Report Details

Global Off-grid Solar Power Systems Market Current & Future Scenario 2022-2027

Global Off-grid Solar Power Systems Market Current & Future Scenario 2022-2027

Report Format PDF & Excel
Pages 118
Publish Date Jan, 2018

About Off-grid Solar Power Systems

Off-grid solar power systems are standalone systems that help households, commercial and industrial buildings, mining sites, and telecom sector to generate their own power and are not connected to the grid. Off-grid solar power systems include solar home systems, smaller solar products (pico solar PV systems and solar lanterns) and mini-grids.

Technavio’s analysts forecast the global off-grid solar power systems market to grow at a CAGR of 14.45% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global off-grid solar power systems market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of off-grid solar power systems.

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Technavio's report, Global Off-grid Solar Power Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Greenlight Planet

• M-KOPA Kenya

• Schneider Electric

• SMA Solar Technology

• Su-Kam Power Systems

Market driver

• High cost of grid expansion

• For a full, detailed list, view our report

Market challenge

• High initial PV system cost

• For a full, detailed list, view our report

Market trend

• Growing Pay-As-You-Go (PAYG) model

• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be

• What are the key market trends

• What is driving this market

• What are the challenges to market growth

• Who are the key vendors in this market space

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem

• Market characteristics

• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition

• Market sizing 2017

• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers

• Bargaining power of suppliers

• Threat of new entrants

• Threat of substitutes

• Threat of rivalry

• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application

• Comparison by application

• Non-residential – Market size and forecast 2017-2022

• Residential – Market size and forecast 2017-2022

• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Geographical segmentation

• Regional comparison

• APAC – Market size and forecast 2017-2022

• EMEA – Market size and forecast 2017-2022

• Americas – Market size and forecast 2017-2022

• Key leading countries

• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers

• Market challenges

PART 12: MARKET TRENDS

• Growing Pay-As-You-Go (PAYG) model

• Increasing grid electrification

• Continuous decline in technology costs

PART 13: VENDOR LANDSCAPE

• Overview

• Landscape disruption

• Competitive Scenario

PART 14: VENDOR ANALYSIS

• Vendors covered

• Vendor classification

• Market positioning of vendors

• Greenlight Planet

• M-KOPA Kenya

• Schneider Electric

• SMA Solar Technology

• Su-Kam Power Systems

PART 15: APPENDIX

• List of abbreviations

List of Exhibits

Exhibit 01: Related market

Exhibit 02: Global solar PV systems market

Exhibit 03: Market characteristics

Exhibit 04: Market segments

Exhibit 05: Market definition - Inclusions and exclusions checklist

Exhibit 06: Market size 2017

Exhibit 07: Validation techniques employed for market sizing 2017

Exhibit 08: Global – Market size and forecast 2017-2022 ($ billions)

Exhibit 09: Global – Year-over-year growth 2018-2022 (%)

Exhibit 10: Five forces analysis 2017

Exhibit 11: Five forces analysis 2022

Exhibit 12: Bargaining power of buyers

Exhibit 13: Bargaining power of suppliers

Exhibit 14: Threat of new entrants

Exhibit 15: Threat of substitutes

Exhibit 16: Threat of rivalry

Exhibit 17: Market condition - Five forces 2017

Exhibit 18: Application – Market share 2017-2022 (%)

Exhibit 19: Comparison by application

Exhibit 20: Non-residential – Market size and forecast 2017-2022 ($ billions)

Exhibit 21: Non-residential application – Year-over-year growth 2018-2022 (%)

Exhibit 22: Residential – Market size and forecast 2017-2022 ($ billions)

Exhibit 23: Residential application – Year-over-year growth 2018-2022 (%)

Exhibit 24: Market opportunity by application

Exhibit 25: Customer landscape

Exhibit 26: Global – Market share by geography 2017-2022 (%)

Exhibit 27: Regional comparison

Exhibit 28: APAC – Market size and forecast 2017-2022 ($ billions)

Exhibit 29: APAC – Year-over-year growth 2018-2022 (%)

Exhibit 30: EMEA – Market size and forecast 2017-2022 ($ billions)

Exhibit 31: EMEA – Year-over-year growth 2018-2022 (%)

Exhibit 32: Americas – Market size and forecast 2017-2022 ($ billions)

Exhibit 33: Americas – Year-over-year growth 2018-2022 (%)

Exhibit 34: Key leading countries

Exhibit 35: Market opportunity

Exhibit 36: Global population without electricity 2016 (millions)

Exhibit 37: Typical PV penetration by system type

Exhibit 38: Electricity generation efficiency 2016 (%)

Exhibit 39: Indexed % of investment in PAYG companies (2012-2016)

Exhibit 40: Investments in electricity networks 2000-2016 ($ billions) and world electrification rate 1996-2016 (%)

Exhibit 41: Indexed cost lithium-ion battery 2010-2017 and solar PV system 2008-2015

Exhibit 42: Population gaining electricity access by fuel type in developing countries 2000-2015 (millions)

Exhibit 43: Vendor landscape

Exhibit 44: Landscape disruption

Exhibit 45: Vendors covered

Exhibit 46: Vendor classification

Exhibit 47: Market positioning of vendors

Exhibit 48: Vendor overview

Exhibit 49: Greenlight Planet – Business segments

Exhibit 50: Greenlight Planet – Organizational developments

Exhibit 51: Greenlight Planet – Geographic focus

Exhibit 52: Greenlight Planet – Segment focus

Exhibit 53: Greenlight Planet – Key offerings

Exhibit 54: Vendor overview

Exhibit 55: M-KOPA Kenya– Business segments

Exhibit 56: M-KOPA Kenya – Organizational developments

Exhibit 57: M-KOPA Kenya– Geographic focus

Exhibit 58: M-KOPA Kenya – Segment focus

Exhibit 59: M-KOPA Kenya – Key offerings

Exhibit 60: Vendor overview

Exhibit 61: Schneider Electric – Business segments

Exhibit 62: Schneider Electric – Organizational developments

Exhibit 63: Schneider Electric – Geographic focus

Exhibit 64: Schneider Electric – Segment focus

Exhibit 65: Schneider Electric – Key offerings

Exhibit 66: Vendor overview

Exhibit 67: SMA Solar Technology – Business segments

Exhibit 68: SMA Solar Technology – Organizational developments

Exhibit 69: SMA Solar Technology – Geographic focus

Exhibit 70: SMA Solar Technology – Segment focus

Exhibit 71: SMA Solar Technology – Key offerings

Exhibit 72: Vendor overview

Exhibit 73: Su-Kam Power Systems – Business segments

Exhibit 74: Su-Kam Power Systems – Organizational developments

Exhibit 75: Su-Kam Power Systems – Geographic focus

Exhibit 76: SMA Power Systems – Segment focus

Exhibit 77: Su-Kam Power Systems – Key offerings

Research Methodology
The research study released with title "Global Off-grid Solar Power Systems Market Current & Future Scenario 2022-2027" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Key Executives Interviewed

Global Off grid Solar Power Systems Market

Research Programs/Design
Historical Data (2017-2022E)
  • Industry Trends
  • Competition Analysis & Landscape
  • By Company
  • Product Launches
  • Joint Venture & Partnerships
  • Merger & Acquisitions
  • Market Segment
  • by Type
  • by Application / End Users
  • By Regions/ Geography
  • Value in Dollar Term
  • Segment Revenue for Major & Emerging Players
  • Market Share
  • % Growth Rate
  • Current Scenario Analysis
  • Sales Volume by Key Players
  • % Market Share & Position
  • % Growth Rate
Market Factor Analysis
  • Market Environment
  • Government Policy & Regulatory Factors
  • Technological Changes
  • Market Risks & Challenges
  • Market Drivers
  • Market Maturity Indicators
  • Impact of Cost Variance
  • Growth Determinants
Market Forecast (2023F-2028F)
  • Overall Size (Value & Volume*)
  • by Type
  • by Application
  • By Region / Country
  • Key Data (Value & Volume*)
  • %Market Share
  • %Growth Rate
  • CAGR (2023-2028)

Market Size Estimation

Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.

To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.

HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Global Off grid Solar Power Systems Market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Global Off grid Solar Power Systems Market who then work towards appointment generation.

Primary Data Collection

The primary research is performed by taking the interviews of executives of various companies dealing in the Global Off grid Solar Power Systems Market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.

Secondary Sources

The secondary resources considered in the Global Off grid Solar Power Systems Market study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.

Market Breakdown and Data Triangulation

To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Global Off-grid Solar Power Systems Market Current & Future Scenario 2022-2027" .

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Research Journals
  • Company Websites
  • White Papers
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • HTF MI Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segment value
Qualitative Analysis
  • Influencing Trends
  • Market Potential
  • Market Risks and Opportunities
  • Growth Drivers and Constraints
  • Geographical Footprints
  • Government Policies
  • Company Websites and Press Releases
  • Survey Reports and Paid Databases
  • Annual Reports
  • Industry Associations
  • HTF MI Database

Key Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments
  • Market Forecast (Value & Volume*) by Application, Type & Region / Country
  • History and Forecast
  • Market Size (Value & Volume) by Application
  • Market Size by Regions, Status & Forecast
  • Market Share & Growth Rate by Type & Application
  • Value by Key Business Segments
  • % Growth Rate by Segments
  • Growth Rate and Market Share by Regions
  • Market Size Status & Forecast
Total Market
  • Overall Size, Status & Forecast
  • Market Size Status & Forecast
Format Properties
1-User Access The report is sent in PDF format. The report will be emailed to you. This is a single user access license, allowing one specific user to access the report.
Site User The study would be provided in PDF format. The report will be emailed to you. This is a site license, allowing 1-10 employees within your organisation to access the report.
Enterprise User The format of deliverable would be PDF and Excel. This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report.

Frequently Asked Questions (FAQ):

Off grid Solar Power Systems market share surpassed USD xx million in 2020 and will expand at a CAGR of yy% between 2021 and 2027.
Know areas across the value chain of Off grid Solar Power Systems market where players are creating value. Read full report to get complete picture.
The Off grid Solar Power Systems market can thrive at robust growth rate CAGR during projected period.