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It is designed to provide electricity to homes, businesses, or other structures that are not connected to a centralized power distribution network. The major parts of an off-grid solar system include solar panels, batteries, charge controllers, and inverters.
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Opportunity Analysis and Industry Forecast, 2016-2023 OFF-Grid Solar Market by Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2022-2031 • Pages: 260 Tables: 53 Charts: 47
Global OFF-Grid Solar Market Outlook (2022 – 2031) • Top Impacting Factors: • The global off-grid solar market size was valued at $1.9 billion in 2021, and is projected to reach $5.8 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031. • Off-grid solar refers to a system that generates electricity using solar panel and operates independently of the traditional electrical grid • Affordability continues to be a significant barrier to the widespread adoption and growth of the off-grid solar market. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 260 Tables: 53 Charts: 47
Global OFF-Grid Solar Market Outlook (2022 – 2031) • Solar energy is a renewable resource that produces electricity without generating greenhouse gas emissions or contributing to air pollution. • The cost of solar panels and associated equipment has notably lowered in recent years, making off-grid solar energy solutions more affordable. • The industrial sub-segment dominated the market in 2022. • The development of modern off-grid solar technologies, such as expanded photovoltaic (PV) panels , electricity storage systems, and environmentally friendly appliances, has contributed to the expansion of the off-grid solar market. • Pages: 260 Tables: 53 Charts: 47
Key Findings of Global OFF-Grid Solar Market Outlook (2022 – 2031) • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the off-grid solar market analysis from 2021 to 2031 to identify the prevailing off-grid solar market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the off-grid solar market segmentation assists to determine the prevailing market opportunities. • Major countries in each region are mapped according to their revenue contribution to the global market. • Global OFF-Grid Solar Market Outlook (2022 – 2031) • Pages: 260 Tables: 53 Charts: 47
Global OFF-Grid Solar Market Outlook (2022 – 2031) • The key players profiled in the report include: • Sunpower Corporation • Greenlight plant • Jinko solar • Holding co. Ltd • SMA Technology ag • Schneider electric SE • Canadian Solar • ABB Ltd • Delta Electronics • Hanwha Group • Engie • Pages: 260 Tables: 53 Charts: 47
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