Market Overview:
The global solar home lighting equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for promoting solar home lighting systems. Based on type, the global solar home lighting equipment market is segmented into off-grid solar and grid-tied solar. Off-grid solar systems are those that do not rely on any external electrical grid for their operation, while grid-tied systems are connected to an external electrical grid. Grid-tied systems are further subsegmented into rooftop and ground mount installations. Based on application, the global market is segmented into city and countryside applications. City applications include residential as well as commercial establishments, while countryside applications include standalone rural households without access to conventional electricity grids or with very limited access thereto.
Product Definition:
Solar home lighting equipment refers to a system that uses solar panels to convert sunlight into electrical energy, which is then used to power lights and other devices in a home. Solar home lighting equipment can provide an alternative to traditional grid-based electricity, and can be used in locations where grid power is not available or affordable. Solar home lighting systems are often installed in rural or remote areas, where the cost of extending traditional grid infrastructure is prohibitive.
Off-grid Solar:
Off-grid solar, also called off-grid electricity or off-the grid is a power generation system that uses renewable energy sources to provide electricity. It's an independent source of energy; it does not rely on the main electric grid for its supply. The most common form of this technology is photovoltaic (PV) systems, which use semiconductors and optical fibers to convert sunlight into electrical energy.
Grid-tied Solar:
Grid-tied solar is a type of off-grid solar PV system that uses photovoltaic modules mounted on the roof and connected to the utility grid. The electricity generated by these systems is fed into the local electric grid and credited towards the customer’s energy account.
Application Insights:
The city application segment accounted for the largest revenue share of over 50% in 2017. Countryside applications are expected to witness significant growth over the forecast period owing to rising awareness regarding energy security and sustainable development among consumers across various regions. The grid-tied solar home lighting equipment market is expected to grow at a CAGR of XX% from 2018 to 2030, in terms of revenue, while off-grid solar equipment is projected register a CAGR around 11%.
The grid-tied solar system requires an inverter that changes the DC power produced by the panels into usable AC power for use within homes or offices. Grid tied systems do not require batteries as they are able to draw power from regular utility sources such as electricity networks or public utilities through feeders that have high enough voltage levels for these systems.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The growth can be attributed to increasing disposable income, growing population, and rising awareness about energy conservation in countries such as China and India. In addition, favorable government policies regarding subsidies for solar home lighting equipment are projected to drive demand further. For instance, under the National Solar Mission of India (NSM), a national program was launched in 2010 with an aim to install 20 GW of solar power generation capacity by 2022 through various initiatives such as feed-in tariffs for solar PV systems and decentralized generation using small scale technologies like mini grids or village electrification schemes using off-grid renewable energy sources including biomass/solar lanterns/ candles etc.
North America accounted for more than 20% share of global revenue in 2017 owing to high adoption rates of grid tied systems coupled with higher per capita electricity usage in U.S.
Growth Factors:
- Increasing demand for solar energy owing to its environment-friendly nature.
- Government initiatives and subsidies for promoting solar energy uptake across residential and commercial sectors.
- Rising awareness about the benefits of using solar home lighting equipment among consumers, especially in developing countries.
- Technological advancements that have led to the development of more efficient and affordable solar home lighting equipment products in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Home Lighting Equipment Market Research Report
By Type
Off-grid Solar, Grid-tied Solar
By Application
City, Countryside
By Companies
Tata Power Solar Systems, GE Renewable Energy, Panasonic, Phillips, Sharp, Su-Kam, Solarcentury, Shenzhen Yingli New Energy Resources
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Solar Home Lighting Equipment Market Report Segments:
The global Solar Home Lighting Equipment market is segmented on the basis of:
Types
Off-grid Solar, Grid-tied Solar
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
City, Countryside
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:
- Tata Power Solar Systems
- GE Renewable Energy
- Panasonic
- Phillips
- Sharp
- Su-Kam
- Solarcentury
- Shenzhen Yingli New Energy Resources
Highlights of The Solar Home Lighting Equipment 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:
- Off-grid Solar
- Grid-tied Solar
- By Application:
- City
- Countryside
- 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 Home Lighting Equipment 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 home lighting equipment is a type of electrical equipment that uses solar energy to produce light. This includes both traditional light bulbs and more advanced systems, such as LED lights. Solar home lighting equipment can be used to provide general illumination, such as in a living room or kitchen, or it can be used specifically for tasks like reading in bed.
Some of the major players in the solar home lighting equipment market are Tata Power Solar Systems, GE Renewable Energy, Panasonic, Phillips, Sharp, Su-Kam, Solarcentury, Shenzhen Yingli New Energy Resources.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Home Lighting Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Home Lighting Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Home Lighting Equipment Market - Supply Chain
4.5. Global Solar Home Lighting Equipment Market Forecast
4.5.1. Solar Home Lighting Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Home Lighting Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Home Lighting Equipment Market Absolute $ Opportunity
5. Global Solar Home Lighting Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Home Lighting Equipment Market Size and Volume Forecast by Type
5.3.1. Off-grid Solar
5.3.2. Grid-tied Solar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Home Lighting Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Home Lighting Equipment Market Size and Volume Forecast by Application
6.3.1. City
6.3.2. Countryside
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Home Lighting Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Home Lighting Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Home Lighting Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Home Lighting Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Home Lighting Equipment Demand Share Forecast, 2019-2026
9. North America Solar Home Lighting Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Home Lighting Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Home Lighting Equipment Market Size and Volume Forecast by Application
9.4.1. City
9.4.2. Countryside
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Home Lighting Equipment Market Size and Volume Forecast by Type
9.7.1. Off-grid Solar
9.7.2. Grid-tied Solar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Home Lighting Equipment Demand Share Forecast, 2019-2026
10. Latin America Solar Home Lighting Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Home Lighting Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Home Lighting Equipment Market Size and Volume Forecast by Application
10.4.1. City
10.4.2. Countryside
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Home Lighting Equipment Market Size and Volume Forecast by Type
10.7.1. Off-grid Solar
10.7.2. Grid-tied Solar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Home Lighting Equipment Demand Share Forecast, 2019-2026
11. Europe Solar Home Lighting Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Home Lighting Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Home Lighting Equipment Market Size and Volume Forecast by Application
11.4.1. City
11.4.2. Countryside
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Home Lighting Equipment Market Size and Volume Forecast by Type
11.7.1. Off-grid Solar
11.7.2. Grid-tied Solar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Home Lighting Equipment Demand Share, 2019-2026
12. Asia Pacific Solar Home Lighting Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Home Lighting Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Home Lighting Equipment Market Size and Volume Forecast by Application
12.4.1. City
12.4.2. Countryside
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Home Lighting Equipment Market Size and Volume Forecast by Type
12.7.1. Off-grid Solar
12.7.2. Grid-tied Solar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Home Lighting Equipment Demand Share, 2019-2026
13. Middle East & Africa Solar Home Lighting Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Home Lighting Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Home Lighting Equipment Market Size and Volume Forecast by Application
13.4.1. City
13.4.2. Countryside
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Home Lighting Equipment Market Size and Volume Forecast by Type
13.7.1. Off-grid Solar
13.7.2. Grid-tied Solar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Home Lighting Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Home Lighting Equipment Market: Market Share Analysis
14.2. Solar Home Lighting Equipment Distributors and Customers
14.3. Solar Home Lighting Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tata Power Solar Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Renewable Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Phillips
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sharp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Su-Kam
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solarcentury
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shenzhen Yingli New Energy Resources
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook