Market Overview:
The global solar lighting market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of solar lighting. The global solar lighting market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into low pressure sodium lamp and HPS (high pressure sodium) light. Low pressure sodium lamps are more efficient than other types of lamps but emit a yellowish light that may not be suitable for all applications. HPS lights are less efficient but provide a brighter white light that is better suited for most applications. On the basis of application, it can be classified into energy, municipal, school, and residential area/factory area segments. The energy segment is expected to account for a major share in terms of revenue in this market owing to rising demand from commercial and industrial sectors across regions.
Product Definition:
Solar Lighting is the use of solar energy to power lights. Solar lighting is important because it can reduce energy costs, and it is a more sustainable option than traditional forms of lighting.
Low Pressure Sodium Lamp:
Low pressure sodium lamp is a low-cost light source, which has several advantages over high pressure sodium lamps. It produces a soft white light with excellent color rendering properties and offers an extended service life of up to 50,000 hours. Low-pressure Sodium lights have the ability to deliver approximately 80% more lumens per watt than high-pressure variants, making them ideal for applications where energy efficiency is crucial such as solar lighting systems.
HPS(High Pressure Sodium)Light:
High Pressure Sodium (HPS) light is a type of solar lighting that produces an orange-red light. It has higher energy content than traditional incandescent lights and can be used in outdoor applications where other types of lights would not work. HPS lights are more efficient, durable, and have a longer life span; all these factors make them popular among consumers.
Application Insights:
The residential area/factory area application segment accounted for the largest revenue share of over 40% in 2017. The demand for solar lighting is increasing rapidly in residential areas, as it helps to save electricity costs and also reduces carbon footprint. Moreover, growing awareness among consumers regarding energy conservation is expected to propel the growth of this segment during the forecast period.
Energy application was one of the prominent segments accounting for a significant market share in 2017 owing to rising concerns regarding global warming and pollution levels. Governments across various countries are taking numerous initiatives such as installing LED streetlights with dimming features that help reduce electricity consumption by 50%. Such initiatives are expected to augment product demand over the next seven years from 2018 to 2030.
Regional Analysis:
Asia Pacific regional solar lighting market is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding its adverse effects and benefits. The region accounted for a share of more than 35% in 2017, which can be attributed to growing population and rising disposable income. Moreover, government initiatives encouraging people towards energy conservation are expected to drive the demand for these lights in residential as well as commercial applications.
The Middle East & Africa (MEA) market is projected to grow at a lucrative rate over the forecast period dueNorth African countries such as Egypt and Morocco have been using low pressure sodium lamps since long because they are economical but harmful rays affect human eyesight causing eye damage after prolonged exposure; however, high pressure sodium light has become popular recently due its less harmful rays that do not cause any permanent eye damage unlike LPS light which causes cataract formation after prolonged exposure. This factor is also driving adoption of HPS lights across MEA countries such as Nigeria, South Africa etc.
Growth Factors:
- Increasing demand for solar lighting from rural areas due to lack of access to grid electricity
- Government initiatives and subsidies for solar lighting in developing countries
- Rising awareness about the benefits of solar lighting among consumers
- Technological advancements that have led to the development of more efficient and affordable solar lights
- Growing demand for renewable energy sources worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Lighting Market Research Report
By Type
Low Pressure Sodium Lamp, HPS(High Pressure Sodium)Light
By Application
Energy, Municipal, School, Residential Area/Factory Area
By Companies
Philips, Westinghouse Electric Company, Gama Sonic, Tesco, Urja Global Ltd, Sunny Solar Technology, Nokero, D.light, Leadsun, Bisol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Solar Lighting Market Report Segments:
The global Solar Lighting market is segmented on the basis of:
Types
Low Pressure Sodium Lamp, HPS(High Pressure Sodium)Light
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Municipal, School, Residential Area/Factory Area
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips
- Westinghouse Electric Company
- Gama Sonic
- Tesco
- Urja Global Ltd
- Sunny Solar Technology
- Nokero
- D.light
- Leadsun
- Bisol
Highlights of The Solar Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Pressure Sodium Lamp
- HPS(High Pressure Sodium)Light
- By Application:
- Energy
- Municipal
- School
- Residential Area/Factory Area
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar lighting is a type of lighting that uses solar energy to produce light. Solar lights typically use a battery or an AC adapter to generate power, and then use this power to turn on LEDs or other light sources.
Some of the major companies in the solar lighting market are Philips, Westinghouse Electric Company, Gama Sonic, Tesco, Urja Global Ltd, Sunny Solar Technology, Nokero, D.light, Leadsun, Bisol.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solar Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solar Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solar Lighting Market Size & Forecast, 2020-2028
4.5.1 Solar Lighting Market Size and Y-o-Y Growth
4.5.2 Solar Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Pressure Sodium Lamp
5.2.2 HPS(High Pressure Sodium)Light
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Municipal
6.2.3 School
6.2.4 Residential Area/Factory Area
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Pressure Sodium Lamp
9.6.2 HPS(High Pressure Sodium)Light
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Municipal
9.10.3 School
9.10.4 Residential Area/Factory Area
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Pressure Sodium Lamp
10.6.2 HPS(High Pressure Sodium)Light
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Municipal
10.10.3 School
10.10.4 Residential Area/Factory Area
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Pressure Sodium Lamp
11.6.2 HPS(High Pressure Sodium)Light
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Municipal
11.10.3 School
11.10.4 Residential Area/Factory Area
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Pressure Sodium Lamp
12.6.2 HPS(High Pressure Sodium)Light
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Municipal
12.10.3 School
12.10.4 Residential Area/Factory Area
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Pressure Sodium Lamp
13.6.2 HPS(High Pressure Sodium)Light
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Municipal
13.10.3 School
13.10.4 Residential Area/Factory Area
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar Lighting Market: Competitive Dashboard
14.2 Global Solar Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Westinghouse Electric Company
14.3.3 Gama Sonic
14.3.4 Tesco
14.3.5 Urja Global Ltd
14.3.6 Sunny Solar Technology
14.3.7 Nokero
14.3.8 D.light
14.3.9 Leadsun
14.3.10 Bisol
