Market Overview:
The global off-grid solar PV panels market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity due to population growth and rising income levels, coupled with the increasing awareness about renewable energy sources. In addition, government initiatives and subsidies for installing off-grid solar PV systems are also contributing to the growth of this market. The global off-grid solar PV panels market is segmented on the basis of type, application, and region. On the basis of type, it is divided into thin film solar PV panels, crystalline silicon solar PV panels, and others (including organic photovoltaic cells and dye-sensitized cells). Thin film solar PV panels are expected to account for a major share of the global off-grid solar PV panels market in terms of revenue in 2018. This can be attributed to their low cost as compared with other types of solar PV cells and modules.
Product Definition:
An off-grid solar PV system is a stand-alone power system that operates independently of the main electrical grid. Off-grid solar PV systems can be used in remote areas where there is no access to the grid or in areas where the cost of extending the grid to rural or remote locations is prohibitive.
Thin Film:
Thin film is a term used for referring to a range of materials, typically less than one mil (25 mm) in thickness. Thin films are widely utilized in solar PV panels as they are lightweight and can be easily incorporated into large-scale installations. They also provide an attractive alternative to conventional crystalline silicon cells, which tend to be rather expensive per watt of capacity.
The global thin film market size was valued at USD 2 billion in 2015.
Crystalline Silicon:
Crystalline silicon is the purest form of silicon and has a higher melting point than polycrystalline or amorphous Silicon. It also has superior performance over other forms in terms of efficiency, cost, and physical characteristics. The most significant characteristic is that crystalline silicon can be used to make solar cells with no loss in performance even at very high temperatures.
The global market for crystalline Silicon was worth USD 2 billion in 2014.
Application Insights:
The residential segment accounted for the largest share of off-grid solar PV panels market in 2017 and is expected to continue its dominance over the forecast period. The growing need for energy storage across households, rapid urbanization, and rising disposable income are some of the key factors driving demand in this segment.
Off-grid crystalline silicon photovoltaic modules provide higher efficiency than their grid-connected counterparts while offering lower installation costs and no maintenance required. These factors are likely to drive product adoption across residential applications over the forecast period. In addition, thin film products have high potential as they can be integrated with low cost batteries to form hybrid solutions that offer clean electricity at a lower cost than stand alone systems or batteries only solutions (BOS).
Commercial applications include government offices, hotels & restaurants, healthcare facilities (nursing homes), educational institutions (schools & colleges), transportation facilities (airports & seaports).
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2016. The region is expected to dominate the global industry over the forecast period owing to increasing government initiatives and investments coupled with supportive regulations. Germany, Italy, France, and U.K are some of the major countries contributing towards regional growth.
The Asia Pacific market is anticipated to grow at a significant rate from 2017 to 2030 due to growing awareness regarding off-grid solar PV panels among consumers as well as industrial establishments located in rural areas or remote islands across several emerging economies including China and India.
China was one among many countries that were severely affected by severe weather conditions known as El Niño in 2015; however, it has since then remained unaffected which allowed it make up for lost time when compared with other regions around the world including North America.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the deployment of solar PV systems
- Reduction in the cost of solar PV systems due to technological advancements and economies of scale
- Rising awareness about the benefits of solar PV systems among consumers and businesses
- Expansion of renewable energy targets by governments and utilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-grid Solar PV Panels Market Research Report
By Type
Thin Film, Crystalline Silicon, Others
By Application
Residential, Commercial, Industrial
By Companies
Canadian Solar, Solar Power Rocks(Wave Solar), Yingli Solar, HelioPower, Inc., SMA Solar Technology AG, Greenlight Planet, Schneider Electric, Backwoods Solar Electric System, Inc., Su-Kam Power Systems Limited, ABB, Engie, Jinko Solar Co., Ltd, SunPower Corporation, Hanwha Group, Oolu Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Off-grid Solar PV Panels Market Report Segments:
The global Off-grid Solar PV Panels market is segmented on the basis of:
Types
Thin Film, Crystalline Silicon, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canadian Solar
- Solar Power Rocks(Wave Solar)
- Yingli Solar
- HelioPower, Inc.
- SMA Solar Technology AG
- Greenlight Planet
- Schneider Electric
- Backwoods Solar Electric System, Inc.
- Su-Kam Power Systems Limited
- ABB
- Engie
- Jinko Solar Co., Ltd
- SunPower Corporation
- Hanwha Group
- Oolu Solar
Highlights of The Off-grid Solar PV Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thin Film
- Crystalline Silicon
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off-grid Solar PV Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Off-grid solar PV panels are a type of solar panel that can be used without the need for an electric grid. Off-grid solar PV panels use photovoltaic (PV) technology to convert sunlight into electricity. Off-grid solar PV panels can be used in remote or isolated areas where there is no access to an electric grid, such as on a boat, in the wilderness, or on an island.
Some of the key players operating in the off-grid solar pv panels market are Canadian Solar, Solar Power Rocks(Wave Solar), Yingli Solar, HelioPower, Inc., SMA Solar Technology AG, Greenlight Planet, Schneider Electric, Backwoods Solar Electric System, Inc., Su-Kam Power Systems Limited, ABB, Engie, Jinko Solar Co., Ltd, SunPower Corporation, Hanwha Group, Oolu Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off-grid Solar PV Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Off-grid Solar PV Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off-grid Solar PV Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Off-grid Solar PV Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Off-grid Solar PV Panels Market Size & Forecast, 2020-2028
4.5.1 Off-grid Solar PV Panels Market Size and Y-o-Y Growth
4.5.2 Off-grid Solar PV Panels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thin Film
5.2.2 Crystalline Silicon
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off-grid Solar PV Panels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Off-grid Solar PV Panels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thin Film
9.6.2 Crystalline Silicon
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thin Film
10.6.2 Crystalline Silicon
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thin Film
11.6.2 Crystalline Silicon
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thin Film
12.6.2 Crystalline Silicon
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thin Film
13.6.2 Crystalline Silicon
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Off-grid Solar PV Panels Market: Competitive Dashboard
14.2 Global Off-grid Solar PV Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canadian Solar
14.3.2 Solar Power Rocks(Wave Solar)
14.3.3 Yingli Solar
14.3.4 HelioPower, Inc.
14.3.5 SMA Solar Technology AG
14.3.6 Greenlight Planet
14.3.7 Schneider Electric
14.3.8 Backwoods Solar Electric System, Inc.
14.3.9 Su-Kam Power Systems Limited
14.3.10 ABB
14.3.11 Engie
14.3.12 Jinko Solar Co., Ltd
14.3.13 SunPower Corporation
14.3.14 Hanwha Group
14.3.15 Oolu Solar
