Off-grid solar is a system that allow the users to store their solar power batteries for use when the power grid goes down. The off-grid provide power to offset the grid power whenever the sun is visible and also send excess power to the grid for later use. The major end-users for the off-grid solar system are the households that lack access to electricity connection to the national or main grid. These households form a potential customer base for off-grid devices.

The global off-grid solar market is estimated to expand at ~12.50% CAGR during the forecast period.

Global off-grid solar market is expected to witness substantial growth during the forecast period owing to minimization of carbon footprint and less electricity costs. Asia Pacific is expected to be the fastest-growing market, by region, during the forecast period.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7227

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.

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.

Access Complete Report @ https://www.marketresearchfuture.com/reports/off-grid-solar-market-7227

Segmental Analysis:

Based on application, the off-grid solar market is segmented into residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient resources and rising renewable projects in remote areas. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the product, the market is segmented as up to 10 W, 11-50 W, 51-100 W, and above 100 W. Up to 10 W segment accounts for largest share in the off-grid solar market due to its rising installation in residential sector.

Asia Pacific accounts for the largest market share in the Off-Grid Solar Market

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.

View More Info @ https://on.mktw.net/2PB2KDz

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]