Solar Lighting Systems Market
Solar Lighting Systems Market Analysis by LED and Others for Commercial, Highway & Roadway, Industrial, and Residential Use from 2023 to 2033
Analysis of Solar Lighting Systems Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Solar Lighting Systems Market Outlook (2023 to 2033)
A newly-released industry analysis by Fact.MR reveals that worldwide sales of solar lighting systems have reached US$ 7 billion in 2023 and are projected to climb to US$ 26 billion by the end of 2033. The global solar lighting systems market is predicted to surge ahead at a prolific CAGR of 14% from 2023 to 2033.
In a solar lighting system, solar panels are used to capture and store solar energy during the day, which is then used to power lighting fixtures at night. The system is made up of several parts, such as solar panels, batteries, charge controllers, and lighting fixtures. The system's primary element, the solar panel, is in charge of gathering solar energy and transforming it into electrical energy.
- Demand for off-grid solar lighting systems is gaining traction because they can produce electricity in remote regions and store it for later use. They are powered effectively by batteries that are built into them.
Growing usage of energy-efficient solar lighting systems for roads, rising adoption and falling prices of LEDs, and expanding demand from emerging and developing markets are the main factors driving market growth. Due to growing government initiatives promoting the use of renewable energy sources, demand for solar lighting systems is on the rise. Solar-powered lighting systems are employed in remote and outdoor locations where grid-based electricity is unreliable or unpredictable.
Increasing need for smart and environmentally friendly home systems that use AI assistants to control the lighting system is driving the demand for solar lighting systems in the residential sector. As they offer strong luminous power with minimal energy consumption, they are increasingly employed for decoration purposes during house parties and celebrations, helping to reduce electricity costs. They are widely used in the entertainment sector for both indoor and outdoor shooting because of their affordability.
New market opportunities are anticipated to arise from the advent of cutting-edge technology such as IOT-enabled lighting systems and increased funding for smart city programs. Additionally, increased consumer awareness and the requirement to reduce carbon emissions are driving market demand.
| Report Attributes | Details |
|---|---|
| Solar Lighting Systems Market Size (2023) | US$ 7 Billion |
| Projected Market Value (2033) | US$ 26 Billion |
| Global Market Growth Rate (2023 to 2033) | 14% CAGR |
| Market Share of LEDs (2023) | 75% |
| China Market Growth Rate (2023 to 2033) | 16% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 13% CAGR |
| United States Market Value (2023) | US$ 2 Billion |
| Canada Market Growth Rate (2023 to 2033) | 12% CAGR |
| Key Companies Profiled | Solar Electric Power Company; Clear Blue Technologies Inc.; SunMaster; Sunna Design; SolarOne Solutions, Inc.; Sol Inc.; Jain Irrigation Systems Ltd.; Halonix Technologies Ltd.; Exide Industries Ltd.; Azuri Technologies Ltd.; Deepa Solar Systems Pvt. Ltd.; Dragons Breath Solar; COVIMED Group; FlexSol Solutions B.V.; Cooper Lighting, LLC; Kamworks; Microenergy Credits |
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Which are the Prominent Factors Spearheading Solar Lighting Systems Market Growth?
“Surging Demand for Energy-efficient Solar Lighting Products”
One of the most efficient kinds of clean energy is solar energy, and many countries are doing a wonderful job of encouraging individuals and businesses to invest in solar panels. Solar lights are affordable, have less maintenance, and are ecologically beneficial.
Primary factors driving the growth of the solar road lighting industry around the world are precise carbon emission regulations and supportive government policies for the adoption of sustainable power sources. Some countries are also making efforts to increase the use of renewable energy sources such as wind and sunlight. The use of non-sustainable energy sources has led to an increase in carbon footprint, which has been targeted for reduction. As a result, the rules must be followed with greater strictness.
The market is expanding rapidly as a result of the growing demand for energy-efficient solar lighting systems caused by pollution and environmental concerns. Other factors influencing the expansion include an increase in the usage of renewable energy for lighting and increased demand from emerging and developing countries.
“Favorable Government Support for Encouraging and Incentivizing Solar Energy”
Government assistance is essential for promoting and rewarding solar energy. Subsidies, tax credits, grants, and other forms of assistance are available to manufacturers to lower costs and increase output. Launching novel initiatives, and a rise in spending on green technology R&D have all helped the market expand.
- In 2022, the Department of Energy and the United States government worked together to develop the Community Solar Subscription Platform. Through the low-income home energy aid program, it planned to link households and offer them solar energy, which will enable them to cut their electricity costs by 20%. The partnership sought to assist families in the five states around Washington, D.C.
- The Indian government supported solar lighting through various programs and plans and assisted in growing the solar energy sector. These include decentralized and off-grid solar PV applications programs that support LED lighting, lithium-ion batteries, PV cells, and other sustainable and renewable technologies. This plan aims to make solar power accessible to everyone in the area, even in minuscule and outlying areas.
“Rapid Integration of Smart Solar Lighting Solutions”
Smart solar lighting represents a revolutionary advancement in the field of outdoor lighting, combining the power of solar energy with intelligent control systems. These systems are equipped with cutting-edge technology, such as Internet of Things (IoT) devices and sensors, enabling remote monitoring, automated operation, and energy optimization.
By intelligently adjusting brightness levels, scheduling lighting cycles, and detecting motion, smart solar lighting solutions offer significant benefits in terms of energy efficiency, cost savings, and environmental impact. Through cloud-based platforms and mobile applications, users can remotely monitor the status of each lighting unit, detect faults, and make adjustments, thereby streamlining maintenance and enhancing operational efficiency.
What Could Possibly Hinder the Sales Growth of Solar Lighting Systems?
“High Initial Cost of Solar Lighting Systems and Weather Dependency”
- High Initial Costs: The initial investment required for setting up solar lighting systems can be a deterrent for some potential customers. However, the long-term cost savings and environmental benefits often outweigh the initial costs.
- Weather Dependence: Solar lighting systems rely on sunlight to generate electricity. Hence, their efficiency can be affected during cloudy or rainy weather conditions, impacting consistent performance.
- Competition from Traditional Lighting Solutions: Traditional lighting solutions powered by grid electricity or conventional fuels still dominate certain markets. Convincing customers to switch to solar lighting can be challenging in such regions.
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What is Helping Start-ups Gain a Prominent Place in This Industry?
“New Companies Offering Affordable & Sustainable Solar Solutions for Homes & Businesses”
Growing global emphasis on sustainability and environmental consciousness has provided a significant boost to start-ups in the solar lighting industry. Customers increasingly seek eco-friendly and energy-efficient lighting solutions, and start-ups, often founded with a green vision, can cater to this demand effectively.
New companies are working closely with local communities to ensure that their installations have a minimal impact on the local ecosystem and employ only top-quality, ecologically friendly materials in their solar panels.
- One of the most promising renewable energy start-ups in Chile is called CleanLight. The modular nature of CleanLight's technology is one of its main advantages. Solar panels produced by the firm are made to be quickly built and disassembled, which makes them perfect for usage in remote locations without access to traditional infrastructure. Because of its modular design, CleanLight can also tailor their solar products to each community they work with.
Country-wise Insights
Why is Demand for Solar Lighting Systems Increasing Rapidly in the United States?
“Rapid Rise in Solar Projects across the Country”
- The market in the United States is valued at US$ 2 billion in 2023.
The United States has been at the forefront of adopting solar lighting systems. Remote and rural areas in the United States also benefit from solar lighting solutions where extending the power grid is not cost-effective.
Market expansion is fueled by the rise in solar projects and the huge demand for portable solar chargers. Due to growing environmental awareness that strives to reduce carbon footprint and promote clean and green technology systems, the United States is projected to have considerable market growth.
How is the Solar Lighting Systems Industry Faring in Germany?
“Market Benefiting from Ongoing Road & Highway Infrastructure Development Plans”
- Sales of solar lighting systems in Germany are set to rise at a CAGR of 13% from 2023 to 2033.
Germany is a global leader in renewable energy adoption, including solar technology. Solar street lights and outdoor solar-powered installations are common in German cities, providing efficient and environmentally friendly illumination.
Over the projection period, it is anticipated that ongoing road and highway infrastructure development plans in Germany would fuel demand for solar lighting systems. The market is driven by the rising demand for decorative and outdoor architectural lighting and surging sales of nanocomposite solar cells.
Why is China a Key Market for Solar Lighting System Manufacturers?
“Favorable Government Schemes for Sustainable Energy Development”
- The market in China is predicted to soar at a CAGR of 16% through 2033.
China manufactures and exports a substantial portion of solar lighting products, including solar panels, batteries, and LED lights. China has seen a rise in government programs focused on deploying street lighting solutions, which is anticipated to support market expansion.
Due to growing support from the government and expanding consumer awareness of adopting sustainable lighting solutions, China holds a prominent share of the market.
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Category-wise Insights
Which Light Source Holds a Dominant Stance in the Market?
“LED Solar Lighting Systems Gaining Popularity Due to Their Higher Energy Efficiency”
Based on light source, the market is divided into LED and Others.
- In 2023, LED solar lighting systems account for 75% share of global revenue due to their higher energy efficiency, eco-friendly nature, durability & long lifespan, and affordability.
LED technology is well-liked by consumers due to its high energy and cost-effectiveness. In addition, they are employed extensively for developed infrastructure needs in residential, commercial, industrial, and public areas. These lights also use less energy, which decreases the need for electricity from the grid.
Demand for colored solar lights has increased due to rising technological advancements, including the insertion of LED chips for improved brightness and enhanced color. Additionally, smart lighting controls have made it possible for users to control the lighting system using voice assistants or mobile applications. Examples of these controls include the installation of motion sensors, daylight sensors, and intelligent dimming controls in LED solar lights.
Competitive Landscape
As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, top producers of solar lighting systems are continually concentrating on the development of new products, product standards, quality control, and supply chain management to preserve their market position. To secure long-term contracts, other significant market participants and local companies take part in auctions of various renewable energy development projects.
For instance,
- In 2020, the French business Sunna Design SA bought the North American company SOL Inc. to commercialize solar LED lighting solutions throughout developing countries.
Key Segments of Solar Lighting Systems Industry Research
-
By Light Source :
- LED
- Others
-
By Grid Type :
- Off-Grid
- Hybrid
-
By Application :
- Commercial
- Highways & Roadways
- Industrial
- Residential
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Light Source
- 6.1. LED
- 6.2. Others
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Grid Type
- 7.1. Off-Grid
- 7.2. Hybrid
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.1. Commercial
- 8.2. Highways & Roadways
- 8.3. Industrial
- 8.4. Residential
- 8.5. Others
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Solar Electric Power Company
- 17.2. Clear Blue Technologies Inc.
- 17.3. SunMaster
- 17.4. Sunna Design
- 17.5. SolarOne Solutions, Inc.
- 17.6. Sol Inc.
- 17.7. Jain Irrigation Systems Ltd.
- 17.8. Halonix Technologies Ltd.
- 17.9. Exide Industries Ltd.
- 17.10. Azuri Technologies Ltd.
- 17.11. Deepa Solar Systems Pvt. Ltd.
- 17.12. Dragons Breath Solar
- 17.13. COVIMED Group
- 17.14. FlexSol Solutions B.V.
- 17.15. Cooper Lighting, LLC
- 17.16. Kamworks
- 17.17. Microenergy Credits
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 2: Global Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 4: Global Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 5: Global Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 7: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 8: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Light Source, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Light Source, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Light Source, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Grid Type, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Grid Type, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Grid Type, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 4: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 5: Global Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 7: Global Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 8: Global Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 9: Global Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Light Source, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Light Source, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Light Source, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Grid Type, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Grid Type, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Grid Type, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the value of the solar lighting systems market at present?
The global solar lighting systems market is valued at US$ 7 billion in 2023.
What is the estimated size of the market for solar lighting systems by 2033?
Demand for solar lighting systems is set to reach a market value of US$ 26 billion by 2033.
What will the growth rate of the global market be from 2023 to 2033?
The global market is forecasted to surge ahead at a CAGR of 14% through 2033.
What is the estimated CAGR for the market in Japan?
The market in Japan is set to increase at a CAGR of 11% from 2023 to 2033.
Who are the key suppliers of solar lighting systems?
Solar Electric Power Company, Clear Blue Technologies Inc., and SunMaster are prominent manufacturers of solar lighting systems.
Solar Lighting Systems Market