Press release
Off-Grid Solar Market to reach USD 4.44 Bn by 2029, emerging at a CAGR of 11.50 percent and forecast (2022-2029)
Off-Grid Solar Market
The Off-Grid Solar Market report provides a comprehensive analysis of the market segments, including Type of power rating, Technology, Application, and Region. Market data has been sourced from industry participants across North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report offers a detailed examination of the market drivers, restraints, prospects, and barriers. It also includes investor recommendations based on a thorough competitive analysis of the current Off-Grid Solar market scenario.
The report utilizes a robust research methodology to gather and analyze key data from the historical period of 2017 to 2021. Facts, figures, illustrations, and presentations are employed to provide insightful data analysis.
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What are Off-Grid Solar Market Dynamics?
The Off-Grid Solar Market is being propelled by the rapid growth of solar energy as a transformative solution for meeting energy demand and sustainable economic development. Governments worldwide, including initiatives like the World Banks Groups' commitment of $1.3 billion for off-grid solar programs, are investing in solar technologies to provide electricity access to communities in developing countries. Off-grid solar systems are self-sustaining and ideal for remote areas, unaffected by grid failures or shutdowns.
The installation cost and area requirements of off-grid solar systems pose challenges to market growth. On-grid solar systems, which are directly connected to the utility power grid, are perceived as more cost-effective for businesses with high power consumption. However, advancements in solar technology and declining panel prices are making off-grid solar systems more affordable and attractive for residential and commercial users.
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What is Off-Grid Solar Market Segmentation?
by Type of power rating
• Up to 10KW
• 11KW-51KW
• 51KW-100KW
• Above 100KW
by Application
• Residential
• Commercial
• Industrial
• Utilities
by Technology
• Crystalline Silicon
• Thin layer film
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Who are Off-Grid Solar Market Key Players?
• Schneider Electric
• SMA Solar Technology
• Canadian Solar
• Yingli Solar
• Su-Kam Power System
• Backwoods Solar
• Helio Power
• Delta Electronics
• Outback Power Inc.
• Solar Power Rocks
• Greenlight Plant
• Gem Energy Australia Pvt
• Nant Energy Inc.
• ABB Ltd.
• ENGIE SA
• M-Kopa Kenya Ltd
• Hanwha Group
• Jinko Solar Holding Co
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Table of content for the Off-Grid Solar Market includes:
1. Global Off-Grid Solar Market: Research Methodology
2. Global Off-Grid Solar Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Off-Grid Solar Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Off-Grid Solar Market Segmentation
• Global Market, by Type of power rating (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by Technology (2021-2029)
5. Regional Off-Grid Solar Market (2021-2029)
• Regional Market, by Type of power rating (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Technology (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Regional Insights:
The Asia Pacific region dominated the Off-Grid Solar Market in 2021, accounting for 53% of the market share. Significant investments in solar power in countries like Japan, China, and India contribute to the region's growth. North America is expected to witness substantial growth, driven by the region's commitment to sustainable energy sources and the fulfillment of the Paris Agreement.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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