USD 2.1 billion
Report ID: SQSG55E2003 | Region: Global | Published Date: November, 2022 | Pages: 279 | Tables: 64 | Figures: 75
Global Off-Grid Housing Market size was valued at USD 2.1 billion in 2021 and is poised to grow from USD 2.27 billion in 2022 to USD 4.5 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).
The ability to save money on utilities and reduce one's environmental effects is a crucial feature driving the off-grid housing industry. With the epidemic highlighting the fragility of supply networks, many individuals have realized that they should aim to be less reliant on the grid.
Off-grid homes rely entirely on their own energy sources, which are frequently renewable sources such as the sun and wind. When a building is off the grid, it implies it has no physical connection or link with any type of utility, and all of the electricity it requires is generated and stored by itself. Living off the grid need strong and dependable energy generating and storage system, as just turning a switch in the case of a power outage is not an option. Off-grid homes, offices, and facilities produce their own electricity using solar, wind, wood-burning stoves, or fossil fuel-powered generators.
US Off-Grid Housing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.1 billion
To get more reports on the above market click here to Buy The Report
The Global Off-Grid Housing Market is segmented on the basis of Renewable Source Type, House Type, and region. Based on Renewable Source Type, the Off-Grid Housing Market is segmented into solar, wind, and others. Based on House Type, the Off-Grid Housing Market is segmented into RVs, Country Cabins, Tiny Homes, and Others. Based on region, the global Off-Grid Housing market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Off-Grid Housing Market Analysis by Renewable Energy
Solar energy dominated the global market and is expected to show similar dominance over the forecast period. Off-grid solar implies getting all of your energy from the sun, without relying on the power grid. To do this, you must build a solar power system in conjunction with an energy storage device, such as a solar battery, at the location of power consumption. Solar technology advancements have made solar equipment more efficient and less expensive, assisting in its mainstreaming. RVs and rural cottages powered exclusively by off-grid solar systems are increasingly very prevalent.
Off-Grid Housing Market Analysis by End-user
In 2021, the technological and product segment holds the largest revenue share for the Off-Grid Housing market and some other segments of the Off-Grid Housing market are the cultural and healthcare sector. Increasing the use of various AI and ML technological advancements in various fields is one of the reasons for increasing funding and growing revenue share of the technological and product sector. The increasing internet usage and growing awareness regarding individual health is expected to drive the cultural and healthcare sector in the coming years.
To get detailed analysis on other segments, Request For Sample Report
In 2021, the global Off-Grid Housing market was dominated by North America. This market size and revenue growth are expected to boom at the same pace because of the growing participation of countries in the region to accept and adapt the process of Off-Grid Housing. Solar solutions are projected to play a major role and a supporting factor in extending energy access to off-the-grid housing. The off-grid solar market is projected to reach more than 6 billion by the end of 2028.
North America is the largest market with more than 50% of the market share owing to the presence of the US and Canada. Tiny houses and off-grid living are popular in wealthy countries like the United States, but acceptance and purchasing of such (off-grid or tiny) housing are restricted in developing nations such as China and India.
The absence of big suppliers, along with customers' unwillingness to acquire such homes, poses a significant obstacle to the industry. Due to their lack of expertise in product offerings and technology, vendors find it challenging to enter the emerging markets of APAC and Eastern Europe.
With the rising cost of traditional residences in most nations, demand for tiny off-grid housing is likely to rise significantly over the next five years. The difficulty of young people to purchase traditional residences, as well as the desire for retired people to maximize their savings, are the primary drivers of global demand for transportable tiny homes.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Off-Grid Housing Market Driver
Off-Grid Housing Market Restraint
Lack of Awareness
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Off-Grid Housing market is relatively niche because of people’s mindset toward living off-grid however, the market is related to supporting factors such as solar panels, solar thermal systems, and lithium-ion batteries is growing and is highly competitive in nature. Players in the market are coming up with new product launches, mergers, and acquisitions to penetrate the market and expand across various geographies.
Off-Grid Housing Market Top Player’s Company Profiles
Off-Grid Housing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, As there are currently very few people living off-grid worldwide, the market for off-grid housing is relatively specialised. However, the market segments that are fostering the growth of off-grid living, such as solar power, wind energy, recreational vehicles, tiny homes, and DIY housing, are fiercely competitive due to the existence of numerous manufacturers who sell products that directly compete with one another through product features. To grow their market share, businesses operating in are implementing partnerships, mergers, and acquisition methods.
|Market size value in 2021||USD 2.1 billion|
|Market size value in 2030||USD 2.27 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Off-Grid Housing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Off-Grid Housing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Off-Grid Housing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Off-Grid Housing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG55E2003