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Solar Home Lighting Equipment-Global Market Insights and Sales Trends 2024
Synopsis
The global Solar Home Lighting Equipment market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Home Lighting Equipment in various end use industries. The expanding demands from the City and Countryside, are propelling Solar Home Lighting Equipment market. Off-grid Solar, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Grid-tied Solar segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.314 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Home Lighting Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Home Lighting Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Home Lighting Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Home Lighting Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Home Lighting Equipment covered in this report include Tata Power Solar Systems, GE Renewable Energy, Panasonic, Phillips, Sharp, Su-Kam, Solarcentury and Shenzhen Yingli New Energy Resources, etc.
The global Solar Home Lighting Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tata Power Solar Systems
GE Renewable Energy
Panasonic
Phillips
Sharp
Su-Kam
Solarcentury
Shenzhen Yingli New Energy Resources
Global Solar Home Lighting Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Home Lighting Equipment market, Segment by Type:
Off-grid Solar
Grid-tied Solar
Global Solar Home Lighting Equipment market, by Application
City
Countryside
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Home Lighting Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Home Lighting Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Solar Home Lighting Equipment market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Home Lighting Equipment in various end use industries. The expanding demands from the City and Countryside, are propelling Solar Home Lighting Equipment market. Off-grid Solar, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Grid-tied Solar segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.314 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Home Lighting Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Home Lighting Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Home Lighting Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Home Lighting Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Home Lighting Equipment covered in this report include Tata Power Solar Systems, GE Renewable Energy, Panasonic, Phillips, Sharp, Su-Kam, Solarcentury and Shenzhen Yingli New Energy Resources, etc.
The global Solar Home Lighting Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tata Power Solar Systems
GE Renewable Energy
Panasonic
Phillips
Sharp
Su-Kam
Solarcentury
Shenzhen Yingli New Energy Resources
Global Solar Home Lighting Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Home Lighting Equipment market, Segment by Type:
Off-grid Solar
Grid-tied Solar
Global Solar Home Lighting Equipment market, by Application
City
Countryside
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Home Lighting Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Home Lighting Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Solar Home Lighting Equipment Market Overview
1.1 Solar Home Lighting Equipment Product Overview
1.2 Solar Home Lighting Equipment Market Segment by Type
1.2.1 Off-grid Solar
1.2.2 Grid-tied Solar
1.3 Global Solar Home Lighting Equipment Market Size by Type
1.3.1 Global Solar Home Lighting Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Home Lighting Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Home Lighting Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Home Lighting Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Home Lighting Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Home Lighting Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Home Lighting Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Home Lighting Equipment Sales Breakdown by Type (2018-2023)
2 Global Solar Home Lighting Equipment Market Competition by Company
2.1 Global Top Players by Solar Home Lighting Equipment Sales (2018-2023)
2.2 Global Top Players by Solar Home Lighting Equipment Revenue (2018-2023)
2.3 Global Top Players by Solar Home Lighting Equipment Price (2018-2023)
2.4 Global Top Manufacturers Solar Home Lighting Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Home Lighting Equipment Market Competitive Situation and Trends
2.5.1 Solar Home Lighting Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Home Lighting Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Home Lighting Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Home Lighting Equipment Market
2.8 Key Manufacturers Solar Home Lighting Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Home Lighting Equipment Status and Outlook by Region
3.1 Global Solar Home Lighting Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Home Lighting Equipment Historic Market Size by Region
3.2.1 Global Solar Home Lighting Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Home Lighting Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Solar Home Lighting Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Home Lighting Equipment Forecasted Market Size by Region
3.3.1 Global Solar Home Lighting Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Home Lighting Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Solar Home Lighting Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Home Lighting Equipment by Application
4.1 Solar Home Lighting Equipment Market Segment by Application
4.1.1 City
4.1.2 Countryside
4.2 Global Solar Home Lighting Equipment Market Size by Application
4.2.1 Global Solar Home Lighting Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Home Lighting Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Home Lighting Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Home Lighting Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Home Lighting Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Home Lighting Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Home Lighting Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Home Lighting Equipment Sales Breakdown by Application (2018-2023)
5 North America Solar Home Lighting Equipment by Country
5.1 North America Solar Home Lighting Equipment Historic Market Size by Country
5.1.1 North America Solar Home Lighting Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Home Lighting Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Home Lighting Equipment Sales in Value by Country (2018-2023)
5.2 North America Solar Home Lighting Equipment Forecasted Market Size by Country
5.2.1 North America Solar Home Lighting Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Home Lighting Equipment Sales in Value by Country (2024-2029)
6 Europe Solar Home Lighting Equipment by Country
6.1 Europe Solar Home Lighting Equipment Historic Market Size by Country
6.1.1 Europe Solar Home Lighting Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Home Lighting Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Home Lighting Equipment Sales in Value by Country (2018-2023)
6.2 Europe Solar Home Lighting Equipment Forecasted Market Size by Country
6.2.1 Europe Solar Home Lighting Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Home Lighting Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Home Lighting Equipment by Region
7.1 Asia-Pacific Solar Home Lighting Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Solar Home Lighting Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Home Lighting Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Home Lighting Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Home Lighting Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Home Lighting Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Home Lighting Equipment Sales in Value by Region (2024-2029)
8 Latin America Solar Home Lighting Equipment by Country
8.1 Latin America Solar Home Lighting Equipment Historic Market Size by Country
8.1.1 Latin America Solar Home Lighting Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Home Lighting Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Home Lighting Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Solar Home Lighting Equipment Forecasted Market Size by Country
8.2.1 Latin America Solar Home Lighting Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Home Lighting Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Home Lighting Equipment by Country
9.1 Middle East and Africa Solar Home Lighting Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Solar Home Lighting Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Home Lighting Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Home Lighting Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Home Lighting Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Home Lighting Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Home Lighting Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tata Power Solar Systems
10.1.1 Tata Power Solar Systems Company Information
10.1.2 Tata Power Solar Systems Introduction and Business Overview
10.1.3 Tata Power Solar Systems Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tata Power Solar Systems Solar Home Lighting Equipment Products Offered
10.1.5 Tata Power Solar Systems Recent Development
10.2 GE Renewable Energy
10.2.1 GE Renewable Energy Company Information
10.2.2 GE Renewable Energy Introduction and Business Overview
10.2.3 GE Renewable Energy Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Renewable Energy Solar Home Lighting Equipment Products Offered
10.2.5 GE Renewable Energy Recent Development
10.3 Panasonic
10.3.1 Panasonic Company Information
10.3.2 Panasonic Introduction and Business Overview
10.3.3 Panasonic Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Panasonic Solar Home Lighting Equipment Products Offered
10.3.5 Panasonic Recent Development
10.4 Phillips
10.4.1 Phillips Company Information
10.4.2 Phillips Introduction and Business Overview
10.4.3 Phillips Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Phillips Solar Home Lighting Equipment Products Offered
10.4.5 Phillips Recent Development
10.5 Sharp
10.5.1 Sharp Company Information
10.5.2 Sharp Introduction and Business Overview
10.5.3 Sharp Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sharp Solar Home Lighting Equipment Products Offered
10.5.5 Sharp Recent Development
10.6 Su-Kam
10.6.1 Su-Kam Company Information
10.6.2 Su-Kam Introduction and Business Overview
10.6.3 Su-Kam Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Su-Kam Solar Home Lighting Equipment Products Offered
10.6.5 Su-Kam Recent Development
10.7 Solarcentury
10.7.1 Solarcentury Company Information
10.7.2 Solarcentury Introduction and Business Overview
10.7.3 Solarcentury Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Solarcentury Solar Home Lighting Equipment Products Offered
10.7.5 Solarcentury Recent Development
10.8 Shenzhen Yingli New Energy Resources
10.8.1 Shenzhen Yingli New Energy Resources Company Information
10.8.2 Shenzhen Yingli New Energy Resources Introduction and Business Overview
10.8.3 Shenzhen Yingli New Energy Resources Solar Home Lighting Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shenzhen Yingli New Energy Resources Solar Home Lighting Equipment Products Offered
10.8.5 Shenzhen Yingli New Energy Resources Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Home Lighting Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Home Lighting Equipment Industrial Chain Analysis
11.4 Solar Home Lighting Equipment Market Dynamics
11.4.1 Solar Home Lighting Equipment Industry Trends
11.4.2 Solar Home Lighting Equipment Market Drivers
11.4.3 Solar Home Lighting Equipment Market Challenges
11.4.4 Solar Home Lighting Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Home Lighting Equipment Distributors
12.3 Solar Home Lighting Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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