1 EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL OFF-GRID SOLAR MARKET, BY TYPE
1.1.2. GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION
1.1.3. GLOBAL OFF-GRID SOLAR MARKET, BY REGION
2 MARKET INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
3.6. LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1. INTRODUCTION
4.2. DRIVERS
4.2.1. INCREASING SHARE OF SOLAR ENERGY SOURCES IN THE GLOBAL ENERGY MIX
4.2.2. GROWING ADOPTION OF OFF-GRID SOLAR IN DEVELOPING AND RURAL AREAS
4.3. RESTRAINTS
4.3.1. HIGH INITIAL INVESTMENTS
4.4. OPPORTUNITIES
4.4.1. SMALL AND MEDIUM ENTERPRISES (SMES) SWITCHING TO SOLAR ENERGY
5 MARKET FACTOR ANALYSIS
5.1. VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
5.2. PORTERβS FIVE FORCES MODEL
5.2.1. BARGAINING POWER OF SUPPLIERS
5.2.2. BARGAINING POWER OF BUYERS
5.2.3. THREAT OF NEW ENTRANTS
5.2.4. THREAT OF SUBSTITUTES
5.2.5. INTENSITY OF RIVALRY
6 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE
6.1. INTRODUCTION
6.2. SOLAR PANELS
6.3. BATTERIES
6.4. CONTROLLERS
6.5. INVERTERS
7 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION
7.1. INTRODUCTION
7.2. RESIDENTIAL
7.3. NON-RESIDENTIAL
8 GLOBAL OFF-GRID SOLAR MARKET, BY REGION
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. US
8.2.2. CANADA
8.2.3. MEXICO
8.3. EUROPE
8.3.1. GERMANY
8.3.2. UK
8.3.3. FRANCE
8.3.4. REST OF EUROPE
8.4. ASIA-PACIFIC
8.4.1. CHINA
8.4.2. INDIA
8.4.3. INDONESIA
8.4.4. BANGLADESH
8.4.5. REST OF ASIA-PACIFIC
8.5. MIDDLE EAST & AFRICA
8.5.1. SAUDI ARABIA
8.5.2. UAE
8.5.3. ANGOLA
8.5.4. NIGERIA
8.5.5. MOZAMBIQUE
8.5.6. KENYA
8.5.7. UGANDA
8.5.8. SOUTH AFRICA
8.5.9. REST OF MIDDLE EAST & AFRICA
8.6. SOUTH AMERICA
8.6.1. BRAZIL
8.6.2. CHILE
8.6.3. REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1. INTRODUCTION
9.2. COMPETITIVE OVERVIEW
9.3. COMPETITIVE BENCHMARKING
9.4. MARKET SHARE ANALYSIS
10 COMPANY PROFILES
10.1. ABB
10.1.1. COMPANY OVERVIEW
10.1.2. FINANCIAL OVERVIEW
10.1.3. PRODUCTS/INSTALLATIONS OFFERED
10.1.4. KEY DEVELOPMENTS
10.1.5. SWOT ANALYSIS
10.1.6. KEY STRATEGIES
10.2. SCHNEIDER ELECTRIC
10.2.1. COMPANY OVERVIEW
10.2.2. FINANCIAL OVERVIEW
10.2.3. PRODUCTS/INSTALLATIONS OFFERED
10.2.4. KEY DEVELOPMENTS
10.2.5. SWOT ANALYSIS
10.2.6. KEY STRATEGIES
10.3. CANADIAN SOLAR
10.3.1. COMPANY OVERVIEW
10.3.2. FINANCIAL OVERVIEW
10.3.3. PRODUCTS/INSTALLATIONS OFFERED
10.3.4. KEY DEVELOPMENTS
10.3.5. SWOT ANALYSIS
10.3.6. KEY STRATEGIES
10.4. ENGIE
10.4.1. COMPANY OVERVIEW
10.4.2. FINANCIAL OVERVIEW
10.4.3. PRODUCTS/INSTALLATIONS OFFERED
10.4.4. KEY DEVELOPMENTS
10.4.5. SWOT ANALYSIS
10.4.6. KEY STRATEGIES
10.5. SMA SOLAR TECHNOLOGY AG
10.5.1. COMPANY OVERVIEW
10.5.2. FINANCIAL OVERVIEW
10.5.3. PRODUCTS/INSTALLATIONS OFFERED
10.5.4. KEY DEVELOPMENTS
10.5.5. SWOT ANALYSIS
10.5.6. KEY STRATEGIES
10.6. JINKO SOLAR HOLDING CO., LTD.
10.6.1. COMPANY OVERVIEW
10.6.2. FINANCIAL OVERVIEW
10.6.3. PRODUCTS/INSTALLATIONS OFFERED
10.6.4. KEY DEVELOPMENTS
10.6.5. SWOT ANALYSIS
10.6.6. KEY STRATEGIES
10.7. SUNPOWER CORPORATION
10.7.1. COMPANY OVERVIEW
10.7.2. FINANCIAL OVERVIEW
10.7.3. PRODUCTS/INSTALLATIONS OFFERED
10.7.4. KEY DEVELOPMENTS
10.8. HANWHA GROUP
10.8.1. COMPANY OVERVIEW
10.8.2. FINANCIAL OVERVIEW
10.8.3. PRODUCTS/INSTALLATIONS OFFERED
10.8.4. KEY DEVELOPMENTS
10.9. M-KOPA KENYA
10.9.1. COMPANY OVERVIEW
10.9.2. FINANCIAL OVERVIEW
10.9.3. PRODUCTS/INSTALLATIONS OFFERED
10.9.4. KEY DEVELOPMENTS
10.10. OOLU SOLAR
10.10.1. COMPANY OVERVIEW
10.10.2. FINANCIAL OVERVIEW
10.10.3. PRODUCTS/INSTALLATIONS OFFERED
10.10.4. KEY DEVELOPMENTS
10.11. SOLECTRIA RENEWABLES, LLC
10.11.1. COMPANY OVERVIEW
10.11.2. FINANCIAL OVERVIEW
10.11.3. PRODUCTS/INSTALLATIONS OFFERED
10.11.4. KEY DEVELOPMENTS
10.12. DELTA ELECTRONICS, INC.
10.12.1. COMPANY OVERVIEW
10.12.2. FINANCIAL OVERVIEW
10.12.3. PRODUCTS/INSTALLATIONS OFFERED
10.12.4. KEY DEVELOPMENTS
11 List Of Tables
TABLE 1 PRIMARY INTERVIEWS 21
TABLE 2 LIST OF ASSUMPTIONS 25
TABLE 3 GLOBAL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 39
TABLE 4 GLOBAL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 42
TABLE 5 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2020β2027 (USD MILLION) 44
TABLE 6 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 45
TABLE 7 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 45
TABLE 8 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 46
TABLE 9 US OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 46
TABLE 10 US OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 47
TABLE 11 CANADA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 47
TABLE 12 CANADA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 48
TABLE 13 MEXICO OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 48
TABLE 14 MEXICO OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 49
TABLE 15 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 50
TABLE 16 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 50
TABLE 17 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 51
TABLE 18 GERMANY OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 51
TABLE 19 GERMANY OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 52
TABLE 20 UK OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 52
TABLE 21 UK OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 53
TABLE 22 FRANCE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 53
TABLE 23 FRANCE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 54
TABLE 24 REST OF EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 54
TABLE 25 REST OF EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 55
TABLE 26 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 56
TABLE 27 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 56
TABLE 28 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 57
TABLE 29 CHINA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 57
TABLE 30 CHINA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 58
TABLE 31 INDIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 58
TABLE 32 INDIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 59
TABLE 33 INDONESIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 59
TABLE 34 INDONESIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 60
TABLE 35 BANGLADESH OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 60
TABLE 36 BANGLADESH OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 61
TABLE 37 REST OF ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 61
TABLE 38 REST OF ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 62
TABLE 39 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 63
TABLE 40 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 63
TABLE 41 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 64
TABLE 42 BRAZIL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 64
TABLE 43 BRAZIL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 65
TABLE 44 CHILE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 65
TABLE 45 CHILE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 66
TABLE 46 REST OF SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 66
TABLE 47 REST OF SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 67
TABLE 48 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 68
TABLE 49 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 68
TABLE 50 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 69
TABLE 51 UAE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 69
TABLE 52 UAE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 70
TABLE 53 SAUDI ARABIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 70
TABLE 54 SAUDI ARABIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 71
TABLE 55 ANGOLA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 71
TABLE 56 ANGOLA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 72
TABLE 57 NIGERIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 72
TABLE 58 NIGERIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 73
TABLE 59 MOZAMBIQUE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 73
TABLE 60 MOZAMBIQUE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 74
TABLE 61 KENYA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 74
TABLE 62 KENYA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 75
TABLE 63 SOUTH AFRICAOFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 75
TABLE 64 SOUTH AFRICAOFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 76
TABLE 65 UGANDA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 76
TABLE 66 UGANDA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 77
TABLE 67 REST OF MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 77
TABLE 68 REST OF MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025
(USD MILLION) 78
TABLE 69 ABB: PRODUCTS OFFERED 84
TABLE 70 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 87
TABLE 71 CANADIAN SOLAR: PRODUCTS OFFERED 90
TABLE 72 ENGIE: PRODUCTS OFFERED 92
TABLE 73 ENGIE: KEY DEVELOPMENTS 92
TABLE 74 SMA SOLAR TECHNOLOGY AG: PRODUCTS OFFERED 95
TABLE 75 JINKO SOLAR HOLDING CO. LTD: PRODUCTS OFFERED 98
TABLE 76 JINKO SOLAR HOLDING CO. LTD: KEY DEVELOPMENTS 98
TABLE 77 SUNPOWER CORPORATION: PRODUCTS OFFERED 100
TABLE 78 SUNPOWER CORPORATION: KEY DEVELOPMENTS 100
TABLE 79 HANWHA GROUP: PRODUCTS OFFERED 101
TABLE 80 HANWHA GROUP: KEY DEVELOPMENTS 102
TABLE 81 M-KOPA KENYA: PRODUCTS OFFERED 103
TABLE 82 OOLU SOLAR: PRODUCTS OFFERED 104
TABLE 83 SOLECTRIA RENEWABLES, LLC: PRODUCTS OFFERED 105
TABLE 84 SOLECTRIA RENEWABLES, LLC: KEY DEVELOPMENTS 105
TABLE 85 DELTA ELECTRONICS, INC: PRODUCTS OFFERED 107
TABLE 86 DELTA ELECTRONICS, INC: KEY DEVELOPMENTS 108
12 List Of Figure
FIGURE 1 MARKET SYNOPSIS 13
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 14
FIGURE 3 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY TYPE 15
FIGURE 4 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY APPLICATION 16
FIGURE 5 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY REGION 17
FIGURE 6 GLOBAL OFF-GRID SOLAR MARKET: STRUCTURE 18
FIGURE 7 KEY BUYING CRITERIA FOR GLOBAL OFF-GRID SOLAR 19
FIGURE 8 RESEARCH PROCESS 20
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 10 NORTH AMERICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 26
FIGURE 11 EUROPE: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 26
FIGURE 12 ASIA-PACIFIC: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 27
FIGURE 13 MIDDLE EAST & AFRICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 27
FIGURE 14 SOUTH AMERICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2019 VS.MA 2026) 28
FIGURE 15 DRO ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 29
FIGURE 16 SUPPLY CHAIN ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 34
FIGURE 17 PORTER'S FIVE FORCES ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 36
FIGURE 18 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE, 2019 (% SHARE) 38
FIGURE 19 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 38
FIGURE 20 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION, 2019 (% SHARE) 41
FIGURE 21 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION, 2020 TO 2025 (USD MILLION) 41
FIGURE 22 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2019 (% SHARE) 43
FIGURE 23 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2020β2027 (USD MILLION) 43
FIGURE 24 BENCHMARKING OF MAJOR COMPETITORS 80
FIGURE 25 GLOBAL OFF-GRID SOLAR MARKET SHARE ANALYSIS, 2019 81
FIGURE 26 ABB: FINANCIAL OVERVIEW SNAPSHOT 83
FIGURE 27 ABB: SWOT ANALYSIS 85
FIGURE 28 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 29 SCHNEIDER ELECTRIC: SWOT ANALYSIS 87
FIGURE 30 CANADIAN SOLAR: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 31 CANADIAN SOLAR: SWOT ANALYSIS 90
FIGURE 32 ENGIE: FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 33 ENGIE: SWOT ANALYSIS 92
FIGURE 34 SMA SOLAR TECHNOLOGY AG: FINANCIAL OVERVIEW SNAPSHOT 95
FIGURE 35 SMA SOLAR TECHNOLOGY AG: SWOT ANALYSIS 96
FIGURE 36 JINKO SOLAR HOLDING CO. LTD: FINANCIAL OVERVIEW SNAPSHOT 97
FIGURE 37 SUNPOWER CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 99
FIGURE 38 HANWHA GROUP.: FINANCIAL OVERVIEW SNAPSHOT 101
FIGURE 39 DELTA ELECTRONICS, INC.: FINANCIAL OVERVIEW SNAPSHOT 1071 EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL OFF-GRID SOLAR MARKET, BY TYPE
1.1.2. GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION
1.1.3. GLOBAL OFF-GRID SOLAR MARKET, BY REGION
2 MARKET INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
3.6. LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1. INTRODUCTION
4.2. DRIVERS
4.2.1. INCREASING SHARE OF SOLAR ENERGY SOURCES IN THE GLOBAL ENERGY MIX
4.2.2. GROWING ADOPTION OF OFF-GRID SOLAR IN DEVELOPING AND RURAL AREAS
4.3. RESTRAINTS
4.3.1. HIGH INITIAL INVESTMENTS
4.4. OPPORTUNITIES
4.4.1. SMALL AND MEDIUM ENTERPRISES (SMES) SWITCHING TO SOLAR ENERGY
5 MARKET FACTOR ANALYSIS
5.1. VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
5.2. PORTERβS FIVE FORCES MODEL
5.2.1. BARGAINING POWER OF SUPPLIERS
5.2.2. BARGAINING POWER OF BUYERS
5.2.3. THREAT OF NEW ENTRANTS
5.2.4. THREAT OF SUBSTITUTES
5.2.5. INTENSITY OF RIVALRY
6 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE
6.1. INTRODUCTION
6.2. SOLAR PANELS
6.3. BATTERIES
6.4. CONTROLLERS
6.5. INVERTERS
7 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION
7.1. INTRODUCTION
7.2. RESIDENTIAL
7.3. NON-RESIDENTIAL
8 GLOBAL OFF-GRID SOLAR MARKET, BY REGION
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. US
8.2.2. CANADA
8.2.3. MEXICO
8.3. EUROPE
8.3.1. GERMANY
8.3.2. UK
8.3.3. FRANCE
8.3.4. REST OF EUROPE
8.4. ASIA-PACIFIC
8.4.1. CHINA
8.4.2. INDIA
8.4.3. INDONESIA
8.4.4. BANGLADESH
8.4.5. REST OF ASIA-PACIFIC
8.5. MIDDLE EAST & AFRICA
8.5.1. SAUDI ARABIA
8.5.2. UAE
8.5.3. ANGOLA
8.5.4. NIGERIA
8.5.5. MOZAMBIQUE
8.5.6. KENYA
8.5.7. UGANDA
8.5.8. SOUTH AFRICA
8.5.9. REST OF MIDDLE EAST & AFRICA
8.6. SOUTH AMERICA
8.6.1. BRAZIL
8.6.2. CHILE
8.6.3. REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1. INTRODUCTION
9.2. COMPETITIVE OVERVIEW
9.3. COMPETITIVE BENCHMARKING
9.4. MARKET SHARE ANALYSIS
10 COMPANY PROFILES
10.1. ABB
10.1.1. COMPANY OVERVIEW
10.1.2. FINANCIAL OVERVIEW
10.1.3. PRODUCTS/INSTALLATIONS OFFERED
10.1.4. KEY DEVELOPMENTS
10.1.5. SWOT ANALYSIS
10.1.6. KEY STRATEGIES
10.2. SCHNEIDER ELECTRIC
10.2.1. COMPANY OVERVIEW
10.2.2. FINANCIAL OVERVIEW
10.2.3. PRODUCTS/INSTALLATIONS OFFERED
10.2.4. KEY DEVELOPMENTS
10.2.5. SWOT ANALYSIS
10.2.6. KEY STRATEGIES
10.3. CANADIAN SOLAR
10.3.1. COMPANY OVERVIEW
10.3.2. FINANCIAL OVERVIEW
10.3.3. PRODUCTS/INSTALLATIONS OFFERED
10.3.4. KEY DEVELOPMENTS
10.3.5. SWOT ANALYSIS
10.3.6. KEY STRATEGIES
10.4. ENGIE
10.4.1. COMPANY OVERVIEW
10.4.2. FINANCIAL OVERVIEW
10.4.3. PRODUCTS/INSTALLATIONS OFFERED
10.4.4. KEY DEVELOPMENTS
10.4.5. SWOT ANALYSIS
10.4.6. KEY STRATEGIES
10.5. SMA SOLAR TECHNOLOGY AG
10.5.1. COMPANY OVERVIEW
10.5.2. FINANCIAL OVERVIEW
10.5.3. PRODUCTS/INSTALLATIONS OFFERED
10.5.4. KEY DEVELOPMENTS
10.5.5. SWOT ANALYSIS
10.5.6. KEY STRATEGIES
10.6. JINKO SOLAR HOLDING CO., LTD.
10.6.1. COMPANY OVERVIEW
10.6.2. FINANCIAL OVERVIEW
10.6.3. PRODUCTS/INSTALLATIONS OFFERED
10.6.4. KEY DEVELOPMENTS
10.6.5. SWOT ANALYSIS
10.6.6. KEY STRATEGIES
10.7. SUNPOWER CORPORATION
10.7.1. COMPANY OVERVIEW
10.7.2. FINANCIAL OVERVIEW
10.7.3. PRODUCTS/INSTALLATIONS OFFERED
10.7.4. KEY DEVELOPMENTS
10.8. HANWHA GROUP
10.8.1. COMPANY OVERVIEW
10.8.2. FINANCIAL OVERVIEW
10.8.3. PRODUCTS/INSTALLATIONS OFFERED
10.8.4. KEY DEVELOPMENTS
10.9. M-KOPA KENYA
10.9.1. COMPANY OVERVIEW
10.9.2. FINANCIAL OVERVIEW
10.9.3. PRODUCTS/INSTALLATIONS OFFERED
10.9.4. KEY DEVELOPMENTS
10.10. OOLU SOLAR
10.10.1. COMPANY OVERVIEW
10.10.2. FINANCIAL OVERVIEW
10.10.3. PRODUCTS/INSTALLATIONS OFFERED
10.10.4. KEY DEVELOPMENTS
10.11. SOLECTRIA RENEWABLES, LLC
10.11.1. COMPANY OVERVIEW
10.11.2. FINANCIAL OVERVIEW
10.11.3. PRODUCTS/INSTALLATIONS OFFERED
10.11.4. KEY DEVELOPMENTS
10.12. DELTA ELECTRONICS, INC.
10.12.1. COMPANY OVERVIEW
10.12.2. FINANCIAL OVERVIEW
10.12.3. PRODUCTS/INSTALLATIONS OFFERED
10.12.4. KEY DEVELOPMENTS
11 List Of Tables
TABLE 1 PRIMARY INTERVIEWS 21
TABLE 2 LIST OF ASSUMPTIONS 25
TABLE 3 GLOBAL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 39
TABLE 4 GLOBAL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 42
TABLE 5 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2020β2027 (USD MILLION) 44
TABLE 6 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 45
TABLE 7 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 45
TABLE 8 NORTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 46
TABLE 9 US OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 46
TABLE 10 US OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 47
TABLE 11 CANADA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 47
TABLE 12 CANADA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 48
TABLE 13 MEXICO OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 48
TABLE 14 MEXICO OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 49
TABLE 15 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 50
TABLE 16 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 50
TABLE 17 EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 51
TABLE 18 GERMANY OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 51
TABLE 19 GERMANY OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 52
TABLE 20 UK OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 52
TABLE 21 UK OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 53
TABLE 22 FRANCE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 53
TABLE 23 FRANCE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 54
TABLE 24 REST OF EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 54
TABLE 25 REST OF EUROPE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 55
TABLE 26 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 56
TABLE 27 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 56
TABLE 28 ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 57
TABLE 29 CHINA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 57
TABLE 30 CHINA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 58
TABLE 31 INDIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 58
TABLE 32 INDIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 59
TABLE 33 INDONESIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 59
TABLE 34 INDONESIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 60
TABLE 35 BANGLADESH OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 60
TABLE 36 BANGLADESH OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 61
TABLE 37 REST OF ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 61
TABLE 38 REST OF ASIA-PACIFIC OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 62
TABLE 39 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 63
TABLE 40 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 63
TABLE 41 SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 64
TABLE 42 BRAZIL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 64
TABLE 43 BRAZIL OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 65
TABLE 44 CHILE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 65
TABLE 45 CHILE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 66
TABLE 46 REST OF SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 66
TABLE 47 REST OF SOUTH AMERICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 67
TABLE 48 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027 (USD MILLION) 68
TABLE 49 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 68
TABLE 50 MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 69
TABLE 51 UAE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 69
TABLE 52 UAE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 70
TABLE 53 SAUDI ARABIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 70
TABLE 54 SAUDI ARABIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 71
TABLE 55 ANGOLA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 71
TABLE 56 ANGOLA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 72
TABLE 57 NIGERIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 72
TABLE 58 NIGERIA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 73
TABLE 59 MOZAMBIQUE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 73
TABLE 60 MOZAMBIQUE OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 74
TABLE 61 KENYA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 74
TABLE 62 KENYA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 75
TABLE 63 SOUTH AFRICAOFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 75
TABLE 64 SOUTH AFRICAOFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 76
TABLE 65 UGANDA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 76
TABLE 66 UGANDA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025 (USD MILLION) 77
TABLE 67 REST OF MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027 (USD MILLION) 77
TABLE 68 REST OF MIDDLE EAST & AFRICA OFF-GRID SOLAR: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020β2025
(USD MILLION) 78
TABLE 69 ABB: PRODUCTS OFFERED 84
TABLE 70 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 87
TABLE 71 CANADIAN SOLAR: PRODUCTS OFFERED 90
TABLE 72 ENGIE: PRODUCTS OFFERED 92
TABLE 73 ENGIE: KEY DEVELOPMENTS 92
TABLE 74 SMA SOLAR TECHNOLOGY AG: PRODUCTS OFFERED 95
TABLE 75 JINKO SOLAR HOLDING CO. LTD: PRODUCTS OFFERED 98
TABLE 76 JINKO SOLAR HOLDING CO. LTD: KEY DEVELOPMENTS 98
TABLE 77 SUNPOWER CORPORATION: PRODUCTS OFFERED 100
TABLE 78 SUNPOWER CORPORATION: KEY DEVELOPMENTS 100
TABLE 79 HANWHA GROUP: PRODUCTS OFFERED 101
TABLE 80 HANWHA GROUP: KEY DEVELOPMENTS 102
TABLE 81 M-KOPA KENYA: PRODUCTS OFFERED 103
TABLE 82 OOLU SOLAR: PRODUCTS OFFERED 104
TABLE 83 SOLECTRIA RENEWABLES, LLC: PRODUCTS OFFERED 105
TABLE 84 SOLECTRIA RENEWABLES, LLC: KEY DEVELOPMENTS 105
TABLE 85 DELTA ELECTRONICS, INC: PRODUCTS OFFERED 107
TABLE 86 DELTA ELECTRONICS, INC: KEY DEVELOPMENTS 108
12 List Of Figure
FIGURE 1 MARKET SYNOPSIS 13
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 14
FIGURE 3 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY TYPE 15
FIGURE 4 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY APPLICATION 16
FIGURE 5 GLOBAL OFF-GRID SOLAR MARKET ANALYSIS, BY REGION 17
FIGURE 6 GLOBAL OFF-GRID SOLAR MARKET: STRUCTURE 18
FIGURE 7 KEY BUYING CRITERIA FOR GLOBAL OFF-GRID SOLAR 19
FIGURE 8 RESEARCH PROCESS 20
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 10 NORTH AMERICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 26
FIGURE 11 EUROPE: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 26
FIGURE 12 ASIA-PACIFIC: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 27
FIGURE 13 MIDDLE EAST & AFRICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2020 VS. 2027) 27
FIGURE 14 SOUTH AMERICA: OFF-GRID SOLAR SIZE & MARKET SHARE, BY COUNTRY (2019 VS.MA 2026) 28
FIGURE 15 DRO ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 29
FIGURE 16 SUPPLY CHAIN ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 34
FIGURE 17 PORTER'S FIVE FORCES ANALYSIS: GLOBAL OFF-GRID SOLAR MARKET 36
FIGURE 18 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE, 2019 (% SHARE) 38
FIGURE 19 GLOBAL OFF-GRID SOLAR MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 38
FIGURE 20 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION, 2019 (% SHARE) 41
FIGURE 21 GLOBAL OFF-GRID SOLAR MARKET, BY APPLICATION, 2020 TO 2025 (USD MILLION) 41
FIGURE 22 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2019 (% SHARE) 43
FIGURE 23 GLOBAL OFF-GRID SOLAR MARKET, BY REGION, 2020β2027 (USD MILLION) 43
FIGURE 24 BENCHMARKING OF MAJOR COMPETITORS 80
FIGURE 25 GLOBAL OFF-GRID SOLAR MARKET SHARE ANALYSIS, 2019 81
FIGURE 26 ABB: FINANCIAL OVERVIEW SNAPSHOT 83
FIGURE 27 ABB: SWOT ANALYSIS 85
FIGURE 28 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 29 SCHNEIDER ELECTRIC: SWOT ANALYSIS 87
FIGURE 30 CANADIAN SOLAR: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 31 CANADIAN SOLAR: SWOT ANALYSIS 90
FIGURE 32 ENGIE: FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 33 ENGIE: SWOT ANALYSIS 92
FIGURE 34 SMA SOLAR TECHNOLOGY AG: FINANCIAL OVERVIEW SNAPSHOT 95
FIGURE 35 SMA SOLAR TECHNOLOGY AG: SWOT ANALYSIS 96
FIGURE 36 JINKO SOLAR HOLDING CO. LTD: FINANCIAL OVERVIEW SNAPSHOT 97
FIGURE 37 SUNPOWER CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 99
FIGURE 38 HANWHA GROUP.: FINANCIAL OVERVIEW SNAPSHOT 101
FIGURE 39 DELTA ELECTRONICS, INC.: FINANCIAL OVERVIEW SNAPSHOT 107
$5 Billion
8.62%
Asia Pacific
2022-2030
Off-Grid Solar Market is estimated to exhibit a CAGR of 8.62% over the forecast period (2022-2030), according to Market Research Future (MRFR). 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.
APAC is expected to dominate the global off-grid solar market owing to the demand for solar energy, potential in renewable energy projects, and investments in rural areas. Schemes for electrification of villages and incentives provided by governments for boosting solar energy use can drive the regional market demand. Sustainable goals of countries in the region to lower carbon emission levels and meeting power demand can bode well for the market. This is exemplified by the establishment of a solar power plant by the collaboration of Shapoorji Pallonji and Private Company Limited and ReNew Power India.
North America is expected to be lucrative for the global off-grid solar market owing to adoption of clean energy technologies and growing residential activities. Industries are largest consumers of electricity and use of thin films for storing energy in maximum sunlit areas. In addition, long-term contracts by vendors and suppliers for maintenance and servicing of panels can bode well for the market. Awareness of financial incentives and adherence to the Paris Agreement by the U.S. government can bode well for the off-grid solar market.
The global off-grid solar market is competitive with countries providing funds and grants to large companies for breakthrough innovations. Sustainable development schemes as well as aims for electrification of struggling economies are opportunities driving leading market players. Recycling and e-waste management underline the major challenges to be overtaken for gaining the edge over the competition.
The COVID-19 pandemic has negatively impacted the global off-grid solar market owing to the hit to production lines and shutdown of solar plants. The growth in renewable energy has risen considerably in the first quarter of 2020 owing to approval of several solar energy schemes and initiatives. According to statistics released by the International Energy Agency, distributed solar photovoltaic panels attributed close to 20% of renewable energy capacity in 2019. Installation of solar energy panels owing to their procurement by small and medium enterprises can drive the demand during the forecast period.
Off-grid solar systems are increasingly finding applications in rural areas for providing an alternative to grid extensions. It is required for lowering the emission levels of greenhouse gases and successfully making the switch to alternative energy. Acknowledgement of solar energy and incentives provided to people can drive its sales. The Malaysian government has decided to use off-grid solar equipment for electrifying a village in Sarawak, east Malaysia.
Small and medium-sized enterprises can take advantage of grid-based electricity to attain their needs. Grid defection rates can be lowered in situations of hybrid plants offering distributed energy services. Village lighting schemes and establishment of microgrids can lead to storage of solar energy in off-site grids. Rise of microgrid companies and crowdfunding platforms for driving investments can drive the demand in the global off-grid solar market.
The need for high capital investments for establishing off-grid panels and setting up storage points can deter market players. In addition, the hesitancy of customers in urban areas can be detrimental to market growth.
The off-grid solar market growth is expected to be modest owing to investments in renewable energy projects and initial hesitancy by various solar energy providers. The large population and increasing industrialization can induce growth for solar PV panels and grids for storage of energy.
Solar panels are expected to command a heavy demand in the global off-grid solar market owing to increased capacities of the equipment and entry of various solar PV manufacturers. Low installation costs and paucity of land drawbacks are resolved easily with low cost off grid equipment. Low maintenance and management costs are likely to influence market demand significantly.
Batteries are a storage option for storing solar energy on the chance of solar panels not being utilized. Capacity and power rating of solar batteries are considered vital parameters for driving market demand. The long battery lifespan can be an attractive incentive for purchasing of batteries and off-grid equipment.
The non-residential segment is expected to rule the market owing to demand for solar power by small and medium enterprises. Focus on renewable energy and steady economic growth can drive the demand for off-grid equipment. Small firms are installing solar panels for meeting their energy requirement and ending contracts with utility companies.
Report Scope
Global Off-Grid Solar Market report by MRFR provides insights on renewable energy production and the scope of solar energy production. The insights gleaned from thorough primary and secondary research can act as a lodestar for future investors. It is segmented in the following manner for easier comprehension of readers:
By Type
By Application
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | 8.62% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Hanwha Group (South Korea), M-KOPA Kenya (Kenya), Delta Electronics Inc. (Taiwan), Jinko Solar Holding Co. Ltd. (China), SunPower Corporation (U.S.), ABB (Switzerland), Solectria Renewables LLC (Japan), Canadian Solar (Canada), Engie (France), Schneider Electric (France), Oolu Solar (Senegal), SMA Solar Technology Ag (Germany) |
Key Market Opportunities | Small and medium enterprises (smes) switching to solar energy |
Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Off-grid solar market is expected to strike 8.62% CAGR.
By type, the segments of the off-grid solar market are up to 10 W, 51-100 W, 11-50 W, and above 100 W.
The up to 100W segment is anticipated to secure the pole position in the off-grid solar market.
The segments assessed in the report, based on application, are commercial, residential, and industrial.
The key participants are Schneider Electric, Canadian Solar, Solar Power Rocks, SMA Solar Technology, Yingli Solar, Backwoods Solar, Su-Kam Power Systems, HelioPower, and Greenlight Planet.