Transparency Market Research Off-Grid Solar Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Published Date 19-May-2016 104 Page Report Buy Now Request Sample Press Release Declining Prices and Rising Efficiencies of Off-grid Solar Lighting Products Brighten up Growth Prospects of Off-grid Solar Lighting Market Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Off-Grid Solar Lighting Market REPORT DESCRIPTION Off-Grid Solar Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Sliding prices of components such as LEDs, batteries, and photovoltaic chips are prompting off-grid solar power product manufacturers in directing investments and funds towards enhancement of technology, efficiency, and durability of their offerings, states TMR in a recent report. In the fragmented off-grid solar lighting market, featuring few large-scale vendors such as Koninklijke Philips N.V., OSRAM GmbH, Total S.A., and SunnyMoney, and several small- and medium-sized players, pricing of products is a major determinant of success. Complete Report with TOC : http://www.transparencymarketresearch.com/off-grid-solar-lightingmarket.html Government initiatives in the form of tax abatements and tax-free loans are encouraging vendors to introduce highly cost competitive products; technology innovations and patented technologies are also being introduced at a rapid pace in the market and companies are launching products that can suit the diverse needs of consumers. Recently, in March 2015, market leader Koninklijke Philips N.V. launched the Philips LifeLight, which is a range of zero-energy solar powered LED lighting solutions. The product range comprises two sophisticated pendant lights and a USB port for charging mobile phones that is connected to a solar panel. The lights in the product have demonstrated 10 times longer lasting light as compared to candles and kerosene lamps. Total S.A. launched an adaptable 48 volt solar house kit in January, 2016, whose capacity can be extended with the addition of solar panels and batteries. Low Electrification Rates to Work in Favor of Off-grid Solar Power Reliable access to electricity is one of the most prominent challenges for millions of households in countries across Latin America, Africa, and Asia Pacific, making them directly dependent on off-grid power sources. Most of these households reside in rural areas and come from low to moderate income groups. The cost-effective and reliable off-grid solar power technology makes for a fitting power supply option for this demographics, prompting companies to make non-traditional regions a key part of their growth strategy. Transparency Market Research 2 Off-Grid Solar Lighting Market As for many other solar power technologies, the market for off-grid solar lighting has witnessed increased traction owing to the rising affordability of off-grid solar lighting products. Products such as solar lanterns and solar batteries have witnessed increased demand in remote parts of developing and under-developed parts of the globe that are not connected to conventional grids. The rising consumer base of mobile devices such as smartphones and tablets in Asia Pacific and Africa has also augured well for the market. Increasingly reliable and innovative products such as the solar batteries capable of recharging mobile devices are becoming highly popular among the remotely located and mostly underserved demographics in these regions. The high consumer-base of mobile devices is also expected to have a major impact on the demand for off-grid multi-functional solar power systems. Off-grid Solar Lighting Products to Completely Replace Kerosene The increased prices of kerosene is also a major reason why the consumer is shifting from the biologically and environmentally hazardous fuel to off-grid solar lighting products. As of 2013, nearly 18% of the world’s population was directly dependent on fuels like kerosene for lighting purposes. The overall financial gains of this shift are also enormous, prompting government bodies in making major contributions towards raising consumer awareness on this front. “Households with no electricity spend over US$30 bn every year on kerosene for lighting purposes. On the other hand, the cost of providing solar lighting products for an equivalent amount of light and power can be as less as US$2.7 bn. This can encourage household savings of about 10%-15% annually. The drastic cut down on costs for lighting can have a major impact on the overall development of emerging economies,” says a TMR analyst. Restraining the market from achieving widespread appeal and a larger consumer base are factors such as limited distribution channels, lack of consumer awareness, and issues about access to finance. The Asia Pacific off-grid solar lighting market is expected to rise in terms of revenue from US$365.09 mn in 2014 to US$2,294 mn in 2024. The number of units of off-grid solar lighting solutions sold in the region is expected to rise from 6.06 mn in 2014 to 46.20 mn in 2024. Trailing the Asia Pacific market for off-grid solar lighting will be the Africa market, which is expected to rise from US$269.9 mn in 2014 to US$2,117.9 mn in 2024 in terms of revenue. Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11273 TABLE OF CONTENT Transparency Market Research 3 Off-Grid Solar Lighting Market Table of Content CHAPTER 1 PREFACE Report Description Research Scope Market Segmentation Research Methodology CHAPTER 2 EXECUTIVE SUMMARY Off-grid solar lighting Market: Snapshot CHAPTER 3 OFF-GRID SOLAR LIGHTING OVERVIEW Introduction Value Chain Analysis Market Dynamics Growth Drivers Decreasing cost of off grid solar lighting products Increasing price of traditionally used kerosene oil Transparency Market Research 4 Off-Grid Solar Lighting Market Increasing mobile penetration in Asia Pacific and Africa Restraints Distribution, access to finance and lack of consumer awareness Opportunities Anticipated increase in demand for off grid electricity in the future Porter’s Five Forces Analysis for the off-grid solar lighting Suppliers’ Power Buyers’ Power Threat from New Entrants Threat from Substitutes Degree of Competition Market Attractiveness Analysis of off-grid solar lighting, by Region (2014) Asia Pacific Africa Latin America Middle East CHAPTER 4 OFF-GRID SOLAR LIGHTING MARKET – BY TYPE, BY VOLUME, BY REVENUE, SEGMENT ANALYSIS, 2014 – 2024 (MILLION UNITS) (US$ MN) Overview Solar Lantern System Transparency Market Research 5 Off-Grid Solar Lighting Market Solar Home System Large Solar Home Systems CHAPTER 5 OFF-GRID SOLAR LIGHTING MARKET – BY REGION, BY REVENUE, 2014 – 2024 (MILLION UNITS) (US$ MN) Overview Asia Pacific India Indonesia Bangladesh Pakistan Nepal Cambodia Philippines Africa Kenya Tanzania Ghana Ethiopia Uganda Nigeria Transparency Market Research 6 Off-Grid Solar Lighting Market Zambia Rest of Africa Latin America Peru Brazil Colombia El Salvador Guatemala Rest of Latin America Middle East CHAPTER 6 COMPANY PROFILES OSRAM GmbH Company Overview Financial Overview Business Strategy SWOT Analysis Recent Developments (Note: Similar data points will be provided for the companies mentioned below) Transparency Market Research 7 Off-Grid Solar Lighting Market Koninklijke Philips N.V., Niwasolar Tata Power Solar Systems Ltd., SunnyMoney Omnivoltaic Power Co. Ltd. WakaWaka BBOXX Ltd., Sinoware Technology Co. Ltd., Azuri Technologies Ltd. Complete Report with TOC : http://www.transparencymarketresearch.com/off-grid-solar-lightingmarket.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Transparency Market Research 8 Off-Grid Solar Lighting Market Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 9
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. Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11273 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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