Solar Home Lighting Market: 3-Key Growth Scenarios

Solar Home Lighting Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Solar Home Lighting Market Study" explored CAGR of 20.1%. According to the report, Use Of Electric Power in Decreasing and People Are Shifting Towards Use of Solar Power is one of the primary growth factors for the market. Irregular Electricity Power Supply in Rural Areas is also expected to contribute significantly to the Solar Home Lighting market. Overall, Urban applications of Solar Home Lighting, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Solar Panels, is boosting the Solar Home Lighting market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Solar Home Lighting market identified that the demand is rising in many different parts of the world as "The Growth Opportunities from Developing & Underdeveloped Countries". Furthermore, some recent industry insights like "On 14 March 2018, Philips Lighting, the world leader in lighting, is accelerating its strategic push into solar-powered lighting as it launched a new generation of solar-powered products and systems. These include an innovative all-in-one solar street light, Philips Sunday, which combines solar panel, battery, and light in one housing, and Philips LifeLight, a solar lantern which comes with a replaceable battery. Testimony to the company’s commitment to solar lighting and the vast potential that this market has to offer are two recent large-scale solar-powered street lighting installations in India and the completion of 700 sets of connected solar street lights with remote monitoring and data capabilities in Thailand." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Solar Home Lighting market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solar Home Lighting market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Check more with in-depth analysis and forecast of Solar Home Lighting market study, Click here

Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales