The India off-grid solar power market size reached USD 88.73 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 215.6 Million by 2033, exhibiting a growth rate (CAGR) of 10.37% during 2025-2033. The rising rural electrification initiatives, declining solar panel costs, government subsidies, growing energy demand, and improved battery storage are the factors propelling the growth of the market. The increasing adoption of off-grid solar power in agriculture and commercial sectors further accelerates market growth.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 88.73 Million |
Market Forecast in 2033 | USD 215.6 Million |
Market Growth Rate 2025-2033 | 10.37% |
Expanding Clean Energy Access through Decentralized Solutions
The growing emphasis on localized renewable energy solutions is influencing the future of sustainable power systems. Governments and financial institutions are supporting efforts that will increase off-grid solar infrastructure, assuring stable power access in rural areas. Investments in clean energy are also encouraging innovation in green hydrogen generation, storage, and distribution, which will help achieve long-term decarbonization targets. Furthermore, financial support for renewable integration accelerates the transition to low-carbon energy systems, making clean electricity more accessible and cheaper. Private sector engagement is increasing, owing to favorable legislation and financing possibilities that support the development of scalable renewable energy solutions. As more resources are put into sustainable initiatives, decentralized renewable energy adoption is likely to play an increasingly important role in energy security and climate resilience. For example, in June 2024, the World Bank granted USD 1.5 Billion to support India's low-carbon energy projects, which include increasing off-grid solar power. This financing is intended to improve renewable energy integration, promote green hydrogen generation, and encourage private investment in clean energy solutions, ultimately assisting India's transition to sustainable energy sources.
Decentralized Solar-Powered EV Charging for Sustainable Mobility
The growing use of off-grid solar systems for charging electric vehicles (EVs) shows a trend toward energy independence and sustainability. These charging stations, powered by solar energy and reused batteries, do not rely on traditional power systems, making them suitable for remote places. The use of used EV batteries improves resource economy, minimizing electronic waste while increasing battery life. This strategy contributes to renewable energy transition efforts by providing dependable and cost-effective charging infrastructure. As the demand for electric vehicles develops, decentralized solar-powered charging options become increasingly important, addressing both energy security and environmental issues. The utilization of renewable energy for EV charging is consistent with the larger aims of reducing fossil fuel dependency and enhancing infrastructure resilience in a variety of regions. For instance, in February 2024, MG Motor India and BatX Energies launched India's first off-grid solar EV charging station, which uses repurposed MG EV batteries. This station runs independently of traditional power sources, providing sustainable charging for two- and four-wheelers while lowering carbon emissions and improving India's off-grid solar infrastructure.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes AC and DC.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes non-residential and residential.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | AC, DC |
Applications Covered | Non-Residential, Residential |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: