Market Size of South Africa Rooftop Solar Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 2.14 gigawatt |
| Market Volume (2029) | 3.15 gigawatt |
| CAGR (2024 - 2029) | 8.04 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Rooftop Solar Market Analysis
The South Africa Rooftop Solar Market size is estimated at 2.14 gigawatt in 2024, and is expected to reach 3.15 gigawatt by 2029, growing at a CAGR of 8.04% during the forecast period (2024-2029).
Although the market studied was negatively impacted by the COVID-19 pandemic in 2020, it has recovered and reached pre-pandemic levels. The growing government support and falling cost of rooftop solar panels purchase, installation, and maintenance are expected to support the uptake of solar PV and associated systems in South Africa, driving the solar rooftop PV market's growth in the country during the forecast period. However, the high cost of solar rooftop systems and the associated need for batteries for electricity storage are expected to restrain the market's growth.
The increasing blackouts in the country are leading to the electricity crisis. Increasing demand for continuous power is expected to create several opportunities for the market players in South Africa to bridge the supply and demand gap.
