Solar Lights Market Key Highlights:
- Market Size (2024): USD 1,440 Million
- Projected Market Size (2034): USD 3,497 Million
- CAGR (2023-2034): 8.4%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Solar Lights Market Definition
Solar lighting system works on electricity from batteries which is charged through the use of solar PV panels, which consist of battery, solar panel, LED lamp and charge controller. The rapid infrastructure development in all fields is pushing local solar light manufacturers to deliver innovative solar lighting products. Renewable energy is generated from natural sources or from renewable sources which are extinguishing, due to which major countries like India is investing heavily into research and development of renewable energy sources. The significant growth in infrastructure highways, railways, ports and aviation is driving the market further.
Also, solar lighting products are becoming more sophisticated with LED and microcontrollers; it enables users to control its illumination level, thus consuming less energy. Hence, such an energy efficient system is provoking consumers to buy more solar lights. However, factors like high upfront cost, lack of awareness about renewable energy sources, high dependence on conventional sources of energy for electricity generation are hindering markets growth. The increase in the LED technology usage creating lucrative opportunity for the expansion of solar lights market.
Solar Lights Market Segmentation:
By Type
- Home Lights
- Signal Lights
- Lawn Lights
- Landscape Lights
- Logo Lights
- Street Lights
- Insect Lights
By Application
- Roadway
- Area Lighting
- Home Lighting
- Others
Solar Lights Market Companies:
- Philips Lighting
- Gama Sonic
- Tesco
- Brinkman
- Westinghouse
- Coleman Cable
- XEPA
- Nature Power
- Eglo
- D.light
- Nokero
- Risen
- Himin Solar
- Shenzhen Jiawei Solar Lighting
- Sunny Solar Technology
- Nbsolar
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
