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Solar Home Systems Market by Type and Geography - Global Forecast an Analysis 2019-2023 - Product Image

Solar Home Systems Market by Type and Geography - Global Forecast an Analysis 2019-2023

  • ID: 4833922
  • Report
  • September 2019
  • Region: Global
  • 113 pages
  • TechNavio
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FEATURED COMPANIES

  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • NIWA Solar
  • Renewit Solar Ltd.
  • Schneider Electric SE.
  • MORE
Global Solar Home Systems Market: About this market

The solar home systems market analysis considers sales from both PAYG products and cash products. Our analysis also considers the sales of solar home systems in MEA and ROW. In 2018, the PAYG products segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing financial support from governments and NGOs will play a significant role in the PAYG products segment to maintain its market position. Also, our global solar home systems market report looks at factors such as availability of favorable financing options, rising demand for energy, and favorable government support. However, competition from alternative sources of energy, intermittency in solar power generation, and low awareness about alternative sustainable technologies may hamper the growth of the solar home systems industry over the forecast period.

Global Solar Home Systems Market: Overview

Rising demand for energy

A certain section of population across the world still lack access to electricity. Solutions and technologies are developed to boost the growth trajectory of electricity access. Off-grid renewable energy solutions, such as mini-grids and stand-alone systems have emerged as a mainstream and cost-competitive solution to increase electricity access. From the perspective of electrification planning, stand-alone systems (functioning independently of the electricity grid), such as solar home systems, play a crucial role in unlocking the latent demand and improving the viability of larger systems such as mini-grids or grid extension. The distributed and decentralized nature of off-grid technologies gives an opportunity for enhancing socio-economic benefits by engaging local capacities along with different segments of the value chain. This will lead to the expansion of the global solar home systems market at a CAGR of nearly 26% during the forecast period.

Rising support from NGOs

NGOs are playing a critical role in stimulating the demand for a solar home. The NGOs have various missions, such as developing economies, supporting clean energy technologies to achieve environmental goals, and providing access to a reliable power supply. These NGOs ensure collection and dissemination of information on solar opportunities and provide training to small and medium enterprises and technicians. Also, they help to bridge gaps between communities and businesses that intend to install solar systems as well as international financing organizations and donors. NGOs financially support solar projects by providing non-repayable grants or loans for overcoming capital barriers. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global solar home systems market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar home systems manufacturers, that include Greenlight Planet Inc., M-KOPA SOLAR Kenya Ltd., NIWA Solar, Renewit Solar Ltd., and Schneider Electric SE.

Also, the solar home systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • NIWA Solar
  • Renewit Solar Ltd.
  • Schneider Electric SE.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • PAYG products - Market size and forecast 2018-2023
  • Cash products - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • MEA - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Rising support from NGOs
  • Rapid growth in the adoption of portable devices
  • Rising demand for clean energy technologies
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • NIWA Solar
  • Renewit Solar Ltd.
  • Schneider Electric SE
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendor: Key offerings
Exhibit 02: Global renewable energy market
Exhibit 03: Segments of global renewable energy market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: PAYG products - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: PAYG products - Year-over-year growth 2019-2023 (%)
Exhibit 22: Cash products - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Cash products - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by type
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 30: ROW - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 32: Key leading countries
Exhibit 33: Market opportunity
Exhibit 34: Impact of drivers and challenges
Exhibit 35: Vendor landscape
Exhibit 36: Landscape disruption
Exhibit 37: Vendors covered
Exhibit 38: Vendor classification
Exhibit 39: Market positioning of vendors
Exhibit 40: Greenlight Planet Inc. - Vendor overview
Exhibit 41: Greenlight Planet Inc. - Organizational developments
Exhibit 42: Greenlight Planet Inc. - Key offerings
Exhibit 43: M-KOPA SOLAR Kenya Ltd. - Vendor overview
Exhibit 44: M-KOPA SOLAR Kenya Ltd. - Organizational developments
Exhibit 45: M-KOPA SOLAR Kenya Ltd. - Key offerings
Exhibit 46: NIWA Solar - Vendor overview
Exhibit 47: NIWA Solar - Key offerings
Exhibit 48: Renewit Solar Ltd. - Vendor overview
Exhibit 49: Renewit Solar Ltd. - Key offerings
Exhibit 50: Schneider Electric SE - Vendor overview
Exhibit 51: Schneider Electric SE - Business segments
Exhibit 52: Schneider Electric SE - Organizational developments
Exhibit 53: Schneider Electric SE - Geographic focus
Exhibit 54: Schneider Electric SE - Segment focus
Exhibit 55: Schneider Electric SE - Key offerings
Exhibit 56: Validation techniques employed for market sizing
Exhibit 57: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • NIWA Solar
  • Renewit Solar Ltd.
  • Schneider Electric SE.
  • MORE
The following companies are recognised as the key players in the global solar home systems market: Greenlight Planet Inc., M-KOPA SOLAR Kenya Ltd., NIWA Solar, Renewit Solar Ltd., and Schneider Electric SE.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising support from NGOs.”

According to the report, one of the major drivers for this market is the rising demand for energy.

Further, the report states that one of the major factors hindering the growth of this market is the intermittency in solar power generation.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • NIWA Solar
  • Renewit Solar Ltd.
  • Schneider Electric SE.
Note: Product cover images may vary from those shown
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