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Global Off-grid Solar Power Systems Market 2018-2022

Global Off-grid Solar Power Systems Market 2018-2022

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Off-grid Solar Power Systems Market 2018-2022

Technavio recognizes the following companies as the key players in the global off-grid solar power systems market: Greenlight Planet, M-KOPA Kenya, Schneider Electric, SMA Solar Technology, and Su-Kam Power Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing Pay-As-You-Go (PAYG) model. Over the past several years the need to improve energy access has been a crucial agenda across the world, especially in developing countries. The continuous decline in decentralized renewable technology cost, such as solar PV and energy storage, has improved the affordability of off-grid technologies, thus playing an important role in accelerating the energy access. However, building and sourcing financing for renewable-based mini-grids can be expensive in some countries, which has given rise to a new business model called Pay-As-You-Go (PAYG).”

According to the report, one of the major drivers for this market is High cost of grid expansion. The cost of the main grid extension for rural electrification is considered high, as the investment depends on the distance of the community from the existing main grid, the population density, power quality, demand pattern, and other factors. The cost per mile for extending/expansion of the grid line to remote areas can cost anywhere between $15,000-$50,000 per mile, which can be higher depending on the terrain.

Further, the report states that one of the major factors hindering the growth of this market is High initial PV system cost. It is highly necessary to have a battery connected to the renewable systems to have access to a continuous and reliable source of power, as renewable sources such as wind and solar are intermittent in nature. Most commonly paired sources are solar and batteries, as solar is abundantly and freely available clean source of power, wherein solar PV modules charge the battery, and the power is discharged from the battery when the solar module is not generating enough power. Alternatively, where diesel mini-grids supply power, they can be retrofitted with solar power and energy storage systems, which will reduce the diesel generator run time and will only charge the battery when needed.

Companies Mentioned

Greenlight Planet, M-KOPA Kenya, Schneider Electric, SMA Solar Technology, and Su-Kam Power Systems.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global solar PV systems market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ billions)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Non-residential - Market size and forecast 2017- 2022
      • Table Non-residential - Market size and forecast 2017-2022 ($ billions)
      • Table Non-residential application - Year-over-year growth 2018-2022 (%)
    • Residential - Market size and forecast 2017-2022
      • Table Residential - Market size and forecast 2017-2022 ($ billions)
      • Table Residential application - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ billions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ billions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ billions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global population without electricity 2016 (millions)
      • Table Typical PV penetration by system type
    • Market challenges
      • Table Electricity generation efficiency 2016 (%)
  • Market trends
    • Growing Pay-As-You-Go (PAYG) model
      • Table Indexed % of investment in PAYG companies (2012-2016)
    • Increasing grid electrification
      • Table Investments in electricity networks 2000-2016 ($ billions) and world electrification rate 1996-2016 (%)
    • Continuous decline in technology costs
      • Table Indexed cost lithium-ion battery 2010-2017 and solar PV system 2008-2015
      • Table Population gaining electricity access by fuel type in developing countries 2000-2015 (millions)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive Scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Greenlight Planet
      • Table Vendor overview
      • Table Greenlight Planet - Business segments
      • Table Greenlight Planet - Organizational developments
      • Table Greenlight Planet - Geographic focus
      • Table Greenlight Planet - Segment focus
      • Table Greenlight Planet - Key offerings
    • M-KOPA Kenya
      • Table Vendor overview
      • Table M-KOPA Kenya- Business segments
      • Table M-KOPA Kenya - Organizational developments
      • Table M-KOPA Kenya- Geographic focus
      • Table M-KOPA Kenya - Segment focus
      • Table M-KOPA Kenya - Key offerings
    • Schneider Electric
      • Table Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • SMA Solar Technology
      • Table Vendor overview
      • Table SMA Solar Technology - Business segments
      • Table SMA Solar Technology - Organizational developments
      • Table SMA Solar Technology - Geographic focus
      • Table SMA Solar Technology - Segment focus
      • Table SMA Solar Technology - Key offerings
    • Su-Kam Power Systems
      • Table Vendor overview
      • Table Su-Kam Power Systems - Business segments
      • Table Su-Kam Power Systems - Organizational developments
      • Table Su-Kam Power Systems - Geographic focus
      • Table SMA Power Systems - Segment focus
      • Table Su-Kam Power Systems - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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