Market Research Future® Latest Reports

Off-grid solar systems operate away from the grid but store solar energy inside batteries. The self-sustaining systems can allocate power to loads in case of an energy crunch. The global off-grid solar market report by Market Research Future (MRFR) underscores the various growth enablers, challenges, opportunities, and trends and other facets of the industry for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report as well. Market Scope The  global off-grid solar market  is anticipated to grow at 12.50 % CAGR during the forecast period. It is expected to witness substantial growth during the forecast period owing to efforts to minimization of carbon footprint and low electricity costs. The transition towards clean energy is expected to drive the installation of solar panels and establishment of solar power plants. Efforts by governments to lower carbon dioxide levels as evident by the government of India e...