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India Off Grid Solar Market

ID: MRFR/EnP/52585-HCR
200 Pages
Snehal Singh
October 2025

India Off-Grid Solar Market Research Report By Type (Solar Panel, Battery, Controller, Inverter, Others) and By Application (Residential, Non-Residential, Others) - Forecast to 2035

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India Off Grid Solar Market Summary

As per Market Research Future analysis, the Off-grid Solar Market Size was estimated at 274.0 USD Million in 2024. The off grid-solar market is projected to grow from 303.35 USD Million in 2025 to 839.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 10.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India off grid-solar market is experiencing robust growth driven by increasing demand for clean energy solutions and innovative financing mechanisms.

  • The largest segment in the India off grid-solar market is residential solar systems, while the fastest-growing segment is commercial solar solutions.
  • Technological advancements in solar systems are enhancing efficiency and reducing costs, thereby attracting more consumers.
  • Innovative financing mechanisms are making solar energy more accessible to a broader audience, particularly in rural areas.
  • Key market drivers include increasing energy access in rural areas and government incentives and subsidies that support solar adoption.

Market Size & Forecast

2024 Market Size 274.0 (USD Million)
2035 Market Size 839.0 (USD Million)
CAGR (2025 - 2035) 10.71%

Major Players

SolarCity (US), Sungevity (US), Off Grid Electric (TZ), d.light (IN), BBOXX (GB), M-KOPA (KE), Azuri Technologies (GB), Greenlight Planet (IN)

India Off Grid Solar Market Trends

The off grid-solar market is experiencing notable growth, driven by increasing energy demands and a push for sustainable solutions. In India, the reliance on traditional energy sources has prompted a shift towards renewable alternatives, particularly solar energy. This transition is supported by government initiatives aimed at enhancing energy access in rural areas, where grid connectivity remains limited. The off grid-solar market is becoming a viable option for households and businesses seeking reliable and clean energy solutions. Furthermore, advancements in solar technology and decreasing costs of solar panels are making off grid-solar systems more accessible to a broader audience. In addition to technological improvements, the off grid-solar market is witnessing a rise in innovative financing models. These models facilitate investment in solar projects, enabling consumers to adopt solar solutions without significant upfront costs. The growing awareness of environmental issues and the need for energy independence are further propelling the adoption of off grid-solar systems. As the market evolves, it appears poised to play a crucial role in India's energy landscape, contributing to both economic development and environmental sustainability.

Rising Demand for Clean Energy Solutions

The off grid-solar market is witnessing an increasing demand for clean energy solutions. This trend is largely driven by the need for sustainable alternatives to fossil fuels, as consumers and businesses seek to reduce their carbon footprints. The emphasis on renewable energy sources aligns with national policies promoting energy efficiency and environmental conservation.

Innovative Financing Mechanisms

Innovative financing mechanisms are emerging within the off grid-solar market, enabling broader access to solar technology. These models, such as pay-as-you-go systems and microfinancing, allow consumers to invest in solar solutions without the burden of high initial costs. This trend is likely to enhance market penetration, particularly in underserved regions.

Technological Advancements in Solar Systems

Technological advancements are significantly impacting the off grid-solar market. Improvements in solar panel efficiency and battery storage capabilities are making solar systems more effective and reliable. These innovations are expected to drive further adoption, as consumers seek efficient and long-lasting energy solutions.

India Off Grid Solar Market Drivers

Rising Energy Costs

The escalating costs of conventional energy sources are driving interest in the off grid-solar market in India. As fossil fuel prices fluctuate and grid electricity becomes increasingly expensive, consumers are seeking alternative energy solutions. The average cost of electricity from the grid has risen by approximately 10% over the past few years, prompting households and businesses to consider solar energy as a viable option. Off grid-solar systems offer a cost-effective solution, particularly in areas where grid connectivity is unreliable or non-existent. This trend suggests that as energy prices continue to rise, the off grid-solar market may see accelerated growth as more individuals and enterprises turn to solar power.

Growing Environmental Awareness

Growing environmental awareness among consumers is a key driver of the off grid-solar market in India. As awareness of climate change and environmental degradation increases, more individuals and businesses are seeking sustainable energy solutions. The off grid-solar market aligns with these values, offering a clean and renewable energy source that reduces carbon footprints. Surveys indicate that over 70% of consumers are willing to invest in renewable energy solutions, reflecting a shift in consumer preferences. This heightened environmental consciousness is likely to propel the off grid-solar market forward, as more people prioritize sustainability in their energy choices.

Government Incentives and Subsidies

Government incentives and subsidies play a crucial role in propelling the off grid-solar market in India. The Indian government has implemented several policies to promote renewable energy, including financial incentives for solar installations. For instance, the Ministry of New and Renewable Energy (MNRE) offers subsidies that can cover up to 30% of the installation costs for off grid solar systems. This financial support lowers the barrier to entry for consumers and businesses, making solar energy more accessible. As these incentives continue to evolve, they are expected to stimulate growth in the off grid-solar market, encouraging more investments and installations across the country.

Increasing Energy Access in Rural Areas

The off grid-solar market in India is experiencing a notable surge due to the increasing demand for energy access in rural areas. Approximately 300 million people in India still lack reliable electricity, which creates a substantial market opportunity for off grid-solar solutions. The government has initiated various programs aimed at electrifying remote regions, thereby enhancing the appeal of solar energy systems. These initiatives not only provide essential power for lighting and appliances but also support local businesses and improve quality of life. As rural electrification progresses, the off grid-solar market is likely to expand, driven by the need for sustainable and affordable energy solutions.

Technological Innovations in Solar Storage

Technological innovations in solar storage solutions are significantly impacting the off grid-solar market in India. Advances in battery technology, such as lithium-ion batteries, have improved energy storage capabilities, allowing users to store excess solar energy for use during non-sunny periods. This development enhances the reliability and efficiency of off grid-solar systems, making them more attractive to consumers. As storage solutions become more affordable and efficient, the off grid-solar market is likely to benefit from increased adoption rates. The integration of smart technologies also allows for better energy management, further driving the growth of this market segment.

Market Segment Insights

Off-Grid Solar Market Type Insights

The India Off-Grid Solar Market highlights a robust growth trajectory underscored by diverse Type segments, namely Solar Panel, Battery, Controller, Inverter, and others, which contribute to a multifaceted energy solution. Solar panels are pivotal as they harness sunlight, transforming it into electricity, making them integral to the energy landscape in rural and remote areas across India where access to grid power remains limited. The Indian government has initiated various schemes to promote solar energy, enhancing the installation of these panels, particularly in states abundant in sunlight.

The solar panel segment is characterized by significant technological advancements, with increasing efficiency rates and declining costs, further catalyzing adoption among consumers. 

Batteries are another crucial component of the Off-Grid Solar Market, serving as storage solutions that enable energy availability during non-sunny periods, thereby ensuring a consistent power supply. This is particularly vital in India, where power outages are commonplace, and battery technology continues to evolve with innovations aimed at improving longevity and reducing costs for consumers. The battery segment supports the broader goal of energy independence and self-sufficiency, which is essential for rural electrification initiatives.

Off-Grid Solar Market Application Insights

The Application segment of the India Off-Grid Solar Market plays a crucial role in addressing the country's growing energy needs, particularly in areas lacking reliable grid access. The market consists of various domains such as Residential, Non-Residential, and Others, each contributing to the broader landscape of solar energy adoption. Residential applications are vital, catering to households that seek sustainable energy solutions, ultimately enhancing energy security and independence. Non-Residential applications encompass commercial enterprises, educational institutions, and healthcare facilities, driving demand for efficient off-grid solar solutions that can reduce operational costs.

Additionally, the Others category includes industrial setups and agricultural uses, indicating a growing trend toward solar adoption across diverse sectors. The Indian government’s initiatives to promote renewable energy usage through subsidies and financial incentives have further bolstered the growth in this market landscape. Enhanced awareness of the environmental benefits and long-term cost savings is driving this market's expansion. Overall, these dynamics suggest a promising outlook for the India Off-Grid Solar Market as it adapts to various application needs, fostering a cleaner and more sustainable energy future for the country.

Get more detailed insights about India Off Grid Solar Market

Key Players and Competitive Insights

The off grid-solar market in India is characterized by a dynamic competitive landscape, driven by increasing energy demands and a growing emphasis on sustainable solutions. Key players such as d.light (IN), Greenlight Planet (IN), and Off Grid Electric (TZ) are actively shaping the market through innovative strategies and operational focuses. d.light (IN) has positioned itself as a leader in providing affordable solar solutions, emphasizing product diversification and customer-centric services. Greenlight Planet (IN) focuses on expanding its distribution networks and enhancing customer engagement through digital platforms, while Off Grid Electric (TZ) leverages partnerships to enhance its service offerings and reach underserved communities. Collectively, these strategies contribute to a competitive environment that prioritizes accessibility and sustainability.

In terms of business tactics, localization of manufacturing and supply chain optimization are pivotal. The market appears moderately fragmented, with numerous players vying for market share. However, the influence of key players is substantial, as they set benchmarks for quality and service delivery. The collective efforts of these companies to streamline operations and enhance product offerings are likely to shape the market structure, fostering a competitive yet collaborative atmosphere.

In October 2025, d.light (IN) announced a partnership with local NGOs to expand its reach in rural areas, aiming to provide solar solutions to over 1 million households by 2026. This strategic move underscores the importance of community engagement and localized solutions in addressing energy poverty. By collaborating with NGOs, d.light (IN) not only enhances its market penetration but also strengthens its brand reputation as a socially responsible entity.

In September 2025, Greenlight Planet (IN) launched a new line of solar home systems equipped with smart technology, allowing users to monitor energy consumption via a mobile app. This innovation reflects a growing trend towards digitalization in the off grid-solar market, enabling consumers to manage their energy use more effectively. The introduction of smart technology positions Greenlight Planet (IN) as a forward-thinking player, likely attracting tech-savvy consumers and enhancing customer loyalty.

In August 2025, Off Grid Electric (TZ) secured a $10 million investment to expand its operations in India, focusing on enhancing its product offerings and service delivery. This influx of capital is expected to bolster its competitive edge, allowing for further innovation and improved customer service. The investment signifies confidence in the Indian market and highlights the potential for growth in the off grid-solar sector.

As of November 2025, current trends in the off grid-solar market include a pronounced shift towards digitalization, sustainability, and the integration of AI technologies. Strategic alliances among companies are increasingly shaping the competitive landscape, fostering innovation and collaboration. The evolution of competitive differentiation appears to be moving away from price-based competition towards a focus on technological advancements, reliability in supply chains, and enhanced customer experiences. This shift suggests that companies that prioritize innovation and sustainability will likely emerge as leaders in the evolving market.

Key Companies in the India Off Grid Solar Market include

Industry Developments

The India Off-Grid Solar Market has seen significant developments recently, with various companies like Renew Power and Tata Power Solar enhancing their product offerings. In October 2023, Selco India launched an innovative financing scheme aimed at making solar solutions more accessible to rural communities. Greenlight Planet has reported steady growth, emphasizing the increasing consumer interest in solar home systems. In terms of mergers and acquisitions, Simpa Networks was acquired by a prominent investor in September 2023, a move that is expected to bolster its operations in off-grid solar energy solutions.

Additionally, Mahindra Susten announced investments in technology to enhance energy efficiency in its solar installations. As of 2022, the market size for India's off-grid solar sector was estimated at USD 1.5 billion, illustrating a growth trend supported by government initiatives to increase renewable energy adoption. Companies like Loom Solar and Amplus Solar are also ramping up efforts to capture a larger market share by targeting underserved regions across the country. The focus remains on sustainable energy solutions amidst rising energy demands, aligning with India's commitment to achieving 500 GW of renewable energy capacity by 2030.

Future Outlook

India Off Grid Solar Market Future Outlook

The off grid-solar market in India is projected to grow at a 10.71% CAGR from 2024 to 2035, driven by increasing energy demand, technological advancements, and supportive government policies.

New opportunities lie in:

  • Development of innovative financing models for rural solar installations.
  • Expansion of solar microgrid solutions in underserved regions.
  • Partnerships with local businesses for solar product distribution.

By 2035, the off grid-solar market is expected to achieve substantial growth and market penetration.

Market Segmentation

India Off Grid Solar Market Type Outlook

  • Solar Panel
  • Battery
  • Controller
  • Inverter
  • Others

India Off Grid Solar Market Application Outlook

  • Residential
  • Non-Residential
  • Others

Report Scope

MARKET SIZE 2024 274.0(USD Million)
MARKET SIZE 2025 303.35(USD Million)
MARKET SIZE 2035 839.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 10.71% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled SolarCity (US), Sungevity (US), Off Grid Electric (TZ), d.light (IN), BBOXX (GB), M-KOPA (KE), Azuri Technologies (GB), Greenlight Planet (IN)
Segments Covered Type, Application
Key Market Opportunities Growing demand for sustainable energy solutions drives innovation in the off grid-solar market.
Key Market Dynamics Rising demand for off grid-solar solutions driven by regulatory support and technological advancements in India.
Countries Covered India

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FAQs

What is the expected market size of the India Off-Grid Solar Market in 2024?

The India Off-Grid Solar Market is expected to be valued at 400 million USD in 2024.

What will be the estimated market value of the India Off-Grid Solar Market by 2035?

By 2035, the market is projected to reach a value of 1200 million USD.

What is the expected compound annual growth rate (CAGR) for the India Off-Grid Solar Market from 2025 to 2035?

The market is anticipated to grow at a CAGR of 10.503 percent during the forecast period from 2025 to 2035.

Which segment of the India Off-Grid Solar Market is expected to have the largest share in 2024?

The solar panel segment is expected to dominate the market with a value of 160 million USD in 2024.

What is the expected market value for the battery segment of the India Off-Grid Solar Market in 2035?

The battery segment is projected to reach a market value of 300 million USD by 2035.

Who are the major competitors in the India Off-Grid Solar Market?

Key players in the market include Renew Power, Sunkalp Renewable Solutions, Selco India, and Tata Power Solar among others.

What will be the market value of the inverter segment in 2035?

The inverter segment is forecasted to be valued at 210 million USD in 2035.

How much is the controller segment expected to be worth in 2024?

The controller segment is expected to have a market value of 40 million USD in 2024.

What opportunities exist for growth within the India Off-Grid Solar Market?

Emerging trends include increased energy demand and a push for renewable energy solutions, providing significant growth opportunities.

What are the anticipated challenges facing the India Off-Grid Solar Market by 2035?

Challenges may include regulatory hurdles and competition from alternative energy sources as the market evolves.

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