The Off-Grid Solar Power Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Power Rating (Up to 10KW, 11KW to 50KW, 50KW to 100KW, Above 100KW), and Application (Residential, Commercial, Industrial).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Off-Grid Solar Power industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Off-Grid Solar Power companies. The Off-Grid Solar Power demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Off-Grid Solar Power industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
In the off-grid solar power market, there's a trend towards the deployment of standalone solar systems for providing electricity to remote and underserved areas without access to the centralized grid. Innovations in off-grid solar technologies, battery storage solutions, and pay-as-you-go models for energy access are prevalent trends. Additionally, the adoption of off-grid solar for rural electrification, off-grid residential systems, and portable solar products is gaining traction. Moreover, advancements in financing mechanisms and mobile-enabled energy solutions are shaping the market.
Key drivers stimulating the off-grid solar power market include the lack of electricity access in remote regions, the push for energy access and rural development, and the decreasing costs of solar photovoltaic systems. Off-grid solar offers advantages such as energy independence, reliability, and scalability, driving its adoption in off-grid applications. Moreover, supportive policies, development initiatives, and the demand for clean and affordable energy contribute significantly to market growth.
Opportunities in the off-grid solar power market lie in scaling up off-grid solar solutions and customizing systems for diverse applications. Collaboration with governments, NGOs, and off-grid communities for solar electrification projects offers significant growth prospects. Moreover, investing in technology innovations for energy storage, energy-efficient appliances, and innovative financing models can unlock new avenues for market expansion. Exploring emerging markets with high energy access gaps and promoting the socio-economic benefits of off-grid solar solutions can further drive market growth and contribute to global energy access goals.
Off-Grid Solar Power systems operate independently of the traditional electricity grid. These standalone systems use solar panels, batteries, and inverters to generate, store, and supply electricity for remote areas, off-grid homes, or locations where access to centralized power infrastructure is limited or unavailable.
By Power Rating
• Up to 10KW
• 11KW to 50KW
• 51KW to 100KW
• Above 100KW
By Application
• Residential
• Commercial
• Industrial
• Array Technologies, Inc.
• Canadian Solar Inc.
• Enphase Energy, Inc.
• First Solar, Inc.
• JinkoSolar Holding Co., Ltd.
• Maxeon Solar Technologies Ltd.
• SolarEdge Technologies Inc.
• SunPower Corporation
• Sunrun Inc.
• Tata Power Solar Systems Limited
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Off-Grid Solar Power market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Off-Grid Solar Power industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Off-Grid Solar Power MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Off-Grid Solar Power Market Size Outlook, $ Million, 2021 to 2030
3.2 Off-Grid Solar Power Market Outlook by Type, $ Million, 2021 to 2030
3.3 Off-Grid Solar Power Market Outlook by Product, $ Million, 2021 to 2030
3.4 Off-Grid Solar Power Market Outlook by Application, $ Million, 2021 to 2030
3.5 Off-Grid Solar Power Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Off-Grid Solar Power Industry
4.2 Key Market Trends in Off-Grid Solar Power Industry
4.3 Potential Opportunities in Off-Grid Solar Power Industry
4.4 Key Challenges in Off-Grid Solar Power Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Off-Grid Solar Power Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Off-Grid Solar Power MARKET OUTLOOK BY SEGMENTS
7.1 Off-Grid Solar Power Market Outlook by Segments
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
8 NORTH AMERICA Off-Grid Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Off-Grid Solar Power Markets in 2024
8.2 North America Off-Grid Solar Power Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Off-Grid Solar Power Market size Outlook by Segments, 2021-2030
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
9 EUROPE Off-Grid Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Off-Grid Solar Power Markets in 2024
9.2 Europe Off-Grid Solar Power Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Off-Grid Solar Power Market size Outlook by Segments, 2021-2030
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
10 ASIA PACIFIC Off-Grid Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Off-Grid Solar Power Markets in 2024
10.2 Asia Pacific Off-Grid Solar Power Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Off-Grid Solar Power Market size Outlook by Segments, 2021-2030
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
11 SOUTH AMERICA Off-Grid Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Off-Grid Solar Power Markets in 2024
11.2 South America Off-Grid Solar Power Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Off-Grid Solar Power Market size Outlook by Segments, 2021-2030
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
12 MIDDLE EAST AND AFRICA Off-Grid Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Off-Grid Solar Power Markets in 2024
12.2 Middle East and Africa Off-Grid Solar Power Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Off-Grid Solar Power Market size Outlook by Segments, 2021-2030
Power Rating
- Up to 10KW
- 11KW to 50KW
- 51KW to 100KW
- Above 100KW
Application
- Residential
- Commercial
- Industrial
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Array Technologies, Inc.
- Canadian Solar Inc.
- Enphase Energy, Inc.
- First Solar, Inc.
- JinkoSolar Holding Co., Ltd.
- Maxeon Solar Technologies Ltd.
- SolarEdge Technologies Inc.
- SunPower Corporation
- Sunrun Inc.
- Tata Power Solar Systems Limited
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Power Rating
• Up to 10KW
• 11KW to 50KW
• 51KW to 100KW
• Above 100KW
By Application
• Residential
• Commercial
• Industrial
The global Off Grid Solar Power Market is one of the lucrative growth markets, poised to register a 11.8% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Array Technologies, Inc., Canadian Solar Inc., Enphase Energy, Inc., First Solar, Inc., JinkoSolar Holding Co., Ltd., Maxeon Solar Technologies Ltd., SolarEdge Technologies Inc., SunPower Corporation, Sunrun Inc., Tata Power Solar Systems Limited
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume