OFF-Grid Solar Market By Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global off-grid solar market is anticipated to reach $5,825.80 million by 2032, growing from $1,890.00 million in 2022 at a CAGR of 12.3% from 2023 to 2032.
Off-grid solar refers to a solar gadget that is not linked to the electrical grid. They deliver a dependable and sustainable supply of electricity for several applications, such as powering homes, cabins, farms, telecommunications equipment, and water pumping systems. By utilizing solar energy, off-grid solar systems offer several benefits. They decrease dependence on fossil fuels and mitigate greenhouse fuel emissions, contributing to a cleaner and greater sustainable power future.
The raising awareness regarding climate change and the environmental influences of fossil fuels have led to accelerated interest in renewable strength sources like solar power. Off-grid solar structures provide a clean and sustainable choice to fossil fuel-based electrical energy generation, helping to decrease greenhouse gas emissions and fight climate change. Many nations have set renewable strength targets, and off-grid solar plays a quintessential position in accomplishing these goals. This has led to positive effects on the public situation and the environment, such as renewable power sources, environmentally friendly, and cost savings. The increased adoption of solar power and other sustainable solutions can contribute to a cleaner and more sustainable future, helping to reduce the negative impacts of climate change and promote a healthier environment for all. Fossil fuel-based electrical energy technology is an enormous contributor to greenhouse fuel emissions, which are a major reason for climate change. The extraction, transportation, and combustion of fossil fuels release carbon dioxide and other pollutants into the atmosphere, contributing to international warming and air pollution. Off-grid solar systems offer a clean and environmentally friendly alternative, as they produce electricity without emitting greenhouse gases.
The lack of awareness and information about off-grid solar solutions is expected to restrain the growth of the market, specifically in remote areas. In remote areas, humans may have limited access to data sources such as the Internet, newspapers, or television. This lack of information can make it difficult for them to analyze the benefits and availability of off-grid solar solutions. They might also no longer understand how solar panels work, how to deploy them, or how they can take advantage of producing their very own electricity. Off-grid solar structures provide electricity independence, permitting customers to generate their very own electricity. This is particularly recommended in regions with unreliable or confined grid infrastructure. Off-grid photovoltaic gives a decentralized and resilient energy solution, making sure of a stable power grant for the duration of grid outages or natural disasters.
Off-grid solar structures enable customers to generate their very own electricity, reducing their reliance on centralized electricity grids. By using solar energy, individuals, communities, and businesses can become self-sufficient in meeting their power needs, regardless of the availability or exceptional grid power. Off-grid solar solutions contribute to decentralizing strength generation. Instead of relying totally on large-scale strength vegetation and transmission networks, off-grid structures distribute strength technology across more than a few localized installations. This method reduces the stress on centralized grids and improves general grid effectivity by reducing transmission losses. It also allows people to take control of their energy supply, promoting sustainability, and lowering dependence on fossil fuels.
The COVID-19 pandemic has had significant effects on the market for off-grid solar. The off-grid solar industry closely relies on global supply chains for parts such as solar panels, batteries, and different device components. The pandemic caused disruptions in manufacturing and logistics, leading to delays and shortages in delivering these materials. This affected the usual production and deployment of off-grid solar systems. The financial slowdown caused by lockdowns and restrictions resulted in reduced demand for off-grid solar solutions. The economic uncertainty and prioritization of essential needs during the pandemic led to a decline in sales and installations.
The key players profiled in this report include ABB Ltd., Schneider Electric SE, Canadian Solar, Engie, SMA Solar Technology ag, Jinko Solar Holding Co. Ltd, SunPower Corporation, Delta Electronics, Greenlight Plant, and Hanwha Group. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
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.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global off-grid solar market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Residential
Commercial
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ABB Ltd.
Schneider Electric SE
Canadian Solar
Engie
SMA Solar Technology ag
Jinko Solar Holding Co. Ltd
SunPower Corporation
Delta Electronics
greenlight plant
Hanwha Group
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Market Share Analysis
- 3.8. Patent Landscape
- 3.9. Regulatory Guidelines
- 3.10. Value Chain Analysis
- CHAPTER 4: OFF-GRID SOLAR MARKET, BY APPLICATION
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Residential
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Commercial
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Industrial
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- CHAPTER 5: OFF-GRID SOLAR MARKET, BY REGION
- 5.1. Overview
- 5.1.1. Market size and forecast By Region
- 5.2. North America
- 5.2.1. Key trends and opportunities
- 5.2.2. Market size and forecast, by Application
- 5.2.3. Market size and forecast, by country
- 5.2.3.1. U.S.
- 5.2.3.1.1. Key market trends, growth factors and opportunities
- 5.2.3.1.2. Market size and forecast, by Application
- 5.2.3.2. Canada
- 5.2.3.2.1. Key market trends, growth factors and opportunities
- 5.2.3.2.2. Market size and forecast, by Application
- 5.2.3.3. Mexico
- 5.2.3.3.1. Key market trends, growth factors and opportunities
- 5.2.3.3.2. Market size and forecast, by Application
- 5.3. Europe
- 5.3.1. Key trends and opportunities
- 5.3.2. Market size and forecast, by Application
- 5.3.3. Market size and forecast, by country
- 5.3.3.1. Germany
- 5.3.3.1.1. Key market trends, growth factors and opportunities
- 5.3.3.1.2. Market size and forecast, by Application
- 5.3.3.2. UK
- 5.3.3.2.1. Key market trends, growth factors and opportunities
- 5.3.3.2.2. Market size and forecast, by Application
- 5.3.3.3. France
- 5.3.3.3.1. Key market trends, growth factors and opportunities
- 5.3.3.3.2. Market size and forecast, by Application
- 5.3.3.4. Spain
- 5.3.3.4.1. Key market trends, growth factors and opportunities
- 5.3.3.4.2. Market size and forecast, by Application
- 5.3.3.5. Italy
- 5.3.3.5.1. Key market trends, growth factors and opportunities
- 5.3.3.5.2. Market size and forecast, by Application
- 5.3.3.6. Rest of Europe
- 5.3.3.6.1. Key market trends, growth factors and opportunities
- 5.3.3.6.2. Market size and forecast, by Application
- 5.4. Asia-Pacific
- 5.4.1. Key trends and opportunities
- 5.4.2. Market size and forecast, by Application
- 5.4.3. Market size and forecast, by country
- 5.4.3.1. China
- 5.4.3.1.1. Key market trends, growth factors and opportunities
- 5.4.3.1.2. Market size and forecast, by Application
- 5.4.3.2. Japan
- 5.4.3.2.1. Key market trends, growth factors and opportunities
- 5.4.3.2.2. Market size and forecast, by Application
- 5.4.3.3. India
- 5.4.3.3.1. Key market trends, growth factors and opportunities
- 5.4.3.3.2. Market size and forecast, by Application
- 5.4.3.4. South Korea
- 5.4.3.4.1. Key market trends, growth factors and opportunities
- 5.4.3.4.2. Market size and forecast, by Application
- 5.4.3.5. Australia
- 5.4.3.5.1. Key market trends, growth factors and opportunities
- 5.4.3.5.2. Market size and forecast, by Application
- 5.4.3.6. Rest of Asia-Pacific
- 5.4.3.6.1. Key market trends, growth factors and opportunities
- 5.4.3.6.2. Market size and forecast, by Application
- 5.5. LAMEA
- 5.5.1. Key trends and opportunities
- 5.5.2. Market size and forecast, by Application
- 5.5.3. Market size and forecast, by country
- 5.5.3.1. Brazil
- 5.5.3.1.1. Key market trends, growth factors and opportunities
- 5.5.3.1.2. Market size and forecast, by Application
- 5.5.3.2. UAE
- 5.5.3.2.1. Key market trends, growth factors and opportunities
- 5.5.3.2.2. Market size and forecast, by Application
- 5.5.3.3. Saudi Arabia
- 5.5.3.3.1. Key market trends, growth factors and opportunities
- 5.5.3.3.2. Market size and forecast, by Application
- 5.5.3.4. South Africa
- 5.5.3.4.1. Key market trends, growth factors and opportunities
- 5.5.3.4.2. Market size and forecast, by Application
- 5.5.3.5. Rest of LAMEA
- 5.5.3.5.1. Key market trends, growth factors and opportunities
- 5.5.3.5.2. Market size and forecast, by Application
- CHAPTER 6: COMPETITIVE LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product Mapping of Top 10 Player
- 6.4. Competitive Dashboard
- 6.5. Competitive Heatmap
- 6.6. Top player positioning, 2021
- CHAPTER 7: COMPANY PROFILES
- 7.1. ABB Ltd.
- 7.1.1. Company overview
- 7.1.2. Key Executives
- 7.1.3. Company snapshot
- 7.2. Schneider Electric SE
- 7.2.1. Company overview
- 7.2.2. Key Executives
- 7.2.3. Company snapshot
- 7.3. Canadian Solar
- 7.3.1. Company overview
- 7.3.2. Key Executives
- 7.3.3. Company snapshot
- 7.4. Engie
- 7.4.1. Company overview
- 7.4.2. Key Executives
- 7.4.3. Company snapshot
- 7.5. SMA Solar Technology ag
- 7.5.1. Company overview
- 7.5.2. Key Executives
- 7.5.3. Company snapshot
- 7.6. Jinko Solar Holding Co. Ltd
- 7.6.1. Company overview
- 7.6.2. Key Executives
- 7.6.3. Company snapshot
- 7.7. SunPower Corporation
- 7.7.1. Company overview
- 7.7.2. Key Executives
- 7.7.3. Company snapshot
- 7.8. Delta Electronics
- 7.8.1. Company overview
- 7.8.2. Key Executives
- 7.8.3. Company snapshot
- 7.9. greenlight plant
- 7.9.1. Company overview
- 7.9.2. Key Executives
- 7.9.3. Company snapshot
- 7.10. Hanwha Group
- 7.10.1. Company overview
- 7.10.2. Key Executives
- 7.10.3. Company snapshot
- LIST OF TABLES
- TABLE 01. GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 02. OFF-GRID SOLAR MARKET FOR RESIDENTIAL, BY REGION, 2021-2031 ($MILLION)
- TABLE 03. OFF-GRID SOLAR MARKET FOR COMMERCIAL, BY REGION, 2021-2031 ($MILLION)
- TABLE 04. OFF-GRID SOLAR MARKET FOR INDUSTRIAL, BY REGION, 2021-2031 ($MILLION)
- TABLE 05. OFF-GRID SOLAR MARKET, BY REGION, 2021-2031 ($MILLION)
- TABLE 06. NORTH AMERICA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 07. NORTH AMERICA OFF-GRID SOLAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
- TABLE 08. U.S. OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 09. CANADA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 10. MEXICO OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 11. EUROPE OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 12. EUROPE OFF-GRID SOLAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
- TABLE 13. GERMANY OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 14. UK OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 15. FRANCE OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 16. SPAIN OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 17. ITALY OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 18. REST OF EUROPE OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 19. ASIA-PACIFIC OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 20. ASIA-PACIFIC OFF-GRID SOLAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
- TABLE 21. CHINA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 22. JAPAN OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 23. INDIA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 24. SOUTH KOREA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 25. AUSTRALIA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 26. REST OF ASIA-PACIFIC OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 27. LAMEA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 28. LAMEA OFF-GRID SOLAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
- TABLE 29. BRAZIL OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 30. UAE OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 31. SAUDI ARABIA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 32. SOUTH AFRICA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 33. REST OF LAMEA OFF-GRID SOLAR MARKET, BY APPLICATION, 2021-2031 ($MILLION)
- TABLE 34. ABB LTD.: KEY EXECUTIVES
- TABLE 35. ABB LTD.: COMPANY SNAPSHOT
- TABLE 36. SCHNEIDER ELECTRIC SE: KEY EXECUTIVES
- TABLE 37. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
- TABLE 38. CANADIAN SOLAR: KEY EXECUTIVES
- TABLE 39. CANADIAN SOLAR: COMPANY SNAPSHOT
- TABLE 40. ENGIE: KEY EXECUTIVES
- TABLE 41. ENGIE: COMPANY SNAPSHOT
- TABLE 42. SMA SOLAR TECHNOLOGY AG: KEY EXECUTIVES
- TABLE 43. SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
- TABLE 44. JINKO SOLAR HOLDING CO. LTD: KEY EXECUTIVES
- TABLE 45. JINKO SOLAR HOLDING CO. LTD: COMPANY SNAPSHOT
- TABLE 46. SUNPOWER CORPORATION: KEY EXECUTIVES
- TABLE 47. SUNPOWER CORPORATION: COMPANY SNAPSHOT
- TABLE 48. DELTA ELECTRONICS: KEY EXECUTIVES
- TABLE 49. DELTA ELECTRONICS: COMPANY SNAPSHOT
- TABLE 50. GREENLIGHT PLANT: KEY EXECUTIVES
- TABLE 51. GREENLIGHT PLANT: COMPANY SNAPSHOT
- TABLE 52. HANWHA GROUP: KEY EXECUTIVES
- TABLE 53. HANWHA GROUP: COMPANY SNAPSHOT
- LIST OF FIGURES
- FIGURE 01. OFF-GRID SOLAR MARKET, 2021-2031
- FIGURE 02. SEGMENTATION OF OFF-GRID SOLAR MARKET, 2021-2031
- FIGURE 03. TOP INVESTMENT POCKETS IN OFF-GRID SOLAR MARKET (2022-2031)
- FIGURE 04. PORTER FIVE-1
- FIGURE 05. PORTER FIVE-2
- FIGURE 06. PORTER FIVE-3
- FIGURE 07. PORTER FIVE-4
- FIGURE 08. PORTER FIVE-5
- FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALOFF-GRID SOLAR MARKET
- FIGURE 10. IMPACT OF KEY REGULATION: OFF-GRID SOLAR MARKET
- FIGURE 11. MARKET SHARE ANALYSIS: OFF-GRID SOLAR MARKET
- FIGURE 12. PATENT ANALYSIS BY COMPANY
- FIGURE 13. PATENT ANALYSIS BY COUNTRY
- FIGURE 14. REGULATORY GUIDELINES: OFF-GRID SOLAR MARKET
- FIGURE 15. VALUE CHAIN ANALYSIS: OFF-GRID SOLAR MARKET
- FIGURE 16. OFF-GRID SOLAR MARKET, BY APPLICATION, 2021(%)
- FIGURE 17. COMPARATIVE SHARE ANALYSIS OF OFF-GRID SOLAR MARKET FOR RESIDENTIAL, BY COUNTRY 2021 AND 2031(%)
- FIGURE 18. COMPARATIVE SHARE ANALYSIS OF OFF-GRID SOLAR MARKET FOR COMMERCIAL, BY COUNTRY 2021 AND 2031(%)
- FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OFF-GRID SOLAR MARKET FOR INDUSTRIAL, BY COUNTRY 2021 AND 2031(%)
- FIGURE 20. OFF-GRID SOLAR MARKET BY REGION, 2021
- FIGURE 21. U.S. OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 22. CANADA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 23. MEXICO OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 24. GERMANY OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 25. UK OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 26. FRANCE OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 27. SPAIN OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 28. ITALY OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 29. REST OF EUROPE OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 30. CHINA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 31. JAPAN OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 32. INDIA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 33. SOUTH KOREA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 34. AUSTRALIA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 35. REST OF ASIA-PACIFIC OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 36. BRAZIL OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 37. UAE OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 38. SAUDI ARABIA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 39. SOUTH AFRICA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 40. REST OF LAMEA OFF-GRID SOLAR MARKET, 2021-2031 ($MILLION)
- FIGURE 41. TOP WINNING STRATEGIES, BY YEAR
- FIGURE 42. TOP WINNING STRATEGIES, BY DEVELOPMENT
- FIGURE 43. TOP WINNING STRATEGIES, BY COMPANY
- FIGURE 44. PRODUCT MAPPING OF TOP 10 PLAYERS
- FIGURE 45. COMPETITIVE DASHBOARD
- FIGURE 46. COMPETITIVE HEATMAP: OFF-GRID SOLAR MARKET
- FIGURE 47. TOP PLAYER POSITIONING, 2021
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