DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/86c6bb/south_african_sola) has announced the addition of Frost & Sullivan's new report "South African Solar PV Market" to their offering.
This research service provides a comprehensive analysis of the South African solar photovoltaic (PV) market. The research service explores the market drivers, restraints and challenges, and market engineering measurements such as market sizing and revenues. Future growth rates are provided based on scenarios including and excluding legislative impacts to gauge market growth within the period 2010-2014. End-user analysis and the competitive structure of the market is provided, with key participants and an analysis of the current manufacturing capacity and proposed developments.
REFIT Programme to Galvanise the South African Photovoltaic Market
The photovoltaic (PV) market in South Africa has been growing at a much slower pace than its international counterparts. The market is currently in a waiting phase for the REFIT programme to be implemented. Until this occurs, PV usage in the South African market will be limited primarily to off-grid applications such as rural electrification, road signage, isolated farms and lodges and telecommunications. The price of PV modules is falling amidst rising electricity tariffs, notes the analyst of this research.
Key growth applications for the PV market in South Africa are off-grid applications such as telecommunications, isolated game farms and lodges, rural electrification, navigational buoys, water pumps, and nascent niche markets such as street lighting, billboard illumination and road signage. Currently, interest is arising from the commercial sector, where large corporate companies are installing PV to showcase their green credits. The PV market in South Africa is reliant on the implementation of the REFIT programme as well as the proposed Upington solar park. Either of these two growth drivers would promote exponential growth for the South African PV market.
Alternate Renewable Energy Technologies to Present Significant Competition
PV continues to face significant competition from other renewable energy technologies in South Africa, such as solar water heaters, concentrated solar power (CSP) and wind energy. Proposed feed-in tariffs for CSP and wind are considerably lower than PV, particularly for large-scale PV development. For small-scale PV, solar water heating proves to be a more attractive economic option during 2011-2014.
Expert analysts thoroughly examine the following application sectors in this research:
- Residential applications
- Commercial applications
- Industrial applications
- Telecommunications
- Off-grid and Rural Electrification
- Government, schools, hospitals and other public buildings
For more information visit http://www.researchandmarkets.com/research/86c6bb/south_african_sola