Authored By: Sarah
14 Jun 2021

Off-grid Solar Power Systems Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the off-grid solar power systems market and it is expected to grow by $ 2.97 bn, accelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Off-grid Solar Power Systems Market: Key Trends to impact market growth

The Growing Pay-As-You-Go (PAYG) model is one of the key off-grid solar power systems market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Off-grid Solar Power Systems Market: Top Drivers to Boost Demand

The High cost of grid expansion is one of the primary factors driving the growth of the off-grid solar power systems market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Off-grid Solar Power Systems Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Vendor Analysis: ABB Ltd., ENGIE SA and Gem Energy Australia Pty. Ltd. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding Co. Ltd. are some of the major market participants.

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Off-grid Solar Power Systems Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive off-grid solar power systems market growth during the next five years
  • Precise estimation of the off-grid solar power systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the off-grid solar power systems market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of off-grid solar power systems market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 11%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.97 bn through 2020-2024.

     
  3. What is a key factor driving this market?
    {{driver_1} will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, MEA, North America, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    48% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding Co. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Non-residential and Residential) and Geography (APAC, Europe, MEA, North America, and South America)
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