- Global competitiveness and key competitor percentage market shares
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Edition: 9; Released: January 2022
Executive Pool: 707
Companies: 38 – Players covered include Azuri Technologies Ltd.; BBOXX Ltd.; Koninklijke Philips NV; Niwasolar; OSRAM GmbH; Sinoware Technology Co. Ltd.; SolarAid – SunnyMoney (Malawi); Tata Power Solar Systems Limited; WakaWaka Europe B.V. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Solar Lantern System (SLS), Solar Home Systems (SHS), Large Solar Home Systems (LSHS))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Off-Grid Solar Lighting Market to Reach $4.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Off-Grid Solar Lighting estimated at US$1.6 Billion, is projected to reach a revised size of US$4.2 Billion by 2026, growing at a CAGR of 17.3% over the analysis period. Solar Lantern System (SLS), one of the segments analyzed in the report, is projected to record a 18.3% CAGR and reach US$3.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solar Home Systems (SHS) segment is readjusted to a revised 15.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $567.4 Million in 2021, While China is Forecast to Reach $728.1 Million by 2026
The Off-Grid Solar Lighting market in the U.S. is estimated at US$567.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$728.1 Million by the year 2026 trailing a CAGR of 16.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.6% and 14.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.
Large Solar Home Systems (LSHS) Segment to Reach US$428.5 Million by the year 2026
In the global Large Solar Home Systems (LSHS) segment, USA, Canada, Japan, China and Europe will drive the 13.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$154.4 Million will reach a projected size of US$383.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.