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Market & Feasibility Research Assistance on Off-Grid Solar Products
From EAI, a leader in renewable energy/cleantech research & consulting
While grid-connected solar projects enjoy the limelight, a large market exists today for off-grid solar solutions in areas where electricity is either absent or scarce. Off-grid solar presents a cost-competitive solution to such power hungry areas which currently depend on expensive solutions, such as diesel gensets or batteries, to obtain power.
Off-grid solar products (those that work on solar energy), comprising solar lights, power packs, solar water pumps among others, provide excellent business opportunities to small – medium size industries today.
Not surprisingly, most of the potential customers of off-grid products are not in the developed nations, and these off-grid solutions have an enormous and eager potential customer base in the developing world. According to 2016 estimates by World Energy Outlook, 1.2 billion people across the world do not have access to electricity. And these people reside mostly in rural areas of South Asia and Sub-Saharan Africa. Thus, for the developing world, off-grid solar based solutions help meet basic needs like lighting and access to water. Against this background, it is not surprising that the global off-grid solar market is poised to reach $3 billion by 2020 – not very large, but an attractive market for small and medium businesses.
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The off-grid solar market has its set of challenges. It sees competition from more robust and market pervasive solutions such as the extension of grid and diesel generators. And, even though the costs of usage of off-grid solar products may be lower over time than diesel generators, the upfront costs in investments in these solutions is a key deterrent in its widespread adoption. For the off-grid market to be successful, the investors or stakeholders must understand the market they are trying to reach. The low levels of awareness of the advantages of off-grid solar solutions among potential customers coupled with the fact that most of the solutions are purely DC compatible creates challenges that an investor or manufacturer needs to study in detail.
Thus, as with most emerging opportunities, offgrid solar presents a promising future but with challenges on the way. Hence, a balanced understanding of the opportunities the sector promises along with its inherent challenges is needed before investment decisions can be made.
If you are an investor or a key stakeholder keen on getting an expert market and feasibility study done for off-grid solar products, whom can you approach?
This is where EAI’s Market Research Assistance on Off-Grid Solar Products comes in.
So, if you are looking to outsource customized research on Off-Grid Solar Products, you should be talking to us
Send a note to consult@eai.in Or talk to Muthu +91-9952910083
EAI can provide custom research on off-grid solar products for the following stakeholders:
Our team can provide research inputs, insights and analyses on the following:
Through our custom research on off-grid solar market, we can provide information that include:
Specifically, our custom research can cover the following dimensions:
How many firms can claim they have worked along the entire Solar PV value chain?
EAI is one of the very few in the world!
Solar Mango, a division of EAI, focuses exclusively on the solar sector in India and abroad. Over the past many years, we have had the opportunity to work with some of the most prominent global and Indian corporates, organizations, and government bodies, providing them with strategic intelligence and business assistance.
EAI, along with Solar Mango, is your ideal partner for custom research on off-grid solar products because
Some of our acclaimed reports and whitepapers in the Bio-Energy domain
EAI’s Consulting Assistance in the Cleantech Domain
EAI’s Research & Reports
So, if you are looking to outsource customized research on Off-Grid Solar Products, you should be talking to us
Send a note to consult@eai.in Or talk to Muthu +91-9952910083