Global Off-Grid Solar Market Size Projected to Surge USD 4.5 Billion Growth by 2030, Exhibit a CAGR of 7.9%

Newark, Oct. 23, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 2.1 Billion in 2021 off-grid solar market will reach USD 4.5 Billion by 2030. Off-grid solar power systems are a popular solution to increase access to renewable energy while protecting the environment. Off-grid solar systems work independently from the electrical grid due to batteries that store the solar electricity generated by the system. The four essential components of an off-grid solar system are batteries, solar panels, inverters, and controllers. These systems provide electricity for essential loads in locations without a power grid.
• JA Solar
• Trina Solar
• LONGi Solar
• Canadian Solar
• Sun Power Corporation
• First Solar
• Hanwha Q-CELLS
• Risen Energy
• Talesun
• Thin Film
• Crystalline Silicon
• Others
• Commercial
• Industrial
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)