Global Solar Lighting Systems Strategic Business Report 2024: Market to Reach $19.2 Billion by 2030 - Favorable Regulations Remain Imperative for Sustained Growth


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 AttributeDetails
No. of Pages516
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$6.8 Billion
Forecasted Market Value (USD) by 2030$19.2 Billion
Compound Annual Growth Rate13.9%
Regions CoveredGlobal

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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Solar Lighting Systems Market

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