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Solar Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global solar generator market reached a value of US$ 391.5 Million in 2018. The market is further projected to reach a value of US$ 555.5 Million by 2024, registering a CAGR of around 6% during 2019-2024. Solar generator refers to a solar-based photovoltaic (PV) system which produces electricity from photonic energy of the sunlight. There are two types of solar generators, namely, on-grid and off-grid. They are available in different sizes and capacities based on the consumer’s requirement. Solar generators are economical; require minimal cost investments and fuel for operation; generate zero pollution; and can store energy for future purposes. Owing to these factors, they are increasingly being used for the production and distribution of power across the globe.

Global Solar Generator Market Report


One of the primary factors driving the market growth is the increasing shortage of electricity across the globe and the consequent demand for power-backup. Catalysed by population growth and increasing urbanisation levels, the demand of power has been showing an increasing trend over the last few decades. Moreover, across many regions, there is currently an imbalance between the supply and demand of power, ultimately leading to a power shortage. Solar generators are currently playing an important role in reducing this shortage. Further, the market is also being influenced by the rising concerns about climatic change that has created an awareness concerning the usage of renewable resources like solar, hydro and wind power. Moreover, governments across the globe are encouraging investments in renewable resources by providing tax relaxations and incentives. These investments have reduced the prices of solar generators, thereby facilitating the demand. 

Market Summary:

  • Based on the grid-connectivity, the market has been segmented into off-grid and on-grid. Currently, off-grid connectivity dominates the market, holding the largest share.
  • On the basis of end-user, the residential sector represents the largest segment, followed by commercial, industrial and military.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined in the report along with the profiles of the key players. Some of the key players operating in the market include Goal Zero, Hollandia, Altern, Jaspak, Sunvis Solar, Biolite, Powerenz, SolMan, SolaRover, SolarLine and Voltaic.


This report provides a deep insight into the global solar generator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the solar generator industry in any manner.

Key Questions Answered in This Report:

  • How has the global solar generator market performed so far and how will it perform in the coming years?
  • What are the key regions in the global solar generator market?
  • Which are the major types of solar generators?
  • Who are the major end-users of solar generators?
  • What are the various stages in the value chain of the global solar generator market?
  • What are the key driving factors and challenges in the global solar generator market?
  • What is the structure of the global solar generator market and who are the key players?
  • What is the degree of competition in the global solar generator market?
  • How are solar generators manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Solar Generator Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
    5.4    Market Breakup by Grid Connectivity
    5.5    Market Breakup by End-User
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
    5.10    Porter’s Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6    Market Breakup by Grid Connectivity
    6.1    Off-Grid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    On-Grid
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by End-User
    7.1    Residential
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Commercial
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Industrial
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Military
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Europe
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Middle East and Africa
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Latin America
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Solar Generator Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Goal Zero
        10.3.2    Hollandia
        10.3.3    Altern
        10.3.4    Jaspak 
        10.3.5    Sunvis Solar
        10.3.6    Biolite
        10.3.7    Powerenz
        10.3.8    SolMan
        10.3.9    SolaRover
        10.3.10    SolarLine
        10.3.11    Voltaic

List of Figures

Figure 1: Global: Solar Generator Market: Major Drivers and Challenges
Figure 2: Global: Solar Generator Market: Sales Value (in Million US$), 2011-2018
Figure 3: Global: Solar Generator Market: Breakup by Grid Connectivity (in %), 2018
Figure 4: Global: Solar Generator Market: Breakup by End-User (in %), 2018
Figure 5: Global: Solar Generator Market: Breakup by Region (in %), 2018
Figure 6: Global: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 7: Solar Generator Market: Price Structure (US$/)
Figure 8: Global: Solar Generator Industry: SWOT Analysis
Figure 9: Global: Solar Generator Industry: Value Chain Analysis
Figure 10: Global: Solar Generator Industry: Porter’s Five Forces Analysis
Figure 11: Global: Solar Generator (Off-Grid) Market: Sales Value (in Million US$), 2011 & 2018
Figure 12: Global: Solar Generator (Off-Grid) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Solar Generator (On-Grid) Market: Sales Value (in Million US$), 2011 & 2018
Figure 14: Global: Solar Generator (On-Grid) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Solar Generator (Residential Use) Market: Sales Value (in Million US$), 2011 & 2018
Figure 16: Global: Solar Generator (Residential Use) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Solar Generator (Commercial Use) Market: Sales Value (in Million US$), 2011 & 2018
Figure 18: Global: Solar Generator (Commercial Use) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Solar Generator (Industrial Use) Market: Sales Value (in Million US$), 2011 & 2018
Figure 20: Global: Solar Generator (Industrial Use) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Solar Generator (Military Use) Market: Sales Value (in Million US$), 2011 & 2018
Figure 22: Global: Solar Generator (Military Use) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: North America: Solar Generator Market: Sales Value (in Million US$), 2011 & 2018
Figure 24: North America: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Europe: Solar Generator Market: Sales Value (in Million US$), 2011 & 2018
Figure 26: Europe: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Asia Pacific: Solar Generator Market: Sales Value (in Million US$), 2011 & 2018
Figure 28: Asia Pacific: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Middle East and Africa: Solar Generator Market: Sales Value (in Million US$), 2011 & 2018
Figure 30: Middle East and Africa: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Latin America: Solar Generator Market: Sales Value (in Million US$), 2011 & 2018
Figure 32: Latin America: Solar Generator Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Solar Generator Manufacturing: Process Flow

List of Tables

Table 1: Global: Solar Generator Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Solar Generator Market Forecast: Breakup by Grid Connectivity (in Million US$), 2019-2024
Table 3: Global: Solar Generator Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 4: Global: Solar Generator Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Solar Generator Manufacturing: Raw Material Requirements
Table 6: Global: Solar Generator Market: Competitive Structure
Table 7: Global: Solar Generator Market: Key Players

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