Market Size of South Africa Smart Grid Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Smart Grid Network Market Analysis
The market for smart grid network in South Africa is expected to grow at CAGR of more than 3% in the forecast period of 2020-2025. Factors such as upcoming renewable energy projects, increasing investment and deployment of smart grid technologies such as smart meters, intelligent transmission lines, and other associated smart grid infrastructure technologies are expected to drive the market in the coming years. Also, to improve the collection of revenue for electricity and to address electricity theft in low-income areas, the demand for smart grid network is expected to grow. However, the problem of low accessibility to power in underdeveloped regions, along with investment required to develop new grid structure for upcoming renewable projects is expected to hinder the market growth.
- Advanced Metering Structure is expected to drive the smart grid network significantly, providing monitoring of bi-directional flow of electricity, owing to increasing grid development.
- South Africa is showing massive growth in the renewable market, reaching more than 6100 MW in 2019. This, in turn, is expected to create a significant opportunity and demand for the new T&D infrastructure and thereby creating an ample amount of opportunity for the smart grid network in the near future.
- South Africa is aiming to develop and renovate its aging grid infrastructure. To meet the growing electricity demand, The South African National Energy Development Institute (SANEDI) updated the South African Smart Grid Initiative in 2017.
South Africa Smart Grid Network Industry Segmentation
The South Africa smart grid network market report includes:
| Technology Application Area | |
| Transmission | |
| Demand Response | |
| Advanced Metering Infrastructure (AMI) | |
| Other Technology Application Areas |
South Africa Smart Grid Market Size Summary
The South Africa smart grid network market is poised for growth, driven by the increasing deployment of smart grid technologies such as smart meters and intelligent transmission lines. This expansion is fueled by the country's focus on renewable energy projects and the need to enhance revenue collection and reduce electricity theft, particularly in low-income areas. However, challenges such as limited power accessibility in underdeveloped regions and the substantial investment required for new grid infrastructure may impede market progress. The government's efforts to modernize aging grid infrastructure and the South African National Energy Development Institute's initiatives, including the updated Smart Grid Initiative, are pivotal in addressing these challenges and fostering market growth.
The advanced metering infrastructure (AMI) is a key driver in the smart grid network's expansion, facilitating bi-directional electricity flow monitoring and reducing transmission and distribution losses. South Africa's renewable energy sector has seen significant growth, creating opportunities for new transmission and distribution infrastructure, which in turn boosts the demand for smart grid networks. The government's commitment to electrifying the country by 2030, alongside international collaborations such as the dialogue facility project with the European Union, underscores the strategic importance of smart grid development. The market is partially consolidated, with major players like General Electric Company, Eskom Holdings SOC Ltd, Honeywell International Inc, Itron Inc, and Schneider Electric SE playing significant roles in shaping the industry's landscape.
South Africa Smart Grid Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Technology Application Area
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2.1.1 Transmission
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2.1.2 Demand Response
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2.1.3 Advanced Metering Infrastructure (AMI)
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2.1.4 Other Technology Application Areas
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South Africa Smart Grid Market Size FAQs
What is the current South Africa Smart Grid Market size?
The South Africa Smart Grid Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in South Africa Smart Grid Market?
Honeywell International Inc, General Electric Company, Eskom Holdings SOC Ltd , Itron Inc and Schneider Electric SE are the major companies operating in the South Africa Smart Grid Market.
