Global Off-grid Solar PV Panels Market- Industry Analysis and forecast 2027: Technology, Application and Region.

Global Off-grid Solar PV Panels Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 9.65 % through 2020 to 2027, reaching US$ XX Bn. The report has covered Country Market trends with competitive landscape. The report covers an in-depth analysis of COVID 19 pandemic impact on Global Off-grid Solar PV Panels Market by region and on the key players’ revenue affected till September 2020 and expected short term and long-term impact on the market. Global Off-grid Solar PV Panels Market To know about the Research Methodology :- Request Free Sample Report

Global Off-grid Solar PV Panels Market Overview:

The increasing number of PV panel manufacturing companies along with growing off-grid solar PV panel’s capacities is anticipated to drive the market growth towards the north. Tax paybacks & subsidies offered by the governments towards the installation of off-grid solar PV panels along with rent profits offered to the reservoir owners are anticipated to push market growth. Sufficient availability of water resources like rivers, canals, reservoirs, & ponds is estimated to have a positive influence on the total market development. Dam-reservoir used for hydroelectric power generation can be simply used for off-grid solar power as the infrastructure used for electricity generation & transportation is already developed. The less dusty & dry environment along water reservoirs positively affect the PV cell working productivity. Low maintenance & management cost incurred for installing off-grid solar PV panel is also anticipated to increase product demand during the forecast period. Off-grid solar PV panels can be simply adjusted as per the place of the sun to harness maximum energy & output. Off-grid solar PV panel also supports in endorsing self-sustaining infrastructure, particularly in remote areas. Off-grid solar PV panels deliver higher efficiency along with maintaining a constant temperature of silicon panels, therefore maintaining the output level. A rapidly increasing plug-and-play SHS market, driven by PAYGO. Plug-&-play SHS sales have grown quickly from a small base since last 5 years. The segment accounts for less than 5 percent of total annual Off-Grid Solar distribution, yet makes up 20-30 percent of annual revenues. The standout off-grid solar development story of the last three years has been PAYGO-based PnP systems per an average annual growth rate of ~136.87 percent (2014-2017). While still small in total numbers, the PnP SHS segment’s revenues are anticipated to overtake total pico revenues during the forecast period. This is owing to strong development, a much advanced average unit cost compared to pico costs, as well as the opportunity to increased sell. Therefore far, growth has been limited to nations with strong mobile money ecosystems, through particular crowding in in East Africa. This signals both high development potential during forecast period, but also the challenges of operating successfully in many regulatory environments. Some countries in West & Central Africa are already showing strong mobile money development. India, the largest Off-Grid Solar market in the world, presently has very low PAYGO penetration corresponding largely to its nominal mobile money market & comparatively low uptake of PnP SHS to date. It is, though, poised for significant growth in mobile & digital transactions during the forecast period. Mobile money has showed the most streamlined tool of payment for PAYGO operators, but as PAYGO technology & business models mature & expand, digital money may be less of a constraint. Investment in the Off-Grid Solar sector has developed significantly. The UN Sustainable Development Goal 7 has assisted change investor attention toward electrification. Sustainable Energy for All reported that during the year 2014, at least USD 20.1 Bn dollars were invested to increase electricity access & that national governments, drawing on their own funds, accounted for approximately half of those investments. Support for electrification plans notwithstanding, finance for decentralized energy received only 1 percent of total financial commitments. Despite the fact that investment into decentralized energy is small related to entire investment into electrification, Off-Grid Solar investments have experienced strong development, doubling annually from 2012 to 2016. In 2018, annual investments touched USD 284 million with USD 922 million increased since year 2013.

Off-Grid Solar Market Trends 2020:

• The off-grid solar sector has grown rapidly over the past decade & is now a $1.75 billion annual market serving 420 million users, with further development forecast. • Despite its strong growth trajectory, even more investments are needed for the sector to continue playing a key role in achieving universal access to electricity by 2030. • In a business-as-usual scenario, the off-grid solar sector will serve 388 million people with the most basic level of electricity access by 2030, but this growth will be insufficient to achieve universal access targets. To sustain the business-as-usual scenario over the next five years, the sector needs $1.7 billion – $2.2 billion in external investments from 2020 to 2024.

Global Off-grid Solar PV Panels Market Competitive Landscape

The MMR reports cover key developments in the Off-grid Solar PV Panels Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Off-grid Solar PV Panels Market were merges & acquisitions and collaborations & partnership. The objective of the report is to present a comprehensive analysis of the Global Off-grid Solar PV Panels Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Off-grid Solar PV Panels Market dynamics, structure by analyzing the market segments and projects the Global Off-grid Solar PV Panels Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Off-grid Solar PV Panels Market make the report investor’s guide.

Scope of the Global Off-grid Solar PV Panels Market: Inquire before buying

Global Off-grid Solar PV Panels Market1

Global Off-grid Solar PV Panels Market, By Region

• North America: o US o Canada o Mexico • South America o Brazil o Argentina o Colombia o Rest of South America • Europe o UK o Germany o France o Spain o Italy o Sweden o CIS countries o Rest of Europe • APAC o China o India o South Korea o Japan o Australia o Rest of APAC o ASEAN  Indonesia  Malaysia  Singapore  Philippines  Thailand  Vietnam • Middle East & Africa o GCC Countries o South Africa o Nigeria o Egypt o Rest of MEA • Latin America o Mexico o Brazil o Rest of Latin America

Key players operating in the Global Off-grid Solar PV Panels Market

• Canadian Solar • Solar Power Rocks LLC • Yingli Solar • HelioPower • SMA Solar Technology • Greenlight Planet • Schneider Electric • Backwoods Solar • Su-Kam Power Systems • Hanwha Group • M-KOPA Kenya • Delta Electronics Inc. • Jinko Solar Holding Co. Ltd. • SunPower Corporation • ABB • Solectria Renewables LLC • Engie • Oolu Solar
Global Off-grid Solar PV Panels Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Off-grid Solar PV Panels Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Off-grid Solar PV Panels Market Analysis and Forecast 7. Global Off-grid Solar PV Panels Market Analysis and Forecast, by Technology 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Off-grid Solar PV Panels Market Value Share Analysis, by Technology 7.4. Global Off-grid Solar PV Panels Market Size (US$ Bn) Forecast, by Technology 7.5. Global Off-grid Solar PV Panels Market Analysis, by Technology 7.6. Global Off-grid Solar PV Panels Market Attractiveness Analysis, by Technology 8. Global Off-grid Solar PV Panels Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Off-grid Solar PV Panels Market Value Share Analysis, by Application 8.4. Global Off-grid Solar PV Panels Market Size (US$ Bn) Forecast, by Application 8.5. Global Off-grid Solar PV Panels Market Analysis, by Application 8.6. Global Off-grid Solar PV Panels Market Attractiveness Analysis, by Application 9. Global Off-grid Solar PV Panels Market Analysis and Forecast, by Region 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Off-grid Solar PV Panels Market Value Share Analysis, by Region 9.4. Global Off-grid Solar PV Panels Market Size (US$ Bn) Forecast, by Region 9.5. Global Off-grid Solar PV Panels Market Analysis, by Region 10. Global Off-grid Solar PV Panels Market Analysis 10.1. Key Findings 10.2. Global Off-grid Solar PV Panels Market Overview 10.3. Global Off-grid Solar PV Panels Market Forecast, by Technology 10.3.1. Thin Films 10.3.2. Crystalline Silicon 10.3.3. Others 10.4. Global Off-grid Solar PV Panels Market Forecast, by Application 10.4.1. Residential 10.4.2. Commercial 10.4.3. Industrial 10.5. Global Off-grid Solar PV Panels Market Forecast, by Region 10.5.1. North America 10.5.2. Europe 10.5.3. Asia-Pacific 10.5.4. MEA & Africa 10.5.5. Latin America 10.6. PEST Analysis 10.7. Key Trends 10.8. Key Developments 11. North-America Off-grid Solar PV Panels Market Analysis 11.1. Key Findings 11.2. North-America Off-grid Solar PV Panels Market Forecast, by Technology 11.2.1. Thin Films 11.2.2. Crystalline Silicon 11.2.3. Others 11.3. North-America Off-grid Solar PV Panels Market Forecast, by Application 11.3.1. Residential 11.3.2. Commercial 11.3.3. Industrial 11.4. North-America Off-grid Solar PV Panels Market Forecast, by Country 11.4.1. US 11.4.2. Canada 11.5. US Off-grid Solar PV Panels Market Forecast, by Technology 11.5.1. Thin Films 11.5.2. Crystalline Silicon 11.5.3. Others 11.6. US Off-grid Solar PV Panels Market Forecast, by Application 11.6.1. Residential 11.6.2. Commercial 11.6.3. Industrial 11.7. Canada Off-grid Solar PV Panels Market Forecast, by Technology 11.7.1. Thin Films 11.7.2. Crystalline Silicon 11.7.3. Others 11.8. Canada Off-grid Solar PV Panels Market Forecast, by Application 11.8.1. Residential 11.8.2. Commercial 11.8.3. Industrial 11.9. PEST Analysis 11.10. Key Trends 11.11. Key Developments 12. Europe Off-grid Solar PV Panels Market Analysis 12.1. Key Findings 12.2. Europe Off-grid Solar PV Panels Market Overview 12.3. Europe Off-grid Solar PV Panels Market Forecast, by Technology 12.3.1. Thin Films 12.3.2. Crystalline Silicon 12.3.3. Others 12.4. Europe Off-grid Solar PV Panels Market Forecast, by Application 12.4.1. Residential 12.4.2. Commercial 12.4.3. Industrial 12.5. Europe Off-grid Solar PV Panels Market Forecast, by Country 12.5.1. UK 12.5.2. France 12.5.3. Germany 12.5.4. Russia 12.5.5. Italy 12.5.6. Rest of Europe 12.6. UK Off-grid Solar PV Panels Market Forecast, by Technology 12.6.1. Thin Films 12.6.2. Crystalline Silicon 12.6.3. Others 12.7. UK Off-grid Solar PV Panels Market Forecast, by Application 12.7.1. Residential 12.7.2. Commercial 12.7.3. Industrial 12.8. France Off-grid Solar PV Panels Market Forecast, by Technology 12.8.1. Thin Films 12.8.2. Crystalline Silicon 12.8.3. Others 12.9. France Off-grid Solar PV Panels Market Forecast, by Application 12.9.1. Residential 12.9.2. Commercial 12.9.3. Industrial 12.10. Germany Off-grid Solar PV Panels Market Forecast, by Technology 12.10.1. Thin Films 12.10.2. Crystalline Silicon 12.10.3. Others 12.11. Germany Off-grid Solar PV Panels Market Forecast, by Application 12.11.1. Residential 12.11.2. Commercial 12.11.3. Industrial 12.12. Italy Off-grid Solar PV Panels Market Forecast, by Technology 12.12.1. Thin Films 12.12.2. Crystalline Silicon 12.12.3. Others 12.13. Italy Off-grid Solar PV Panels Market Forecast, by Application 12.13.1. Residential 12.13.2. Commercial 12.13.3. Industrial 12.14. Russia Off-grid Solar PV Panels Market Forecast, by Technology 12.14.1. Thin Films 12.14.2. Crystalline Silicon 12.14.3. Others 12.15. Russia Off-grid Solar PV Panels Market Forecast, by Application 12.15.1. Residential 12.15.2. Commercial 12.15.3. Industrial 12.16. Rest of Europe Off-grid Solar PV Panels Market Forecast, by Technology 12.16.1. Thin Films 12.16.2. Crystalline Silicon 12.16.3. Others 12.17. Rest of Europe Off-grid Solar PV Panels Market Forecast, by Application 12.17.1. Residential 12.17.2. Commercial 12.17.3. Industrial 12.18. PEST Analysis 12.19. Key Trends 12.20. Key Developments 13. Asia-Pacific Off-grid Solar PV Panels Market Analysis 13.1. Key Findings 13.2. Asia-Pacific Off-grid Solar PV Panels Market Overview 13.3. Asia-Pacific Off-grid Solar PV Panels Market Forecast, by Technology 13.3.1. Thin Films 13.3.2. Crystalline Silicon 13.3.3. Others 13.4. Asia-Pacific Off-grid Solar PV Panels Market Forecast, by Application 13.4.1. Residential 13.4.2. Commercial 13.4.3. Industrial 13.5. Asia-Pacific Off-grid Solar PV Panels Market Forecast, by Country 13.5.1. China 13.5.2. India 13.5.3. Japan 13.5.4. Malaysia 13.5.5. Indonesia 13.5.6. Rest of Asia-Pacific 13.6. China Off-grid Solar PV Panels Market Forecast, by Technology 13.6.1. Thin Films 13.6.2. Crystalline Silicon 13.6.3. Others 13.7. China Off-grid Solar PV Panels Market Forecast, by Application 13.7.1. Residential 13.7.2. Commercial 13.7.3. Industrial 13.8. India Off-grid Solar PV Panels Market Forecast, by Technology 13.8.1. Thin Films 13.8.2. Crystalline Silicon 13.8.3. Others 13.9. India Off-grid Solar PV Panels Market Forecast, by Application 13.9.1. Residential 13.9.2. Commercial 13.9.3. Industrial 13.10. Japan Off-grid Solar PV Panels Market Forecast, by Technology 13.10.1. Thin Films 13.10.2. Crystalline Silicon 13.10.3. Others 13.11. Japan Off-grid Solar PV Panels Market Forecast, by Application 13.11.1. Residential 13.11.2. Commercial 13.11.3. Industrial 13.12. ASEAN Off-grid Solar PV Panels Market Forecast, by Technology 13.12.1. Thin Films 13.12.2. Crystalline Silicon 13.12.3. Others 13.13. ASEAN Off-grid Solar PV Panels Market Forecast, by Application 13.13.1. Residential 13.13.2. Commercial 13.13.3. Industrial 13.14. Rest of APAC Off-grid Solar PV Panels Market Forecast, by Technology 13.14.1. Thin Films 13.14.2. Crystalline Silicon 13.14.3. Others 13.15. Rest of APAC Off-grid Solar PV Panels Market Forecast, by Application 13.15.1. Residential 13.15.2. Commercial 13.15.3. Industrial 13.16. PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. MEA & Africa Off-grid Solar PV Panels Market Analysis 14.1. Key Findings 14.2. MEA &Africa Off-grid Solar PV Panels Market Overview 14.3. MEA &Africa Off-grid Solar PV Panels Market Forecast, by Technology 14.3.1. Thin Films 14.3.2. Crystalline Silicon 14.3.3. Others 14.4. MEA &Africa Off-grid Solar PV Panels Market Forecast, by Application 14.4.1. Residential 14.4.2. Commercial 14.4.3. Industrial 14.5. MEA &Africa Off-grid Solar PV Panels Market Forecast, by Country 14.5.1. GCC 14.5.2. South Africa 14.5.3. Rest of MEA & Africa 14.6. GCC Off-grid Solar PV Panels Market Forecast, by Technology 14.6.1. Thin Films 14.6.2. Crystalline Silicon 14.6.3. Others 14.7. GCC Off-grid Solar PV Panels Market Forecast, by Application 14.7.1. Residential 14.7.2. Commercial 14.7.3. Industrial 14.8. South Africa Off-grid Solar PV Panels Market Forecast, by Technology 14.8.1. Thin Films 14.8.2. Crystalline Silicon 14.8.3. Others 14.9. South Africa Off-grid Solar PV Panels Market Forecast, by Application 14.9.1. Residential 14.9.2. Commercial 14.9.3. Industrial 14.10. Rest of MEA &Africa Off-grid Solar PV Panels Market Forecast, by Technology 14.10.1. Thin Films 14.10.2. Crystalline Silicon 14.10.3. Others 14.11. Rest of MEA &Africa Off-grid Solar PV Panels Market Forecast, by Application 14.11.1. Residential 14.11.2. Commercial 14.11.3. Industrial 14.12. PEST Analysis 14.13. Key Trends 14.14. Key Developments 15. Latin America Off-grid Solar PV Panels Market Analysis 15.1. Key Findings 15.2. Latin America Off-grid Solar PV Panels Market Overview 15.3. Latin America Off-grid Solar PV Panels Market Forecast, by Technology 15.3.1. Thin Films 15.3.2. Crystalline Silicon 15.3.3. Others 15.4. Latin America Off-grid Solar PV Panels Market Forecast, by Application 15.4.1. Residential 15.4.2. Commercial 15.4.3. Industrial 15.5. Mexico Off-grid Solar PV Panels Market Forecast, by Technology 15.5.1. Thin Films 15.5.2. Crystalline Silicon 15.5.3. Others 15.6. Mexico Off-grid Solar PV Panels Market Forecast, by Application 15.6.1. Residential 15.6.2. Commercial 15.6.3. Industrial 15.7. Brazil Off-grid Solar PV Panels Market Forecast, by Technology 15.7.1. Thin Films 15.7.2. Crystalline Silicon 15.7.3. Others 15.8. Brazil Off-grid Solar PV Panels Market Forecast, by Application 15.8.1. Residential 15.8.2. Commercial 15.8.3. Industrial 15.9. Rest of Latin America Off-grid Solar PV Panels Market Forecast, by Technology 15.9.1. Thin Films 15.9.2. Crystalline Silicon 15.9.3. Others 15.10. Rest of Latin America Off-grid Solar PV Panels Market Forecast, by Application 15.10.1. Residential 15.10.2. Commercial 15.10.3. Industrial 15.11. PEST Analysis 15.12. Key Trends 15.13. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Market Share Analysis, by Region 16.3. Market Share Analysis, by Country 16.4. Competition Matrix 16.4.1. Competitive Benchmarking of key players by price, presence, Market share, Raw material and R&D investment 16.4.2. New Raw material Launches and Raw material Enhancements 16.4.2.1. Market Consolidation 16.4.2.2. M&A by Regions, Investment and Raw material 16.4.2.3. M&A Key Players, Forward Integration and Backward Integration 16.5. Company Profiles: Key Players 16.5.1. Canadian Solar 16.5.2. Solar Power Rocks LLC 16.5.3. Yingli Solar 16.5.4. HelioPower 16.5.5. SMA Solar Technology 16.5.6. Greenlight Planet 16.5.7. Schneider Electric 16.5.8. Backwoods Solar 16.5.9. Su-Kam Power Systems. 16.5.10. Hanwha Group 16.5.11. M-KOPA Kenya 16.5.12. Delta Electronics Inc. 16.5.13. Jinko Solar Holding Co. Ltd. 16.5.14. SunPower Corporation 16.5.15. ABB 16.5.16. Solectria Renewables LLC 16.5.17. Engie 16.5.18. Oolu Solar 17. Primary Key Insights.

About This Report

Report ID 81271
Category Energy & Power
Published Date January 2021
Updated Date
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