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Africa Solar PV Module Market, By Technology (Thin film, Crystalline Silicon (Mono Crystalline Silicon, Multi Crystalline Silicon), Others); By Grid (On-grid, Off-grid); By Application (Residential, Industrial, Commercial); By Installation (Ground Mounted

Publisher BlueWeave Consulting
Published Dec 22, 2022
Length 240 Pages
SKU # BLWC17630983

Description

Africa Solar PV Module Market, By Technology (Thin film, Crystalline Silicon (Mono Crystalline Silicon, Multi Crystalline Silicon), Others); By Grid (On-grid, Off-grid); By Application (Residential, Industrial, Commercial); By Installation (Ground Mounted, Rooftop, Others); By Country (Nigeria, Kenya, Ghana, Senegal, Morocco, Algeria, Zimbabwe, South Africa, Rest of Africa), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Africa Solar PV Module Market Size to Grow at a Robust CAGR of 27.6% during 2023–2029
Africa solar PV module market size is flourishing owing to falling prices of solar PV panels, an increasing demand power generated from renewable and sustainable sources, governments’ supportive policies relating to incentives and tax breaks for solar PV systems.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Africa solar PV module market size to grow at a CAGR of 27.60% during the forecast period between 2023 and 2029. Rising consumer environmental consciousness, the availability of government incentives and tax breaks for solar panel installation, and the significantly reduced cost of essential solar cell/module components like polysilicon and silver are the main factors driving the growth of the solar panel market. More people are choosing renewable energy sources over conventional energy sources because they are more affordable. Solar panels are also two to three times more efficient than combustion technologies and emit no noise or pollution because they don't burn fuel.
Africa Solar PV Module Market – Overview
A solar PV module is made up of several solar cells that are used to produce electricity from sunlight. Sunlight is taken in by a semiconductor cell, where it is converted into electricity as it travels through the circuit. Solar PV modules can be used for a wide range of applications, including remote power systems for cabins, telecommunications equipment, remote sensing systems, as well as home and business solar systems. Based on technology, the solar panel market can be split into photovoltaic cells and concentrated solar power systems. More quickly than the others, the market for concentrated solar power systems is anticipated to expand. Both the demand for high-concentrated photovoltaic (HCPV) systems and low-concentrated photovoltaic (LCPV) systems are anticipated to experience double-digit growth during the forecast period.
Opportunity: Positive government actions
Solar energy is expected to surpass other energy sources in about ten years, and the market for solar panels has extremely bright long-term growth prospects. The market's promising growth prospects are primarily driven by rising solar energy system installations in both commercial and residential end-use applications. Another important factor is the focus on lowering CO2 emissions. Solar energy production will increase while coal and natural gas supplies, which are running low, are preserved. Governments all over the world are supporting the widespread installation of solar systems and promoting renewable energy sources, which is fueling the expansion of the solar panel market.
Challenge: High installation and upkeep costs
Low installation space and high operation and maintenance costs could limit industry expansion. The high initial capital expenditure and ongoing operation and maintenance are the primary cost-increasing factors in the sector. Additionally, the number of acres required for any significant solar project is stated. One of the many elements that restrict the options for land is the availability of solar radiation. Solar PV operations are difficult to deploy in populated areas, forests, agricultural land, wetlands, and water bodies due to poor accessibility and the unstable nature of the land.
Impact of COVID-19 on Africa Solar PV Module Market
Following the COVID-19 outbreak, small PV projects were in short supply in Nigeria's solar market. Furthermore, system costs associated with PV module cost reductions, as well as support for associated government initiatives, are expected to drive the market during the forecast period. The country's growing understanding of off-grid solar generation is expected to boost demand for solar PV panels in the off-grid market, thereby supporting market expansion overall. COVID-19 has hampered the market for residential solar PV panels due to factors, such as supply chain disruptions that cause delays in ongoing projects. Furthermore, residential demand for solar PV systems has decreased in some areas.
Africa Solar PV Module Market – By Application
Residential, industrial, and commercial solar PV module markets are the segments in Africa solar PV module market based on application. The industrial segment commanded a sizeable market share in 2021. It is expected that the rising demand for clean electricity will fuel both the expansion of utility projects and the industrial PV module market. According to RP Global and OOLU in West Africa, Westa Solar, a commercial and industrial solar venture, launched its operations in June 2021.
Consumer demand across the residential segment is increased by the dependable secondary power provided by rooftop solar PV coupled with an energy battery storage system in residential homes. Extra-large rooftop solar PV systems have been used in conjunction with large-scale storage systems to safeguard against changes in the supply of electricity during times of peak demand and to store the desired amount of energy in batteries.
Competitive Landscape
Africa solar PV module market is fiercely competitive. Prominent players in Africa solar PV module market include A.R.E Group, SARL Algerian PV Company, Aton Enerji, Aures Solaire, Aurasol, Copex Solar, Cleanergy, DuSol Industries, Emirates Insolaire, Specialized Battery Systems, Genergy, Asunim Solar, Sinetech (PTY) Ltd., Seraphim Solar, and Jetion Solar. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Africa solar PV module market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Africa Solar PV Module Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Africa Solar PV Module Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

240 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Africa Solar PV Module Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing adoption of solar for power generation
3.2.1.2. Cost-effective to suffice the demand of population
3.2.1.3. Ongoing technological advancements with rapid innovations
3.2.2. Restraints
3.2.2.1. High cost of installation and maintenance
3.2.2.2. Insufficient grid capacity
3.2.3. Opportunities
3.2.3.1. Rising investments by various companies
3.2.3.2. Favorable government measures
3.2.4. Challenges
3.2.4.1. Grid connection errors
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Africa Solar PV Module Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Technology
4.2.1.1. Thin film
4.2.1.2. Crystalline Silicon
4.2.1.2.1. Mono Crystalline Silicon
4.2.1.2.2. Multi Crystalline Silicon
4.2.1.3. Others
4.2.2. By Grid
4.2.2.1. On-grid
4.2.2.2. Off-grid
4.2.3. By Application
4.2.3.1. Residential
4.2.3.2. Industrial
4.2.3.3. Commercial
4.2.4. By Installation
4.2.4.1. Ground Mounted
4.2.4.2. Rooftop
4.2.4.3. Others
4.2.5. By Country
4.2.5.1. Nigeria
4.2.5.2. Kenya
4.2.5.3. Ghana
4.2.5.4. Senegal
4.2.5.5. Morocco
4.2.5.6. Algeria
4.2.5.7. Zimbabwe
4.2.5.8. South Africa
4.2.5.9. Rest of Africa
5. Nigeria Solar PV Module Market
5.1.1. Market Size & Forecast, 2019–2029
5.1.2. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Technology
5.2.2. By Grid
5.2.3. By Application
5.2.4. By Installation
6. Kenya Solar PV Module Market
6.1.1. Market Size & Forecast, 2019–2029
6.1.2. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Grid
6.2.3. By Application
6.2.4. By Installation
7. Ghana Solar PV Module Market
7.1.1. Market Size & Forecast, 2019–2029
7.1.2. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Grid
7.2.3. By Application
7.2.4. By Installation
8. Senegal Solar PV Module Market
8.1.1. Market Size & Forecast, 2019–2029
8.1.2. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Grid
8.2.3. By Application
8.2.4. By Installation
9. Morocco Solar PV Module Market
9.1.1. Market Size & Forecast, 2019–2029
9.1.2. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Grid
9.2.3. By Application
9.2.4. By Installation
10. Algeria Solar PV Module Market
10.1.1. Market Size & Forecast, 2019–2029
10.1.2. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Grid
10.2.3. By Application
10.2.4. By Installation
11. Zimbabwe Solar PV Module Market
11.1.1. Market Size & Forecast, 2019–2029
11.1.2. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Technology
11.2.2. By Grid
11.2.3. By Application
11.2.4. By Installation
12. South Africa Solar PV Module Market
12.1.1. Market Size & Forecast, 2019–2029
12.1.2. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Technology
12.2.2. By Grid
12.2.3. By Application
12.2.4. By Installation
13. Rest of Africa Solar PV Module Market
13.1.1. Market Size & Forecast, 2019–2029
13.1.2. By Value (USD Million)
13.2. Market Share & Forecast
13.2.1. By Technology
13.2.2. By Grid
13.2.3. By Application
13.2.4. By Installation
14. Competitive Landscape
14.1. List of Key Players and Their Offerings
14.2. Africa Solar PV Module Company Market Share Analysis, 2022
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
15. Impact of Covid-19 on Africa Solar PV Module Market
16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
16.1. A.R.E Group
16.2. SARL Algerian PV Company
16.3. Aton Enerji
16.4. Aures Solaire
16.5. Aurasol
16.6. Copex Solar
16.7. Cleanergy
16.8. DuSol Industries
16.9. Emirates Insolaire
16.10. Specialized Battery Systems
16.11. Genergy
16.12. Asunim Solar
16.13. Sinetech (PTY) Ltd.
16.14. Seraphim Solar
16.15. Jetion Solar
16.16. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
18.1. Qualitative Research
18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
18.3.1. Secondary Research
18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations
*Financial in Sales operating of a case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of
Figures
Figure 1 Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 2 Africa Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 3 Africa Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 4 Africa Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 5 Africa Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 6 Africa Solar PV Module Market Share, By Country, By Value, 2019–2029
Figure 7 Nigeria Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 8 Nigeria Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 9 Nigeria Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 10 Nigeria Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 11 Nigeria Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 12 Kenya Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 13 Kenya Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 14 Kenya Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 15 Kenya Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 16 Kenya Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 17 Ghana Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 18 Ghana Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 19 Ghana Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 20 Ghana Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 21 Ghana Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 22 Senegal Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 23 Senegal Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 24 Senegal Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 25 Senegal Solar PV Module Market Share, By Application, By Value, 2019–2030
Figure 26 Senegal Solar PV Module Market Share, By Installation, By Value, 2019–2031
Figure 27 Morocco Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 28 Morocco Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 29 Morocco Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 30 Morocco Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 31 Morocco Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 32 Algeria Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 33 Algeria Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 34 Algeria Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 35 Algeria Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 36 Algeria Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 37 Zimbabwe Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 38 Zimbabwe Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 39 Zimbabwe Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 40 Zimbabwe Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 41 Zimbabwe Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 42 South Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 43 South Africa Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 44 South Africa Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 45 South Africa Solar PV Module Market Share, By Installation, By Value, 2019–2029
Figure 46 South Africa Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 47 Rest of Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Figure 48 Rest of Africa Solar PV Module Market Share, By Technology, By Value, 2019–2029
Figure 49 Rest of Africa Solar PV Module Market Share, By Grid, By Value, 2019–2029
Figure 50 Rest of Africa Solar PV Module Market Share, By Application, By Value, 2019–2029
Figure 51 Rest of Africa Solar PV Module Market Share, By Installation, By Value, 2019–2029
List of
Tables
Table 1 Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 2 Africa Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 3 Africa Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 4 Africa Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 5 Africa Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 6 Africa Solar PV Module Market Size, By Country, By Value, 2019–2029
Table 7 Nigeria Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 8 Nigeria Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 9 Nigeria Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 10 Nigeria Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 11 Nigeria Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 12 Kenya Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 13 Kenya Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 14 Kenya Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 15 Kenya Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 16 Kenya Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 17 Ghana Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 18 Ghana Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 19 Ghana Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 20 Ghana Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 21 Ghana Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 22 Senegal Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 23 Senegal Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 24 Senegal Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 25 Senegal Solar PV Module Market Size, By Application, By Value, 2019–2030
Table 26 Senegal Solar PV Module Market Size, By Installation, By Value, 2019–2031
Table 27 Morocco Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 28 Morocco Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 29 Morocco Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 30 Morocco Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 31 Morocco Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 32 Algeria Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 33 Algeria Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 34 Algeria Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 35 Algeria Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 36 Algeria Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 37 Zimbabwe Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 38 Zimbabwe Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 39 Zimbabwe Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 40 Zimbabwe Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 41 Zimbabwe Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 42 South Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 43 South Africa Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 44 South Africa Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 45 South Africa Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 46 South Africa Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 47 Rest of Africa Solar PV Module Market Size, By Value (USD Million), 2019–2029
Table 48 Rest of Africa Solar PV Module Market Size, By Technology, By Value, 2019–2029
Table 49 Rest of Africa Solar PV Module Market Size, By Grid, By Value, 2019–2029
Table 50 Rest of Africa Solar PV Module Market Size, By Application, By Value, 2019–2029
Table 51 Rest of Africa Solar PV Module Market Size, By Installation, By Value, 2019–2029
Table 52 A.R.E. Group Limited Company Overview
Table 53 A.R.E. Group Limited Financial Overview
Table 54 SARL Algerian PV Company Overview
Table 55 SARL Algerian PV Company Financial Overview
Table 56 Aton Enerji Company Overview
Table 57 Aton Enerji Financial Overview
Table 58 Aures Solaire Company Overview
Table 59 Aures Solaire Financial Overview
Table 60 Aurasol Company Overview
Table 61 Aurasol Financial Overview
Table 62 Copex Solar Company Overview
Table 63 Copex Solar Financial Overview
Table 64 Cleanergy Company Overview
Table 65 Cleanergy Financial Overview
Table 66 DuSol Industries Company Overview
Table 67 DuSol Industries Financial Overview
Table 68 Emirates Insolaire Company Overview
Table 69 Emirates Insolaire Financial Overview
Table 70 Specialized Battery Systems Company Overview
Table 71 Specialized Battery Systems Financial Overview
Table 72 Genergy Company Overview
Table 73 Genergy Financial Overview
Table 74 Asunim Solar Company Overview
Table 75 Asunim Solar Financial Overview
Table 76 Sinetech (PTY) Ltd. Company Overview
Table 77 Sinetech (PTY) Ltd. Financial Overview
Table 78 Seraphim Solar Company Overview
Table 79 Seraphim Solar Financial Overview
Table 80 Jetion Solar Company Overview
Table 81 Jetion Solar Financial Overview

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