India Off-Grid Solar Power Market Size and Growth, 2033

India Off-Grid Solar Power Market Size, Share, Trends and Forecast by Type, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30321

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India Off-Grid Solar Power Market Overview:

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	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 88.73 Million
Market Forecast in 2033	USD 215.6 Million
Market Growth Rate 2025-2033	10.37%

India Off-Grid Solar Power Market Trends:

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.

India Off-Grid Solar Power Market Size

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.

India Off-Grid Solar Power Market Segmentation:

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:

Non-Residential
Residential

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:

North India
South India
East India
West India

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.

Competitive Landscape:

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.

India Off-Grid Solar Power Market News:

In March 2025, Tata Power and the Municipal Corporation of Greater Mumbai (MCGM) initiated a scheme to move water pumping activities to the solar and off-peak hours. A 23-day experiment at BMC-Bhandup successfully shifted 345 kW for three hours each day, saving 23,000 units of electricity and lowering carbon emissions by 21 tons. Extending this strategy to Mumbai could shift 50 MW per month, saving 1.8 million units and offsetting 1,620 tons of carbon yearly.
In February 2025, a professor at NIT Raipur and his team developed a 'Fault Tolerant Inverter' to overcome concerns with solar power supply. This invention assures that solar panels provide continuous energy for both household and industrial uses, increasing the reliability of off-grid solar systems in India.

India Off-Grid Solar Power Market Report Coverage:

Report Features	Details
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: Type Application Region
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:

How has the India off-grid solar power market performed so far and how will it perform in the coming years?
What is the breakup of the India off-grid solar power market on the basis of type?
What is the breakup of the India off-grid solar power market on the basis of application?
What are the various stages in the value chain of the India off-grid solar power market?
What are the key driving factors and challenges in the India off-grid solar power market?
What is the structure of the India off-grid solar power market and who are the key players?
What is the degree of competition in the India off-grid solar power market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India off-grid solar power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India off-grid solar power market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India off-grid solar power industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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