Solar Lighting System Market Size, Industry Share, Future Scope 2030

Solar lighting system market share is projected to reach USD 10.8 billion by 2024 at a CAGR of 15.6% during forecast period.

Signify Holding (Signify, Netherlands), Eaton Corporation Inc (Eaton, Ireland), Solar Electric Power Company (SEPCO, US), Sol Inc., (Sol by Carmanah, US), Su-Kam Power Systems Ltd. (Su-Kam, India), Clear Blue Technologies Inc (Clear Blue Technologies, Canada), SunMaster Solar Lighting Co.,Ltd. (SunMaster, China), SolarOne Solutions, Inc. (SolarOne, US), Solar Street Lights USA (Solar Street Lights, US), Solar Lighting International, Inc. (Solar Lighting, US), FlexSol Solutions B.V. (FlexSol Solutions, Netherlands),  Azuri Technologies Ltd (Azuri, Kenya), Sunna Design (France), Nokero (US), and Solektra International (Africa) are a few major players in the solar lighting system market.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207347790

Solar Lighting System Market Report Scope

Report Attributes	Details
Market Size Value in 2019	USD 5.2 Billion
Revenue Forecast in 2024	USD 10.8 Billion
Growth Rate	15.6%
Base Year Considered	2018
Historical Data Available for Years	2016–2024
Forecast Period	2019–2024
Segments Covered	By Light source, By Grid type, By Offering, By Application, and By Region
Region Covered	APAC, Europe, North America, RoW
Market Leaders	Signify Holding (Signify, Netherlands), Eaton Corporation Inc (Eaton, Ireland), Solar Electric Power Company (SEPCO, US), Sol Inc., (Sol by Carmanah, US), Su-Kam Power Systems Ltd. (Su-Kam, India), Clear Blue Technologies Inc (Clear Blue Technologies, Canada), SunMaster Solar Lighting Co.,Ltd. (SunMaster, China)
Top Companies in North America	SolarOne Solutions, Inc. (SolarOne, US), Solar Street Lights USA (Solar Street Lights, US), Solar Lighting International, Inc. (Solar Lighting, US), Greenshine New Energy LLC (Greenshine New Energy, US), Halonix Technologies Pvt. Ltd. (Halonix Technologies, US), Nokero (US)
Largest Growing Region	Asia Pacific
Largest Market Share Segment	Off-grid Segment
Highest CAGR Segment	LED light source Segment
Largest Application Market Share	Commercial Application

Recent Developments

• In April 2018, SEPCO partnered with a local property management company at Gardens of Woodberry, Georgia, US, to provide lighting along walkways and streetlights in areas that were difficult to bring traditional power. The residential area was also installed with electrical lights along with most parts of the roadway, but many dark areas need to be addressed.
• In March 2018, Signify (Philips Lighting) launched Philips SunStay, a solar streetlight that combines solar panel, battery, and light in one housing, and Philips LifeLight, a solar lantern that comes with a replaceable battery. With the launch of these products in India, the company is accelerating a strategic push into solar-powered lighting.
• In February 2018, Sol and Sand Creek Park, the city of Aurora’s parks, recreation, and open space department (US), formed an agreement to install solar lighting systems. Sol installed EverGen solar lighting systems in Sand Creek Park in Aurora, Colorado. Sol has deployed more than 300 solar lighting systems in Colorado.