Off-Grid Solar PV Panels Market Overview:
The primary subjects of the in-depth corporate business research of the Off-Grid Solar PV Panels Market are the most recent drivers, restraints, and opportunities in the Off-Grid Solar PV Panels Market industry. The results were then confirmed by calling well-known companies. In the secondary investigation and analysis of the same, both free and paid data sources are utilised. Information on each player’s supply and consumption is gathered through reliable data sources, official government sources, and, in the case of publicly traded enterprises, financial reports of the company. Even if financial documents aren’t normally accessible to the general public, the tax division of the local government may be permitted to request them from businesses.
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Off-Grid Solar PV Panels Market is expected to reach US$ 4.46 Bn. by 2029 with a CAGR of 9.5%, during the forecast period.
COVID-19 Impact:
By examining the existing and potential consequences of the COVID-19 pandemic on the Off-Grid Solar PV Panels Market , the analysis delivers more accurate and true estimations in line with the realities of the market. Distress is being caused by the coronavirus’s widespread spread. Nearly all countries have enacted strict social segregation measures, such as lockdowns. This has led to major supply disruptions. The disease’s extensive effects have altered social systems everywhere. The COVID-19 has an effect on the market as a whole, and that effect will intensify in 2019 and 2020 in line with the market’s rate of growth. To provide reliable information and experiences to decision-makers, the COVID-19 event has compelled businesses to manage risk and digitise operations. This is consistent with the most recent MMR analyses, studies, and recommendations regarding management issues that are crucial for businesses and organisations and have a big impact on the market.
Segmentation
The UN Sustainable Development Goal 7 has helped to shift investor focus towards electrification. According to Sustainable Energy for All, at least USD 20.1 billion dollars were invested in 2014 to increase electricity access, with national governments accounting for roughly half of those investments. Despite support for electrification plans, financing for decentralised energy received only 1% of total financial commitments. Despite the fact that investment in decentralised energy is small in comparison to total investment in electrification, Off-Grid Solar investments have grown rapidly, more than doubling annually from 2021 to 2022. Annual investments will reach USD 284 million in 2023, an increase of USD 922 million since 2013.
Key players:
• Canadian Solar
• Solar Power Rocks LLC
• Yingli Solar
• HelioPower
• SMA Solar Technology
• Greenlight Planet
• Schneider Electric
• Backwoods Solar
• Su-Kam Power Systems
• Hanwha Group
• M-KOPA Kenya
• Delta Electronics Inc.
• Jinko Solar Holding Co. Ltd.
• SunPower Corporation
• ABB
• Solectria Renewables LLC
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Key company and market share insights:
Here, the leading competitors are emphasised for the benefit of the audience. The report examines key strategic decisions that big businesses make to maintain their market-leading positions, such as product portfolio strengthening, M&A, alliances, cutting-edge product development, and global expansion. The report includes the company’s goals as well as important financial information and unique insights. Additionally, users can get data on the companies’ global sales, revenue, and profit margins from 2017 through 2022.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Table Of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Off-grid Solar PV Panels Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
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