Difference between revisions of "Publication - Global Off-Grid Solar Market Data July-December 2023"
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Latest revision as of 11:48, 29 May 2024
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Title
Global Off-Grid Solar Market Data July-December 2023
Publisher
GOGLA
Author
GOGLA
Published in
May 2024
Abstract
The off-grid solar industry has shown tremendous resilience throughout the COVID-19 pandemic. Following a significant dip in sales in 2020, sales grew to a record 9.53 million units sold in 2022.
Following this peak, sales in 2023 decreased by 6% to 8.96 million units. This decrease is linked to a structurally declining market in South Asia as well as to lower sales or slower growth in core markets in Sub-Saharan Africa.
Aggregated sales of key off-grid appropriate appliances (TVs, fans, refrigeration units, and solar water pumps) reached 1.79 million units in 2023, up from 1.53 million units sold in 2022. 70% of units reported are fans, 28% are TVs, 2% are solar water pumps and less than 1% are fridges.
Higher sales of appliances in 2023 are mostly linked to higher sales of TVs in West Africa and fans in both West Africa and South Asia.
Explore the report for additional insights into trends at global, regional and country levels and to discover the latest data from July-December 2023.URL
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