Product ID: SQSG55E2003
Global Off-Grid Housing Market Size, Share, Growth Analysis, By Renewable Energy(Solar, Wind), By House Type(RV, Country Cabin) - Industry Forecast 2024-2031
Report ID:
SQSG55E2003 |
Region:
Global |
Published Date: February, 2024
Pages:
279
|
Tables:
64 |
Figures:
75
Global Off-Grid Housing Market Regional Insights
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.
Global Off-Grid Housing Market Report Snapshots
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