Solar Home Lighting Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Solar home lights are powered by solar cells, which convert solar energy, or sunlight, directly to electricity. The energy is stored in batteries and used for lighting whenever it is needed. Solar lighting is cost-effective, requires no maintenance, and is a safer, brighter alternative to kerosene. The need for fossil fuels is expected to rise in the coming years, owing to an increase in global power consumption. Rapid industrialization has had a significant impact on the environment, resulting in a rise in global temperatures on both the land surface and in water bodies.
MARKET DYNAMICS
The rise in power demand from residential and industrial customers is on the horizon, as is the extensive use of fossil fuels, which comes at a high cost to the environment in the form of greenhouse gas emissions. The utilisation of renewable energy sources such as solar, wind, and hydro power is predicted to significantly reduce greenhouse gas emissions while also assisting in the achievement of the objective of creating a sustainable environment.
MARKET SCOPE
The "Global Solar Home Lighting Equipment Market Analysis to 2031" is a specialized and in-depth study of the solar home lighting equipment market with a special focus on the global market trend analysis. The report aims to provide an overview of the solar home lighting equipment market with detailed market segmentation by type application, and geography. The global solar home lighting equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar home lighting equipment market players and offers key trends and opportunities in the solar home lighting equipment market.
MARKET SEGMENTATION
The global solar home lighting equipment market is segmented based on type and application. Based on type, solar home lighting equipment market is segmented into off-grid solar and grid-tied solar. Based on application, solar home lighting equipment market is segmented into city and countryside.
IMPACT OF COVID-19 ON SOLAR HOME LIGHTING EQUIPMENT MARKET
The COVID-19 outbreak has put numerous sectors in a difficult position. The coronavirus outbreak has had a severe influence on the global solar home lighting sector. Many countries rely on China for the import of materials needed for renewable energy equipment. The supply chain has been impacted by prohibited transportation due to the cancellation of transportation infrastructure. The United States and Europe, for instance, rely heavily on China for low-cost solar photovoltaic (PV) modules. Manufacturing plants are closing all around the world, which has had a detrimental impact on market growth. However, after the pandemic is over, the market is expected to reclaim its prominence.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar Home Lighting Equipment Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar Home Lighting Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar Home Lighting Equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar home lighting equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar Home Lighting Equipment Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar Home Lighting Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar Home Lighting Equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar home lighting equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the solar home lighting equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from solar home lighting equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for solar home lighting equipment market. Below mentioned is the list of few companies engaged in the solar home lighting equipment market.
The report also includes the profiles of key solar home lighting equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Oxbow Corporation
- Suncor Energy Inc.
- Phillips 66 Company
- Aminco Resources LLC
- Nippon Coke & Engineering. Co., Ltd.
- Petroleum Coke Industries Company
- Renelux Cyprus Ltd.
- Graphite India Limited
- British Petroleum
- Marathon Petroleum Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Home Lighting Equipment Market - By Type
1.3.2 Solar Home Lighting Equipment Market - By Application
1.3.3 Solar Home Lighting Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR HOME LIGHTING EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR HOME LIGHTING EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR HOME LIGHTING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR HOME LIGHTING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. SOLAR HOME LIGHTING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLAR HOME LIGHTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. OFF-GRID SOLAR
7.3.1. Overview
7.3.2. Off-grid Solar Market Forecast and Analysis
7.4. GRID-TIED SOLAR
7.4.1. Overview
7.4.2. Grid-tied Solar Market Forecast and Analysis
8. SOLAR HOME LIGHTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CITY
8.3.1. Overview
8.3.2. City Market Forecast and Analysis
8.4. COUNTRYSIDE
8.4.1. Overview
8.4.2. Countryside Market Forecast and Analysis
9. SOLAR HOME LIGHTING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Home Lighting Equipment Market Overview
9.1.2 North America Solar Home Lighting Equipment Market Forecasts and Analysis
9.1.3 North America Solar Home Lighting Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Solar Home Lighting Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Solar Home Lighting Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Home Lighting Equipment Market
9.1.5.1.1 United States Solar Home Lighting Equipment Market by Type
9.1.5.1.2 United States Solar Home Lighting Equipment Market by Application
9.1.5.2 Canada Solar Home Lighting Equipment Market
9.1.5.2.1 Canada Solar Home Lighting Equipment Market by Type
9.1.5.2.2 Canada Solar Home Lighting Equipment Market by Application
9.1.5.3 Mexico Solar Home Lighting Equipment Market
9.1.5.3.1 Mexico Solar Home Lighting Equipment Market by Type
9.1.5.3.2 Mexico Solar Home Lighting Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Solar Home Lighting Equipment Market Overview
9.2.2 Europe Solar Home Lighting Equipment Market Forecasts and Analysis
9.2.3 Europe Solar Home Lighting Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Solar Home Lighting Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Solar Home Lighting Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Home Lighting Equipment Market
9.2.5.1.1 Germany Solar Home Lighting Equipment Market by Type
9.2.5.1.2 Germany Solar Home Lighting Equipment Market by Application
9.2.5.2 France Solar Home Lighting Equipment Market
9.2.5.2.1 France Solar Home Lighting Equipment Market by Type
9.2.5.2.2 France Solar Home Lighting Equipment Market by Application
9.2.5.3 Italy Solar Home Lighting Equipment Market
9.2.5.3.1 Italy Solar Home Lighting Equipment Market by Type
9.2.5.3.2 Italy Solar Home Lighting Equipment Market by Application
9.2.5.4 United Kingdom Solar Home Lighting Equipment Market
9.2.5.4.1 United Kingdom Solar Home Lighting Equipment Market by Type
9.2.5.4.2 United Kingdom Solar Home Lighting Equipment Market by Application
9.2.5.5 Russia Solar Home Lighting Equipment Market
9.2.5.5.1 Russia Solar Home Lighting Equipment Market by Type
9.2.5.5.2 Russia Solar Home Lighting Equipment Market by Application
9.2.5.6 Rest of Europe Solar Home Lighting Equipment Market
9.2.5.6.1 Rest of Europe Solar Home Lighting Equipment Market by Type
9.2.5.6.2 Rest of Europe Solar Home Lighting Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Home Lighting Equipment Market Overview
9.3.2 Asia-Pacific Solar Home Lighting Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Home Lighting Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Solar Home Lighting Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar Home Lighting Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Home Lighting Equipment Market
9.3.5.1.1 Australia Solar Home Lighting Equipment Market by Type
9.3.5.1.2 Australia Solar Home Lighting Equipment Market by Application
9.3.5.2 China Solar Home Lighting Equipment Market
9.3.5.2.1 China Solar Home Lighting Equipment Market by Type
9.3.5.2.2 China Solar Home Lighting Equipment Market by Application
9.3.5.3 India Solar Home Lighting Equipment Market
9.3.5.3.1 India Solar Home Lighting Equipment Market by Type
9.3.5.3.2 India Solar Home Lighting Equipment Market by Application
9.3.5.4 Japan Solar Home Lighting Equipment Market
9.3.5.4.1 Japan Solar Home Lighting Equipment Market by Type
9.3.5.4.2 Japan Solar Home Lighting Equipment Market by Application
9.3.5.5 South Korea Solar Home Lighting Equipment Market
9.3.5.5.1 South Korea Solar Home Lighting Equipment Market by Type
9.3.5.5.2 South Korea Solar Home Lighting Equipment Market by Application
9.3.5.6 Rest of Asia-Pacific Solar Home Lighting Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Solar Home Lighting Equipment Market by Type
9.3.5.6.2 Rest of Asia-Pacific Solar Home Lighting Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Home Lighting Equipment Market Overview
9.4.2 Middle East and Africa Solar Home Lighting Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Home Lighting Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Solar Home Lighting Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar Home Lighting Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Home Lighting Equipment Market
9.4.5.1.1 South Africa Solar Home Lighting Equipment Market by Type
9.4.5.1.2 South Africa Solar Home Lighting Equipment Market by Application
9.4.5.2 Saudi Arabia Solar Home Lighting Equipment Market
9.4.5.2.1 Saudi Arabia Solar Home Lighting Equipment Market by Type
9.4.5.2.2 Saudi Arabia Solar Home Lighting Equipment Market by Application
9.4.5.3 U.A.E Solar Home Lighting Equipment Market
9.4.5.3.1 U.A.E Solar Home Lighting Equipment Market by Type
9.4.5.3.2 U.A.E Solar Home Lighting Equipment Market by Application
9.4.5.4 Rest of Middle East and Africa Solar Home Lighting Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Solar Home Lighting Equipment Market by Type
9.4.5.4.2 Rest of Middle East and Africa Solar Home Lighting Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Home Lighting Equipment Market Overview
9.5.2 South and Central America Solar Home Lighting Equipment Market Forecasts and Analysis
9.5.3 South and Central America Solar Home Lighting Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Solar Home Lighting Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar Home Lighting Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Home Lighting Equipment Market
9.5.5.1.1 Brazil Solar Home Lighting Equipment Market by Type
9.5.5.1.2 Brazil Solar Home Lighting Equipment Market by Application
9.5.5.2 Argentina Solar Home Lighting Equipment Market
9.5.5.2.1 Argentina Solar Home Lighting Equipment Market by Type
9.5.5.2.2 Argentina Solar Home Lighting Equipment Market by Application
9.5.5.3 Rest of South and Central America Solar Home Lighting Equipment Market
9.5.5.3.1 Rest of South and Central America Solar Home Lighting Equipment Market by Type
9.5.5.3.2 Rest of South and Central America Solar Home Lighting Equipment Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR HOME LIGHTING EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. TATA POWER SOLAR SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GE RENEWABLE ENERGY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PANASONIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PHILLIPS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SHARP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SU-KAM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CLEAR BLUE TECHNOLOGIES INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUNMASTER SOLAR LIGHTING CO.,LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLARONE SOLUTIONS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SOLAR STREET LIGHTS USA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Tata Power Solar Systems
- GE Renewable Energy
- Panasonic
- Phillips
- Sharp
- Su-Kam
- Clear Blue Technologies Inc
- SunMaster Solar Lighting Co.,Ltd.
- SolarOne Solutions, Inc.
- Solar Street Lights USA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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