2024 global off-grid power system market income of over $14.2 billion


2024 global off-grid power system market income of over $14.2 billion

2024 global off-grid power system market income of over $ 14.2 billion

According to the international market research firm TMR recently released research report shows that in 2016, the global off-grid power system market income reached 11.9385 billion US dollars (about 8.887 billion yuan), is expected by 2024, this data will increase to 2.1595 billion US dollars (About RMB 14.266 billion), with a compound annual growth rate of approximately 7.35%.

The report said that the solar energy, wind energy industry and oil and gas industry infrastructure is to promote remote areas off-grid power system demand for stable growth of the main reasons. At the same time, the development of battery technology for the popularity of off-grid power system provides a solid reserve force, especially lithium-ion batteries, lead-acid batteries and nickel-cadmium batteries.

From a regional perspective, North America will become the largest regional market for off-grid power systems, especially in the United States and Canada. In 2014, the two countries off the net power system market revenue accounted for about 85% of North America. At the same time, the decline in oil prices and renewable energy costs will continue to promote the development of off-grid power systems.

Second, the European region with the government to increase investment in infrastructure, energy efficiency needs and green energy targets will usher in the rapid growth of off-grid power system.

From the enterprise point of view, Energy Solutions, Evergreen Energy Technologies, Ensol Systems, HES Energy Systems, Victron Energy, SFC Energy, UPS Systems will become the world's leading off-grid power system technology suppliers.