Global Solar Home Lighting Market Study Analysis: Off-Grid solar home lighting will boost the growth of the market in the forecast period

The global Solar Home Lighting market size is expected to grow at a CAGR of 15.96% from 2021 to 2028. Solar home lighting is facilitated by solar cells, which convert solar energy, i.e. sunlight, into electricity. The electricity is stored in batteries and used for lighting whenever it is necessary. Solar illumination systems are built to work in difficult environments. They are becoming more cost-effective, have almost no ongoing costs, and are a safer, brighter alternative to kerosene.

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Global Solar Home Lighting Market Drivers And Restrain:
The main contributors to the growth of the Solar Home Lighting market are the growing desire for renewable and clean energy, and low maintenance costs, and ease of installation, are all contributing to the growth of the Solar Home Lighting Market. Solar panels contribute significantly to the reduction of pollutants in the environment. Solar energy is an infinite resource, and the government's initiative to deploy solar panels as a source of energy is another reason driving the Solar Home Lighting Market forward. Furthermore, government subsidies on solar panels are fuelling demand for the Solar Home Lighting Market.
The market is hampered by the installation of solar panels comes at a high price.

Impact Of COVID-19 on the Solar Home Lighting Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Solar Home Lighting Market Segments:
The global Solar Home Lighting market is further segmented into a product, application, and geography.
By Product: Grid-Tied Solar Home Lighting, Off-Grid Solar Home Lighting
By Application: City, Countryside

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

APAC is a potential market for solar home lighting, with a lot of room for new technology development and deployment. Countries such as China, India, Japan, South Korea, and Australia are pursuing solar lighting deployment efforts. In APAC, China is the most important market for solar home lighting adoption. Rising urbanization in this region's developing countries has resulted in increased energy demand. As a result, solar streetlights are in high demand in this area.

Key Players of Global Solar Home Lighting Market:
• Panasonic
• Tata power solar system
• GE renewable energy
• Sanyo solar
• Ascent solar
• Philips
• Sharp
• Su-Kam
• AUO
• Solarcentury

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Solar Home Lighting Market
• Value Chain Analysis of Global Solar Home Lighting Market
• What is the CAGR of the global Solar Home Lighting Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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