Key Off-Grid Solar Companies Driving Rural Energy Access Growth

Overview

The global off-grid solar power systems market is on a strong growth path, projected to expand from USD 3.9 billion in 2024 to about USD 9.8 billion by 2034, reflecting a CAGR of 9.7% during 2025–2034. The Asia-Pacific region leads this market, accounting for a 48.10% share and generating nearly USD 1.8 billion in revenue, driven by widespread rural electrification needs and supportive policy frameworks.

Off-grid solar power systems operate independently of national electricity grids, utilizing solar panels, batteries, charge controllers, and inverters to provide reliable power. These systems play a vital role in delivering electricity to homes, schools, clinics, and small businesses located in remote or underserved regions where grid extension is either unreliable or economically unviable.

Demand is particularly high in countries with uneven access to electricity. In Honduras, although overall electrification is relatively high, many rural communities remain without stable power. With a large rural population and widespread poverty, off-grid solar systems provide an effective solution for basic energy needs such as lighting, mobile charging, and small appliance use. Limited income levels and weak grid infrastructure further strengthen the case for decentralized solar solutions.

Policy support also plays a key role. In India, the government allocated ₹1,500 crore to solar power grids in the Union Budget 2025, reinforcing long-term solar deployment and accelerating off-grid and decentralized energy access. Overall, off-grid solar systems offer a practical, affordable, and fast pathway to energy security and improved living standards in remote regions.

Top Key Players in the Market

• ABB Ltd.
• AKUO ENERGY SAS
• Azuri Technologies Ltd.
• Canadian Solar Inc.
• ENGIE SA
• Gem Energy Australia Pty Ltd.
• JinkoSolar Holding Co. Ltd.
• Kirloskar Group
• M KOPA
• OMC Power Pvt. Ltd.

1. ABB Ltd.

ABB Ltd. is a global leader in electrification, automation, robotics, and motion technologies supporting industries worldwide. Operating in more than 100 countries, ABB provides engineering systems that enhance productivity, reduce emissions, and improve energy efficiency. Its core divisions—Electrification, Process Automation, Motion, and Robotics—serve sectors such as manufacturing, energy, transportation, and infrastructure.

With over 110,000 employees and a strong R&D foundation, ABB continues expanding its global footprint through innovation and sustainability. Headquartered in Zurich, the company invests heavily in digital technologies that enable decarbonization and industrial transformation across global markets.

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2. AKUO ENERGY SAS

Akuo Energy is a French renewable energy developer specializing in solar, wind, hydro, and storage projects. Its mission is to accelerate the clean energy transition through sustainable power infrastructure that benefits local communities. Akuo operates across Europe, the Americas, and Asia and emphasizes environmentally responsible energy production.

The company focuses on innovative solutions, including agrovoltaics and hybrid renewable systems. Following Ardian’s acquisition, Akuo continues expanding its global portfolio under CEO Bruno Bensasson, supporting long-term renewable infrastructure and environmental resilience.

3. Azuri Technologies Ltd.

Azuri Technologies delivers off-grid solar solutions to rural households primarily in sub-Saharan Africa. Its PAYG solar home systems provide clean, reliable lighting, phone charging, and small appliance power for communities without grid access. Azuri uses its HomeSmart technology to optimize energy usage for consistent performance.

The company partners with local distributors to deliver and maintain solar systems across remote regions. Azuri’s mission centers on reducing energy poverty, improving education and health, and supporting digital connectivity in underserved communities.

4. Canadian Solar Inc.

Canadian Solar is a global solar technology company producing photovoltaic modules, storage systems, and integrated renewable energy solutions. The company operates manufacturing plants and develops large-scale solar and storage projects through its subsidiary, Recurrent Energy.

Canadian Solar has delivered over 170 GW of panels globally and continues investing in advanced solar technologies like N-type and TOPCon modules. Serving customers in more than 160 countries, the company plays a major role in global clean energy development.

5. ENGIE SA

ENGIE SA is a multinational clean energy and sustainability solutions provider headquartered in France. It focuses on renewable power generation—including wind, solar, and green hydrogen—while also delivering large-scale infrastructure services and energy management systems to global markets.

ENGIE operates in over 30 countries, supporting cities and industries with decarbonization strategies. The company promotes low-carbon transition and digital transformation under the leadership of CEO Catherine MacGregor.

6. Gem Energy Australia Pty Ltd.

Gem Energy Australia is a leading solar engineering and installation company offering renewable energy solutions for residential and commercial customers. It delivers customized solar, battery, and hybrid energy systems to enhance efficiency and reduce costs.

The company specializes in commercial solar EPC services, providing end-to-end solutions for large-scale projects. Its focus remains on sustainability, technical precision, and long-term energy independence for Australian businesses and households.

7. JinkoSolar Holding Co. Ltd.

JinkoSolar is one of the world’s largest solar module manufacturers, supplying high-efficiency panels to over 160 countries. The company vertically integrates production from silicon wafers to finished modules, ensuring quality and performance across its product line.

JinkoSolar continues advancing solar cell efficiency with N-type and TOPCon technologies. It also offers energy storage solutions for utility and commercial applications. The company maintains major global manufacturing centers supporting large-scale production.

8. Kirloskar Group

Kirloskar Group is one of India’s oldest industrial groups with diversified engineering businesses, including pumps, compressors, engines, and industrial systems. The group supports infrastructure, water management, agriculture, and manufacturing sectors through advanced engineering products.

With over 130 years of industrial heritage, Kirloskar operates globally through its key subsidiaries such as Kirloskar Oil Engines and Kirloskar Brothers. The group is known for product reliability and engineering excellence.

9. M-KOPA

M-KOPA is a digital finance platform serving customers across Africa through pay-as-you-go smartphones, loans, and financial services. It helps low-income households access essential technologies through flexible micro-payments, building credit and digital inclusion.

The company has grown rapidly, reaching millions of customers in Kenya, Ghana, Nigeria, Uganda, and South Africa. M-KOPA also offers insurance and device protection products to enhance financial security.

10. OMC Power Pvt. Ltd.

OMC Power develops solar microgrids to electrify rural and underserved regions in India. Its decentralized energy systems supply clean power to telecom towers, rural businesses, and households at affordable costs.

Through its Microgrid-as-a-Service model, OMC Power supports rural economic activity, productive loads, and social infrastructure. The company focuses on replacing diesel generators with reliable solar power.

Conculsion

Off-grid solar power systems represent a dependable and sustainable pathway to expanding energy access in remote and underserved regions. These systems reduce dependence on traditional grids and allow communities to control their own power generation. By providing clean energy for households, schools, and small businesses, off-grid solar improves living standards and supports economic development.

It enables essential services such as lighting, communication, and refrigeration while reducing reliance on diesel fuel. As governments and organizations continue investing in decentralized energy solutions, off-grid solar will remain a practical and affordable approach for achieving wider electrification and long-term energy resilience in rural areas.

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