Market Overview:
The global solar lights 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, rising awareness about the benefits of solar lights, and growing investments in renewable energy projects. The global solar lights market can be segmented on the basis of type into home lights, signal lights, lawn lights, landscape lights, logo Lights, streetlights and insect Lights. The home lighting segment is expected to account for the largest share of the global solar light market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030.
Product Definition:
Solar Lights are lights that use solar power to generate light. Solar Lights are important because they reduce the amount of energy needed to light an area and they do not produce any emissions.
Home Lights:
Home lights is a new term which came into existence only in the last few years. It includes all the lights used at home, be it indoor or outdoor. The growth factor for this market is increasing usage of electricity and development of modern technologies to make solar power more effective and efficient.
The traditional method of lighting was using candles or kerosene lamps; both were expensive, had limited light output and were difficult to use in small areas like a room.
Signal Lights:
Signal lights is a type of solar lighting system which includes colored light signals. These are used to communicate with other traffic participants and also for indicating ones own position to the other vehicles. They are widely used in roadways, railways, and shipping lanes for warning or indication purposes. The global signal lights market size spans across various applications such as railway signaling, highway traffic control systems, ship & yacht navigation systems among others.
Application Insights:
The roadway application segment accounted for the largest revenue share of over 50% in 2017. The need for area lighting on roads has been increasing due to increased traffic and number of accidents. Solar-powered roadway lights not only help in improving the aesthetics but also serve as a safety feature, thereby boosting demand across the globe.
Solar light fixtures are commonly installed at strategic points on highways and major roadways to enable drivers spot obstacles at night or during foggy weather conditions, thus ensuring safe driving habits across all seasons globally. Area lighting is further used along with streetlights to enhance visibility making it easier for drivers maneuver through an obstacle-ridden stretch of road or highway without getting involved in any kind of accidents or incidents that may lead to injuries or damages caused to other vehicles & pedestrians nearby.
Regional Analysis:
Asia Pacific regional solar lights market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for infrastructure development. For instance, in India, the National Solar Mission was launched by the Government of India in January 2014 with an aim to generate 20 GW of solar power by 2022. The government has set a target of achieving 40% electricity generation from renewable sources by 2030. Increasing adoption of LED lighting across residential and commercial applications is expected to further fuel demand over the next eight years.
North America region accounted for more than 15% share in 2016 and is projected to grow at a CAGR exceeding 5% from 2017 to 2030 due its well-established manufacturing base along with high awareness regarding energy conservation practices resulting into reduced electricity consumption per capita as comparedto other regions. Moreover, technological advancements such as smart grid implementation are expected toundertake control on overall energy consumption thereby reducing usageof these decorative products leading into higher demandin near future.
Growth Factors:
- Increasing demand for solar lights from rural areas due to lack of reliable grid power supply
- Government initiatives and subsidies for installation of solar lights systems
- Rising awareness about the benefits of using solar lights among consumers
- Technological advancements in solar lighting products that are more efficient and affordable
- Growing demand for renewable energy sources across the world
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Lights Market Research Report
By Type
Home Lights, Signal Lights, Lawn Lights, Landscape Lights, Logo Lights, Street Lights, Insect Lights
By Application
Roadway, Area Lighting, Home Lighting, Others
By Companies
Philips Lighting, Gama Sonic, Tesco, Brinkman, Westinghouse, Coleman Cable, XEPA, Nature Power, Eglo, D.light, Nokero, Risen, Himin Solar, Shenzhen Jiawei Solar Lighting, Sunny Solar Technology, Nbsolar
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Solar Lights Market Report Segments:
The global Solar Lights market is segmented on the basis of:
Types
Home Lights, Signal Lights, Lawn Lights, Landscape Lights, Logo Lights, Street Lights, Insect Lights
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
Roadway, Area Lighting, Home Lighting, Others
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 Lighting
- Gama Sonic
- Tesco
- Brinkman
- Westinghouse
- Coleman Cable
- XEPA
- Nature Power
- Eglo
- D.light
- Nokero
- Risen
- Himin Solar
- Shenzhen Jiawei Solar Lighting
- Sunny Solar Technology
- Nbsolar
Highlights of The Solar Lights 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:
- Home Lights
- Signal Lights
- Lawn Lights
- Landscape Lights
- Logo Lights
- Street Lights
- Insect Lights
- By Application:
- Roadway
- Area Lighting
- Home Lighting
- Others
- 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 Lights 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 Lights is a company that manufactures solar powered lights.
Some of the major players in the solar lights market are Philips Lighting, Gama Sonic, Tesco, Brinkman, Westinghouse, Coleman Cable, XEPA, Nature Power, Eglo, D.light, Nokero, Risen, Himin Solar, Shenzhen Jiawei Solar Lighting, Sunny Solar Technology, Nbsolar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Lights 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 Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Lights 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 Lights 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 Lights Market Size & Forecast, 2018-2028
4.5.1 Solar Lights Market Size and Y-o-Y Growth
4.5.2 Solar Lights Market Absolute $ Opportunity
Chapter 5 Global Solar Lights 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 Solar Lights Market Size Forecast by Type
5.2.1 Home Lights
5.2.2 Signal Lights
5.2.3 Lawn Lights
5.2.4 Landscape Lights
5.2.5 Logo Lights
5.2.6 Street Lights
5.2.7 Insect Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Lights 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 Solar Lights Market Size Forecast by Applications
6.2.1 Roadway
6.2.2 Area Lighting
6.2.3 Home Lighting
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Lights 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 Lights 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 Solar Lights Analysis and Forecast
9.1 Introduction
9.2 North America Solar Lights 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 Solar Lights Market Size Forecast by Type
9.6.1 Home Lights
9.6.2 Signal Lights
9.6.3 Lawn Lights
9.6.4 Landscape Lights
9.6.5 Logo Lights
9.6.6 Street Lights
9.6.7 Insect Lights
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 Solar Lights Market Size Forecast by Applications
9.10.1 Roadway
9.10.2 Area Lighting
9.10.3 Home Lighting
9.10.4 Others
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 Solar Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Lights 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 Solar Lights Market Size Forecast by Type
10.6.1 Home Lights
10.6.2 Signal Lights
10.6.3 Lawn Lights
10.6.4 Landscape Lights
10.6.5 Logo Lights
10.6.6 Street Lights
10.6.7 Insect Lights
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 Solar Lights Market Size Forecast by Applications
10.10.1 Roadway
10.10.2 Area Lighting
10.10.3 Home Lighting
10.10.4 Others
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 Solar Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Lights 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 Solar Lights Market Size Forecast by Type
11.6.1 Home Lights
11.6.2 Signal Lights
11.6.3 Lawn Lights
11.6.4 Landscape Lights
11.6.5 Logo Lights
11.6.6 Street Lights
11.6.7 Insect Lights
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 Solar Lights Market Size Forecast by Applications
11.10.1 Roadway
11.10.2 Area Lighting
11.10.3 Home Lighting
11.10.4 Others
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 Solar Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Lights 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 Solar Lights Market Size Forecast by Type
12.6.1 Home Lights
12.6.2 Signal Lights
12.6.3 Lawn Lights
12.6.4 Landscape Lights
12.6.5 Logo Lights
12.6.6 Street Lights
12.6.7 Insect Lights
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 Solar Lights Market Size Forecast by Applications
12.10.1 Roadway
12.10.2 Area Lighting
12.10.3 Home Lighting
12.10.4 Others
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) Solar Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Lights 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) Solar Lights Market Size Forecast by Type
13.6.1 Home Lights
13.6.2 Signal Lights
13.6.3 Lawn Lights
13.6.4 Landscape Lights
13.6.5 Logo Lights
13.6.6 Street Lights
13.6.7 Insect Lights
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) Solar Lights Market Size Forecast by Applications
13.10.1 Roadway
13.10.2 Area Lighting
13.10.3 Home Lighting
13.10.4 Others
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 Lights Market: Competitive Dashboard
14.2 Global Solar Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lighting
14.3.2 Gama Sonic
14.3.3 Tesco
14.3.4 Brinkman
14.3.5 Westinghouse
14.3.6 Coleman Cable
14.3.7 XEPA
14.3.8 Nature Power
14.3.9 Eglo
14.3.10 D.light
14.3.11 Nokero
14.3.12 Risen
14.3.13 Himin Solar
14.3.14 Shenzhen Jiawei Solar Lighting
14.3.15 Sunny Solar Technology
14.3.16 Nbsolar
