Off-grid Solar Power Systems Market
Off-grid Solar Power Systems Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
VMR-2021-0777
Segments Covered
By
Type Inverters, Controllers, Solar Panels, Batteries
-
By
Application Residential, Non-residential
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.8 Billion |
 Revenue 2028:
|
6.45 Billion |
 Revenue CAGR
(2021 - 2028): |
11% |
Fastest Growing Region (2022 -
2028)
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Inverters, , Controllers, , Solar Panels, , Batteries,. Inverter held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Application, the market is divided into Residential, Non-residential. Non Residential
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Off-grid Solar Power Systems Market: Type Segment Analysis
-
- Inverters
- Controllers
- Solar Panels
- Batteries
Global Off-grid Solar Power Systems Market: Application Segment Analysis
-
- Residential
- Non-residential
FAQ
Frequently Asked Question
What is the global demand for Off-grid Solar Power Systems in terms of revenue?
-
The global Off-grid Solar Power Systems valued at 2.8 Billion in 2020 and is expected to reach 6.45 Billion in 2028 growing at a CAGR of 11%%.
Which are the prominent players in the market?
-
The prominent players in the market are SMA Solar Technology, OutBack Power Inc, M-KOPA Kenya, Energy Informative, Schneider Electric, Wholesale Solar, Wind & Sun, Greenlight Planet, Morningstar Corporation, Su-Kam Power Systems..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 11%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Off-grid Solar Power Systems include
- The adoption of off-grid Solar equipment in rural areas primarily to make electricity available is driving the market growth.
- The switch of SMEs to solar power as the government is focusing on subsidizing the renewable power contract is driving the market growth.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Off-grid Solar Power Systems in 2020.
