The global Off-grid Solar Power Systems market was valued at USD 2.8 Billion in 2020 and is projected to reach USD 6.45 Billion by 2028, growing at a CAGR of 11%% from 2021 to 2028.
Off-grid solar solutions are an alternative for storing renewable energy amid the looming energy crisis and fluctuations in oil prices. Off-grid solar systems can work independently and store energy with the help of batteries. International agreements on lowering carbon emissions and pushing forward on sustainable development schemes are major factors driving the market.
This report provides an analysis of the Off-grid Solar Power Systems market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028.
The report covers exhaustive analysis on the global Off-grid Solar Power Systems industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Regional Analysis: Preview
Based on the geography, the global Off-grid Solar Power Systems market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The regional analysis section also provides qualitative analysis comprising of regional trends such as drivers, restraints, opportunities and regulatory norms. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.
Global Off-grid Solar Power Systems market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
The global Off-grid Solar Power Systems market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Off-grid Solar Power Systems market are SMA Solar Technology, OutBack Power Inc, M-KOPA Kenya, Energy Informative, Schneider Electric, Wholesale Solar, Wind & Sun, Greenlight Planet, Morningstar Corporation, and Su-Kam Power Systems.
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