Market Overview

The Global Off-grid Solar Power Systems Market is expected to grow by $ 2.97 bn during 2020-2024 progressing at a CAGR of 11% during the forecast period


New York, July 04, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Off-grid Solar Power Systems Market 2020-2024" -
Our reports on off-grid solar power systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high cost of grid expansion, need for increasing energy accessibility, and higher adoption of hybrid power systems. In addition, high cost of grid expansion is anticipated to boost the growth of the market as well.
The off-grid solar power systems market analysis includes application segment and geographic landscapes

The off-grid solar power systems market is segmented as below:
By Application
• Non-residential
• Residential

By Geographic Landscapes
• Europe
• North America
• South America

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. Also, increasing grid electrification, and continuous decline in technology costs will lead to sizable demand in the market.
"The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our off-grid solar power systems market covers the following areas:
• Off-grid solar power systems market sizing
• Off-grid solar power systems market forecast
• Off-grid solar power systems market industry analysis"

Read the full report:

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