Off-Grid Solar Market 2022 Growth Drivers, Regional Supply and Future Forecast 2030 marketresearchfuture.com

The off-grid solar market size 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 encouraging solar systems for major businesses to lower the load on utilities can be a plus for the market.