November 2, 2020

Solar Lighting System Market Forecast Highlights Revenue Share Analysis Across Prime Geographies During the Forecast Period 2020 to 2027

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Solar Lighting System Market:

The solar lighting system demand at a global level is surging at a significant rate. Numerous key drivers that are responsible for the growth of the solar lighting system include a rise in demand for renewable and clean energy, easy installation, low maintenance, and utility cost. The solar lighting system has raised efficiency, reduced cost of LEDs, and improvement in technology implemented, along with rigorous government regulations, are some of the factors fuelling the demand for solar lighting systems. These systems are economically competitive, where the grid connection is difficult, like hill stations, rural areas, and other regions. The on-grid and hybrid type of solar systems are responsible for upsurging the growth of the solar lighting system in the upcoming years as it provides the users the ability to save money through enhanced efficiency rates, net metering, also less expensive than off-grid systems, along with technological innovations as compared to the off-grid solar lighting systems. The drivers restraining the growth of the solar lighting system market include the high cost of material and installation, along with low availability. The shift in weather conditions and specific geographical locations will hamper the growth of the solar lighting system market.

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This report splits the Solar Lighting System Market as follows:

By Component:

  • Hardware& Software
  • Services

By Light Source:

  • CFL
  • LED

By Grid Type:

  • On-Grid
  • Off-Grid
  • Hybrid

By Application:

  • Commercial
  • Residential
  • Industrial
  • Others

By Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The solar lighting system market report also scans the competitive landscape and profiles the major players operating in the market including Eaton Corporation Inc, Solar Electric Power Company, Signify Holding, Su-Kam Power Systems Ltd, Clear Blue Technologies Inc, SunMaster Solar Lighting Co. Ltd., Sol Inc., SolarOne Solutions Inc., Solar Lighting International, and Solar Street Lights USA, among others.

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