According to a market report by Lucintel, the future of the global off-grid solar energy system market looks promising with opportunities in the residential and commercial markets. The global off-grid solar energy system market is expected to grow with a CAGR of 8.2% from 2025 to 2031. The major drivers for this market are rising demand for reliable power in remote areas, growing adoption of sustainable energy solutions, and increasing government support and incentives.A more than 150-page report to understand trends, opportunity and forecast in off-grid solar energy system market to 2031 by type (partial off-grid solar energy system and completely off-grid solar energy system), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, completely off-grid solar energy systems is expected to witness higher growth over the forecast period due to they provide a fully independent power supply.
Within the application category, residential is expected to witness higher growth due to the increasing adoption of solar energy solutions by homeowners for energy independence.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to strong government incentives and investments in renewable energy.
ABB Ltd, Schneider Electric Infrastructure Ltd, Canadian Solar Inc., Jinkosolar Holding Co., Sunpower Corporation, Trina Solar Ltd, Longi Green Energy Technology Co. Ltd are the major suppliers in the off-grid solar energy system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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