COVID-19 Impacts: Off-grid Solar Power Systems Market Will Accelerate at a CAGR of Almost 11% Through 2020-2024 | High Cost Of Grid Expansion to Boost Growth | Technavio - Business Wire

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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the off-grid solar power systems market and it is poised to grow by $ 2.97 bn during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The high cost of grid expansion has been instrumental in driving the growth of the market. However, the high initial cost might hamper market growth.

Off-grid Solar Power Systems Market 2020-2024 : Segmentation

Off-grid Solar Power Systems Market is segmented as below:

• Application
  • Non-residential
  • Residential
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43608

Off-grid Solar Power Systems Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our off-grid solar power systems market report covers the following areas:

• Off-grid Solar Power Systems Market size
• Off-grid Solar Power Systems Market trends
• Off-grid Solar Power Systems Market industry analysis

This study identifies the growing Pay-As-You-Go (PAYG) model as one of the prime reasons driving the off-grid solar power systems market growth during the next few years.

Off-grid Solar Power Systems Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the off-grid solar power systems market, including some of the vendors such as ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the off-grid solar power systems market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Off-grid Solar Power Systems Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist off-grid solar power systems market growth during the next five years
• Estimation of the off-grid solar power systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the off-grid solar power systems market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of off-grid solar power systems market vendors

Table Of Contents :

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Non-residential - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• ENGIE SA
• Gem Energy Australia Pty. Ltd.
• Greenlight Planet
• M-KOPA Kenya Ltd.
• NantEnergy Inc.
• OutBack Power Inc.
• Schneider Electric SE
• SMA Solar Technology AG
• Yingli Green Energy Holding Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impacts: Off-grid Solar Power Systems Market Will Accelerate at a CAGR of Almost 11% Through 2020-2024 | High Cost Of Grid Expansion to Boost Growth | Technavio - Business Wire
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