Africa off grid solar lighting market share is fragmented with large number of local manufacturers. Key industry participants include SunnyMoney, Philips, and WakaWaka
The market is categorized on application basis as residential, commercial, and industrial. Commercial application segment accounted over 20% of total share in 2015 and is forecast to reach USD 310 million, with calculated at over 16% CAGR.
Ask for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/623
Increasing need to enlighten rural Africa by clean light source is forecast to be key growth driver. Approximately, over 590 million of the regional population have no access to electricity, which includes over 130 million urban populations. Furthermore, large population segment is dependent on conventional light source such as kerosene lamps and candles. Oscillating kerosene prices coupled with increasing awareness regarding health hazards synced with conventional light source may complement off grid solar lighting market from 2016 to 2024.
Technological development offers added features such as extra battery life and multiple features such as mobile charging. Increasing cell phone customer base is anticipated to drive off grid solar lighting market over forecast timeframe.
Key insights from the report include:
Solar lanterns product segment was dominant product segment in 2015 accounting over 50% of total share. Increasing demand for portable, affordable, and clean electricity source in rural Africa is forecast to drive Africa off grid solar lighting market size for solar lanterns.
Solar Home System (SHS) is projected to expand at over 17% CAGR up to 2024. Increasing customer base for cell phones is likely to boost SHS demand over the forecast timeframe.
Residential applications were largest in 2015, increasing awareness to replace kerosene lamps with solar lights is likely to boost off grid solar lighting market size for residential application.
Industrial application is forecast to reach 2.7 million units by 2024, with highest gains at over 16% CAGR.
Kenya off grid solar lighting market size dominated Africa in 2015 and is forecast to remain largest over the forecast timeframe owing to large number of retail stores, government incentives, and financial stability in the country.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/623
Rwanda off grid solar lighting market is anticipated to witness highest gains over 18% CAGR. Government initiatives such as subsidy, pay as you go scheme, and other benefits is likely to propel industry growth in the country.
Basis components required in off grid solar product includes, PV panel, batteries, connecters, and assembling parts.
Africa off grid solar lighting market share is fairly fragmented with large number of local suppliers. Major industry players include SunnyMoney, WakaWaka, and, Philips. Other market share contributor includes BareFoot Power, BBOXX, ASE, Sun Tech, and Nuru Light.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.2. Data sources
Chapter 2. Executive Summary
2.1. Africa off grid solar lighting industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Country trends
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Explore Our Blog @ http://algosonline.com/news
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Africa off grid solar lighting market share is fragmented with large number of local manufacturers. Key industry participants include SunnyMoney, Philips, and WakaWaka here
News-ID: 1285006 • Views: 471
More Releases from Global Market Insights, Inc.
Robust rise in the demand for personal protective equipment in the light of the …
Personal protective equipment (PPE) is one of the most crucial elements for worker safety, especially in high-risk fields such as medical. The WHO (World Health Organization) has classified PPE as a collection of protective garments worn by healthcare workers or other personnel for security against infections. According to the Research report, the global Personal Protective Equipment Market was estimated at USD 47 billion in 2018 and is expected to hit $79
Biopesticides Market 2020-2024| Top Key Players are Bayer Crop Science, Marrone …
Declining availability of arable land due to excessive use of chemical pest controlling practices in farming could drive global biopesticides market outlook over the coming years. Consumers are increasingly preferring organic and sustainable food due to growing awareness regarding harmful impacts of consuming food grown with synthetic manure and chemicals. In 2016, bioherbicides saw sales of for more than USD 100 million worldwide. The product is in high demand owing to
Explosives & Pyrotechnics Market 2020-2025 | Orica Mining Services, Incitec Pivo …
The global explosives and pyrotechnics market share has witnessed a commendable growth rate in the last few years due to the increasing mining activities, military spending, and the rising use of fireworks during festivals and events across various nations. Pyrotechnics are designed to give special effects like illumination, smoke formation, propulsion, shooting, disintegration, and sound. The pyrotechnic items are not only used for entertainment but also used in military and
Why the GaN and SiC Power Semiconductor Market Is Set To Explode? | Global Playe …
In terms of geographical expansion, GaN and SiC power semiconductor market outlook is gradually changing in the developing countries of the Asia Pacific region such as India and China. The presence of large solar facilities is the most significant factor that has increased product demand in these nations. To put things into perspective, China has more solar energy capacity - a humongous 130 gigawatts - than any other nation in
More Releases for Africa
Energy Drinks in South Africa
ReportsWorldwide has announced the addition of a new report title Energy Drinks in South Africa to its growing collection of premium market research reports. Energy Drinks in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Meat in South Africa 2017
ReportsWorldwide has announced the addition of a new report title Meat in South Africa 2017 to its growing collection of premium market research reports. Meat in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential
14th Africa Independents Forum
The 14th Africa Independents Forum 2016, 25-26th May, gathers together leading independents and corporate players worldwide and from across Africa, both listed and unlisted, large and small, established and new entrants, and provides enhanced exposure to the wider Africa-wide upstream industry in oil, and gas, exploration and development, including issues in crude oil and financial markets, engaging equity financiers, banks, private equity and investors found on the AIM and LSE,
Vizocom Selects iSAT Africa as Its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions. Sharjah, UAE, March 02, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and
23rd Africa Oil Week
While the African Continent continues to attract a steady stream of oil and gas commitments in its fast-growing oil, gas-LNG and energy industry, our landmark Africa Oil Week 2016 event will again showcase Africa’s Governments, National Oil Companies, Licensing Agencies and corporate players shaping the continent’s future – in exploration and production/development, across new frontiers and established basins; onshore in the Rifts and offshore in the shelf and deep-water, providing
Avnet extends its Africa focus
Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), has extended its focus on the fast growing African region by investing heavily in the resources with a dedicated team of highly skilled sales, technical, financial and marketing professionals to expand its footprint across the continent. Avnet is also expanding its portfolio of products, solutions and services for solution providers on the African continent. A