Market News Today Off-grid Solar Lighting Industry | Page 2

End users into Small Portable Appliances, Solar Home Systems, Mini-Grids, Clinics, Street Lighting and
Signs, Schools, Two-Way Radio, Rural Business, Telecom, Tourism, Solar Mobile Charging Stations,
and Solar Water Pumping classify the market. Applications into Recreation Activity, RV/Camper,
Outdoor & Landscape Lighting, and others classify this industry. Off-grid Solar Lighting Market is
segmented geographically Americas (North America, Latin America), Europe (Eastern Europe,
Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific accounts for the largest market share of Off-grid Solar Lighting Market and is
estimated to lead the overall market in the upcoming years. In terms of revenue, India dominates
overall market in this region. The reason being, regular power cuts, high demand for tablets and
smartphones, and absence of grid in certain remote locations of the region will increase the use of
cost-efficient and reliable off-grid solar products. Bangladesh, Africa, and Latin America follow suit.
On the other hand, Latin America is estimated to grow at significant rate in the upcoming years. The
reason being, rising consumer awareness about the innovative and cleaner solar lighting products.
The key players of Off-grid Solar Lighting Market are Azuri Technologies, Koninklijke Philips N.V.,
Sinoware Technology Co. Ltd., OSRAM GmbH, BBOXX Ltd., Niwa Solar, Omnivoltaic Power Co. Ltd.,
Tata Power Solar Systems Ltd., and SunnyMoney. These players are concentrating on inorganic
growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Off-grid Solar Lighting in these regions,
from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India