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Off-Grid Solar Lighting Market Insights and Assessment of Growth Factors Analyzed until the End of 2024

Feb 14th 2019 at 3:11 AM

Looking at the current market trends as well as the promising demand status of the Off-Grid Solar Lighting Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Off-Grid Solar Lighting Market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.

Off-grid solar lighting products are rapidly becoming the primary mode of illuminating remote areas in developing and under-developed countries where grid infrastructure is either non-existent or is highly unreliable and incompetent. Nearly 18% of the world’s population had no access to electricity as of 2013, making the demographic directly dependent on solid fuels such as coal and wood and liquid fuels such as kerosene for lighting purposes.

Of these, kerosene takes a major share and is estimated to account for nearly US$30 bn in expenses directly incurred by millions of households across the globe every year for lighting purposes only. Off-grid solar lighting products are efficient contenders to this supposedly cleaner fuel (as compared to solid fuels such as wood and coal) and are gaining increased attention from governments and consumers alike.

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The high-level analysis in the report provides detailed insights into the off-grid solar lighting business globally. There are currently numerous drivers of the market. One of the most prominent drivers is decreasing cost of off-grid solar lighting products. Market attractiveness analysis was carried out for the off-grid solar lighting market on the basis of revenue realization and industrial growth. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The off-grid solar lighting market was analyzed across four regions: Asia Pacific, Africa, Latin America, and the Middle East. These regions are further segmented by country and type of installed off-grid solar lightings globally. Segmentation on the basis of types (solar lantern system (SLS), solar home system (SHS), and large solar home system (LSHS) has been provided for each country and region. Regional data has been provided for each sub-segment of the off-grid solar lighting market.

Some of the key manufacturers of off-grid solar lightings are Koninklijke Philips N.V., OSRAM GmbH, Niwa Solar, Tata Power Solar Systems Ltd., SunnyMoney, Omnivoltaic Power Co. Ltd., WakaWaka, BBOXX Ltd., Sinoware Technology Co. Ltd., and Azuri Technologies Ltd.

The off-grid solar lighting market has been segmented as follows:

Off-grid Solar Lighting Market: By Region

Asia Pacific

Africa

Latin America

Middle East

Off-grid Solar Lighting Market: By Type

Solar Lantern System (SLS)

Solar Home Systems (SHS)

Large Solar Home Systems (LSHS)

Browse Complete Report with TOC @ https://www.mrrse.com/off-grid-solar-lighting-market

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