Off-Grid Solar Lighting Market
Off-Grid Solar Lighting Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0793
Segments Covered
By
Product Solar Lantern System, Solar Home System, Large Solar Home System
-
By
Application Residential, Commercial, Industrial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
5.2 Billion |
 Revenue 2028:
|
16.58 Billion |
 Revenue CAGR
(2021 - 2028): |
15.60% |
Fastest Growing Region (2022 -
2028)
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Product, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Product, the market is divided into Solar Lantern System, Solar Home System, Large Solar Home System,. Solar Home System is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Residential, Commercial, Industrial, Other,. Industrial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Off-Grid Solar Lighting Market: Product Segment Analysis
-
- Solar Lantern System
- Solar Home System
- Large Solar Home System
Global Off-Grid Solar Lighting Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
- Other
FAQ
Frequently Asked Question
What is the global demand for Off-Grid Solar Lighting in terms of revenue?
-
The global Off-Grid Solar Lighting valued at 5.2 Billion in 2020 and is expected to reach 16.58 Billion in 2028 growing at a CAGR of 15.60%%.
Which are the prominent players in the market?
-
The prominent players in the market are BareFoot Power, Sun Tech, Niwa Solar, WakaWaka, Omnivoltaic Power Co. Ltd, D Light, Azuri Technologies Ltd, Tata Power Solar Systems Ltd, SunnyMoney, Sinoware Technology Co. Ltd, OSRAM GmbH, BBOXX Ltd, Nuru Light, Koninklijke Philips N.V..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 15.60%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Off-Grid Solar Lighting include
- The growing need for energy-efficient solar Lighting systems for highways, with rising investment, is mainly driving the market growth during the forecast period.
- Rising demand from developing and emerging countries, owing to growing power consumption thereby elevating the market growth.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Off-Grid Solar Lighting in 2020.
