Solar Home Lighting Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Solar Home Lighting Market size is expected to grow at an annual average of CAGR 19% during the forecast period (2022-2028). Solar home lighting is powered by solar power using solar energy, i.e. solar cells that convert sunlight directly into electrical power. Power is stored in batteries and used for lighting purposes whenever needed. Solar lighting technology is cost-effective. There are no ongoing costs. It provides a cleaner and brighter alternative to kerosene. The demand for fossil fuels is expected to increase in the next few years, especially due to the growing demand for electricity worldwide. The impact of rapid industrialization on the environment has been significant, causing global temperatures to rise both on the surface and in water bodies. Growing demand for electricity by residential and industrial consumers is very imminent, with the significant use of fossil fuels costing the environment enormously in the form of greenhouse gas emissions.

The following segmentation are covered in this report:

By Application

• Industrial
• Highways and roadways
• Commercial
• Residential
• Others(Amusement Parks, Playgrounds, and Emergency Lights)

By Offering

• Hardware
• Software & Services

By Product

• Grid-Tied Solar Home Lighting
• Off-Grid Solar Home Lighting

Company Profile

• Tata Power Solar Systems
• GE Renewable Energy
• Sanyo Solar
• Ascent Solar
• Phillips
• Sharp
• Su-Kam
• AUO
• Solar Century
• Shenzhen Yingli New Energy Resources

Scope of the report

The research study analyses the Solar Home Lighting Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Solar Home Lighting Market Report

• What was the Solar Home Lighting Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Solar Home Lighting Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Solar Home Lighting Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.