This latest Global Off-Grid Solar Market Report presents
sales and impact data for January to June 2018,
reflecting the performance of almost 70 companies,
which are GOGLA members and companies that sell
Lighting Global quality-verified products. A new insight
revealed in this report highlights that, as a result of
off-grid system ownership, an estimated $3.5 billion in
additional income will be generated for households over
the lifetime of the products sold to date. And that’s just
what we know from our members and affiliates. Now,
more than ever, we can see the potential impact that
the products and services in the off-grid solar sector are
bringing to customers.
3.7 million off-grid solar products were sold globally during the first half of 2018, a modest increase of 4%, compared to the same time a year ago. But with over one billion people worldwide still unreached by reliable electricity provision, the market continues to see vast untapped potential. According to the 2018 Off-Grid Solar Market Trends report, off-grid solar devices sold to date are estimated to have penetrated around 17% of the global potential market. However, while the market as a whole might not be growing fast, with unit sales seemingly stagnating, we are observing a noticeable shift into higher bracket product categories, with an increase in newly installed capacity, thanks largely to the steady growth of multi-light and solar home systems. During the first half of 2018, 26 MW of solar capacity was installed globally, a 40% increase compared again to the same period of 2017.
3.7 million off-grid solar products were sold globally during the first half of 2018, a modest increase of 4%, compared to the same time a year ago. But with over one billion people worldwide still unreached by reliable electricity provision, the market continues to see vast untapped potential. According to the 2018 Off-Grid Solar Market Trends report, off-grid solar devices sold to date are estimated to have penetrated around 17% of the global potential market. However, while the market as a whole might not be growing fast, with unit sales seemingly stagnating, we are observing a noticeable shift into higher bracket product categories, with an increase in newly installed capacity, thanks largely to the steady growth of multi-light and solar home systems. During the first half of 2018, 26 MW of solar capacity was installed globally, a 40% increase compared again to the same period of 2017.
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