Summary
Renewable Energy in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The South African renewable energy market recorded revenues of $710.6 million in 2024, representing a compound annual growth rate (CAGR) of 14.8% between 2019 and 2024.
- Market production volume increased with a CAGR of 15.6% between 2019 and 2024, reaching a total of 20,656.8 GWh in 2024.
- South Africa’s climate and pollution goals have significantly supported the growth of its renewable energy market by driving a structural shift away from fossil fuel dependence. According to the US Energy Information Administration (EIA), in 2024, the proportion of fossil fuels in total power generation in South Africa reached 87.9%, down from 90.0% in 2019.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in South Africa
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa renewable energy market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the South Africa renewable energy market by value in 2024?
- What will be the size of the South Africa renewable energy market in 2029?
- What factors are affecting the strength of competition in the South Africa renewable energy market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's renewable energy market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Engie SA
8.2. Eskom Holdings SOC Ltd
8.3. EDF Renewables SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Africa renewable energy market value: $ million, 2019-24
Table 2: South Africa renewable energy market volume: GWh, 2019-24
Table 3: South Africa renewable energy market category segmentation: % share, by value, 2019-24
Table 4: South Africa renewable energy market category segmentation: $ million, 2019-24
Table 5: South Africa renewable energy market geography segmentation: $ million, 2024
Table 6: South Africa renewable energy market value forecast: $ million, 2024-29
Table 7: South Africa renewable energy market volume forecast: GWh, 2024-29
Table 8: Engie SA: Key Facts
Table 9: Engie SA: Annual Financial Ratios
Table 10: Engie SA: Key Employees
Table 11: Eskom Holdings SOC Ltd: Key Facts
Table 12: Eskom Holdings SOC Ltd: Key Employees
Table 13: EDF Renewables SA: Key Facts
Table 14: EDF Renewables SA: Key Employees
Table 15: South Africa Size of Population (Million), 2020-24
Table 16: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: South Africa GDP (Current Prices, $ Billion), 2020-24
Table 18: South Africa Inflation, 2020-23
Table 19: South Africa Consumer Price Index (Absolute), 2020-24
Table 20: South Africa Exchange Rate, 2019-24
List of Figures
Figure 1: South Africa renewable energy market value: $ million, 2019-24
Figure 2: South Africa renewable energy market volume: GWh, 2019-24
Figure 3: South Africa renewable energy market category segmentation: $ million, 2019-24
Figure 4: South Africa renewable energy market geography segmentation: % share, by value, 2024
Figure 5: South Africa renewable energy market value forecast: $ million, 2024-29
Figure 6: South Africa renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in South Africa, 2024
Figure 8: Drivers of buyer power in the renewable energy market in South Africa, 2024
Figure 9: Drivers of supplier power in the renewable energy market in South Africa, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in South Africa, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in South Africa, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in South Africa, 2024
