West Africa Solar PV Panels Market To Reach $844.27 Million By 2030

West Africa Solar PV Panels Market Growth & Trends

The West Africa solar PV panels market size is estimated to reach USD 844.27 million by 2030, registering to grow at a CAGR of 31.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. Growing concerns over energy conservation and transition from non-renewable sources of energy to renewable sources are projected to surge the demand for solar energy and panels over the estimated period.

The captured solar radiations are further converted into power, which is used in applications such as commercial, industrial, and residential. Increasing usage of solar power as a potential source of commercial energy generation has gained acceptance owing to the reducing PV panel cost, which is excepted to further enhance the growth of the industry.

Countries prone to natural calamities such as tropical cyclones and floods can be targeted by the installers. At times of natural calamities, many times utilities are unable to supply electricity owing to the damage to the electricity distribution system. In this scenario, solar PV systems can act as a feasible solution for residential customers to guarantee an uninterruptible power supply.

Escalating environmental concerns have encouraged regulatory authorities to draft supportive policies and plans for solar photovoltaics across the region. The regulatory authorities emphasize the installation of solar PV in applications such as residential, and commercial buildings.

West Africa receives a high amount of sunlight throughout the year which makes solar PV panels more efficient. Many countries in the region are looking to capitalize on the region’s solar power favorable climate and install solar power stations. Countries such as Togo, Mali, Nigeria, and Niger have promoted investment in solar power generation in their countries. These factors are expected to drive market growth in the forecast period.

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West Africa Solar PV Panels Market Report Highlights

• Based on technology, the thin film segment led the market with the largest revenue share of 51.44% in 2024. Thin-film panels demonstrate higher efficiency under low-light conditions, such as cloudy days or partial shading, which can be common in parts of West Africa.

• Based on grid type, the on grid segment led the market with the largest revenue share of 63.16% in 2024. Rapid urbanization in West African countries has led to an increased demand for reliable electricity, particularly in major cities and industrial zones.

• Based on application, the industrial segment led the market with the largest revenue share of 38.57% in 2024. Many industries are embracing sustainability targets, both to comply with international standards and to enhance their market reputation.

West Africa Solar PV Panels Market Segmentation

Grand View Research has segmented the West Africa solar PV panels market based on technology, grid, application, and country:

West Africa Solar PV Panels Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Thin film

• Crystalline Silicon

• Others

West Africa Solar PV Panels Grid Outlook (Revenue, USD Million, 2018 - 2030)

• On-grid

• Off-grid

West Africa Solar PV Panels Application Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Industrial

• Commercial

West Africa Solar PV Panels Country Outlook (Revenue, USD Million, 2018 - 2030)

• West Africa

  • Nigeria

List of Key Players in West Africa Solar PV Panels Market

• SunPower Corporation

• Canadian Solar

• Trina Solar

• First Solar

• Jinko Solar

• JA Solar Technology Co., Ltd.

• Hanergy Holding Group Ltd.

• HIANS Energy Solutions Ltd.

• ARTsolar (Pty) Ltd.

• Sunhive