Off Grid Solar Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130320
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:9.43
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.43
Energy & Power-companies
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Report Overview

Off-Grid Solar Market Analysis By Type (Solar Home Systems, Solar Lanterns, Solar Pumps, Others), By Application (Residential, Commercial, Industrial, Agricultural, Others), and By Region Forecast to 2032:

The Off-Grid Solar Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the need for reliable and clean energy solutions in remote and underserved areas, advancements in solar technology, and the growing emphasis on sustainability and energy independence.

Off-Grid Solar Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Off-Grid Solar Market is the demand for reliable electricity access in off-grid and remote regions where traditional grid infrastructure is absent or unreliable. Off-grid solar solutions, including solar home systems and solar lanterns, provide a sustainable and affordable source of power to communities and households in these areas.

Advancements in solar technology, such as improved solar panel efficiency and energy storage solutions, are making off-grid solar systems more cost-effective and practical. These technological advancements are driving market growth by expanding the range of applications and increasing the adoption of off-grid solar solutions.

Trends:

An emerging trend in the Off-Grid Solar Market is the use of solar energy for agricultural applications, including irrigation and crop management. Solar pumps and other off-grid solar solutions are being deployed to address the energy needs of rural and agricultural communities, enhancing agricultural productivity and sustainability.

Restraints:

One of the key challenges hindering the growth of the Off-Grid Solar Market is the initial cost of investment. While off-grid solar solutions offer long-term cost savings and environmental benefits, the upfront costs can be a barrier to adoption, particularly in regions with limited access to financing and credit.

Off-Grid Solar Market Segmentation By Type:

  • Solar Home Systems: Solar home systems are designed to power households and provide lighting, phone charging, and small appliance support in off-grid areas.
  • Solar Lanterns: Solar lanterns offer portable and efficient lighting solutions for both residential and commercial use in areas with limited access to electricity.
  • Solar Pumps: Solar pumps are used for agricultural and irrigation purposes, providing a reliable source of energy for water pumping.
  • Others: This category includes various off-grid solar solutions, such as solar refrigerators and solar-powered community charging stations.

Off-Grid Solar Market Segmentation By Application:

  • Residential: Off-grid solar solutions for residential use are vital for providing electricity access to households in remote and underserved areas.
  • Commercial: Commercial establishments, including small businesses and shops, rely on off-grid solar solutions for lighting and powering essential equipment.
  • Industrial: Off-grid solar systems play a role in supporting small-scale industries and cottage businesses, contributing to economic development.
  • Agricultural: Solar pumps and off-grid energy solutions are crucial for meeting the energy needs of agricultural activities, particularly in rural areas.

Regional Overview:


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  • Africa is expected to be a key contributor to the global Off-Grid Solar Market, as the continent has a significant off-grid population and a growing demand for clean energy solutions. Initiatives and investments in off-grid solar projects are driving market growth in Africa.
  • Asia-Pacific also presents substantial growth opportunities, with countries like India and Bangladesh promoting off-grid solar solutions to electrify remote and off-grid areas.

Off-Grid Solar Market Customer Landscape:

The Off-Grid Solar Market serves a diverse range of customers, including individuals, households, small businesses, agricultural communities, and nonprofit organizations. Understanding the unique energy needs and economic conditions of these customer segments is essential for market players.

Major Off-Grid Solar Market Companies:

Companies in the off-grid solar market focus on product innovation, distribution networks, and partnerships to expand their market presence and provide sustainable energy solutions to underserved communities.

Example companies include:

  1. d.light Solar: d.light Solar specializes in solar lanterns and home systems, with a focus on providing affordable and reliable off-grid lighting solutions to off-grid communities.
  2. Greenlight Planet: Greenlight Planet offers solar home systems and solar lanterns designed for households and small businesses in off-grid areas.
  3. SunCulture: SunCulture provides solar-powered irrigation systems and agricultural solutions, addressing the energy needs of rural and agricultural communities.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Lumos Global
  • Azuri Technologies
  • BBOXX
  • Mobisol
  • Off Grid Electric
  • Schneider Electric
  • Goal Zero
  • Solux
  • Renogy

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their product offerings and market share.

Segment Overview:

The Off-Grid Solar Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Type Outlook (USD Million, 2019 - 2032):
    • Solar Home Systems
    • Solar Lanterns
    • Solar Pumps
    • Others
  • Application Outlook (USD Million, 2019 - 2032):
    • Residential
    • Commercial
    • Industrial
    • Agricultural
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Rest of Asia-Pacific
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL OFF-GRID SOLAR MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. OFF-GRID SOLAR MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Off-Grid Solar Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. OFF-GRID SOLAR MARKET BY Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Solar Panels

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Batteries

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Controllers and Inverters

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. OFF-GRID SOLAR MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Residential

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Non-Residential

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. OFF-GRID SOLAR MARKET REGIONAL OUTLOOK

7.1. Off-Grid Solar Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Off-Grid Solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Off-Grid Solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Off-Grid Solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Off-Grid Solar Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Off-Grid Solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. ABB

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Schneider Electric

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Canadian Solar

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Engie

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. SMA Solar Technology Ag

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Jinko Solar Holding Co., Ltd

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. SunPower Corporation

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Hanwha Group

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. M-KOPA Kenya

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Oolu Solar

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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