USD 2.1 billion
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 Insights
Global Off-Grid Housing Market size was valued at USD 2.1 billion in 2019 and is poised to grow from USD 2.27 billion in 2023 to USD 4.5 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solar Energy
Fastest Growth
Solar Energy
Growth Rate
7.9% CAGR
Global Off-Grid Housing Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Off-Grid Housing Market Size by Renewable Source, 2021-2028 ($ Bn)
Global Off-Grid Housing Market by Renewable Source, 2021-2028 (%)
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Global Off-Grid Housing Market Segmental Analysis
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.
Global Off-Grid Housing Market by Renewable Source, 2021 (%), 2023 (%)
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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 By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Off-Grid Housing Market Dynamics
Off-Grid Housing Market Driver
Sustainable Lifestyle
- The number of people adopting a more sustainable way of life is rapidly growing. More customers are taking the initiative to reduce food waste, recycle household waste, buy more seasonal produce vegetables, limit water usage, and consume less meat. All of these factors are expected to shift consumer attitudes toward off-grid living.
- Variety-seeking behaviour is one of the key factors fuelling off-grid living. After COVID, consumers are opting to live amongst nature and far away from populated cities. Hence, less dependency on the usual infrastructure of urban living is supporting the off-grid housing movement. For instance, off-griding allows customers to choose their own land away from cities and build houses by changing the design, shape, and foundation of the home as per the choice.
- Living off-grid eliminates the stress of contemporary life and lets people reconnect with nature. Off-grid settlements are frequently located in the most beautiful and isolated areas on the planet, surrounded by deep forests, natural water sources like waterfalls or lakes, and a plethora of animals. Off-grid housing also frees consumers from regular bills, for instance, no electricity bills, no water bills, and no connections payment every month. Off-grid living allows consumers to do important work every day, which improves happiness and well-being. As a result, cortisol output decreases, which benefits both brain function and immunological modulation, so improving both mental and physical health.
Off-Grid Housing Market Restraint
Lack of Awareness
- The key reasons for not adopting a more sustainable lifestyle are connected to expense, a lack of interest in the problem of sustainability, and a lack of information. Consumers believe that adopting a more sustainable lifestyle makes little impact and that it is too difficult or not available to them. For instance, the foremost challenge in living off-grid is the sacrifice of living on the grid and an easy lifestyle. Life without a nearby store, refrigeration system, AC, television, washing machine, oven, etc. can be difficult.
- Furthermore, 52% of the consumers believe that living a sustainable life is more expensive followed by another 51% of the consumer who believes that they lack interest in the issue of sustainability. Habitual purchase and consumption pattern is another key challenge associated with the unpopularity of off-grid living. Off-grid living is associated with minimalism; however, today’s consumers are driven by materialistic factors such as image, possessions, wealth, and status. Hence, materialism is the key restraint behind the lesser penetration of the off grid living lifestyle.
- Micro restraining factors associated with off-grid living include the survival instincts of consumers such as food and shelter. For instance, Finding a few acres of property, preferably miles away from the grid system, far away from strict building standards and approval procedures, can be difficult at times. Access to safe drinking water is another barrier that restricts consumers' ability to pick a home near a water supply. Also, growing food becomes a necessity as access to grocery shops daily becomes more difficult. It is also necessary to invest a good amount of capital in farm animals, such as chickens for eggs or cows for dairy, as well as a small plot of land for vegetables. Because many of these investments do not pay off immediately, funding is a substantial impediment.
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Global Off-Grid Housing Market Competitive Landscape
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
- Suncast Corporation
- Green Rhino Energy
- Envirotech Batteries
- SunPower Corporation
- Kyocera Solar Inc.
- Schneider Electric SE
- SMA Solar Technology AG
- OutBack Power
- Schneider Electric SE
- Blue Pacific Solar Products, Inc.
- Renogy LLC
- Magnum Energy, Inc.
- Zamp Solar, LLC
- MidNite Solar, Inc.
- SimpliPhi Power, Inc.
- Goal Zero
- Wagan Corporation
- Duracell Inc.
- BioLite Inc.
- Arcadia Power
Off-Grid Housing Market Recent Developments
- In January 2022, Ford and Erwin Hymer Group (EHG) have announced a framework agreement for the delivery of customer-ready recreational vehicles and motorhomes based on Ford Transit and Ford Transit Custom.
- In January 2022, Thor revealed a concept E.V motorhome with a range of 300 miles. According to the corporation, evolving customer preferences in electric automobiles and trucks may potentially indicate growing opportunities for electric RVs.
- In January 2022, Winnebago Industries, a motorhome manufacturer, displayed their design for an all-electric, zero-emission vehicle. This e-RV will be comparable to a class B RV in that it will have an 86-kWh battery that will give a 125-mile driving range while also powering a number of onboard comforts.
Global Off-Grid Housing Key Market Trends
- With the epidemic highlighting the fragility of supply networks, many individuals have realized that they should aim to reduce their reliance on the grid. Going off the grid used to mean living without power. It meant reading by candlelight and doing everything by hand. Because of huge advancements in solar panels and the technology underlying them, people can now go off-grid and yet have a TV and internet. Going "off the grid" is a relatively recent lifestyle trend fuelled by the advent of renewable energy. Many people throughout the world are choosing to live in residences that are free of municipal electricity and, in some cases, water, and are instead powered entirely by other sources. The opportunities for alternative, off-grid lives are expanding as technology improves and progresses.
- Renewable energy technologies are getting more efficient to utilize. Solar panels are becoming more efficient, allowing households and businesses to produce more power in less area. Solar PV panels are becoming lighter in weight, have a sleeker look, and a smaller profile, making them more visually appealing. Furthermore, solar shingles are becoming more common, and there are more options accessible than ever before. Despite these advancements, solar energy costs appear to stay rather steady.
Global Off-Grid Housing Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.1 billion |
| Market size value in 2031 | USD 4.5 billion |
| Growth Rate | 7.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Off-Grid Housing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Off-Grid Housing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Global Off-Grid Housing Market Report Snapshots
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