The Solar Lighting System Market was valued at USD 8.32 billion in 2023 and is projected to reach USD 29.17 billion by 2032, growing at a CAGR of 14.96% from 2024 to 2032. The demand for solar powered lighting systems is increasing at a high rate with advancements and integration of solar lighting in the smart cities and urban development, an integration where solar lighting system promotes efficient lighting solutions for street lighting and other sustainable infrastructure. As solar power technology continues to develop to allow for higher efficiency and longer-lasting storage systems, solar lighting becomes a more viable alternative to traditional lighting systems. The growing emphasis on energy efficiency, sustainability, and the reduction of carbon emissions also drives the demand for solar lighting systems. We continue to see growth from electrification and rural development in off-grid areas where cost effective solar lighting is a sustainable solution. In the U.S., the solar lighting system market was valued at USD 1.35 billion in 2023 and is expected to reach USD 1.89 billion by 2032, growing at a CAGR of 15.44%. This growth is fueled by technological innovations, government incentives, and a shift toward renewable energy solutions for off-grid, energy-efficient lighting systems.
Drivers:
Energy efficiency, cost savings, and sustainability are transforming the solar lighting system market.
The solar lighting system market is driven by the significant potential for energy and operational cost savings. Solar panels, while requiring an initial investment, provide long-term benefits by generating "free" electricity, with typical savings of around $62,219 over 25 years. For example, a 10-kilowatt system costs about $28,241 in 2025, which drops to USD 19,873 after the federal solar tax credit. Additionally, solar energy systems can lower utility bills substantially, making them attractive to both residential and commercial sectors. The increasing affordability and efficiency of solar solutions, particularly when considering incentives like the federal tax credit, drive adoption. Furthermore, the shift towards energy-efficient LED lighting, which is widely used in solar lighting systems, reduces energy consumption and maintenance costs, with LEDs offering a much longer lifespan and less waste heat compared to traditional lighting solutions. This combination of cost savings, energy efficiency, and technological advancements fuels the growth of the solar lighting system market.
Restraints:
Limited Battery Efficiency and Lifespan Affecting Solar Lighting Systems Performance
While solar lights are eco-friendly and reduce energy costs, the batteries used to store solar power often have limited lifespans and can degrade over time, reducing their overall performance. This issue is particularly evident in extreme weather conditions and regions with inconsistent sunlight, where battery efficiency can significantly drop. Solar batteries require periodic maintenance and replacements, which adds to the long-term costs. Moreover, low-efficiency batteries can result in shorter lighting durations, leading to compromised performance, especially in areas requiring continuous lighting. These challenges highlight the need for advancements in battery technology to ensure more reliable and durable solar lighting solutions.
Opportunities:
Solar Lighting Systems as a Sustainable Solution for Rural Electrification and Socio-Economic Development
Solar lighting systems offer a sustainable and cost-effective solution for electrifying off-grid, rural, and remote areas where conventional electricity infrastructure is absent or unreliable. These regions are often too remote to connect to the electrical grid, either geographically or for the cost of installation. Solar-powered lighting, therefore, presents the perfect alternative, providing sustainable, renewable energy solutions that don’t depend on the local grid systems. Furthermore, these systems are easy to install, low maintenance, and lower energy costs over time. One trend is solar lighting, which increases safety and quality of life in remote communities by extending productive hours, improving security, and providing important services (lighting for schools, health centers and public spaces) that will promote socio-economic development.
Challenges:
Challenging Factors in Integrating Solar Lighting Systems with Grid Power for Seamless Energy Transfer
Connecting solar lighting systems with grid power where infrastructure exists for both energy sources can be technically and logistically complex. Advanced components, including inverters, charge controllers, and hybrid systems, are needed to maximize performance and facilitate energy transfer. Moreover, maintaining steady performance in the face of power variations and controlling backup energy systems introduces additional intricacies. Off-grid systems must be coupled with additional measures to ensure that the solar lighting system remains functional. This is costly and requires more maintenance, making the solar lighting solutions increasingly unaffordable and less flexible. This, in turn, makes the proper combination of solar lighting systems with the grid a vital focus mechanism for users and developers seeking to implement both solar energy and traditional energy solutions.
By Light Source
The LED segment held the largest revenue share in the solar lighting system market, accounting for approximately 78% in 2023. This dominance is due to the many benefits of LED technology including high energy efficiency, long life and low maintenance. LEDs emit 95% light from the energy consumed and are the most energy-efficient lighting technology, which substantially decreases electrical utilization as well. As well as their durability — they will last up to 100,000 hours — which lowers the number of replacements, encouraging their adoption. However, LEDs will be the fastest-growing segment in the solar lighting system market in the forecast period from 2024 to 2032 due to the growing demand for sustainable and cost-effective lighting solutions. Despite this competition, LED lights are expected to gain an even larger share of the market in the next few years, due to continued improvements in terms of luminance as well as incorporation in smart systems.
By Grid Type
The off-grid segment dominated the solar lighting system market with a revenue share of approximately 65% in 2023. This is primarily due to the growing demand for sustainable and reliable lighting solutions in remote and rural areas without access to traditional grid power. Off-grid solar lighting systems provide a cost-effective and environmentally friendly alternative, offering lighting solutions in regions where infrastructure is limited or unavailable. These systems are crucial for rural electrification and are increasingly favored for their ease of installation, low operational costs, and minimal maintenance requirements. As the focus on renewable energy and energy access continues to rise, the off-grid solar lighting segment is expected to maintain its strong market position.
The hybrid segment of the solar lighting system market is expected to be the fastest-growing segment during the forecast period from 2024 to 2032. Hybrid systems integrate solar energy with traditional grid power, offering increased flexibility and reliability, particularly for regions with unreliable grid power. Renewable solar energy, with the auxiliary service of a constant supply of power through grid backup during cloudy days or high-demand periods, makes for an innovative, reliable way to power up their life. In urban and suburban areas, hybrid systems are gaining popularity as residents look for reliable, cost-effective and energy-efficient ways to light their homes. Their quick adoption and key growth driver for the solar lighting market is the ability to optimize energy usage and lowering dependence on grid power.
By Application
The commercial segment dominated the largest share of revenue in the solar lighting system market, accounting for around 50% in 2023. This dominance is driven by the increasing demand for energy-efficient lighting solutions in commercial spaces, including offices, retail establishments, and industrial areas. Solar lighting offers businesses significant cost savings on electricity bills while supporting sustainability goals. Additionally, the ability to reduce energy consumption and the lower maintenance requirements make solar lighting a preferred choice for commercial applications. As businesses focus more on green energy solutions, the commercial segment is expected to continue growing rapidly.
The highways and roadways segment is expected to be the fastest-growing segment in the solar lighting system market from 2024 to 2032. . This is mainly due to the growing need for energy-efficient and sustainable lighting solutions for street lighting in urban and rural regions. The systems harness the energy of the sun making them perfectly suited to high traffic highways and roadways by removing reliance on the electrical grid, reducing operational costs, and providing energy efficient lighting all at once even in remote locations. Moreover, enhancements in solar technology, including better battery storage and long-lasting LEDs are further enhancing the efficiency of solar streetlights in these regions. The highways and roadways segment is the most lucrative segment, with an increasing focus on eco-friendly infrastructure from governments and municipalities.
The Asia-Pacific region dominated the solar lighting system market with the largest share of around 43% in 2023. This dominance is attributed to rapid urbanization, growing infrastructure development, and increasing government initiatives promoting renewable energy solutions. Countries like China, India, and Japan are heavily investing in solar technologies to enhance energy efficiency and sustainability. The region's vast rural areas, which lack reliable grid access, are also driving the adoption of off-grid solar lighting systems. Moreover, the Asia-Pacific market benefits from advancements in solar energy, affordable manufacturing costs, and favorable policies supporting green energy initiatives, further solidifying its leading position in the market.
The North America region is expected to be the fastest-growing market for solar lighting systems during the forecast period from 2024 to 2032. A variety of factors including growing investments in renewable energy solutions, a surge in government incentives for sustainable infrastructure, and the increasing need for energy-efficient lighting solutions across residential and commercial sectors is driving this growth. The North American market for solar lighting systems is growing in urban and rural areas due to advancements in solar technologies and an increased focus on reducing carbon footprints. Also, this rapid growth is fuelled by increasing demand for off grid and hybrid solar lighting systems in remote regions.
Some of the Major Players in Solar Lighting System Market along with their Product:
Philips (Netherlands) – Solar LED street lights, solar-powered outdoor lighting solutions.
Sunna Design Inc. (France) – Solar-powered streetlights and smart lighting solutions.
Solar Electric Power Company (USA) – Solar street lighting systems, solar energy solutions.
Solar Street Lights USA (USA) – Solar street lighting solutions for commercial and residential applications.
Shenzhen Jiawei Solar Lighting (China) – Solar street lights, solar garden lights, and solar lanterns.
Eaton Corporation (USA) – Solar-powered LED street lighting, energy-efficient lighting systems.
Greenshine New Energy (USA) – Solar street lighting, solar-powered outdoor lighting systems.
Yingli Solar (China) – Solar panels, solar lighting solutions for urban and rural areas.
Array Technologies (USA) – Solar tracking systems, solar energy products.
Sungrow Power Supply Co., Ltd. (China) – Solar lighting systems, photovoltaic inverters, solar energy solutions.
Para Light Electronic (China) – Solar street lighting components, LED lighting solutions.
List of players providing raw materials and components for the Solar Lighting System Market include:
Trina Solar Limited (China)
First Solar (USA)
LONGi Solar (China)
JinkoSolar (China)
GCL-Poly Energy Holdings (China)
On November 18, 2024, Taiwan-based Para Light Electronic launched the PD-BJ200W compact solar LED streetlight with integrated PV panels and a 50 Ah battery, offering up to 15 hours of illumination for pedestrian walkways and roads.
On March 4, 2025, Array Technologies announced that it is on track to deliver 100% domestic content PV trackers in the first half of 2025, supported by the commissioning of its new solar tracker manufacturing facility in Albuquerque, New Mexico, which began construction in April 2024.
| Report Attributes | Details |
| Market Size in 2023 | USD 8.32 Billion |
| Market Size by 2032 | USD 29.17 Billion |
| CAGR | CAGR of 14.96% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Light Source (LED, Others) • By Grid Light Source (On-grid, Off-grid, Hybrid) • By Application (Highways & Roadways, Industrial, Commercial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Philips (Netherlands), Sunna Design Inc. (France), Solar Electric Power Company (USA), Solar Street Lights USA (USA), Shenzhen Jiawei Solar Lighting (China), Eaton Corporation (USA), Greenshine New Energy (USA), Yingli Solar (China), Array Technologies (USA), Sungrow Power Supply Co., Ltd. (China), Para Light Electronic (China). |
Ans: The Solar Lighting System Market is expected to grow at a CAGR of 14.96% during 2024-2032.
Ans: The Solar Lighting System Market was USD 8.32 Billion in 2023 and is expected to Reach USD 29.17 Billion by 2032.
Ans: Increasing demand for energy efficiency, battery advancements, smart city integration, rural electrification, and sustainability.
Ans: The “LED” segment dominated the Solar Lighting System Market.
Ans: Asia-Pacific dominated the Solar Lighting System Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Integration with Smart Cities and Urban Development
5.2 Battery Technology and Energy Storage
5.3 Energy Efficiency and Sustainability
5.4 Impact of Electrification and Rural Development
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Solar Lighting System Market Segmentation, by Light Source
7.1 Chapter Overview
7.2 LED
7.2.1 LED Market Trends Analysis (2020-2032)
7.2.2 LED Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Others
7.3.1 Others Market Trends Analysis (2020-2032)
7.3.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Solar Lighting System Market Segmentation, by Grid Type
8.1 Chapter Overview
8.2 On-grid
8.2.1 On-grid Market Trends Analysis (2020-2032)
8.2.2 On-grid Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Off-grid
8.3.1 Off-grid Market Trends Analysis (2020-2032)
8.3.2 Off-grid Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Hybrid
8.4.1 Hybrid Market Trends Analysis (2020-2032)
8.4.2 Hybrid Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Solar Lighting System Market Segmentation, by Application
9.1 Chapter Overview
9.2 Highways & Roadways
9.2.1 Highways & Roadways Market Trends Analysis (2020-2032)
9.2.2 Highways & Roadways Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Industrial
9.3.1 Industrial Market Trends Analysis (2020-2032)
9.3.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Commercial
9.4.1 Commercial Market Trends Analysis (2020-2032)
9.4.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.2.4 North America Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.2.5 North America Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.2.6.2 USA Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.2.6.3 USA Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.2.7.2 Canada Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.2.7.3 Canada Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.2.8.2 Mexico Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.6.2 Poland Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.7.2 Romania Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.4 Western Europe Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.6.2 Germany Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.7.2 France Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.7.3 France Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.8.2 UK Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.9.2 Italy Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.10.2 Spain Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.13.2 Austria Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.6.2 China Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.6.3 China Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.7.2 India Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.7.3 India Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.8.2 Japan Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.8.3 Japan Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.9.2 South Korea Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.10.2 Vietnam Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.11.2 Singapore Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.12.2 Australia Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.12.3 Australia Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.4 Middle East Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.6.2 UAE Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.2.4 Africa Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.2.5 Africa Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Solar Lighting System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.6.4 Latin America Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.6.5 Latin America Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.6.6.2 Brazil Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.6.7.2 Argentina Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.6.8.2 Colombia Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Solar Lighting System Market Estimates and Forecasts, by Light Source (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Solar Lighting System Market Estimates and Forecasts, by Grid Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Solar Lighting System Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Philips
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Sunna Design Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Solar Electric Power Company
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Solar Street Lights USA
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Shenzhen Jiawei Solar Lighting
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Eaton Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Greenshine New Energy
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Yingli Solar
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Array Technologies
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Sungrow Power Supply Co., Ltd.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Light Source
LED
Others
By Grid Type
On-grid
Off-grid
Hybrid
By Application
Highways & Roadways
Industrial
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
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