Solar Lighting System Market Value Projected to Expand by 2028

The solar lighting system market is expected to reach USD 13.38 billion by 2028, with a CAGR of 15% from 2022 to 2028. The market is growing as the demand for energy efficient solar lighting systems increases due to the increasing environmental crisis and pollution. Increasing use of renewable energy for lighting and growing demand in developing and emerging countries are other factors contributing to growth.

Company Profile

• VerySol Inc. (U.S.)
• Solar Street Lights USA (U.S.)
• Dragons Breath Solar (U.K.)
• Urja Global Ltd. (India)
• Solektra International LLC (U.S.)
• Bridgelux Inc. (U.S.)

Market Segmentation

By Light Source:

• LED
• Others (CFL And Induction)

By Offering:

• Hardware
• Software & Services

By Grid Type:

• Off-Grid
• Hybrid

By Application:

• Industrial
• Highways and Roadways
• Commercial
• Residential

Scope of the Report

The research study analyzes the Solar Lighting System 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
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Solar Lighting System Market Report

1. What was the Solar Lighting System Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Solar Lighting System Market during the forecast period (2022-2028)?
3. 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).
4. Which manufacturer/vendor/players in the Solar Lighting System Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Solar Lighting System Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Solar Lighting System
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Solar Lighting System
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Solar Lighting System Market.