Semiconductor and Electronics Solar Lighting System Market

The solar lighting system market is projected to grow at a CAGR 14.09% rate during the forecast period. Major factors driving the market are growing need for energy-efficient solar lighting systems for highways, increasing use of renewable energy for lighting, rising penetration and decreasing cost of LEDs, and growing demand from developing and emerging countries. Furthermore, underlying opportunities for this market include a decline in the cost of solar lighting systems, favorable government initiatives, and enhancement in technological aspects of a solar lighting system. Commercial application is expected to hold the largest share of the solar lighting system market during the forecast period. Solar lighting systems are installed in commercial areas such as corporate offices, schools, and universities. Commercial spaces need indoor lighting for lighting up cellars, corridors, basements, and outdoor lighting for illuminating pathways and perimeters, among others. Solar lighting systems installed at these places help in decreasing energy and maintenance costs.

Off-grid expected to hold the largest market share. Off-grid solar power systems are standalone systems that are independent of any electric grids. These systems are used to collect and store solar energy, which is converted to electricity when required. In various developing countries, such as Indonesia, Bangladesh, India, Tanzania, Ethiopia, Cambodia, and Kenya, there is a high degree of dependency on off-grid systems.

APAC to account for the largest market size of solar lighting system during forecast period. APAC is a potential market for solar lighting systems with enormous opportunities for the development and implementation of new technologies. Countries such as China, Japan, India, South Korea, and Australia are taking initiatives toward the deployment of solar lighting systems. China is the biggest market in APAC for the implementation of solar lighting system solutions. Surging urbanization in developing countries in this region has been leading to the rise in the demand for energy. This consequently drives the demand for solar streetlights in this region.

Key Market Players includes Signify Holding (Signify, Netherlands), Eaton Corporation Inc (Eaton, Ireland), Solar Electric Power Company (SEPCO, US), Sol Inc., (Sol by Carmanah, US), Su-Kam Power Systems Ltd. (Su-Kam, India), Clear Blue Technologies Inc (Clear Blue Technologies, Canada), SunMaster Solar Lighting Co.,Ltd. (SunMaster, China), SolarOne Solutions, Inc. (SolarOne, US), Solar Street Lights USA (Solar Street Lights, US), Solar Lighting International, Inc. (Solar Lighting, US), FlexSol Solutions B.V. (FlexSol Solutions, Netherlands), Azuri Technologies Ltd (Azuri, Kenya), Sunna Design (France), Nokero (US), and Solektra International (Africa)

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid to long term?
  • Which emerging application area is expected to adopt a solar lighting system?
  • Which hardware component is growing in the market at the highest growth rate?
  • Which grid type is expected to penetrate significantly in solar lighting system market?
  • What type of light source is the most opportunistic for light manufacturers in the market?

  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Growing Need for Energy-Efficient Solar Lighting Systems for Highways
  15. Increasing Use of Renewable Energy for Lighting
  16. Rising Demand From Developing and Emerging Countries
  17. Increasing Penetration and Decreasing Cost of LEDs
  18. Challenges
  19. Lack of Awareness About Finance and Payback Period
  20. Lack of Customer Ownership in Utility-Owned Solar Street Lighting
  21. Opportunities
  22. Decline in Cost of Solar Lighting Systems
  23. Enhancement in Technological Aspects of Solar Lighting System
  24. Favorable Government Initiatives
  25. Executive Summary
  26. Solar Lighting System Market, By Offering
  27. Hardware
  28. Solar/PV panles
  29. Lighting fixtures
  30. Rechargeable battery
  31. Others
  32. Software and services
  33. Solar Lighting System Market, By Light Source
  34. LED
  35. Others
  36. Solar Lighting System Market, By Grid Type
  37. Off-grid
  38. Hybrid
  39. Solar Lighting System Market, By Application
  40. Highways and roadways
  41. Industrial
  42. Commercial
  43. Residential
  44. Others
  45. Solar Lighting System Market, By Region
  46. North America
  47. US
  48. Canada
  49. Mexico
  50. Europe
  51. UK
  52. Germany
  53. France
  54. Rest of Europe
  55. Asia Pacific
  56. Japan
  57. China
  58. Australia
  59. India
  60. South Korea
  61. Rest of APAC
  62. Rest of the World
  63. South America
  64. Middle East
  65. Africa
  66. Company Profiles
  67. Leading Companies in Solar Lighting System Market
  68. Signify Holding (Philips)
  69. Eaton
  70. Solar Electric Power Company (SEPCO)
  71. Sol
  72. Su-Kam Power Systems
  73. Clear Blue Technologies
  74. Jinhua Sunmaster Solar Lighting Co. Ltd
  75. Solarone Solutions
  76. Solar Street Lights Usa
  77. Solar Lighting International
  78. Other Companies in Solar Lighting System Market

*Company introduction, financial information, recent developments, SWOT analysis

  1. Conclusion and Recommendations
  2. Appendix
  3. About
  4. Related Reports
  5. Glossary

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