Industry Background:
Governments Are Offering Financial Support in the Form of Subsidies to Encourage the Use of Renewable Sources will help to boost global solar lights market in the forecasted period. There are various types of solar lights such as Home, Signal, Lawn, Landscape, Logo, Street and Insect Lights. Rising demand for energy efficient lighting systems and increasing implementation of the Internet of Things (IoT). These are key drivers of global solar light market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Philips Lighting (Netherlands), Gama Sonic (United States), Tesco (United Kingdom), Westinghouse (United States), Coleman Cable (United States), XEPA (Malesia), Eglo (Germany), D.light (United States), Nokero (United States) and Himin Solar (China) |
This growth is primarily driven by Rapid Urbanization and Improving Lifestyles of People across the World and Growing Demand for Cellular-Connected Lights.
Globally, a noticeable market trend is evident Strict Regulations Regarding Carbon Emissions and Favorable Government Support toward Adoption of Renewable Energy Sources
The Consumer Electronics sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Philips Lighting (Netherlands), Gama Sonic (United States), Tesco (United Kingdom), Westinghouse (United States), Coleman Cable (United States), XEPA (Malesia), Eglo (Germany), D.light (United States), Nokero (United States) and Himin Solar (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global solar light market is fragmented with several companies competing for a part market share by offering a product at a competitive price. The solar light market to remain highly fragmented throughout the next five years. This solar light market research report focuses on the competitive landscape and lists of different products offered by the leading companies. The global solar light market analysis report will also help clients in gauging market competition and identifying new growth opportunities.
Key Developments in the Market:
On 9th October 2018, Gama Sonic USA Inc, the leading manufacturer of outdoor solar-powered lighting solutions, released the next generation of their popular Light My Shed series, the Light My Shed IV. This cost-efficient and DIY-friendly outdoor solar light is the latest contribution to their utility product line which includes a variety of solar-powered security, barn, shed and flood lights with motion sensor activation.
On 6th September2018, Gama Sonic USA Inc., the leading manufacturer of upscale outdoor solar-powered lighting solutions, introduced the newest addition to their impressive product catalog, the Aspen Solar Post Light. This is the first item released within the Aspen family series and incorporates the ability to be attached on any existing 3-inch outside diameter pole.
Influencing Trend:
Strict Regulations Regarding Carbon Emissions and Favorable Government Support toward Adoption of Renewable Energy Sources and Increasing Infrastructural Investments
Market Growth Drivers:
Rapid Urbanization and Improving Lifestyles of People across the World and Growing Demand for Cellular-Connected Lights
Challenges:
Stiff Competition Owing To the Penetration of Counterfeit Product
Restraints:
High Maintenance Required For the Upkeep of the Solar Lighting Systems
Opportunities:
Development & Innovation in Product and Technology Such As LED Lights and Huge Demand in Developing Courtiers Due To Increase in Construction
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Solar Lights Market
- Analysis about New Entrants in Solar Lights Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Solar Lights Study Sheds Light on
The Solar Lights Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Solar Lights industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solar Lights industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.