What is Solar Home Lighting Market?
Solar home lighting is powered by solar energy using solar cells that convert solar energy i.e. sunlight directly to electricity. The electricity is stored in batteries and used for the purpose of lighting whenever required. Solar lighting technologies are designed to be used in challenging contexts. They are increasingly cost-effective; have virtually no ongoing cost; and provide a cleaner, brighter alternative to kerosene.
The market study is being classified by Type (Grid-Tied Solar Home Lighting and Off-Grid Solar Home Lighting), by Application (Urban and Rural) and major geographies with country level break-up. According to AMA, the Global Solar Home Lighting market is expected to see growth rate of 20.1%
Panasonic (Japan), Tata Power Solar Systems (India), GE Renewable Energy (France), Sanyo Solar (Japan), Ascent Solar (United States), Phillips (Netherlands), Sharp Corporation (Japan), Su-Kam (India), AUO Corp (Taiwan), Solarcentury (United Kingdom) and Shenzhen Yingli New Energy Resources (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Japanese Manufacturers will contribute to the maximum growth of Global Solar Home Lighting market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Solar Home Lighting market by Type, Application and Region.
On the basis of geography, the market of Solar Home Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Irregular Electricity Power Supply in Rural Areas
- Subsidies Offered by the Governments
Market Trend
- Use Of Electric Power in Decreasing and People Are Shifting Towards Use of Solar Power
Opportunities
- The Growth Opportunities from Developing & Underdeveloped Countries
Market Leaders and some development strategies
On 11 June 2019, Tata Power Solar, India's largest solar energy company, and Tata Power's wholly-owned subsidiary launched its pan India residential solar rooftop campaign. The campaign has been flagged-off from the holy-city Tirupati to inspire the residents across the country to implement residential solar rooftop solution. This campaign intends to cover 100 cities across India and expected to save up to Rs. 50,000 per 5kW per year.
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.
Key Target Audience
Solar Home Lighting Manufacturers, Solar Home Lighting Sub Component Manufacturers, Solar Home Lighting Traders/Distributors, Solar Home Lighting Importers/Exporters, Regulatory & Government Bodies, Industry Associations and Others