๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐จ๐ฐ๐ง ๐ญ๐ก๐ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐จ๐ฅ๐๐ซ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ฆ๐๐ง๐: ๐๐จ๐ฉ ๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ข๐ง๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ ๐ข๐ง ๐
๐จ๐๐ฎ๐ฌ
Industry revenue for Solar Lighting System is expected to rise to $24.6 billion by 2030 from $9.4 billion of 2023. The revenue growth of industry players is estimated to average at 14.7% annually for period 2023 to 2030. Growing end-industries in major countries like U.S., China and India, is driving the market demand towards short-term peak; and with such a growth trajectory, Solar Lighting System's from component supplier to end-user industry is expected to evolve & shift towards integration. Recent market developments indicate that leading market players are making the strategic market advancements in frontier markets including Brazil, Vietnam and South Africa.
Industry Leadership and Strategies
Companies such Sun King, Philips Lighting, Schneider Electric, Greenlight Planet, Tata Power Solar, SolarOne, SolarStreetLights USA, Fonroche Lighting, First Solar, Trina Solar, Sollatek and Havells are well placed in this marketโs competition, which is intensely competitive at application scale.
Industry Transitions
The use of technology, in Solar Lighting Systems is making lighting solutions smarter and more adaptable.
The progress of blending grid connectivity with solar lighting systems is improving their dependability and acceptance.
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