The report forecasts the global solar home lighting market to grow at a CAGR of 20% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend which is propelling tremendous growth in the market is the dominance of emerging markets. The growth of the solar home lighting market has been largely dominated by the off-grid segment. This segment aims to provide lighting facilities to the households who live off the national electricity grid.
The majority of this population segment is found in the developing or the developed global economies such as those in Africa and Asia. Although the rates of infrastructure development in many of these regions have been significantly high, there are still significant voids which remain in the penetration of the electricity markets. There is a significant segment of the population that still experiences long hours of power outages and are reliant on kerosene for its lighting needs.
According to the report, a key growth driver is the increased focus on environmental protection. Since the discovery of the commercial uses of oil and natural gas in the late eighteenth and early nineteenth centuries, the dominance of fossil fuels in satisfying the ever ballooning global energy demand has only grown. Fossil fuels currently account for more than 80% of the world's energy demand. The global energy demand is expected to increase by 35% by 2020, and fossil fuels are expected to meet 75% of this increased demand. The major growth in the demand for this fossil fuel is expected to shift to the non-OECD countries such as China and India backed by their booming economies.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Tata Power Solar Systems
- Shenzhen Yingli New Energy Resources
- GE Renewable Energy
- Solary Century
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product types
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/dlxntt/global_solar_home
Related Topics: Lighting Equipment
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SOURCE Research and Markets