Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Solar Lighting Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Solar Lighting Systems Market to Reach $19.2 Billion by 2030
The global market for Solar Lighting Systems estimated at US$6.8 Billion in the year 2022, is projected to reach a revised size of US$19.2 Billion by 2030, growing at a CAGR of 14% over the analysis period 2022-2030. LED, one of the segments analyzed in the report, is projected to record 16% CAGR and reach US$14.6 Billion by the end of the analysis period. Growth in the Other Light Sources segment is estimated at 9.1% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 16.2% CAGR
The Solar Lighting Systems market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 11.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 516 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.8 Billion |
| Forecasted Market Value (USD) by 2030 | $19.2 Billion |
| Compound Annual Growth Rate | 13.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Solar Lighting Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Solar Power Becomes Indispensable to Global Energy Mix
- Robust Demand for Solar Power Provides a Fertile Environment for the Growth of Solar Lighting Systems: Global Demand for Solar Photovoltaic Power (In Gigawatts) for Years 2020, 2022, 2024 & 2026
- What's In-Store for Renewable Resources?
- Recent Market Activity
- Innovations
- World Brands
MARKET TRENDS & DRIVERS
- Internet of Energy (IoE) Sets the Stage for Renewables. Here's How
- Myriad Factors Support the Trend Towards Solar Street Lighting
- Innovation is Key to Sustained Growth of Solar Street Lights
- Smart Cities to Provide Added Boost for Solar Street Lighting
- Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for Solar Street Lighting: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
- AI Makes Its Presence Felt in the Solar Lighting Systems Market
- Favorable Regulations Remain Imperative for Sustained Growth in the Market
- Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Market to Benefit from the Shift Towards Decentralized Power Generation & Rural Electrification in Emerging Nations
- Global Distributed PV Capacity Growth (in GW) by End-Use for the Period 2007-12, 2012-18 and 2019-24
- Rising Popularity of Building Integrated Photovoltaics (BIPV) to Spur Growth in the Residential and Commercial Sectors
- Dedicated Solar Electric Architecture is Imperative for Better Quality Solar Lights: Global Building Integrated Photovoltaics (BIPV) Market by Region (in US$ Million) for the Years 2020 and 2027
- Long-term Prospects Remain Favorable Amid Growing Population & Urbanization Drive
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
FOCUS ON SELECT PLAYERS(Total 83 Featured)
- Jain Irrigation Systems Ltd.
- Halonix Technologies Ltd.
- Exide Industries Ltd.
- Hippo Innovations Pvt., Ltd.
- BISOL Group, d.o.o.
- Clear Blue Technologies Inc.
- Azuri Technologies Ltd.
- Deepa Solar Systems Pvt. Ltd.
- Dragons Breath Solar
- COVIMED Group
- FlexSol Solutions B.V.
- Cooper Lighting, LLC
- Kamworks
- Microenergy Credits
- Integrated Batteries India Private Limited (IB Solar)
For more information about this report visit https://www.researchandmarkets.com/r/buhyfs
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