Off-grid Solar PV Panels Market Size, Share & Trends Analysis Report By Technology (Thin Film, Crystalline Silicon, Others), By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 - 2030

Off-grid Solar PV Panels Market Size, Share & Trends Analysis Report By Technology (Thin Film, Crystalline Silicon, Others), By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 - 2030

Off-grid Solar PV Panels Market Growth & Trends

The global off-grid solar PV panels market size is expected to reach USD 4.84 billion by 2030, registering a CAGR of 8.47%, according to a new report by Grand View Research, Inc. Increasing adoption of renewable sources of energy owing to encouraging government policies is expected to boost the market growth.

Rapid industrialization and population growth have resulted in a sharp rise in global demand for the electricity. The energy sector is apparently moving towards clean sources of power resulting in rise in the installation of solar panels, which in turn is expected to drive the industry growth.

Additionally, major countries are planning to increase the installation of solar panels during the subsequent period, which is further estimated to propel the off-grid solar PV panels market during the projection period. Based on technology, thin films emerged as the largest segment for off-grid solar PV panels.

The rise in implementation of clean sources of energy for industrial and commercial electricity generation, has resulted in growing deployment of off-grid solar PV panels that are ideal for the locations having abundant sunlight and zones that experience frequent grid failure leading to power outages. The major factor driving the global off-grid solar market is the declining cost of solar PV and batteries. Residential segment is projected to grow at the fastest rate during the forecast period due to the growing construction activities in residential sector.

Major suppliers and vendors are offering long-term contracts to the owners covering regular maintenance and servicing of the panels, driving up the off-grid solar PV panels market growth till 2030.

COVID-19 led to the global economic slowdown further leading to decreased individual earnings and unemployment thereby hampering the growth of off-grid solar market.

Off-grid Solar PV Panels Market Report Highlights

  • In 2021, the thin-film segment emerged as the largest segment and accounted for 40.43% share owing to its narrow design, strong durability, and manufacturing from flexible & lightweight materials
  • The U.S. emerged as the largest off-grid solar PV panels market in North America in 2021. The U.S. is recognized as one of the second-largest in terms of adoption of PV panels in the world owing to the rise in consumption of PV panels, with an exponential increase in the power bills
  • In 2021, Asia Pacific held the largest market share because of the increasing electricity costs and grid infrastructure expenses across China and India
  • Industrial segment accounted for the highest market share in 2021. The industrial segment is the largest consumer of electricity in the world with more than half of the globe’s produced capacity that is being used by it
  • Middle East and Africa held the significant market share owing to the rising investment towards renewable sources of energy from Saudi Arabia and other countries, which are opting for cleaner sources to generate electricity
  • In 2021, Central & South America solar PV panels market is expected to develop at a substantial rate during the forecast period. This growth is ascribed to the rising demand for the renewable energy, supportive government policies, efforts to reduce greenhouse gas emissions, and decreasing cost of the solar PV panels
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Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR Internal Database
1.2.3 Secondary Source & Third-Party Perspectives
1.2.4 Primary Research
1.3 Information Analysis
1.3.1 Data analysis models
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
1.6 Research Scope & Assumptions
1.7 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Off-Grid Solar PV Panels Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.2 Market Penetration & Growth Prospects
3.3 Value Chain Analysis
3.4 Technology Overview
3.5 Regulatory Framework
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.2 Market Restraint analysis
3.6.3 Market Challenges
3.7 Business Environment Analysis
3.7.1 Porter’s Five Forces Analysis
3.7.2 PESTEL Analysis
3.8 Impact of COVID-19 on Off-Grid Solar PV Panels Market 
Chapter 4 Off-Grid Solar PV Panels Market: By Technology Estimates & Trend Analysis
4.1 Off-Grid Solar PV Panels Market Share Analysis by Technology, 2021 & 2030
4.2 Global Off-Grid Solar PV Panels Market Size & Forecasts and Trend Analysis By Technology, 2019 to 2030 (USD Million)
4.2.1 Thin Film
4.2.1.1 Market estimates and forecasts, 2019 - 2030 (USD Million)
4.2.1.2 Crystalline Silicon
4.2.1.2.1 Market estimates and forecasts, 2019 - 2030 (USD Million)
4.2.1.3 Others
4.2.1.3.1 Market estimates and forecasts, 2019 to 2030 (USD Million)
Chapter 5 Off-Grid Solar PV Panels Market: By Application Estimates & Trend Analysis
5.1 Off-Grid Solar PV Panels Market Share Analysis by Application, 2021 & 2030
5.2 Global Off-Grid Solar PV Panels Market Size & Forecasts and Trend Analysis By Application, 2019 to 2030 (USD Million)
5.2.1 Residential
5.2.1.1 Market estimates and forecasts, 2019 to 2030 (USD Million)
5.2.2 Commercial
5.2.2.1 Market estimates and forecasts, 2019 to 2030 (USD Million)
5.2.3 Industrial
5.2.3.1 Market estimates and forecasts, 2019 to 2030 (USD Million)
Chapter 6 Solar PV Panels: Regional Estimates & Trend Analysis
6.1 Regional Market Snapshot
6.2 Market Share Analysis by Region, 2021 & 2030
6.3 North America
6.3.1 North America Off-Grid Solar PV Panels Market Estimates And Forecasts, by Technology, 2019 to 2030 (USD Million)
6.3.2 North America Off-Grid Solar PV Panels Market Estimates and Forecasts, by application, 2019 to 2030 (USD Million)
6.3.3 U.S.
6.3.3.1 U.S. Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.3.3.2 U.S. Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.3.3 Canada
6.3.3.1 Canada Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.3.3.2 Canada Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.3.3 Mexico
6.3.3.1 Mexico Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.3.3.2 Mexico Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.4 Europe
6.4.1 Europe Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.2 Europe Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.4.3 UK
6.4.3.1 UK Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.3.2 UK Off-Grid Solar PV Panels market estimates and forecasts, BY Application, 2019 to 2030 (USD Million)
6.4.4 Russia
6.4.4.1 Russia Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.4.2 Russia Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.4.5 Italy
6.4.5.1 Italy Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.5.2 Italy Off-Grid Solar PV Panels market estimates and forecasts, BY Application, 2019 to 2030 (USD Million)
6.4.6 Germany
6.4.6.1 Germany Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.6.2 Germany Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.4.7 Spain
6.4.7.1 Spain Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.7.2 Spain Off-Grid Solar PV Panels market estimates and forecasts, BY Application, 2019 to 2030 (USD Million)
6.4.8 France
6.4.8.1 France Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.4.8.2 France Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.5 Asia Pacific
6.5.1 Asia Pacific Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.2 Asia Pacific Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.5.3 China
6.5.3.1 China Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.3.2 China Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.5.4 India
6.5.4.1 India Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.4.2 India Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.5.5 Japan
6.5.5.1 Japan Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.5.2 Japan Off-Grid Solar PV Panels market estimates and forecasts, BY Application, 2019 to 2030 (USD Million)
6.5.6 South Korea
6.5.6.1 South Korea Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.6.2 South korea Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.5.7 Australia
6.5.7.1 Australia Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.5.7.2 Australia Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.6 Central & South America
6.6.1 Central & South America Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.6.2 Central & South America Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.6.1 Brazil
6.6.1.1 Brazil Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.6.1.2 Brazil Off-Grid Solar PV Panels market estimates and forecasts, by Application, 2019 to 2030 (USD Million)
6.6.2 Colombia
6.6.2.1 Colombia Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.6.2.2 Colombia Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.6.3 Paraguay
6.6.3.1 Paraguay Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.6.3.2 Paraguay Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.7 Middle East & Africa
6.7.1 Middle East & Africa Off-Grid Solar PV Panels Market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.7.2 Middle East & Africa Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.7.3 Saudi Arabia
6.7.3.1 Saudi Arabia Off-Grid Solar PV Panels market Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.7.3.2 Saudi Arabia Off-Grid Solar PV Panels market estimates and forecasts, by Application, 2019 to 2030 (USD Million)
6.7.4 South Africa
6.7.4.1 South Africa Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.7.4.2 South Africa Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.7.5 Egypt
6.7.5.1 Egypt Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.7.5.2 Egypt Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
6.7.6 UAE
6.7.6.1 UAE Off-Grid Solar PV Panels Estimates and Forecasts, by Technology, 2019 to 2030 (USD Million)
6.7.6.2 UAE Off-Grid Solar PV Panels Market Estimates and Forecasts, by Application, 2019 to 2030 (USD Million)
Chapter 7 Competitive & Vendor Landscape
7.1 Key Global Players & Recent Developments & Their Impact on the Industry
7.2 Vendor Landscape
7.3 Company Market Position Analysis
Chapter 8 Company Profiles
8.1 Jinko Solar
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 JA Solar
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Trina Solar
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 LONGi Solar
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Canadian Solar
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Sun Power Corporation
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 First Solar
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 Tale sun
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 Hanwha Q-CELLS
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4Strategic Initiatives
8.10 Risen Energy
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4Strategic Initiatives

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