Global Off-Grid Solar Power Systems Market 2018-2022 to Post 14% CAGR | Technavio
LONDON--(BUSINESS WIRE)--Sep 28, 2018--According to the market research report released by Technavio, the global off-grid solar power systems market is expected to accelerate at a CAGR of over 14% during the forecast period. The high cost of grid expansion is one of the key factors triggering the growth of the market.
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According to the market research report released by Technavio, the global off-grid solar power systems market is expected to accelerate at a CAGR of over 14% until 2022. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global off-grid solar power systems market into the following applications:Residential Non-residential
In 2017, the non-residential segment accounted for 65% of the global market and is projected to decline to 62% by 2022, exhibiting almost 3% decrease in market share.
Global off-grid solar power systems market: Top emerging trend
The growing Pay-As-You-Go (PAYG) model is an emerging trend in the off-grid solar power systems market space. 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.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Off-grid Solar Power Systems Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (residential and non-residential)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Greenlight Planet, M-KOPA Kenya, Schneider Electric, SMA Solar Technology, Su-Kam Power Systems)
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SOURCE: Technavio Research
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PUB: 09/28/2018 06:39 AM/DISC: 09/28/2018 06:38 AM