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Off-Grid Solar Lighting - Global Market Trajectory & Analytics

  • ID: 5141146
  • Report
  • April 2021
  • Region: Global
  • 125 Pages
  • Global Industry Analysts, Inc
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.

Select Competitors (Total 38 Featured):
  • 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.
Frequently Asked Questions about the Global Market for Off-Grid Solar Lighting

What is the estimated value of the Global Market for Off-Grid Solar Lighting?

The Global Market for Off-Grid Solar Lighting was estimated to be valued at $1.6 Billion in 2020.

What is the growth rate of the Global Market for Off-Grid Solar Lighting?

The growth rate of the Global Market for Off-Grid Solar Lighting is 17.3%, with an estimated value of $4.9 Billion by 2027.

What is the forecasted size of the Global Market for Off-Grid Solar Lighting?

The Global Market for Off-Grid Solar Lighting is estimated to be worth $4.9 Billion by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Off-Grid Solar Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Off-Grid Solar Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Off-Grid Solar Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for Solar Lantern System (SLS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Solar Lantern System (SLS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Solar Lantern System (SLS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for Solar Home Systems (SHS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Solar Home Systems (SHS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Solar Home Systems (SHS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 10: World Current & Future Analysis for Large Solar Home Systems (LSHS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Large Solar Home Systems (LSHS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Large Solar Home Systems (LSHS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 13: USA Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 14: USA Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: USA 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • CANADA
  • Table 16: Canada Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 17: Canada Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: Canada 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • JAPAN
  • Table 19: Japan Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: Japan Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: Japan 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • CHINA
  • Table 22: China Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 23: China Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: China 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • EUROPE
  • Table 25: Europe Current & Future Analysis for Off-Grid Solar Lighting by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: Europe Historic Review for Off-Grid Solar Lighting by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: Europe 15-Year Perspective for Off-Grid Solar Lighting by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 28: Europe Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 29: Europe Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: Europe 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • FRANCE
  • Table 31: France Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: France Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: France 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • GERMANY
  • Table 34: Germany Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 35: Germany Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 36: Germany 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • ITALY
  • Table 37: Italy Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: Italy Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 39: Italy 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Table 40: UK Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 41: UK Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: UK 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • Table 43: Rest of Europe Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Rest of Europe Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 45: Rest of Europe 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • Table 46: Asia-Pacific Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 47: Asia-Pacific Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 48: Asia-Pacific 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • Table 49: Rest of World Current & Future Analysis for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of World Historic Review for Off-Grid Solar Lighting by Segment - Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 51: Rest of World 15-Year Perspective for Off-Grid Solar Lighting by Segment - Percentage Breakdown of Value Sales for Solar Lantern System (SLS), Solar Home Systems (SHS) and Large Solar Home Systems (LSHS) for the Years 2012, 2020 & 2027

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown