Africa Off Grid Solar Lighting Market is expected to grow at a CAGR of over 16% during the period 2016 - 2024
Category: #energy-and-environment  By Rahul Sankrityayan  Date: 2020-02-14
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Africa Off Grid Solar Lighting Market is expected to grow at a CAGR of over 16% during the period 2016 - 2024

Decresearch adds Africa Off Grid Solar Lighting Market Report new report to its research database. The report provides information on Industry Trends, Demand, Top Manufacturers, product, revenue (value) and end users/applications.

Africa off grid solar lighting industry is segmented into different products like solar home system, large solar home system and solar lantern system. Solar home system (SHS)segment is predicted to register CAGR of more than 16% during forecast timeline. It provides additional features like small electronic gadget charging as well as cell phone charging. All these factors are predicted to promote demand for the segment.

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The study provides major essentials for all component suppliers, developing companies, education & research institutes, service providers, research experts, investors, and operators. It also enables industry players to understand the demands and preferences of their customers and achieve competitive advantage in the market, by means of targeting different customers and specific products in order to meet their requirements. The report presents up-to-the-minute data as well as basic insights pertaining to the market estimates between 2019 to 2026.

Large solar home system (LSHS) is predicted to touch $111 million mark by end of 2024. People belonging to middle income group population in developed African nations like South Africa are shifting to LSHS due to irregular supply of power and due to ability of LSHS bulbs to light 4 to 5 bulbs. All these factors are predicted to drive segment growth.

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Solar lantern system(SLS) contributed more than $191 million for 2015. It provides maximum illumination at lesser price. This system can prove to be a boon to large amount of African population belonging to low income groups having no power supply. All these factors can stimulate product demand during forecast timeline.

Kenya off grid solar lightning market share was evaluated at more than $85.1 million for 2015. Increasing requirement for reducing lightning expenses in the region is predicted to be key factor driving industry expansion in the country during forecast timeframe. Technological breakthroughs , low prices, long battery life span and portability are few of the major factors leading to industry growth.

South Africa is predicted to touch $65 million mark by end of forecast timeframe. Large proportion of population fall under middle income groups in this country and this may propel demand for LSHS product in the region owing to its lucrative offers like charging ports & multiple lights.

Africa off grid solar lightning market share is segmented with large proportion of regional manufacturers. Key industry players profiled in the report include Sun Tech, BareFoot Power, Koninklijke Philips N.V, ASE ,BBOXX, D Light, SunnyMoney, Nuru Light and WakaWaka.

Some Notable Report Offerings

1. A detailed introduction of the Africa Off Grid Solar Lighting market inclusive of the progress as well as the scenario of the market.

2. The production technique of the Africa Off Grid Solar Lighting along with research and patterns observed.

3. A detailed study of the top players of the Africa Off Grid Solar Lighting market – information includes the company profile, manufacturer data, contact information, and information about commodities.

4. An intense scrutiny of the Africa Off Grid Solar Lighting market potential, as well as the production costs, opportunities, prices, and revenue.

5. A detailed survey of the Africa Off Grid Solar Lighting Market – including the deployment, comparison, import and export patterns, and usage.

6. An in-depth survey of the Africa Off Grid Solar Lighting market with respect to the present market scenario as well as the industry status pertaining to the competitive landscape

7. 2019-2026 – Forecast of the worldwide Africa Off Grid Solar Lighting Market, pertaining to the parameters of valuation, remuneration, supply, requirement, market segments, and import, and export.

 

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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