Global Solar Lighting Systems Industry

Global Solar Lighting Systems Industry

  • April 2021 •
  • 367 pages •
  • Report ID: 6032940 •
  • Format: PDF
Abstract:
- Global Solar Lighting Systems Market to Reach $15.1 Billion by 2027
- Amid the COVID-19 crisis, the global market for Solar Lighting Systems estimated at US$5.8 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at aCAGR of 14.5% over the period 2020-2027. LED, one of the segments analyzed in the report, is projected to record 16.6% CAGR and reach US$10.9 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 Other Light Sources segment is readjusted to a revised 10.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 19% CAGR
- The Solar Lighting Systems market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 19.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 12.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

- Select Competitors (Total 34 Featured) -
  • Clear Blue Technologies
  • Eaton
  • Exide Industries Ltd.
  • Greenshine New Energy
  • Halonix Technologies Pvt. Ltd.
  • Jiangsu Sokoyo Solar Lighting Co. Ltd.
  • Jinhua SunMaster Solar Lighting Co. Ltd.
  • Signify Holding (Philips)
  • Sol
  • Solar Electric Power Company (SEPCO)
  • Solar Lighting International
  • Solar Street Lights USA
  • SolarOne Solutions
  • Su-Kam Power Systems
  • Zhuhai Bomin Solar Technology Co. Ltd.