Market Size of South Africa Renewable Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Volume (2024) | 16.58 gigawatt |
| Market Volume (2029) | 28.00 gigawatt |
| CAGR (2024 - 2029) | 11.05 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Renewable Energy Market Analysis
The South Africa Renewable Energy Market size is estimated at 16.58 gigawatt in 2024, and is expected to reach 28 gigawatt by 2029, growing at a CAGR of 11.05% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the renewable energy industry. However, the market is expected to grow at a steady pace during the forecast period.
Supporting government policies to aid renewable energy growth is expected to drive the growth of the market studied during the forecast period. However, dependence on coal for power generation is expected to hamper the growth of residential batteries during the forecast period.
Untapped offshore renewable energy potential is expected to create lucrative growth opportunities for the South African renewable energy market during the forecast period.
