Market Size of South Africa Distributed Solar Energy Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.89 gigawatt |
| Market Volume (2029) | 1.92 gigawatt |
| CAGR (2024 - 2029) | 16.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Distributed Solar Energy Market Analysis
The South Africa Distributed Solar Energy Market size is estimated at 0.89 gigawatt in 2024, and is expected to reach 1.92 gigawatt by 2029, growing at a CAGR of 16.70% during the forecast period (2024-2029).
- Over the medium term, factors such as supporting government policies such as the Renewable Energy Independent Power Producer Procurement Program and increasing investments in renewable energy are expected to drive the market.
- On the other hand, increasing adoption of alternate renewable technologies such as wind and hydropower is expected to hinder market growth during the study period.
- Nevertheless, owing to the increasing blackouts in the country, which are leading to an electricity crisis and increasing demand for continuous power, several opportunities are expected to be presented for the market players in South Africa to bridge the supply and demand gap.
