South Africa Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape
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South Africa Power Market Report Overview
The annual power consumption in South Africa was 174.9TWh in 2022. It is expected to record a CAGR growth of more than 1% during 2022-2035. The growth is attributed to developments in the industrial and residential sectors. South Africa is facing one of its worst electricity crises in the country’s history. The government has been pressurized to take quick steps to salvage the situation with protests across the country. In 2021, South Africa secured the ‘Just Energy Transition (JET) Partnership’ at the Glasgow COP26 summit. The UK, US, along with France, Germany, the EU have pledged $8.5 billion to support South Africa’s transition toward decarbonization, shifting from thermal power towards renewables.
South Africa Power Market Outlook (2022-2035)
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The South Africa power market research report discusses the power market structure of South Africa and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
Total Power Consumption (2022) | 174.9TWh |
CAGR (2022-2035) | >1% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Sector | · Industrial Sector
· Residential Sector · Commercial Sector · Transport Sector |
Key Deal Types | · Asset Transactions
· Acquisition · Partnerships · Debt Offerings · Private Equity · Venture Financing |
Key Companies | · Eskom Holdings SOC Ltd
· Enel SpA · Engie SA |
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South Africa Power Market by Sectors
Key Sectors in the South Africa Power Market
The industrial sector had the dominant share in power consumption in 2022
The key sectors in the South Africa power market are the residential sector, industrial sector, transport sector, commercial sector, and other sectors. In 2022, the industrial sector accounted for the dominant share of power consumption in the South Africa power market, followed by the residential sector and the commercial sector.
South Africa Power Consumption Market Analysis by Sectors, 2022 (%)
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South Africa Power Market Segmentation by Deal Types
Most of the deals in the South Africa power market were asset transactions in 2022
The key deal types recorded in the South Africa power market in 2022 are partnerships, debt offerings, acquisitions, asset transactions, and others. A total of 43 deals were executed in the South Africa power market during 2022. Asset transactions had the highest market share in South Africa’s power market in 2022, followed by acquisitions and partnerships, based on deal types.
South Africa Power Market Analysis by Deal Types, 2022 (%)
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South Africa Power Market – Competitive Landscape
In 2022, South Africa’s power generation market was dominated by Eskom Holdings SOC Ltd
The key companies in the South Africa power market include:
- Eskom Holdings SOC Ltd
- Enel SpA
- Engie SA
Eskom Holdings SOC Ltd: Eskom Holdings SOC Ltd (Eskom) is a state-owned power utility that generates, transmits, and distributes electricity to various regions. It generates electricity from gas-fired plants, coal-fired stations, hydro and pumped storage power plants, and nuclear power plants, among others. The company supplies electricity to residential, industrial, mining, commercial, and agricultural customers, and to municipalities and metros for redistribution to households and businesses. The company maintains a network of transmission power lines and underground cables. It procures electricity and sells in countries of the Southern African Development Community (SADC). The company’s subsidiary Eskom Rotek Industries conducts repairs on transformers and turbines in addition to offering specialised building and transport services. The company has operations in Uganda and South Africa. Eskom is headquartered in Sandton, South Africa.
South Africa Power Generation Market Analysis by Companies, 2022 (%)
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Latest Developments
- In March 2023, Engie SA partnered with SANEF and CEVA Logistics for launching the European Clean Transport Network Alliance (ECTN Alliance). The alliance will build and operate a network of truck terminals with low-carbon energy solutions for transporting merchandise across Europe.
- In February 2023, Enel X Romania and CTP announced the installation of a 1.5 MW photovoltaic (PV) power station at the CTPark Bucharest industrial park in western Bucharest. The plant will be developed by Enel X Romania, the Enel Group’s global business line offering services to accelerate innovation and drive the energy transition.
Segments Covered in the Report
South Africa Power Type Industry Outlook (Value, 2010-2035)
- Residential Sector
- Industrial Sector
- Transport Sector
- Other Sector
- Commercial Sector
South Africa Power Market Deal Type Outlook (Value, 2010-2035)
- Asset Transactions
- Partnerships
- Debt Offerings
- Acquisition
- Venture Financing
- Equity Offerings
- Private Equity
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and exports scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.
- Capacity, generation, and major power plants by technology.
- Data on leading active and upcoming power plants.
- Information on transmission and distribution infrastructure, electricity imports and exports,
- Policy and regulatory framework governing the market.
- Detailed analysis of top market participants, including market share analysis and SWOT analysis.
Reasons to Buy
- Identify market opportunities and business plan strategies through our comprehensive analysis of investment opportunities in the country’s power sector.
- Identify key factors driving investment opportunities in the country’s power sector.
- Optimize strategic decision-making through our historical and forecast data.
- Create accurate data governance by understanding the latest regulatory events.
- Understand the maximum advantage of the industry’s growth potential.
- Identify key strengths and weaknesses of important market participants.
- Respond to your competitors’ business structure, strategy, and prospects.
Table of Contents
Table
Figures
Frequently asked questions
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What was the total power consumption in South Africa's power market in 2022?
The annual power consumption in South Africa was 174.9TWh in 2022.
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What will the South Africa power market growth rate be during the forecast period?
The South Africa power market is expected to grow at a CAGR of more than 1% during 2022-2035.
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Which sector dominated the South Africa power market in terms of consumption?
In 2022, the industrial sector held the highest share of power consumption in the South Africa power market.
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Which was the preferred deal type in the South Africa power market?
Asset transactions accounted for the highest share in South Africa’s power market in 2022, based on deal types.
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Which are the key market players in the South Africa power market?
The key companies in the South Africa power market include Eskom Holdings SOC Ltd, Enel SpA, and Engie SA, among others.
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