Global Off-Grid Solar Power Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Solar Panel, Batteries, Inverters, and Others.

By Technology Estimates ;

Thin Film ,Crystalline Silicon, and Others.

By Application;

Non-residential and Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn547516594 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Off-Grid Solar Power Systems Market (USD Million), 2021 - 2031

In the year 2024, the Global Off-Grid Solar Power Systems Market was valued at USD 2402.96 million. The size of this market is expected to increase to USD 6391.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.0%.

The U.S. stands out as the leading market for off-grid solar PV panels in North America, bolstered by the country's robust consumption of PV panels, positioning it as the second-largest adopter globally. Projections indicate a significant Compound Annual Growth Rate (CAGR) for the U.S. market throughout the forecast period.

One of the key drivers behind this growth is the low maintenance and management costs associated with installing off-grid solar panels, which are expected to further fuel demand. These panels offer flexibility in adjusting to the sun's position for optimal energy harnessing, particularly advantageous for remote areas, thereby promoting self-sustainable infrastructure. Additionally, off-grid solar PV panels maintain high efficiency and constant temperature levels, ensuring consistent output. The declining costs of solar PV and batteries are significant factors propelling the global off-grid solar market forward.

Moreover, increasing awareness among individuals and businesses about the importance of reducing carbon footprint is driving the adoption of solar PV systems across commercial, industrial, and residential sectors. This trend towards embracing low-carbon technologies underscores the growing preference for sustainable energy solutions, further bolstering the demand for off-grid solar PV panels in various applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, by Technology Estimates
    4. Market Snapshot, By Region
  4. Global Off-Grid Solar Power Systems Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for electricity in developing countries
        2. Government initiatives
        3. Decreasing cost of solar panels and batteries
      2. Restraints
        1. High upfront costs
        2. Lack of financing options
        3. Limited technical expertise
      3. Opportunities
        1. Technological advancements
        2. New business models
        3. Growing demand for clean energy
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Off-Grid Solar Power Systems Market, By Product Type, 2021 - 2031 (USD Million)
      1. Solar Panel
      2. Batteries
      3. Inverters
      4. Others
    2. Global Off-Grid Solar Power Systems Market, By Application, 2021 - 2031 (USD Million)
      1. Non-residential
      2. Residential
    3. Global Off-Grid Solar Power Systems Market, By Technology Estimates , 2021 - 2031 (USD Million)
      1. Thin Film
      2. Crystalline Silicon
      3. Others
    4. Global Off-Grid Solar Power Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SunFunder
      2. Greenlight Planet
      3. d.light
      4. M-KOPA Solar
      5. Bboxx
      6. Off Grid Electric (Zola Electric)
      7. Schneider Electric
      8. ABB
      9. Canadian Solar
      10. Jinko Solar
      11. Trina Solar
      12. SunPower Corporation
      13. Renogy
      14. SMA Solar Technology
      15. Tesla Energy
  7. Analyst Views
  8. Future Outlook of the Market