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Off-Grid Solar Lighting Market

Off-Grid Solar Lighting Market

Off-Grid Solar Lighting Market Global Industry Assessment & Forecast

# Pages:

175

Base Year:

2021

Nov - 2021

Format:

Report Code:

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 YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 5.2 Billion
Revenue 2028Revenue 2028: 16.58 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 15.60%
Fastest Growing Region 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

Research Methodology: Off-Grid Solar Lighting Market - Global Market Assessment, 2021 - 2028

We at Vantage Market Research, employ comprehensive methodology for each market study, and Off-Grid Solar Lighting Market is not an exception. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We were connected with more than 145 primary respondents adequately distributed across the five regions to procure required Off-Grid Solar Lighting market-related information.   

Secondary Research

Primary Research:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements

Data Triangulation and Market Size Estimations

At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Off-Grid Solar Lighting market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.  

FAQ
Frequently Asked Question
  • 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%%.

  • 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..

  • The market is project to grow at a CAGR of 15.60%% between 2021 and 2028.

  • 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.

  • Europe was the leading regional segment of the Off-Grid Solar Lighting in 2020.