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City of Industry, CA -- (SBWIRE) -- 08/10/2018 -- This report presents the worldwide Off-grid Solar Power Systems market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Off-grid solar power systems allow you to store your solar power in batteries for use when the power grid goes down or if you are not on the grid. Hybrid systems provide power to offset the grid power whenever the sun is shining and will even send excess power to the grid for credit for later use.
Owing to various expensive factors, the cost of the main grid extension for rural electrification is quite high. Grid extension is affordable and offers a lower cost per kW while covering a highly dense area. Regions lacking grid access are sparsely populated and as a result, grid extension becomes an expensive option.
Because of the high cost of grid extension, several governments and communities are implementing stand-alone energy systems to provide decentralized power to remote households and communities since these off-grid systems are highly cost-effective and can be scaled according to the various power needs.
The Off-grid Solar Power Systems market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Off-grid Solar Power Systems.
The following manufacturers are covered in this report:
SMA Solar Technology
Su-Kam Power Systems
Off-grid Solar Power Systems Breakdown Data by Type
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Off-grid Solar Power Systems Breakdown Data by Application
Off-grid Solar Power Systems Production by Region
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