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 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.
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Industry
Segmentation
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.
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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.
Regional
Outlook
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 favourable government regulations
against greenhouse gas emissions.
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