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Off-Grid Power Systems: Worldwide Market Analysis & Outlook (2018-2024) –


The “Off Grid Power System Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to’s offering.

The report predicts the global off grid power system market to grow with a CAGR of 17.8% over the forecast period of 2018-2024.

Increased consumption of energy and depleting natural resources have increased the sales of the off-grid power supply which drives the growth of the off-grid power system market. In addition, the demand for offshore wind energy plants for remote sensing is boosting the growth of the off-grid power system market.

However, high installation cost compared to other power generating sources are the factors restraining the growth of the off-grid power system market. Furthermore, the declining costs of decentralized renewable technology, the affordability and ease of access to off-grid technologies has increased which in turn is anticipated to bring favorable opportunities for the off-grid power system market.

Among the geographies, Asia Pacific dominated the off-grid power system market. According to the International Energy Agency, India stands out as one of the largest electrification success stories in history accounting for 2 out of every 5 people gaining access to electricity who hadn’t previously had access, since 2000.

Companies Profiled

  • Koninklijke Philips N.V.
  • Niwasolar
  • Tata Power Solar Systems Ltd.
  • SunnyMoney
  • Omnivoltaic Power Co. Ltd.
  • WakaWaka
  • BBOXX Ltd.
  • Sinoware Technology Co. Ltd.
  • Azuri Technologies Ltd.

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