Africa Solar Photovoltaic (PV) Market: Current Analysis and Forecast (2025-2033)

Africa Solar Photovoltaic (PV) Market Size & Forecast

The Africa Solar Photovoltaic (PV) Market was valued at USD 2,000 million in 2024 and is expected to grow at a strong CAGR of around 23.00% during the forecast period (2025- 2033F). Large unmet electricity demand and grid deficits, falling solar PV costs, and increasing competitiveness have led to the market rise.

Africa Solar Photovoltaic (PV) Market Analysis

The African solar photovoltaic (PV) market is witnessing a rapid shift due to a massive rise in total energy consumption, various notable government policies, and increased investment in renewable energy infrastructure. Solar PV has emerged as one of the most promising options in various countries, such as Egypt, South Africa, Kenya, etc., that are striving to decrease their reliance on fossil fuels to improve energy security. Urbanization and population explosion are also surging to give rise to the demand for low-cost and green power. The growth of domestic production capacities, in combination with the strategic alliances with foreign energy companies, is also enhancing the availability of state-of-the-art solar technologies. Also, regional projects that encourage clean energy trade and finance are increasing the deployment and encouraging cross-border co-operation in the renewable energy business in Africa.

Africa Solar Photovoltaic (PV) Market Trends

This section discusses the key market trends that are influencing the various segments of the Africa Solar Photovoltaic (PV) market, as found by our team of research experts.

Rapid growth in solar PV installations and imports:

The African solar PV market is experiencing impressive growth, as it is an indication of rising trends in clean and decentralized forms of energy. The level of imports of solar components has been on the increase due to the fact that there has been an improvement in the accessibility of the technology and the export chain networks. This trend is demonstrated in both utility-scale and distributed-scale systems as solar is placed at the center of the national energy transition policies. Solar projects are being actively supported by governments, their private investors, and development institutions in an attempt to diversify the energy portfolios and increase energy security. The influx of installations and imports is a clear indication of how Africa takes the issue of renewable energy seriously and is also an indication of its changing status as a new center of sustainable power production.

Key Market Segmentation:

This section provides an analysis of the key trends in each segment of the Africa Solar Photovoltaic (PV) market report, along with forecasts at the country and regional levels for 2025-2033.

Polycrystalline segment has shown promising growth in the Solar Photovoltaic (PV) Market.

According to the panel type, the African market in solar photovoltaic (PV) is divided into monocrystalline, polycrystalline, bifacial, and others. Among them, the polycrystalline segment has captured a larger market share because it is cost-effective, it is widely available, and its production is not that difficult. Its efficiency-price ratio is the most effective to choose it in large-scale and off-grid solar systems throughout the continent. Moreover, the polycrystalline panels can work in high temperatures, which is appropriate in numerous African areas. They are further being adopted due to increased investment in commercial and residential projects. Nevertheless, as technology progresses and the price of monocrystalline and bifacial panels decreases, future development can be more diversified as developers search for more efficient solutions to both grid-connected and decentralized solar systems.

Ground-Mounted category held a significant share of the African Solar Photovoltaic (PV) Market.

Based on installation, the African solar energy market is segmented into ground-mounted, roof-mounted, and others. The ground-mounted segment has held a major market share due to the high number of solar farms, as well as the installation of industrial utility-scale solar power plants. Additionally, the rising demand for microgrid and coping with the challenge of providing renewable energy, the demand for ground-mounted installations is further anticipated to rise. However, many of the new projects are rising in the residential roof-mounted and floating solar farms, which would create a notable demand for the respective categories in the coming years.

Egypt is expected to grow at a considerable rate during the forecast period.

Egypt Solar Photovoltaic (PV) is one of the most active markets in Africa because of high-level government funding, favorable policies, and endowment of solar resources. Solar energy is one of the main points of the renewable transition in Egypt because the long-term energy policy of Egypt is oriented towards diversification of the energy mix and the exclusion of fossil fuels. This has been facilitated by the massive schemes such as the Benban Solar Park, which has propelled the country to the forefront of solar production in the region. The market is continually strengthening through investments in grid infrastructure, international cooperation, and the contribution of the private sector, which will help Egypt achieve its vision of becoming a clean energy hub in North Africa.

• According to the General Authority for Investment and Free Zones (GAFI), Egypt is set to open several large-scale solar panel manufacturing units in 2026. This effort is in line with the aim to domestically manufacture solar panels for domestic projects as well as for export purposes.

• In another instance, in 2024, AMEA Power commissioned the Abydos Solar PV Plant in Egypt with a total capacity of 500 MW. The new project is in line with the country’s ambition to produce 42% of the energy from renewable sources by 2030

Africa Solar Photovoltaic (PV) Industry Competitive Landscape:

The Africa Solar Photovoltaic (PV) market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.

Top Africa Solar Photovoltaic (PV) Companies

Some of the major players in the market are ARTsolar, Jinko Solar, Canadian Solar, Seraphim, IBC SOLAR AG, Yingli Solar, Davis & Shirtliff, Go Solar Ltd., Wisolar, and Toyo Solar.

Africa Solar Photovoltaic (PV) Market Report Coverage

Reasons to Buy the Africa Solar Photovoltaic (PV) Market Report:

• The study includes market sizing and forecasting analysis confirmed by authenticated key industry experts.

• The report briefly reviews overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers, primarily focusing on key business financials, type portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive Country-level analysis of the industry.

Customization Options:

The Africa Solar Photovoltaic (PV) market can further be customized as per requirements or any other market segment. Besides this, UnivDatos understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.