The global off-grid solar market is set to witness significant growth due to Rising population in the countries such as India and China are mainly driving the off-grid solar market. The implementation of off-grid devices in the region is also driven by increased availability and affordability of small solar devices such as solar lights and lighting kits. Moreover, the major issue of electrification in the region is being tackled through various solar products with tailored solutions. For instance, stand-alone solar products in the region involves catering to various applications such as solar home systems, and community lighting solutions, among others.

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Off-grid solar finds application majorly in remote areas which are far away from electricity grid. There are two types of off-grid systems, namely, AC coupled system and DC coupled system. Solar off-grid systems help to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy.

Segmental Overview

The off-grid solar market has been segmented based on application into as residential, commercial, and industrial. Residential segment is expected to dominate the market during the forecast period due to rising use of off-grid solar system as source of back-up power. Industrial segment is also the prominent segment as most of the industries are located in remote areas where the connection from the main or national grid keeps on fluctuating.

Key Players

The key players of the global off-grid solar market are Schneider Electric, SMA Solar Technology, Canadaian Solar, Yingli Solar, Su-Kam Power Systems, Backwoods Solar, HelioPower, Solar Power Rocks, Greenlight Planet, and Off Grid By Design.

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Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global off-grid solar market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.

Regional Outlook

Region wise, Asia Pacific held the largest market share of the global off-grid solar market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for off-grid solar systems by the residential sector. The off-grid solar market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

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