Off-Grid Solar Market 2029 Global Overview and Key Leaders Analysis: Schneider Electric, SMA Solar Technology, Canadian Solar, Yingli Solar, Su-Kam Power Systems, Backwoods Solar, HelioPower, Solar Power Rocks, Greenlight Planet

Global off-grid solar market is expected to witness substantial growth during the forecast period owing to minimization of carbon footprint and less electricity costs. The global off-grid solar market is expected to grow at a 12.50% CAGR during the forecast period. Off-grid system are powered by energy from sun and this energy is collected through solar panels and is taken into an inverter, which then transfers the energy into usable energy. The power collected from solar panels is stored in batteries and can be used to power residential applications. With the help of off-grid solar, end-users are completely independent from utility company as they are not connected to the grid and can use battery back-up for power requirements.

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/7227

Segmental Analysis

Global off-grid solar market has been segmented based on product, application, and region. Based on type, the market is classified into up to 10 W, 11-50 W, 51-100 W, and above 100 W. Up to 100 W segment is leading the market and has the largest market share, mainly due to rising usage in residential applications. The global off-grid solar is further segmented based on application, including residential, commercial, and industrial. Residential segment of the global off-grid solar market is estimated to register the highest growth rate during the forecast period.

Prominent Key Players

The key players of the global off-grid solar market are Schneider Electric, SMA Solar Technology, Canadian Solar, Yingli Solar, Su-Kam Power Systems, Backwoods Solar, HelioPower, Solar Power Rocks, Greenlight Planet, and Off Grid By Design, among others.

Asia Pacific accounts for the largest market share in the Off-Grid Solar Market

Region wise, Asia Pacific held the largest market share of the global off-grid solar market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for off-grid solar systems by the residential sector. The off-grid solar market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

Access Full Report Details @ https://www.marketresearchfuture.com/reports/off-grid-solar-market-7227

Brief TOC of Off-Grid Solar Market

1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…..

List Of Tables

Table 1 Global Off-Grid Solar Market, By Region, 2016-2023 (USD Million)
Table 2 North America Off-Grid Solar Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Off-Grid Solar Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Off-Grid Solar Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Off-Grid Solar Market, By Country, 2016-2023 (USD Million)
Table 6 South America Off-Grid Solar Market, By Country, 2016-2023 (USD Million)
Table 7 Global Solar Water Heater Y Market, By Product, 2016-2023 (USD Million)
Table 8 North America Off-Grid Solar Market, By Product, 2016-2023 (USD Million)
Table 9 Europe Off-Grid Solar Market, By Product, 2016-2023 (USD Million)
Table 10 Asia-Pacific Off-Grid Solar Market, By Product, 2016-2023 (USD Million)
Table 11 Middle East & Africa Off-Grid Solar Market, By Product, 2016-2023 (USD Million)
Table 12 South America Off-Grid Solar Market, By Product, 2016-2023 (USD Million)
Continued….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.