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Global Solar Home Lighting Market 2016-2020

Global Solar Home Lighting Market 2016-2020

About the Solar Home Lighting Market



The segmentation of the global solar home lighting market has been based on two distinct verticals that exist within the broader market. These are based on the technology used and the services provided. The segmentation of the market is as follows:

  • Grid-tied solar home lighting systems
  • Off-grid solar home lighting systems
In 2015, the solar home lighting market was dominated by the grid-tied systems, which accounted for nearly 86.35% of the global market. The off-grid solar home lighting segment is the underweight in the current market conditions. The segment commands 13.65% share of the global market pie.

Technavio’s analysts forecast the global solar home lighting market to grow at a CAGR of 20% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar home lighting market for 2016-2020.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Home Lighting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Panasonic
  • Tata Power Solar Systems
  • Shenzhen Yingli New Energy Resources
  • Sharp
Other prominent vendors
  • GE Renewable Energy
  • Su-Kam
  • Solarcentury
  • Philips
Market driver
  • Increased focus on environmental protection
  • For a full, detailed list, view our report
Market challenge
  • Limited sales channels
  • For a full, detailed list, view our report
Market trend
  • Dominance of emerging markets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Home Lighting Market 2016-2020



Technavio recognizes the following companies as the key players in the global solar home lighting market: Panasonic, Tata Power Solar Systems, Shenzhen Yingli New Energy Resources, and Sharp.



Other Prominent Vendors in the market are: GE Renewable Energy, Su-Kam, Solary Century, and Philips.



Commenting on the report, an analyst from Technavio’s team said: “One trend which is propelling tremendous growth in the market is the dominance of emerging markets. The growth of the solar home lighting market has been largely dominated by the off-grid segment. This segment aims to provide lighting facilities to the households who live off the national electricity grid. The majority of this population segment is found in the developing or the developed global economies such as those in Africa and Asia. Although the rates of infrastructure development in many of these regions have been significantly high, there are still significant voids which remain in the penetration of the electricity markets. There is a significant segment of the population that still experiences long hours of power outages and are reliant on kerosene for its lighting needs.”



According to the report, a key growth driver is the increased focus on environmental protection. Since the discovery of the commercial uses of oil and natural gas in the late eighteenth and early nineteenth centuries, the dominance of fossil fuels in satisfying the ever ballooning global energy demand has only grown. Fossil fuels currently account for more than 80% of the world's energy demand. The global energy demand is expected to increase by 35% by 2020, and fossil fuels are expected to meet 75% of this increased demand. The major growth in the demand for this fossil fuel is expected to shift to the non-OECD countries such as China and India backed by their booming economies.



Further, the report states that one challenge that could hamper market growth is limited sales channels. No matter how good a product is, the commercial success of the product can only be ensured when it reaches the target customers efficiently. This is where the sales channels and business models for a particular product come into play. The solar home lighting market, however, has been significantly plagued by the absence of developed sales channels.

Companies Mentioned

Panasonic, Tata Power Solar Systems, Shenzhen Yingli New Energy Resources, Sharp, GE Renewable Energy, Su-Kam, Solary Century, Philips.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global solar home lighting market
    • Market size and forecast
      • Table Global solar home lighting 2016-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product types
    • Global solar home lighting by product types
      • Table Global solar home lighting market by product types 2015
      • Table Global solar home lighting by product type 2020
      • Table Global solar home lighting market by product type 2016-2020
      • Table Global grid-tied solar home lighting market 2016-2020 ($ billions)
      • Table Global off-grid solar home lighting 2016-2020 ($ billions)
      • Table Global large-scale solar home lighting systems 2016-2020
      • Table Global pico-solar home lighting systems 2016-2020
  • Geographical segmentation
    • Global solar home lighting market 2016-2020 segmentation by geography
      • Table Global solar home lighting market shares by geography 2015
      • Table Global solar home lighting market shares by geography 2020
      • Table Global solar home lighting market shares by geography 2016-2020
    • APAC
      • Table APAC solar home lighting outlook 2016-2020 (in Billion $)
    • Americas
      • Table Americas solar home lighting outlook 2016-2020 ($ billions)
    • EMEA
      • Table EMEA solar home lighting outlook 2016-2020 ($ billions)
  • Market drivers
    • Increased focus on environmental protection
      • Table Fossil fuels reserve estimates
      • Table Global carbon dioxide emissions from fuel combustion by sectors
      • Table Primary energy demand by fuel source (million tons of oil equivalent)
      • Table Lifecycle carbon dioxide from power plants by fuel sources (gram-CO /kWh)
      • Table Energy-related CO reduction
    • Higher price of kerosene and falling subsidies
    • Decreasing price of lighting units
      • Table Forecast price trend of solar PV arrays ($/Wdc)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Limited sales channels
      • Table Solar home lighting sales channels
    • Competition from counterfeit products
    • High import taxes and tariffs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Dominance of emerging markets
    • Increase in government support
  • Vendor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Panasonic
      • Table Panasonic: Business segmentation by revenue 2015
      • Table Revenue comparison by business segment by 2014 and 2015 ($ billions)
      • Table Product portfolio
    • Tata Power Solar Systems
      • Table Product portfolio
    • Shenzhen Yingli New Energy Resources
      • Table Product portfolio
    • Sharp
      • Table Business segmentation
      • Table Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Geographical segmentation by revenue 2015
      • Table Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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