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Off-Grid Solar Lighting - Global Market Trajectory & Analytics

  • ID: 5141146
  • Report
  • September 2020
  • Region: Global
  • 125 pages
  • Global Industry Analysts, Inc
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Global Off-Grid Solar Lighting Market to Reach $4.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Off-Grid Solar Lighting estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 17.3% over the analysis period 2020-2027. 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 an early 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 $473.1 Million, While China is Forecast to Grow at 16.6% CAGR

The Off-Grid Solar Lighting market in the U. S. is estimated at US$473.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$839.5 Million by the year 2027 trailing a CAGR of 16.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.6% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

Large Solar Home Systems (LSHS) Segment to Record 14.1% CAGR

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 in the year 2020 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$586 Million by the year 2027. We bring years of research experience to this 9th edition of our report. The 125-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Global Competitor Market Shares
  • Off-Grid Solar Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Off-Grid Solar Lighting Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
  • TABLE 2: Off-Grid Solar Lighting Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
  • TABLE 3: Off-Grid Solar Lighting Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • TABLE 4: Solar Lantern System (SLS) (Segment) World Market by Region/Country in US$ Thousand: 2020 to 2027
  • TABLE 5: Solar Lantern System (SLS) (Segment) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
  • TABLE 6: Solar Lantern System (SLS) (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 7: Solar Home Systems (SHS) (Segment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
  • TABLE 8: Solar Home Systems (SHS) (Segment) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
  • TABLE 9: Solar Home Systems (SHS) (Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • TABLE 10: Large Solar Home Systems (LSHS) (Segment) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
  • TABLE 11: Large Solar Home Systems (LSHS) (Segment) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
  • TABLE 12: Large Solar Home Systems (LSHS) (Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Off-Grid Solar Lighting Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • TABLE 13: United States Off-Grid Solar Lighting Market Estimates and Projections in US$ Thousand by Segment: 2020 to 2027
  • TABLE 14: Off-Grid Solar Lighting Market in the United States by Segment: A Historic Review in US$ Thousand for 2012-2019
  • TABLE 15: United States Off-Grid Solar Lighting Market Share Breakdown by Segment: 2012 VS 2020 VS 2027
CANADA
  • TABLE 16: Canadian Off-Grid Solar Lighting Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
  • TABLE 17: Canadian Off-Grid Solar Lighting Historic Market Review by Segment in US$ Thousand: 2012-2019
  • TABLE 18: Off-Grid Solar Lighting Market in Canada: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027
JAPAN
  • TABLE 19: Japanese Market for Off-Grid Solar Lighting: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
  • TABLE 20: Off-Grid Solar Lighting Market in Japan: Historic Sales Analysis in US$ Thousand by Segment for the Period 2012-2019
  • TABLE 21: Japanese Off-Grid Solar Lighting Market Share Analysis by Segment: 2012 VS 2020 VS 2027
CHINA
  • TABLE 22: Chinese Off-Grid Solar Lighting Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
  • TABLE 23: Off-Grid Solar Lighting Historic Market Analysis in China in US$ Thousand by Segment: 2012-2019
  • TABLE 24: Chinese Off-Grid Solar Lighting Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
  • Market Facts & Figures
  • European Off-Grid Solar Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
  • TABLE 25: European Off-Grid Solar Lighting Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
  • TABLE 26: Off-Grid Solar Lighting Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
  • TABLE 27: European Off-Grid Solar Lighting Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 28: European Off-Grid Solar Lighting Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
  • TABLE 29: Off-Grid Solar Lighting Market in Europe in US$ Thousand by Segment: A Historic Review for the Period 2012-2019
  • TABLE 30: European Off-Grid Solar Lighting Market Share Breakdown by Segment: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 31: Off-Grid Solar Lighting Market in France by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • TABLE 32: French Off-Grid Solar Lighting Historic Market Scenario in US$ Thousand by Segment: 2012-2019
  • TABLE 33: French Off-Grid Solar Lighting Market Share Analysis by Segment: 2012 VS 2020 VS 2027
GERMANY
  • TABLE 34: Off-Grid Solar Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Segment for the Period 2020-2027
  • TABLE 35: German Off-Grid Solar Lighting Historic Market Analysis in US$ Thousand by Segment: 2012-2019
  • TABLE 36: German Off-Grid Solar Lighting Market Share Breakdown by Segment: 2012 VS 2020 VS 2027
ITALY
  • TABLE 37: Italian Off-Grid Solar Lighting Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
  • TABLE 38: Off-Grid Solar Lighting Historic Market Analysis in Italy in US$ Thousand by Segment: 2012-2019
  • TABLE 39: Italian Off-Grid Solar Lighting Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
  • TABLE 40: United Kingdom Market for Off-Grid Solar Lighting: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
  • TABLE 41: Off-Grid Solar Lighting Market in the United Kingdom: Historic Sales Analysisin US$ Thousand by Segment for the Period 2012-2019
  • TABLE 42: United Kingdom Off-Grid Solar Lighting Market Share Analysis by Segment:2012 VS 2020 VS 2027
REST OF EUROPE
  • TABLE 43: Rest of Europe Off-Grid Solar Lighting Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
  • TABLE 44: Off-Grid Solar Lighting Market in Rest of Europe in US$ Thousand by Segment: A Historic Review for the Period 2012-2019
  • TABLE 45: Rest of Europe Off-Grid Solar Lighting Market Share Breakdown by Segment: 2012 VS 2020 VS 2027
ASIA-PACIFIC
  • TABLE 46: Off-Grid Solar Lighting Market in Asia-Pacific by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • TABLE 47: Asia-Pacific Off-Grid Solar Lighting Historic Market Scenario in US$ Thousand by Segment: 2012-2019
  • TABLE 48: Asia-Pacific Off-Grid Solar Lighting Market Share Analysis by Segment: 2012 VS 2020 VS 2027
REST OF WORLD
  • TABLE 49: Rest of World Off-Grid Solar Lighting Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
  • TABLE 50: Rest of World Off-Grid Solar Lighting Historic Market Review by Segment in US$ Thousand: 2012-2019
  • TABLE 51: Off-Grid Solar Lighting Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027
IV. COMPETITION
  • Total Companies Profiled: 38
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