of Mineral Resources and Energy in South Africa, the total onshore wind energy installed capacity at the end of 2021 was about 3.03 GW, which is an increase of 23% compared to 2.51 GW in 2020.

Furthermore, the country aims to have 11.5 GW of onshore wind capacity by 2030. In August 2021, the South African electricity public utility Eskom Holdings announced its plan to invest ZAR 106 billion (USD 7.2 billion), in renewable technology, including onshore wind power technology, by 2030. Such initiatives are likely to see massive deployment of onshore wind power projects in the country, restraining the growth of solar energy systems in the coming years.

Moreover, in April 2022, South Africa’s Department of Mineral Resources and Energy (DMRE) launched the opening of the Bid Window 6 (BW6) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The DMRE invited interested parties to submit bids by August 2022. The launch of the sixth bidding round is expected to see 2.6 GW worth of renewable projects, including 1.6 GW of wind.

Thus, the rising competition from alternative clean energy sources such as onshore wind energy projects, in diversifying the renewable power sector, is expected to restrain the growth of the solar energy systems market during the forecast period.

Market Segmentation

South Africa Solar Energy Systems market is divided into product type, type of solar panel, type of solar battery, type of solar inverter, service, end-use and region. Based on product type, the market is segmented into solar panels, solar inverters, and solar batteries. Based on the type of solar panel, the market is segmented into monocrystalline, polycrystalline, and thin film. Based on the type of solar battery, the market is segmented into lithium ion, lead acid, and flow battery. Based on the type of solar inverter, the market is segmented into central, string, micro. Based on service, the market is segmented into new installation and maintenance & repair. Based on end user, the market is segmented into commercial, residential, industrial, and agriculture. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North-West, Free State, and Northern Cape.

Company Profiles

Jinko Solar Co., Ltd., Trina Photovoltaic South Africa Ltd., Canadian Solar South Africa (Pty) Ltd, ARTsolar (Pty) Ltd, Ginlong (Solis) Technologies Co. Ltd, Seraphim Solar, iG3N (Pty) Ltd, IBC SOLAR South Africa (Pty) Ltd, First National Battery, Lento Industries Pvt. Ltd. are among the major players that are driving the growth of the South Africa Solar Energy Systems market.

Attribute

Details

Market Size Value in 2022

826.73 million

Revenue Forecast in 2028

1931.96 million

Growth Rate

15.84%

Base Year

2022

Historical Years

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

Type of Solar Panel

Type of Solar Battery

Type of Solar Inverter

Service

End-Use

Region

Regional Scope

Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North-West, Free State, Northern Cape

Key Companies Profiled

Jinko Solar Co., Ltd., Trina Photovoltaic South Africa Ltd., Canadian Solar South Africa (Pty) Ltd, ARTsolar (Pty) Ltd, Ginlong (Solis) Technologies Co. Ltd, Seraphim Solar, iG3N (Pty) Ltd, IBC SOLAR South Africa (Pty) Ltd, First National Battery, Lento Industries Pvt. Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the South Africa Solar Energy Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

South Africa Solar Energy Systems Market, By Product Type:

o Solar Panels

  • Monocrystalline
  • Polycrystalline
  • Thin Film

o Solar Battery

  • Lithium Ion
  • Lead Acid
  • Flow Battery

o Solar Inverters

  • Central
  • String
  • Micro

South Africa Solar Energy Systems Market, By Service:

o New Installation

o Maintenance & Repair

South Africa Solar Energy Systems Market, By End-Use:

o Commercial

o Residential

o Industrial

o Agriculture

South Africa Solar Energy Systems Market, By Region:

o   Gauteng

o   KwaZulu-Natal

o   Western Cape

o   Eastern Cape

o   Mpumalanga

o   Limpopo

o   North-West

o   Free State

o   Northern Cape

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the South Africa Solar Energy Systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.          Markets Covered

1.2.2.          Years Considered for Study

1.2.3.          Key Market Segmentations

1.3.  Product Definition

1.3.1.          By Product Type

1.3.1.1.  By Type of Solar Panel

1.3.1.2.  By Type of Solar Battery

1.3.1.3.  By Type of Solar Inverter

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.2.1.          Methodology Followed for Calculation of Market Size

2.2.2.          Methodology Followed for Calculation of Market Share

2.2.3.          Methodology Followed for Forecasting

2.3.  Partial List of Companies Interviewed

2.4.  Partial List of Secondary Sources

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Key Factors Considered While Selecting Manufacturers

4.3.  Key Satisfaction Level

5.    South Africa Solar Energy Systems Market Outlook

5.1.  Market Size & Forecast

5.1.1.          By Value

5.2.  Market Share & Forecast

5.2.1.          By Product Type (Solar Panels, Solar Inverters, Solar Batteries)

5.2.1.1.               By Type of Solar Panel (Monocrystalline, Polycrystalline, Thin Film)

5.2.1.2.               By Type of Solar Battery (Lithium Ion, Lead Acid, Flow Battery)

5.2.1.3.               By Type of Solar Inverter (Central, String, Micro)

5.2.2.          By Service (New Installation, Maintenance & Repair)

5.2.3.          By End-Use (Commercial, Residential, Industrial, Agriculture)

5.2.4.          By Region (Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North West, Free State, Northern Cape)

5.2.5.          By Company (2022)

5.3.  By Company (2023)

5.4.  Market Map (By Product Type, By Type of Solar Panel, By Type of Solar Battery, By Type of Solar Inverter, By Service, By End-Use, By Region)

6.    Gauteng Solar Energy Systems Market Outlook

6.1.  Market Size & Forecast

6.1.1.          By Value

6.2.  Market Share & Forecast

6.2.1.          By Product Type

6.2.1.1.             By Type of Solar Panel

6.2.1.2.             By Type of Solar Battery

6.2.1.3.             By Type of Solar Inverter

6.2.2.          By Service

6.2.3.          By End-Use

7.    Western Solar Energy Systems Market Outlook

7.1.  Market Size & Forecast

7.1.1.          By Value

7.2.  Market Share & Forecast

7.2.1.          By Product Type

7.2.1.1.             By Type of Solar Panel

7.2.1.2.             By Type of Solar Battery

7.2.1.3.             By Type of Solar Inverter

7.2.2.          By Service

7.2.3.          By End-Use

8.    Northern Cape Solar Energy Systems Market Outlook

8.1.  Market Size & Forecast

8.1.1.          By Value

8.2.  Market Share & Forecast

8.2.1.          By Product Type

8.2.1.1.             By Type of Solar Panel

8.2.1.2.             By Type of Solar Battery

8.2.1.3.             By Type of Solar Inverter

8.2.2.          By Service

8.2.3.          By End-Use

9.    KwaZulu-Natal Solar Energy Systems Market Outlook

9.1.  Market Size & Forecast

9.1.1.          By Value

9.2.  Market Share & Forecast

9.2.1.          By Product Type

9.2.1.1.             By Type of Solar Panel

9.2.1.2.             By Type of Solar Battery

9.2.1.3.             By Type of Solar Inverter

9.2.2.          By Service

9.2.3.          By End-Use

10. Eastern Cape Solar Energy Systems Market Outlook

10.1.             Market Size & Forecast

10.1.1.        By Value

10.2.             Market Share & Forecast

10.2.1.        By Product Type

10.2.1.1.          By Type of Solar Panel

10.2.1.2.          By Type of Solar Battery

10.2.1.3.          By Type of Solar Inverter

10.2.2.        By Service

10.2.3.        By End-Use

11. Free State Solar Energy Systems Market Outlook

11.1.             Market Size & Forecast

11.1.1.        By Value

11.2.             Market Share & Forecast

11.2.1.        By Product Type

11.2.1.1.          By Type of Solar Panel

11.2.1.2.          By Type of Solar Battery

11.2.1.3.          By Type of Solar Inverter

11.2.2.        By Service

11.2.3.        By End-Use

12. North West Solar Energy Systems Market Outlook

12.1.             Market Size & Forecast

12.1.1.        By Value

12.2.             Market Share & Forecast

12.2.1.        By Product Type

12.2.1.1.          By Type of Solar Panel

12.2.1.2.          By Type of Solar Battery

12.2.1.3.          By Type of Solar Inverter

12.2.2.        By Service

12.2.3.        By End-Use

13. Mpumalanga Solar Energy Systems Market Outlook

13.1.             Market Size & Forecast

13.1.1.        By Value

13.2.             Market Share & Forecast

13.2.1.        By Product Type

13.2.1.1.          By Type of Solar Panel

13.2.1.2.          By Type of Solar Battery

13.2.1.3.          By Type of Solar Inverter

13.2.2.        By Service

13.2.3.        By End-Use

14. Limpopo Solar Energy Systems Market Outlook

14.1.             Market Size & Forecast

14.1.1.        By Value

14.2.             Market Share & Forecast

14.2.1.        By Product Type

14.2.1.1.          By Type of Solar Panel

14.2.1.2.          By Type of Solar Battery

14.2.1.3.          By Type of Solar Inverter

14.2.2.        By Service

14.2.3.        By End-Use

15. Market Dynamics

15.1.             Drivers

15.2.             Challenges

16. Market Trends and Developments

17. South Africa Renewable Energy Outlook

18. Policy and Regulatory Landscape

19. South Africa Economic Profile

20. Company Profiles

20.1.             Canadian Solar South Africa (Pty) Ltd.

20.1.1.        Business Overview

20.1.2.        Key Financials & Revenue

20.1.3.        Key Products

20.1.4.        Key Personnel/Contact Person

20.1.5.        Headquarters Address

20.2.             Seraphim Solar System Co. Ltd. System

20.2.1.        Business Overview

20.2.2.        Key Products

20.2.3.        Key Personnel/Contact Person

20.2.4.        Headquarters Address

20.3.             iG3N (Pty) Ltd

20.3.1.        Business Overview

20.3.2.        Key Financials & Revenue

20.3.3.        Key Products

20.3.4.        Key Personnel/Contact Person

20.3.5.        Headquarters Address

20.4.             IBC SOLAR South Africa (Pty) Ltd

20.4.1.        Business Overview

20.4.2.        Key Products

20.4.3.        Key Personnel/Contact Person

20.4.4.        Headquarters Address

20.5.             First National Battery

20.5.1.        Business Overview

20.5.2.        Key Financials & Revenue

20.5.3.        Key Products

20.5.4.        Key Personnel/Contact Person

20.5.5.        Headquarters Address

20.6.             ARTsoar (Pty) Ltd

20.6.1.        Business Overview

20.6.2.        Key Financials & Revenue

20.6.3.        Key Products

20.6.4.        Key Personnel/Contact Person

20.6.5.        Headquarters Address

20.7.             Trina Photovoltaic South Africa Ltd.

20.7.1.        Business Overview

20.7.2.        Key Products

20.7.3.        Key Personnel/Contact Person

20.7.4.        Headquarters Address

20.8.             Jinko Solar Co., Ltd.

20.8.1.        Business Overview

20.8.2.        Key Products

20.8.3.        Key Personnel/Contact Person

20.8.4.        Headquarters Address

20.9.             Ginlong (Solis) Technologies Co. Ltd

20.9.1.        Business Overview

20.9.2.        Key Products

20.9.3.        Key Personnel/Contact Person

20.9.4.        Headquarters Address

20.10.          Lento Industries Pvt. Ltd.

20.10.1.     Business Overview

20.10.2.     Key Financials & Revenue

20.10.3.     Key Products

20.10.4.     Key Personnel/Contact Person

20.10.5.     Headquarters Address

21. Strategic Recommendations

22. About Us & Disclaimer

Figures and Tables

Figure 1: South Africa Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 2: South Africa Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 3: South Africa Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 4: South Africa Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 5: South Africa Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 6: South Africa Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 7: South Africa Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 8: South Africa Solar Energy Systems Market Share, By Region, By Value, 2018-2028F

Figure 9: South Africa Solar Energy Systems Market Share, By Company, By Value, 2022

Figure 10: South Africa Solar Energy Systems Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%)

Figure 11: South Africa Solar Energy Systems Market Map, By Type of Solar Panel, Market Size (USD Million) & Growth Rate (%)

Figure 12: South Africa Solar Energy Systems Market Map, By Type of Solar Battery, Market Size (USD Million) & Growth Rate (%)

Figure 13: South Africa Solar Energy Systems Market Map, By Type of Solar Inverter, Market Size (USD Million) & Growth Rate (%)

Figure 14: South Africa Solar Energy Systems Market Map, By Service, Market Size (USD Million) & Growth Rate (%)

Figure 15: South Africa Solar Energy Systems Market Map, By End-Use, Market Size (USD Million) & Growth Rate (%)

Figure 16: South Africa Solar Energy Systems Market Map, By Region, Market Size (USD Million) & Growth Rate (%)

Figure 17: Gauteng Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 18: Gauteng Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 19: Gauteng Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 20: Gauteng Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 21: Gauteng Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 22: Gauteng Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 23: Gauteng Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 24: Western Cape Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 25: Western Cape Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 26: Western Cape Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 27: Western Cape Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 28: Western Cape Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 29: Western Cape Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 30: Western Cape Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 31: Northern Cape Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 32: Northern Cape Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 33: Northern Cape Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 34: Northern Cape Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 35: Northern Cape Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 36: Northern Cape Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 37: Northern Cape Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 38: KwaZulu-Natal Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 39: KwaZulu-Natal Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 40: KwaZulu-Natal Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 41: KwaZulu-Natal Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 42: KwaZulu-Natal Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 43: KwaZulu-Natal Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 44: KwaZulu-Natal Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 45: Eastern Cape Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 46: Eastern Cape Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 47: Eastern Cape Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 48: Eastern Cape Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 49: Eastern Cape Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 50: Eastern Cape Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 51: Eastern Cape Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 52: Free State Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 53: Free State Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 54: Free State Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 55: Free State Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 56: Free State Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 57: Free State Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 58: Free State Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 59: North West Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 60: North West Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 61: North West Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 62: North West Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 63: North West Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 64: North West Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 65: North West Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 66: Mpumalanga Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 67: Mpumalanga Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 68: Mpumalanga Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 69: Mpumalanga Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 70: Mpumalanga Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 71: Mpumalanga Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 72: Mpumalanga Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Figure 73: Limpopo Solar Energy Systems Market Size, By Value (USD Million), 2018-2028F

Figure 74: Limpopo Solar Energy Systems Market Share, By Product Type, By Value, 2018-2028F

Figure 75: Limpopo Solar Energy Systems Market Share, By Type of Solar Panel, By Value, 2018-2028F

Figure 76: Limpopo Solar Energy Systems Market Share, By Type of Solar Battery, By Value, 2018-2028F

Figure 77: Limpopo Solar Energy Systems Market Share, By Type of Solar Inverter, By Value, 2018-2028F

Figure 78: Limpopo Solar Energy Systems Market Share, By Service, By Value, 2018-2028F

Figure 79: Limpopo Solar Energy Systems Market Share, By End-Use, By Value, 2018-2028F

Frequently asked questions

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The market size of the South Africa Solar Energy Systems market was estimated to be USD 826.73 million, in 2022.

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Surge in LNG import and high cost of solar PV installation are the two major challenges of the South Africa solar energy systems market.

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In 2022, the Gauteng region accounted for the largest market share of 35.96% in the South Africa Solar Energy Systems market because Gauteng government introduced a solar panel incentive programme that gives refunds of up to 30% off the price of solar panels. This programme is anticipated to increase Gauteng's demand for solar panels system.

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Increasing awareness about net-zero emission plan, reduction in cost of solar PV, and reduction in over reliance on coal-based power plants are the major drivers of the South Africa solar energy systems market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

South Africa Solar Energy Systems Market to Grow at a CAGR of 15.84% during the Forecast period 2024-2028

Jun, 2023

Increasing awareness about net-zero emission plan and electrification in rural and remote areas are likely to propel the demand in the South Africa Solar Energy Systems market.

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