The On-grid system is connected with utility grid (like BESCOM in Bangalore) and this system would work only if the grid is available. In case of a power cut, the system will not work and hence the On-grid system is also termed as a Grid-tied system. Grid is required since the inverter needs to be provided a reference voltage and the inverter needs to sync with the grid in order to export energy back into the grid.
This report contains market size and forecasts of On Grid Solar Power System in global, including the following market information:
Global On Grid Solar Power System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global On Grid Solar Power System Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five On Grid Solar Power System companies in 2021 (%)
The global On Grid Solar Power System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
3 kw Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of On Grid Solar Power System include Loom Solar, Redavia Solar Power, SunEdison, Sunshine Solar, Premier Energy, GREENSUN, NEOSUN Energy, Fuji Solar Power System and Xinyi Solar, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the On Grid Solar Power System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global On Grid Solar Power System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global On Grid Solar Power System Market Segment Percentages, by Type, 2021 (%)
3 kw
5 kw
10 kw
Others
Global On Grid Solar Power System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global On Grid Solar Power System Market Segment Percentages, by Application, 2021 (%)
Residential
Commercial
Global On Grid Solar Power System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global On Grid Solar Power System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies On Grid Solar Power System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies On Grid Solar Power System revenues share in global market, 2021 (%)
Key companies On Grid Solar Power System sales in global market, 2017-2022 (Estimated), (K Units)
Key companies On Grid Solar Power System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Loom Solar
Redavia Solar Power
SunEdison
Sunshine Solar
Premier Energy
GREENSUN
NEOSUN Energy
Fuji Solar Power System
Xinyi Solar
DAH Solar
Csisolar
TCI
DS New Energy